Since 2010, the number of coworking spaces has grown by 50% each year; in 2018, the number in America rose by 16%. Evidently, this type of office space is rapidly becoming the norm.
While it’s non-traditional to share office space, it’s obviously something that provides many benefits. Otherwise, why would it be so popular?
But as with all good things, there are always the negative sides. In this article, we’ll discuss both the pros and cons of a coworking office space.
Pros of a coworking space
Below are a few reasons why you should consider a coworking office space.
You’ll Save on Rent
If you’re bootstrapping for your business, you’ll have very little capital to work with. Shelling out a large sum of money every month to pay for office rent may not be feasible for you. One of the main perks of a coworking office space is its rental fees are usually lower than an office’s.
They Come with Amenities
Most shared office spaces come with things like good internet, lounges, and meeting areas, so you won’t have to seek out other places for things like client meetings. Some coworking spaces also have weekly parties and other fun programs, so if you’re trying to attract employees to your company, these can be great perks for them.
Get Easy Networking
Coworking spaces always attract like-minded people, which means you can work and network effectively at the same time. You may find other professionals who you can collaborate and innovate with. Plus, they may be able to introduce new clients.
Cons of a Coworking Space
Here are some reasons you may not like having a coworking space.
Too Many Distractions
If you need quiet, you probably won’t get it here. Other people may talk, play music, or have impromptu meetings, which can all highly distract you from your work. This can mean you have a lack of privacy as well.
There May Be Competition
Other people in your industry may have the same idea of using a coworking space, so you may run into competition. Things can get awkward if you have to see them face-to-face every day.
If you keep odd hours, you may run into problems here. Most spaces are only open 9:00 am to 5:00 pm, which means you’d have to find another working space after hours.
Pick a Space that’s Right for You
When it comes to a coworking office space, it’s not a one-size-fits-all solution. While it may be a great place for a small startup team, it may be a distracting space for others.
After assessing all the pros and cons of a coworking office, only you can determine if it’s right for your company. So don’t just follow trends. If, after some careful consideration, you feel like a traditional office is best for you, then it’s completely fine to opt for that instead of going with the crowd.
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