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Blog Post

Benefits of Co-Working Spaces

  • Date: September 16, 2023
  • Comments: (0)
  • Category: Blog
Co-Working Spaces

 

There has been an increased demand for co-working spaces in the recent couple of years, and there are numerous reasons for this increase. 

A co-working facility is defined as an office where there are tenants who share the same space and facilities, but may not work in the same company. 

You may be thinking, “why would someone want to share an office space with people they don’t know, or may not even interact with?”. Well, this blog will inform you about the reasons why someone may work in a co-working space and the benefits of working in a shared office space. 

Cost Efficiency 

Co-working spaces can provide multiple benefits to tenants, such as cost efficiency. Working in a shared office can reduce a tenants rent; this is due to the tenant not having to outlay money for utilities, such as kitchen items, intranet access, printing, desks, chairs, electricity and much more that is needed to have an operating office. A shared space provides these utilities, meaning that the tenant would only have to outlay costs for rent and their other specific needs that a shared space does not provide. 

Job Flexibility 

Job flexibility is also offered when being part of a co-working facility. A tenant is able to come and go as they please when in a co-working space, as they are able to set the times that they wish to be at the office and when they would like to leave. The co-working facility is also open whenever for the tenants, so they have complete control over their working times and days, giving them job flexibility. 

Social Benefits

Co-working environments provide various social benefits, such as more socialisation opportunities. When working in a co-working office, there will always be people around you, giving the opportunity to form relationships with other people in the office. By making social connections with people outside of your work field, there is a possibility of gaining insights, and other perspectives that you may not have encountered previously. These newfound perspectives could positively impact your work, giving new creative ideas or even building productivity. 

Building relationships within a co-working space opens one up for networking opportunities. Due to various companies and businesses being in one space together, there are always possibilities for an individual to boost their business or to make new contacts. 

Socialisation also increases when working in a co-working space and there are numerous benefits to socialisation. Humans need social interaction, but it is sometimes hard to come by. Which is why co-working spaces are ideal for individuals who want to work productively, while also being somewhat social throughout the day. 

Mental Well-Being

Research has found that working in a co-working space can improve mental well-being, productivity, and socialisation. It is proven that being around others can boost one’s mental health and well-being. Therefore, being surrounded by others while at work can be beneficial for mental health and well-being. This is due to being around other like-minded individuals and not being stuck in an office that is not environmentally pleasing.  Being in a shared office helps with productivity.

Productivity 

Productivity is improved when in a co-working environment, this is due to being around different people and having job flexibility. Having hard working people around you makes you want to work just as hard or even more so. Productivity is also boosted due to the design of the co-working space itself. Having small meeting rooms or private areas creates a productive ambiance.   

 

Being in a shared co-working space can have multiple benefits. Who wouldn’t love being cost efficient, having job flexibility, socialising and having endless amounts of coffee and snacks at their disposal? 

Contact Balance Boardroom for any enquiries that you may have about co-working spaces; you and your business deserve to succeed! 

https://balanceboardroom.com.au/contact-us/ or call 1300 282 277!