Coworking

Previously the office of choice for freelancers and tech start-ups, more and more companies are choosing to look at co-working as a viable office model for their businesses.

The approach

Not a day goes by without another trendy co-working space popping up – and there’s good reason for it. Savills has predicted that companies using co-working spaces will rise to 15 per cent by 2023 as companies are “unable to plan for a longer period and see the five-year lease as an eternity”.

Co-working could look like:

Creating your own co-working space to rent out to businesses and freelancers
Using a co-working space as a viable option for your employees who want to work closer to home or on-the-go
Connecting certain employees with other businesses and individuals to expand your network
Establishing your entire business at a co-working site to reduce initial set up costs

It’s not surprising that co-working is still on the rise and in-demand. They often offer quirky, luxurious and people-first office experiences that most businesses still aren’t providing their employees with.

The benefits

Co-working spaces are designed with people in mind. Showers, luxurious furnishings and cool break out spaces – they’re the home-away-from-home office. And for businesses, they’re a risk-free way of expanding and providing your employees with state-of-the-art office space.

Rationalised business costs

There’s no huge outlay when you’re using co-working spaces. Usually a monthly membership is all you’re paying which helps keep your business costs predictable and manageable. This is incredibly attractive for many businesses facing uncertain economic times.

High quality workspaces

Design and purpose sit at the heart of co-working spaces. That’s why they work for so many different types of business. With the focus firmly on the needs of people, co-working spaces are kitted out to provide everything employees need to get their job done.

Potential for growth

Whether you’re looking to start a co-working space or put your employees in one, there’s plenty of opportunity for growth. They’re in ever-increasing demand from businesses and your employees will be mingling with other businesses frequently – meaning that new connections are always on the horizon.

Staff satisfaction

85% of workers said that they preferred a hybrid approach to work rather than purely office or home based. Giving staff easy access to office space that is there when they need it keeps them happy.