Coworking space is a trend that has taken hold in recent years as businesses shift away from traditional office spaces. This type of flexible workspace is ideal for small companies and remote workers who want to enjoy the benefits of a collaborative environment without the expense of leasing an entire building or buying their own offices.
A coworking space is typically a large room or office with multiple desks available for rent by individuals and teams. It is often located in an area that has a lot of other businesses so professionals can easily collaborate with people who work in their industry. The cost is usually fairly low and members can rent a hot desk or dedicated desk depending on their needs. Many coworking spaces also have meeting rooms and kitchen areas.
The benefits of a coworking space include the ability to network with other business owners, collaboration with a variety of different professionals and a creativity boost. Professionals who work in isolation may rob themselves of the necessary ideas and brainstorming sessions that spur bursts of productivity and allow them to move their company forward faster.
Coworking space is also beneficial for businesses that have employees who are working remotely and need to meet with colleagues in person to discuss important projects or issues. These types of meetings can be difficult to conduct through video calls and phone conferences. It is also difficult to build rapport with people when they are not face to face. The physical presence of other team members can help to build that sense of camaraderie and trust that is often missing from a virtual workplace.