Five Reasons Co-Working Spaces are on the Rise The days when we used to work in set offices belonging to a single company are

quickly coming to a close. Offices belonging exclusively to one company are becoming

a thing of the past, mostly due to the rise of co-working. There are many reasons why

co-working offices have increased in popularity, whether it’s money constraints, a

search for a more creative office or even as a convenience. Shared workspaces are

especially popular among freelancers, independent workers, consultants and small

enterprises. Here are a few of the reasons listed below.

Why Co-work?

Every answer begins with a question. The question asked here is “Why the rise in co-

working spaces?” There are many different reasons as to why this is happening. Here

are five reasons why

Co-working spaces are growing in popularity.

First and foremost is the rise in start-ups and small businesses. When you’re a

new company, capital is at a premium. The endless effort in setting up and

ensuring success, to the rigorous search for investment, sparing the money to

lease an office space is a burden on most start-ups. Generally speaking, office

Spaces are mostly located in premium localities, making the price for workspace

rentals prohibitively expensive.

The second reason for the increased interest in co-working spaces ties in to the

first one.

Renting or leasing office space, especially one that meets your needs is a

daunting prospect.

You have to find the right one location-wise, size-wise and one that fits your

style. What makes this even more troublesome is that you’re locked in to a

rental or lease agreement for a specific period of time, whether it’s a year or

more.

Co-working office spaces also come with many benefits. You get plenty of

opportunities to share ideas, communicate effectively with others, collaborate

on projects with your co-workers and brainstorm when you need to.

Another positive of co-working spaces is that they are incredibly flexible. They

can be designed according to what a company needs and, the layout of the

office can be changed as needed too. Co-working spaces are also flexible in their

rental agreements, whether it’s for a day, week, month or year.

There is so much more to a co-working office. Increased productivity, better

networking, more creativity and a higher level of freedom compared to a

traditional workspace are even more reasons for enterprises and freelancers to

go the co-working route!