10 facts no one will tell you about co-working spaces

1. 10 facts no one will tell you about co-working spaces Co-working spaces have changed the whole landscape of office space for rent. Office space for rent is now shifting more to co-working space. But why is that? Why all of a sudden there is such a huge change in the office working culture to make the co-working space to become an integral part of office space for rent? There are a lot of facts that you probably aren’t aware of about co-working space and why there is such change in office space for rent. Rise in number of entrepreneurs. The most amazing fact that no one will tell you about the rising demand for office space for rent in the form of co-working spaces. The reason for is that there has been a significant rise in the startup and entrepreneurship sector. Entrepreneurs are one of the sole drivers who look for office space for rent which offers co- working space. This has truly expanded the scope and demands for office space for rental by including the co-working space in its ambit. Higher returns This is another fact that no one will tell you about co-working spaces. An office space for rent with availability of co-working space is more fruitful. It offers high returns in various forms.

2. Now popularizing co-working space is very helpful for an office space for rent. It offers higher returns to the co-working space as compared to a traditional office space for rent. Whenever a person has an office space for rent they usually lease it to one company for a long time. It is a great option. But what if the lessee due to any circumstance cuts the lease off? What will be your option then for your office space for rent? Exactly! Find some other company to lease the office space for rent. But there is a catch. You don’t find companies willing to lease the office for rent that easy. So worst case scenario your office for rent remains empty until some company agrees to your terms and leases your office for rent. But on the other hand if your office for rent is available as a co-working space then it offers a lot of perks. Firstly your office for rent will be given to multiple companies at one. Thus even if one of the companies decides to move out of the co-working space it is usually not much of a problem. Since you still have the other companies in the co-working space for the time being. And in the meantime your office for rent will be available for other companies to rent out as well. So you have a steady income source from the co-working space. Unlike the traditional offices for rent where you have options for only one tenant and are at a disadvantage when they leave the office space for rent. So this fact of higher returns and stability makes things better for you as a co-working space owner. Good for your mental health A co-working space is actually good for your mental health. Most people will not tell you this fact regarding office space for rent with co-working spaces. But it's a surveyed fact. Almost 70% of office goers stated that office space for rent which offered co-working space was comparatively easier to work at. They said that the co-working office environment lets them focus more on work and be more stress free along with the people around them. Builds up network of people

3. We all know networking is important. Since our net worth is decided by our network. The more people we know who have great value to provide the better. And yes you guessed it right a co-working space does that exactly. But sadly most people have the contrary belief regarding co-working space. You can actually build a great network of people at a co-working space available at any equipped office space for rent. But that is a hard fact that you will need to work towards building such a network at a co-working space. In-house cafeteria An office space for rent has a lot of options. But finding the right one can be difficult sometimes since they come in all shapes and sizes with all perks and qualities that an office space for rent must have. Talking specifically about co-working office space for rent, there is one thing that is a must. And that is the inbuilt in-house cafeteria exclusively for the co-working space staff. The co-working office space for rent gives you the freedom to satiate your hunger pangs in the middle of the work without moving out of the co-working space. Flexible work hours The co-working office space for rent has a great option of flexible work hours. The traditional office space for rent usually does not offer such perks to its employees but depends from case to case. However, in a co-working space these things are a lot flexible since the companies have less employees as they are usually small businesses or startups. So the employees are a lot happier working at a co-working space. Social and work life balance made easy The social and work life balance is something that most of the office goers struggle with. And that is because the office space for rent has a lot of rules and regulations. On top of that most companies have a very formal and rigid code of conduct which when clubbed with the office space for rent rules makes it taxing for the employees to manage their work and social life balance.

4. But it is not difficult in co-working spaces. The biggest reason for this is since offices tend to be more informal and build a flexible ecosystem which is better for the employees. So unlike seasoned companies, the emerging companies and startups tend to prefer office space for rent which is a co-working space in nature. For both millennial and seasoned employees It is a fact that mostly startups comprise of younger and inexperienced employees and 90% of the workforce in a co-working office space for rent comprise of such employees. However a company having experienced and aged employees can equally enjoy all perks offered by a co- working space. So it is a fact that a co-working space is for both millennial and seasoned employees. Customizable office space One of the facts that most people do not believe is that office spaces can be customized to suit your needs. That is the case for big permanent office space for rent but not the co-working office space for rent. Since you do not require the whole office space for rent or work, you can always ask the owners to make arrangements in the way that you want. You can even throw up some bean bags instead of chairs in your allotted co-working space without worrying about anything, as long as you don’t do any structural damage. Cost effective You share a lot of amenities together with the other companies within the co-working space. So the rental, electricity bills and all other types of bills are split equally among all. This makes things transparent among the companies and makes the whole space a lot more comfortable. More autonomy Some of the decisions regarding the office for rent can be decided by the employees collectively of a particular company. This gives them a lot more autonomy and makes better understanding between the grievances of the employees and for the company to sort them accordingly.

5. Such as better commuting and accessibility options to the employees can be reached by having a collective dialogues and meeting regarding such things. Sense of collective ownership Having employees involved in small company decisions gives them a sense of ownership of the company. It acts as and incentive for the employees at the co-working space to work better when given importance as part of the organization no matter how small the company size may be. So regardless of the position of the employee entrepreneurs working at co-working spaces have such traditions which build their company strong on every level. This fortifies their whole company administration early on. All thanks to the coworking space ecosystem such practices encourage the other companies in the co-working space to adopt these little community building exercises and strengthen their company employees.