The coworking model is attracting remote workers out of their homes with all the benefits and features a flexible office space provides.

The numbers don’t lie: the coworking movement is here to stay. The total value of the coworking sector is tipped to increase by 18.9% to be worth over $16 billion by the end of 2022, leading many experts to predict that coworking will replace remote work.

Certainly, the COVID pandemic and ensuing lockdowns taught us much about the importance of coworking and its benefits. As more and more people return to the office, even amidst the Great Resignation, it’s important that businesses quickly come to terms with what employees want from their workplace.

The advantages of coworking for workers

For independent workers, coworking has a lot to offer. First and foremost, it allows workers to socialize and network with like-minded individuals from different organizations. This can lead to the exchange of ideas, knowledge, and skills, which can benefit both the individual and their employer.

Coworking can also help workers to boost their productivity. In a recent survey of over 500 coworking members, the majority of respondents stated that the coworking space helped boost their productivity levels, create new connections, which in turn improved how they felt about their work.

The advantages of coworking for businesses and entrepreneurs

There are plenty of reasons to cowork, whether you’re a business or an entrepreneur. For businesses, coworking can help to improve staff retention and satisfaction rates by providing employees with more choice and flexibility in how and where they work. Here are some more advantages of coworking for businesses:

Cost-effective

Coworking is often more cost-effective than maintaining a traditional office, especially for small businesses or startups. With a coworking space, you can avoid many of the overheads associated with running an office, such as rent, utilities, and cleaning costs.

Flexibility

Want to scale up or down depending on your business needs? No problem! Coworking spaces and virtual offices offer businesses the flexibility to do just that. Plus, there’s no need to worry about long-term contracts or hidden fees – most coworking spaces offer month-to-month memberships. And for that, you can get unlimited access to spaces such as shared office space, private offices, and meeting rooms.

Improved productivity

Looking for more collaboration and creativity in your business? Coworking may be just what you need. Unlike traditional offices, which often feel stuffy and isolating, coworking spaces are designed for collaboration and creativity. With hot desks, shared meeting rooms, and a variety of networking events, coworking spaces provide the perfect environment for businesses and entrepreneurs who want to get the most out of their workday.

All of these benefits are great, but perhaps the best part of the coworking environment is the community it builds. When you join a coworking space, you instantly become part of a supportive community of entrepreneurs and business owners. This community can offer advice, mentorship, and support when you need it most.

Final thoughts

Collaborative working is here to stay. Different companies around the world and around the US, from San Francisco to Florida and everywhere in between, are making the transition to their first coworking space and reaping the rewards.

Choosing the right workplace is essential to ensuring your company’s success. A workspace that is efficient and comfortable will help your team to be productive and collaborative. At Lakeside Workspaces, our flexible workspace options support companies of all sizes and stages in Florida to succeed. From private offices and coworking to virtual offices and meeting rooms, we have a solution that will fit your needs. Get in touch with us today to book your tour and see how we can help move your business forward.