Smaller firms can rent shared office space from a company that owns or manages large temporary office space. If a company rents a large area but only uses two-thirds of it, the remaining one-third can be rented as coworking space. As a cost-cutting tactic, firms are increasingly turning to coworking spaces.
According to the GCUC global coworking report, there are 3.1 million coworkers in the world now, with the number expected to nearly quadruple by 2022. The Asia-Pacific area is predicted to expand the most..
Itam | Coworking Spaces | Serviced Offices |
Office | Open concept, collaborative workspace with shared facilities and private areas | Corporate, more privacy, each office occupied by a single company |
Design | They are more casual and frequently strive to inspire. Other lifestyle amenities such as coffee shops, yoga studios, pubs, and even movies are commonly included. | Serviced offices are typically more austere environments with less overt branding, suitable for the corporate world. |
Culture | Community managers are on available to assist members in adapting, as determined by the coworking space. | The business or brand that occupies the place defines it. |
Lease type | Membership-based and flexible | Contracts normally last 6 to 12 months. |
What began as an appealing alternative for freelancers and individuals who felt alone while working from home has since grown into a global trend among companies of all kinds. Coworking space is used by a variety of people, including:
Going to a coworking space provides you with a dedicated office, you to focus on your work with less interruptions. If you request it, some coworking spaces will even provide you with a private workspace. At my coworking space, I actually employ the flexible work space option. As a result, I have access to a variety of work stations located around the facility. Please contact us.