Coworking spaces are the new modern-day offices, offering beautiful architecture, inclusive amenities, and amazing perks. Envision a room filled with hard-working individuals, all employed by different forms of businesses and organizations. The building would have a multitude of rooms, from meeting areas to computer labs. Individuals would have the opportunity to network with creative and intelligent professionals. From small businesses to remote workers, coworking spaces are the ideal work environment.

They have revolutionized the business world, saying yes to flexibility and collaborative ambiance. There are 17,000 coworking spaces globally, and it is projected to rise six percent annually in America until 2022 and by 13 percent around the world. Ready for a new office environment? Continue reading to learn the top seven benefits of coworking spaces that make them essential for the everyday working individual. 

What is a Coworking Space? And Who Benefits from Them?

Coworking spaces are defined as an arrangement in which workers of different companies have a shared office space. This allows cost savings and convenience by using shared infrastructures, such as equipment, utilities, receptionist and custodial services, and in some cases, refreshments and parcel acceptance services. 

They are perfect for small businesses, freelancers, remote workers, and startup teams looking to accomplish their work and network with corporations beneficial to them. Employers and employees can build meaningful relationships with companies to lead to potential joint projects or receive helpful business practices. The coworking space offers them a professional and flexible work environment tailored to their schedule. Everyone benefits from a coworking space. 

The Benefits of Coworking Areas

1. Increased Productivity 

Productivity is greatly enhanced for the individuals that work from home. They no longer have the constant distraction a house can provide, such as crying babies, tidying up the home, or just responsibilities that need to be completed. Escaping to a coworking space minimizes interference with completing your work using creativity and delivering on time. 

Coworking spaces are optimized for productivity. They are made to adapt to different work styles, providing different settings and a variety of desks and meeting rooms to tailor to all working individuals.

2. Network & Collaboration Opportunities 

The most significant difference between a traditional office and a shared office is the network and collaboration opportunities that a coworking space offers. The work environment is collaborative as they are working alongside different people and organizations every day; those people could potentially give your company the next big business idea.

Coworking spaces also hold networking events to help corporations find new business partnerships or clients, brainstorming sessions with other like-minded companies, and educational workshops. They also include fun activities from luncheon events to workout classes, perfect for making introductions and turning them into profitable and personal relationships.

3. Flexible Working Schedule

Coworking spaces offer people the option of arriving and exiting the office when they want to. They can create office hours that best suit their schedule and their employers. Furthermore, coworking spaces created a solution for employers who want to hire exceptional workers outside their region. They can give their remote employees memberships to coworking spaces without having to relocate them.

4. Private & Shared Office 

A great thing about coworking spaces is that they have private and shared offices accessible to all workers. They remove the traditional cubicles and replace them with colorful meeting rooms,  a multitude of hot desks, glass-walled private offices, and expensive lounge areas. The private and shared offices allow the workers to choose between peace and quiet or brainstorming sessions with the team. 

5. Build Structure to Work-Life Balance

Work-life balance is crucial for your mental health; there should be a separate space between your home and work office. Without this, everything becomes a blur as there is no structure for your personal and professional responsibilities. Coworking spaces offer this structure as it forms a distinction between your home and work environment; there is a place to go for work and a home to return to for rest. 

6. Cost-Saving

Coworking spaces only make you pay for the areas you plan to use and include exclusive perks from cleaning staff to printing services at no additional cost. This is essential for small businesses that want to continue growing and expanding their company as they won’t have to endure the pressure of long-term leases. The cost-saving is an enormous benefit as the money that would initially be used for a traditional office space can now be invested towards their company. 

7. Creativity Boost

When working with other like-minded people and companies, you acquire so much knowledge and ideas that could apply when creating your next big business project. Switching your work environment is an excellent refresher for your head, and bouncing ideas with other people can provide a creativity boost.

Work from The Cannon

Coworking spaces have modernized the familiar office environment, giving you the ability to work when and where you want. The Cannon is a coworking space that features hundreds of the fastest growing and most innovative startups, entrepreneurs, and small businesses globally, surrounded by the resources they need to thrive. We currently have five different locations open in West Houston, Downtown Houston, Downtown Houston (Theater District), Post Oak Houston, and Galveston, along with a new Sports Media focused location launching in September in Uptown Houston area, and are continuing to expand throughout Houston and beyond. 

While deciding whether coworking spaces meet your business needs, remember the benefits of coworking spaces, from networking events to cost-efficiency that a traditional office cannot provide. It’s time to choose what’s best for you. Visit your local location of The Cannon today!