The coworking space is the perfect place for remote workers, freelancers and entrepreneurs to grow their businesses. Coworking culture has been growing rapidly in Melbourne, with more spaces opening up all the time. In fact, flexible coworking spaces have been forecast to grow by 21% in 2021!
In this blog post, we’ll explore what coworking spaces have to offer you and your business!
So, what is a coworking space?
A coworking space is a shared workspace for independent working professionals, small businesses and even corporate offices. These spaces are usually rented out every month. There are various membership types and offers catering to simple hot desking requirements to more complex private office spaces.
Is coworking right for you?
The answer is that it depends! If you’re a remote worker, freelancer or entrepreneur and would like to grow your company while saving time and money on rent costs – then coworking could be the perfect fit.
A coworking space allows entrepreneurs to grow their businesses while working alongside like-minded individuals who can provide moral support and even advice.
If you’re a freelancer or remote worker, the answer is a little clearer – most people in this group are self-employed professionals with few staff members and limited office space. However, with so many solid advantages for both parties, it’s clear that coworking spaces are becoming increasingly popular!
What are the different types of spaces?
There are four main types of coworking spaces: Hotdesking, Social Coworking, Private Office and Shared Office.
Hotdesking is the most common type of office space – it’s simply a desk for rent in an open coworking environment that offers Wi-Fi access and basic office facilities such as phone booths or meeting rooms.
This type of shared working arrangement suits those who want to work independently. Hot deskers usually don’t need a personal workspace, and they are happy to change things up.
Social Coworking is essentially the same as hot-desking, except you get more from your membership! With social coworking membership options like unlimited tea/coffee machines, company-sponsored events and community activities.
Private office spaces are a little more expensive than hot-desking but offer much more personalised options. This type of coworking office space is an extension of what you might find in your own home—fully furnished with everything from desks, chairs and computers to furniture for storage. You also receive 24/hr access and full IT support.
Shared office spaces are perfect for those who want to work in a professional environment with their team. These private office spaces will usually have the same furniture and facilities as hot-desking but allow you to bring your staff or hire additional employees.
What are the benefits of coworking?
They offer several benefits to entrepreneurs and small businesses. Here are just some:
Like-minded people: Having access to an office space with like-minded people can be beneficial for your business, as you’ll have the opportunity to network and learn from other freelancers who may have been in your shoes before. Coworking spaces also often come with events or workshops where entrepreneurs share their experiences, tips and more!
Unlimited high-speed internet access: This also differs between memberships based on your needs! Some people need only Wi-Fi, while others require server bandwidth as well!
Rent is expensive: coworking spaces provide an affordable alternative that allows remote workers to grow their companies while saving money on rent. Plus, many places give discounts if you pay upfront for several months at a time.
Coworking offers infrastructure, networking opportunities: shared workspace and more at an affordable cost. So if you want to save money on rent costs but still have access to these things, coworking could be perfect for your company’s needs.
Access to facilities and technology: many coworking spaces come with a kitchen, cafe and meeting rooms. Some even provide access to printers, meeting rooms, conference rooms and more!
Productivity: Your productivity levels will likely increase as you’ll have the opportunity to work in an environment that fosters creativity and collaboration.
Flexibility: If your company needs more space or fewer hours, there are memberships and offers that allow your business to scale without taking on extensive financial commitments.
Location: Avoiding long commutes to the CBD is one easy way to cut the stress out of your day and add hours of productivity instead. Coworking spaces are located in most suburbs of Melbourne, sustaining vibrant neighbourhoods as more people work closer to where they live.
Snacks & drinks are available throughout the day – As an added bonus!
How to choose a suitable coworking space?
They offer many benefits, but it can be challenging to choose the right one for you and your company. Here are a few tips:
Consider what your business needs – do you need access to meeting rooms? Do you require an office space with other like-minded professionals? Is Will having access to printing facilities help make things easier for your team?
Look at pricing – how much does membership cost per hour or month, and is there any commitment period involved that doesn’t suit your work schedule or budget requirements.
Think about location – if you’re in Melbourne CBD, then this might not matter as much! However, if you live outside of town centre areas where coworking spaces may exist (or will soon).
The community and fit – what kinds of events or gatherings do they have? What personal wellbeing requirements do you have? Are you an open plan person, or do you prefer a private space?
The jury is out, coworking is definitely here to stay! If you want a choice away from the isolation, distraction and discomfort of working from home, a coworking space is just around your corner.