The popularity of co-working spaces has increased much after the global impact of the pandemic. It is getting increasingly popular among individuals who work remotely, are part of a small team, or working independently. The number of co-working spaces is increasing rapidly all over the cities and you might like to have one in your area.
Before you consider moving your small business and work, here is a list of the pro and cons of co-working spaces that you must know.
Pros
1. Affordability
Leasing a working space is quite expensive and also it will take more money to make it fit for a workspace with all the features and amenities. Considering these factors, co-working spaces are more cost-effective as they are already built properly to help the workers and employees. Along with the modern features, the co-working spaces are built-in locations with good connectivity. As a result, the spaces are also convenient on basis of commuting.
2. Sense of Community and Teamwork
While working from home is quite comfortable for many, it can be very isolating too. Co-working spaces help to embrace the sense of community by working altogether while belonging to different regions and domains. The professionals can share ideas with others and create more ideas based on entrepreneurial ventures. Co-working spaces offer ample opportunities to build new connections both professionally and personally.
3. Constant Evolution
According to the Global Coworking Unconference Conference, the number of individuals who are opting for co-working spaces is increasing by 24% every year. As a result, more co-working spaces are growing in different areas. The spaces are also expanding their features to make sure every individual can work with satisfaction, ease, and convenience.
Cons
1. Not Budget-friendly for All Individuals
Yes, co-working spaces are definitely cost-effective but that is the terms of an organization. When an individual is trying to work alone in the space, it will cost much as a monthly payment for an individual. Cafes and lounges with WiFi are still cheaper and more convenient options for individuals rather than luxurious co-working spaces.
2. A Handful of Distraction
Co-working spaces can provide you with a motivational boost when working with others. However, it can also take your attention away with so many people working around you without following any strict workplace decorum. You might find someone listening to music while working, or some other people taking on the phone, team meetings taking place behind you, etc many other situations which can distract you a lot. It is something that hampers your productivity and you are unable to control that.
3. Restriction in Space
Though the coworking spaces offer adequate space to get your work done, not all the options are the same for every space. Some co-working spaces offer separate cabins for working privacy and peace while others can provide hot desks with a simple desk and chair. Usually, the spaces are restricted in most cases as other employees will be working too. So, you might not be able to keep your favorite tabletop and pictures in your space.
Final Thoughts
While Co-working spaces are great for remote working purposes; they might not be the best solution for everyone. But some might find an affordable and well-equipped space to work. It depends on the professional needs of every individual who is looking forward to working in co-working spaces.
