Points to consider while choosing a co-working space
Co-working space is a fast growing industry and the number of co-working offices around the world is increasing every day. The market space is expected to grow to a good 30% by the next decade. So choosing the right coworking space for you is really important. Here are some points you should keep in mind while looking for the right office space for you:
Location and Accessibility:
Their aim is to reduce transport costs and reduce travel fatigue. So choose a place that is close to residential areas and has enough facilities like parking spaces, accessibility modes, shops, restaurants etc.
Economically Friendly:
Choose a co-working space that offers you a great environment to work with state-of-the-art facilities without losing a lot of money from your pocket.
Work environment:
Find an office space that fits your company’s needs. Despite all that co-working spaces have to offer, you still need to ensure that your business’s basic needs are met.
Facilities:
When you look for a co-working space, find out if they have modern infrastructure with digital assets to boost your efficiency. Focus on how their services can help you upgrade your office environment.
Community:
You may prefer to connect with people in your industry rather than being in a completely different environment and losing motivation. The right community will help you grow massively.
Connectivity:
If you’re a business based in multiple countries around the world, you may not want to invest in local coworking spaces. Do your research on how well connected your co-op is and if they have a branch in your preferred location. What are your goals for the future? Does a co-working space align with your thinking? These are important questions to consider when choosing a coworking space.
Security:
Always invest in a co-working space that prioritizes your safety.
Working Hours:
Find a coworking space that fits your time schedule. If you’re looking for flexible work hours, choose a 24/7 coworking space.
Recreation and Leisure:
To reduce workload, many co-working spaces have recreation rooms, lounges, and more. They allow you to take short breaks so that you can return to your work with a fresh mind. Apart from that they also organize entertainment activities to promote the growth of the network.
Steps for choosing the right co-working space
Step 1: Make a budget
Creating a budget helps you decide what kind of packages will be offered in that category. This helps you decide what options you need, what you can afford and what you can discard. Also note that payments for these cooperative services are expected on a monthly basis.
Step 2: Find an optimal location
Choosing the right space is very important when choosing your co-working space. Shortlist which co-working spaces help you to maximize your travel time. You need to see what kind of space you prefer to have in your office. Do you have such facilities in your office premises?
For businesses that require travel or have multiple branches around the world, you need to ensure that cost and accessibility are handled offshore.
Step 3: Choose your desk space
Co-working spaces offer a variety of desk spaces to suit your needs. Look at your employees and your needs. They will determine whether you qualify for hotdesking (flexible workspace), dedicated desks or private offices. For example, hotdesking may be a good option for a freelancer but a well-established company with a large team should opt for a private office.
Step 4: List the amenities you expect
Some basic office amenities should be provided by your co-working space provider for the smooth functioning of your office. Some essentials are reliable and secure Wi-Fi, printers, meeting and conference rooms, etc. Find offices that support your industry-specific requirements.
Step 5: Do a lot of research
Doing good research is the key to getting the best you want. You can both do a simple Google search and go through workspace database websites like Desk camping or ask your network of clients or business owners what works best for them. Another method is to contact a co-working space broker who will help you find the right office space with their keen expertise.
Step 6: Ask questions
The last and most important step is to learn about the culture, community, work process and organization and more. Don’t forget to take a look at additional charges, perks you may or may not have to pay for, organized events and security. Alas! And read the documents carefully before signing them. You may not want to entrust your company’s intellectual data to a third-party organization. Visit the office yourself at least once to feel the atmosphere. Don’t forget to take a look at additional charges, perks you may or may not have to pay for, organized events and security. Alas! And read the documents carefully before signing them. You may not want to entrust your company’s intellectual data to a third-party organization.