“Shared work space” is a buzzword growing in popularity after the growth of the internet and the trend in leasing out services. It has, indeed, earned the right due to its perks.

 

Take a look at some of the upsides to a shared work space:

 

Increased Productivity

 

Given that shared work spaces serve workers as their clients, they cater to different working styles and provide an allowance to switch sceneries within the day.

 

As shared work spaces satisfy the preferred workplace conditions such as ergonomic furniture, sufficient natural light, and refreshments, inhabitants are set for an optimum productive day.

 

Additionally, fellow inhabitants putting their best foot forward around you motivates and instills a sense of belonging to combat isolation feelings that affect 61% of Americans.

 

Better work-life Balance

 

Basing a huge part of the day at work leads to problems such as low productivity, burnouts, stress and anxiety, and loneliness.

 

Working from home can curb the above issues. However, it is difficult to avoid distractions and get work done at home.

 

Dedicating some part of the day to a working space outside both home and a traditional office and setting a schedule to enhance productivity gives you ample guiltless time to enrich life with off-hours activities.

 

Cost-Effectiveness and Flexibility

 

For small teams (12- 30 employees), shared work spaces could save 60-70%on cost compared to traditional offices.

 

Discarding the need to buy or lease into an office, furnish, equip and foot its utility bill, shared work spaces eliminate the financial burden during the initial stages of a company.

 

The only duty remaining is paying the low monthly fee.

 

Moreover, within the same shared work space, as needs evolve, you can switch over to another spot with little hustle.

 

Adding to that, given that there are few financial repercussions to relocation upon expansion of the team (like selling furniture or waiting for a long lease period to end) the ease to move out offers the flexibility needed.

 

 

Networking Opportunities

 

Keeping in mind that shared work spaces host temporary to semi-temporary workers, the flow of individuals is high. This flow presents a broad pool of networking opportunities.

 

The interaction between individuals is casual. These interactions mark the beginning of a relationship based on trust and reciprocity as opposed to traditional offices.

 

The network built is often reliable since it offers professional support in a friendly and invested manner.

 

On the extreme end, networks convert to business partners, cofounders, etc.

 

Conclusion

 

Co-working spaces appear to be the sweet spot between productivity and additional benefits while avoiding the downfalls of traditional offices and working from home.

 

Seek one that meets your needs and outrun a lifetime of unprecedented hiccups.