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Benefits of Coworking Spaces

More than a mere buzzword, coworking is an alternate to the conventional workspace setup that is increasingly gaining popularity on account of striking the perfect balance of tangible and intangible benefits for both the parties i.e. the space users and the space owners.

Enjoy the ultimate benefits of coworking by finding or registering a space with the help of our platform - Coworkingbird
The reason behind coworking’s success is that the overall benefits outweigh the overall drawbacks. Coworking offers a host of unique benefits to either of the two parties ranging from flexibility to cost-efficiency and from additional revenue to increased space-efficiency.

Coworking Benefits for Space Users

The primary users of the coworking space are the location-independent professionals such as freelancers, entrepreneurs, remote workers, and digital nomads yet the coworking model is equally popular with a broad range of professionals and businesses of varying scales.

Nothing is more valuable to the location-independent professionals than the freedom and flexibility to work on their own terms. Coworking allows such users to subscribe for the coworking variant (such as a hot desk or a dedicated desk or a private room) of choice such that it is in line with their requirements along with a time slot and days of the choice. The absence of a lease agreement allows the users to completely capitalize on the transient nature of such workspaces. Flexible workspaces lead to substantial cost-savings on account of the absence of upfront lease payments, pre-loaded amenities, and shared overheads, which enable the users to utilize the limited funds elsewhere.

This is particularly favorable for small-scale businesses and professionals who can save the cost of owning, setting up, and maintaining the space albeit working in a professional setting.

Coworking counters the loneliness of working from home in seclusion and offers a distraction-free environment to concentrate on work-related projects. Furthermore, it provides a communal platform to network, socialize, and collaborate with like-minded professionals. These interactions amongst the users from various walks of life result in the cross-pollination of ideas, information, and work (such as referrals).

Moreover, the non-traditional setup and a host of varied interactions also provoke creativity and stimulate productivity.

Benefits of Coworking Spaces
Flexibility
The freedom to work at one’s own terms, at a space of choice, and a time of preference.
Affordability
The cost-efficiency on account of saving the upfront lease payment, pre-loaded amenities, and shared overheads.
Networking & Collaboration
The communal space to socialize, network, and collaborate with fellow-like minded coworkers.
Business growth
The breeding space for businesses and professionals alike through the meaningful exchange of ideas, information, and work.
Enhanced productivity
The vibrant coworking setup and thriving community strikes innovation and stimulates productivity.
Better focus
The distraction-free environment offers the chance to concentrate and pay attention to the details.
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Coworking Benefits for Space Owners

The increase in demand for coworking spaces has led to an increase in the opportunities for the space owners. For the space owners, coworking optimizes space efficiency as it converts the unused or vacant space into a successful and running business investment as the model offers an attractive value proposition. It offers flexible lease agreements and pre-loaded amenities that are sure to lure professionals and businesses alike. Hence, the model brings about efficient utilization of space and resources with immense upside potential for growth.

Coworking results in higher revenue as indicated in the net operating income as compared to the conventional lease arrangements, keeping the size of space constant. The rental income per square foot has the potential to be much higher as the users are willing to pay more against the value they drive out of the space.

When properly developed and presented, coworking spaces that are nicely designed and well-equipped tend to stimulate productivity and creativity. Given they fill the needs of the users, coworking spaces tend to retain users for longer, resulting in improved occupancy. Coworking also increases the footfall to a vacant building or retail space leading to enhanced exposure and better commercial prospects.

The model of coworking also shifts the load of day to day logistical operations from the domain of the space owner to the space operator. The space operator usually has a dedicated manager who manages the logistical and technical aspects of the shared workspace. The model is also seen to be linked with an increase in property value and better building credibility.

Benefits of Coworking Spaces
Space efficiency
Coworking allows an idle space to be transformed into a viable business investment through the provision of top-notch amenities and services.
Higher revenue
The rental income per square foot from coworking is higher vis-à-vis the traditional lease arrangement.
Improved tenancy
The users of coworking space are more probable to stay for longer against the real value they drive.
Increased footfall
Further to its transient nature, the variety of users who visit and use the space lead to enhanced exposure and better commercial prospects.
Logistical convenience
The burden of logistical operations rests with the space operator who has a dedicated manager to supervise and manage the facility.
Increased property value
Coworking is linked to increase the commercial real estate value as compared the average across the market.
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EXPLORE COWORKING SETUPS

HOT DESKS
Hot desk is a flexible workspace arrangement that allows different occupants to utilize the desk at different times, on an ad hoc basis.

It results in improved communication, increased collaboration, and a higher degree of autonomy for the users.
OPEN SPACES
Open spaces are wide, spacious, vibrant setups that offer a stimulating environment to work, collaborate, and socialize.

Browse through our meticulously curated inventory of open spaces from around the world and shortlist the options that suit your...
DEDICATED DESKS
Dedicated desk is an organizational workspace system that is characterized by a designated desk being assigned to a particular worker, given the membership remains valid.

It hasthe provision of some personal space, privacy, and the leverage to personalize the fixed space.
PRIVATE OFFICES
(For one person) A private office for one person is an enclosed workspace amid a brimming communal space with the highest degree of privacy.

Browse through our arduously curated inventory of coworking spaces from across the world to shortlist the one that is seamlessly aligned with your preference...
PRIVATE OFFICES
(For more than one person)Private offices within a coworking space, for more than one person or a team of professionals, offer an immensely convenient solution as they are pre-loaded with coworking amenities yet provide independence to work in private; striking an ideal balance of confidentiality coupled with cohesion and minimal distractions along...
MEETING ROOMS
Meeting room is a dedicated venue for business meetings in a tech-enabled, professional setup within a flexible workspace.

It serves as an offsite space for a formal or informal session, breeding space for socialization, and a hotspot for drawing inspiration amid a creative workspace.
PRESENTATION ROOMS
Presentation room is a logistically-equipped site to conduct a formal or informal presentation that can be pre-reserved or availed on the spot, subject to availability.

It has a thoroughly professional look-and-feel that leaves a lasting image on the audience and offers endless opportunities to network with other coworkers.
CONFERENCE HALLS
Conference room is a functional space to conduct a conference that is equipped with top-notch amenities and state-of-the-art technology.

It offers a professional yet intimate setup that ensures privacy, a positive impression on stakeholders, and opportunities to network.

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