In 2019, there were more than 3 million coworkers globally. Out of which, the IT industry held the most significant percentage, followed by PR, marketing, and sales. And this number is expected to grow 2X by 2022.

These increasing numbers are a result of three primary factors – practical, financial, and cultural. But what are coworking spaces? Are these really as beneficial as these statistics suggest? Let’s find out!

What Are Coworking Spaces?

The name is pretty self-explanatory. Simply put, coworking spaces are a service that simplifies the transaction of assessing and occupying a workspace wherein you work alongside like-minded people from the corporate environment.

Why Use Coworking Spaces for Rent?

Apart from the significant cost-reducer, coworking spaces also provide benefits such as:-

• Good Old “New” Fashioned Flexibility

Most coworking spaces don’t have a lot of strict rules, whether it is in terms of contractual terms and conditions or workspace policies. However, some may be newly enforced due to the Covid-19 pandemic, like social distancing and proper sanitization. So you can easily book a private desk, a lounge seat, and even an entire floor based on your business requirements without being accountable to anyone.

Moreover, it’s easy to scale your operations as coworking spaces for rent offer hassle-free plan switching. So one month you can remove a private desk and add a virtual seat, while the next, you can add 2 or 3 lounge seats as required.

• Excellent Networking Opportunities All Around

“Your network is your net worth.” – Peter Gale.

Networking is not just about collecting contacts; it’s about planting relations. And coworking spaces are an excellent place to do that. Whether you are an architect, a marketer, a lawyer, or a doctor, being around like-minded people can actually help your business grow with networking. After all, it is an unwritten rule of success in the business world.

Moreover, who knows, you may even find potential clients or partners who may be able to help you with your projects.

• Coworking Spaces are a Productivity Booster

The latest survey found that 84% of coworkers are more motivated while operating out of a coworking hub.

Coworking spaces are high-energy places where people work with a lot of creativity, productive energy, and enthusiasm. So by immersing yourself with purpose-driven talent from almost every industry, you can stay motivated and more inclined to work, ultimately increasing productivity.

• Amenities On The Go

Let’s paint a couple of pictures:-

• Let’s say you have rented out a space in a corporate building. You’ll have to set up the furniture, take care of the electric bill, pitch in for pricy wifi plans, and of course, go out to grab a snack or a quick cup of joe.
• Let’s say you have opted for coworking spaces. You’ll have a snack bar inside the premises, so no need to go out. You’ll even get a gym, parking at reasonable costs, hi-tech conference rooms, and most of all a high-speed internet connection, which, as you know, is a necessity to work in today’s digitally-powered world.

Still Think Coworking is Not a Great Idea?

Well, think again. Do you really want to give up on saving approximately 30% on operational costs? Do you seriously want to pass up the opportunity of expanding your professional network and as a result, your business?

If you want to reap all these above-mentioned benefits and more, start scouting Google, the almighty for coworking spaces to rent, and find one that fulfils all your business requirements.