Why Should Your Company Switch to a Coworking Space?
The environment and expectations of workers have permanently shifted because of the COVID-19 pandemic. People have adapted to working remotely and many do not want to go back to a life where they have to be in an office on a daily basis. According to the 2021 State of Remote work by Owl Labs, 71% of the employees want a hybrid or remote working style even after the pandemic is over. More and more companies are learning to adjust to these expectations of the employees to stay competitive.
For many companies, one question may come to mind when they are staring at the empty offices: If the entire team is in either a hybrid or remote working environment, would it even make sense to have a dedicated office for their employees? A dedicated office space has many benefits, but on the operational level, the cost and commitment are very high. If the office is not being used full time, it might not be worth the cost. But going fully remote is still not realistic for many companies.
A good in-between is to have coworking spaces for the employees. Coworking spaces increase productivity and create a sense of community while lowering the operational costs, allowing for more mobility and flexibility.
What is Coworking Space?
Coworking space is an office space where employees and entrepreneurs from different companies come together to work in a common office space. People who work in coworking spaces can connect and bounce ideas off of each other, much like traditional office spaces.
Coworking space started out as a way where self-employed individuals and freelancers could get together in a proper working space instead of in a home office, coffee shop, or other places. Since its invention, it has grown slowly over the years and became a global phenomenon. Currently, there are over 23.5k coworking spaces around the world. The number of coworking spaces is growing at a faster rate than before, potentially reaching over 40k by 2024.
Benefits of Coworking Space
Nowadays, coworking spaces are not just for freelancers or individual workers, companies of all sizes are seeing the advantages of coworking spaces. The COVID-19 pandemic has accelerated this coworking trend, and it is not slowing down. Here is a list of some of the main benefits of coworking spaces.
Flexibility and Lower Cost
For companies, one of the downsides to having a traditional office is the long-term commitment. Often, renting out an office requires years of contract and commitment. In this fast-changing society, even a couple of years can mean drastic change for many companies. Coworking spaces have shorter lease periods, often monthly agreements, and some places even offer daily payment options. This means that companies can spend less money on renting out traditional offices, while enjoying many of the same benefits.
Even for large companies that already have traditional office spaces, coworking spaces can still be a money saver. Having coworking spaces can eliminate many costs surrounding unused spaces, reducing overall space needed for a company. With an increase in the number of employees who are either hybrid or remote, this can be a very cost-efficient change.
Both small and large companies can enjoy the in-office flexibility of coworking spaces. Instead of sitting in a cubicle, workers have flexibility in how they want to work in coworking spaces. Common features of coworking spaces include meeting rooms, dedicated workspace, private phone booth, and collaboration spaces.
Community and Networking
Another important part of a coworking space is the sense of community. The coworking culture embraces the social aspect of workplaces, shifting away from the traditional formal and corporate atmosphere. This is also true for big corporations. Even for employees in the same company, they may not have the chance to communicate or bond with people who do not work in their department. Entrepreneurs are encouraged to bond and network in coworking spaces. Professionals working in the same space will form a bond from day-to-day interactions.
On top of that, coworking spaces often organize networking events, such as seminars, workshops, training sessions, and happy hours in the bar. You can find all types of events every day when working in a coworking space. The relationship you build in a coworking space can evolve into new friendships and potential professional opportunities.
Increase Creativity and Productivity
When a coworking space is shared with people from different companies or different departments, it sparks many new possibilities that may not be possible in a traditional office setting. If you need a problem solved, you can quickly start brainstorming sessions with colleagues or friends working in the same space. People with different backgrounds can bring in fresh perspectives you might not have considered before.
For smaller companies, one of the big advantages of a coworking space is that they don’t have to worry about all the amenities. Preparing an office space is not a short process, cutting down on the preparation time adds to the overall productivity. Renting a coworking space can save a ton of time and money in the preparation process. Simply grab your computer and go to a prepared coworking space and start working.
If you are used to working in a coffee shop or in other settings, coworking spaces can increase productivity by providing a dedicated workspace. In a dedicated workspace, people face fewer distractions around them and can focus more on work. When workers are surrounded by people who are passionate about their work, it indirectly increases productivity, linking back to the community culture in a coworking setting.
The demand of workers has shifted considerably over the past couple of years, and it is not going to change any time soon. Of course, coworking space is not the perfect fit for all companies, so it is important to evaluate whether a coworking space is suitable for your company.
Work with an Office Mover
Changing offices is not an easy task. The actual move is also significant and cannot be done without reliable help from a reputable moving company, like Chicago Office Movers.
Chicago Office Movers is experienced in commercial moves of all sizes. We have helped move prestigious area companies and universities, such as Alcatel Lucent and the University of Chicago. Our moving crews handle all office goods, equipment, and furniture securely and carefully.
Whether you are moving locally or interstate, our professional moving team will ensure your sensitive equipment is safeguarded. Our moving trucks feature climate-controlled spaces, lift gates, and air-ride suspensions. Customers also receive tracking information to follow every step of the move.
Relocating companies will also benefit from our climate-controlled long- and short-term storage facilities. Our moving crews are available for packing and unpacking your office goods. If you need help planning the relocation, our experienced corporate moving specialists will provide assistance.
Whether you are moving delicate artwork, fragile lab equipment, or sensitive IT systems, choose Chicago Office Movers. Given our industry experience and excellent reputation, we will help you relocate affordably and on schedule.
Contact us for your upcoming local, long distance or international move at 312-244-2246 (CHI-CAGO).