Over the past 10 years, a boom has been seen in the practice of co-working. While serviced offices have been around for almost 30 years, the trends we are seeing now in terms of co-workings explosive growth can be attributed to a variety of factors.
Business owners are in need of flexible workspaces
As businesses continue to grow, they themselves may not be ready to accommodate all of their workforce within their own building. Because of this, low cost alternatives are looked into so all workers can be accommodated instead of large expenditures involving expanding office space and also causing workflow to be interrupted due to the construction. Co-working spaces have become one of the alternatives business people look into when expansion is occurring and a place to work is needed.
Because of this increased search for a place to work, many co-working places have made strides to increase the quality of life they provide and enhance the user experience. Better locations, more amenities, personalized offices, food and drink, and more are just examples of how co-working places attempt to make the user feel more welcomed and encouraged.
Every co- working space attempts to cater and make the user experience the number one priority, causing many new spaces to open up to cater to new people and appeal to businesses that are local.
Co-Working for different cultures
To accommodate for various peoples of different interests, some spaces are born in order to cater to people based on their profession. Some co-working spaces are designed for particular industries in mind such as arts, technology, etc. People involved in niche business ventures are also something co-working studios like to seek out and support as they feel they can help cultivate those new ideas within their space.
There has been an increased focus and increase in the amount of people who go to a co-working space for Small Businesses and improved productivity, with 47% of Co-working space users being Small Business members. With the increase in small businesses being born and in need of a productive workspace, co-working spaces continuously pop up and make strides to help these business people by providing the environment they seek.
Many co-working studios have expanded opening multiple locations in order to improve the user experience by minimizing travel time and distance for members. This is also done in order to increase the flexibility found in the office enabling more choices and space for members to choose from. Also due to the popularity and portability of laptops, moving between spaces and taking what you need to work is much easier enabling co-working spaces to adapt to the flexibility some of its members require.