Are you an entrepreneur or freelancer looking for a more affordable and flexible way to work? If so, then coworking spaces may be the right solution. Coworking is increasingly popular because it offers a variety of benefits over traditional office spaces.
In fact, it’s estimated that nearly 5 million people worldwide will work from coworking spaces by 2024 — an increase of 158% from just a couple of years ago.1 Demand for shared offices is coming from remote workers, freelancers, and companies.
onurdongel/GettyLet’s take a closer look at coworking spaces, including the benefits of working from one and ways to find discounts. Coworking office memberships have a lot to offer to a variety of workers. Here’s how Australians can get the most out of coworking spaces.
What Is a Coworking Space?
Coworking spaces are a type of workspace where members from different businesses and organizations come together to work in close proximity. A shared office typically offers a variety of workspaces, including private offices, shared workspaces, meeting rooms, and other dedicated work areas.
In the age of remote and hybrid work models, coworking spaces make a lot of sense. Whether you’re a remote or freelance worker who wants to get out of the house or you’re a company with a hybrid work model, coworking spaces are designed in a way that can meet the unique needs of today’s workers.
Benefits of Shared Workspaces
Coworking spaces offer many advantages. For instance, one significant benefit is the cost savings. That’s because shared workspaces are often more affordable than traditional office rentals. Additionally, coworking spaces provide access to both private and shared workspaces, combining the range of workspaces traditional offices provide with greater flexibility.
Many options also offer amenities like internet, printing services, and kitchen snacks. Since shared workspaces are often filled with like-minded people who are motivated to work, they also provide an environment that’s conducive to productivity and fostering a sense of community. When working in a shared space, you become part of a more extensive network.
As a result, coworking spaces can help reduce feelings of loneliness and isolation. This sense of community can help to motivate individuals to work harder and stay focused on their goals. Additionally, coworking spaces can provide valuable opportunities to network, potentially enhancing your life both personally and professionally. So, shared offices have a lot to offer.2
Downsides of Traditional Offices
Traditional offices have several downsides, including high rent and utility costs, inflexible contracts, and limited capacity for expansion. The high cost of renting an entire office space can be prohibitive for start-ups and small businesses. That’s one of the reasons smaller organizations may want to consider renting a coworking space instead of an office.
For example, the median coworking desk rate in Australia is $480. On the other hand, the median office rate per person is $633 in Australia.3 So, traditional offices are typically more expensive than coworking spaces. Renting traditional office space may not make sense for the bottom line of a wide range of businesses and organizations these days.
Additionally, traditional offices often require long-term leases. As a result, businesses are stuck in the same space for years. With coworking spaces, businesses can choose different plans with flexible contracts and month-to-month membership options. This allows them to adjust their workspace needs as their needs and workforce fluctuate over time.
Traditional offices also have a limited capacity for expansion. If an organization wants more office space, then they typically have to move out and rent a larger space. With coworking spaces, businesses can easily scale up when needed without the hassle of relocating. Finally, businesses with coworking spaces don’t have to worry about furnishing an office.4
Scoring Discounts on Shared Offices
Finding discounts on coworking spaces is a great way for Australian workers to save even more money by choosing a coworking space over a traditional office. As coworking spaces become more popular, coworking offices are competing to entice people towards their workspaces — and that often means they offer special discounts on new memberships.
Many coworking spaces offer discounts to new members, so it can pay to do some research on the different offers available. It’s also worth considering the location when looking for discounts on coworking spaces. City-based shared offices tend to be more expensive than ones located in suburban areas, so you may want to expand your search area.
Businesses may be able to score savings with group memberships. If you want a space for several employees, then it makes sense to inquire about discounted rates for group memberships. By taking the time to look for deals and special offers, Aussies can find the best deal and the right fit for their needs. Both individuals and groups can score savings.
Searching for a Coworking Office Near You
Coworking spaces offer an affordable, flexible way of working. The benefits of coworking spaces are numerous, making them a great option for a variety of workers. Beyond cost savings, shared offices provide valuable advantages like social opportunities. They can also help you feel more focused and motivated.
With thorough research and planning, Australians can find discounts on coworking spaces to fit their budget. Take some time to research your options to find the best deal and fit you can.