Shared office spaces, also called coworking spaces, have become popular. As the name suggests, they are shared spaces where individuals and teams from different professions or organizations work together. Coworking spaces are especially useful for freelancers and small businesses just starting out, as they need not worry about investing in separate offices to work in. But that’s not their only benefit. Shared office spaces also have several amenities, promote networking, and offer other exciting features.

1. Have different workspaces
Unlike traditional offices, coworking spaces do not require individuals to sit in the same spot every day. Instead, they offer various kinds of workspaces, including open desks, private offices, and conference rooms. They also have more dynamic and relaxed seating options, such as hot desks and lounges, which are much better than cubicles in traditional offices that feel restrictive. Individuals and teams can select their seating arrangement according to their preferences and keep changing from one setup to another. Coworking spaces also have private offices for those who need to attend meetings and conference calls without disturbance.

2. Provide networking opportunities
Since individuals and teams from various professions use coworking spaces, they all have a chance to connect and share ideas. This setup is especially beneficial for entrepreneurs and freelancers because it increases their chances of meeting potential clients and like-minded people to collaborate with. Many coworking spaces also organize special events like lunches and workshops, encouraging interaction among those working there and helping foster professional business relationships.

3. Give access to necessary resources
One of the biggest benefits of a coworking space is that it gives individuals access to all necessary office resources, including ergonomic chairs, a Wi-Fi network, and private conference rooms. They are also equipped with coffee and vending machines, so individuals can always have access to refreshments without paying extra. Many even have lockable storage and surveillance cameras installed on the premises to ensure the security and safety of everyone working there. All of these amenities and facilities help one work better.

4. Are economical
Small business teams, especially those just starting out, often have a limited budget. So, renting a new office space—with the added expenses of utility bills, internet, and new furniture—can be expensive. Here is where coworking spaces can prove beneficial. They accommodate several small teams in exchange for monthly rent, depending on the number of employees. The rent one needs to pay for the coworking space is less than the expenses of renting a new office. This allows startups to save and reinvest the money into growing and expanding their businesses over time.

5. Have flexible rental plans
Most shared coworking office spaces have lease and rent contracts, so individuals and teams must sign an agreement to use the space for a specific time. But one of the best things about these agreements is that one need not stick to annual or quarterly rental plans. Coworking spaces offer rental agreements for as little as one month or even a day! So, freelancers and new business owners who need to use a conference room to conduct a client meeting can book the facility for a single day. Such one-day booking plans also allow individuals to check if the working space and the environment feel comfortable before they sign a long-term lease agreement with them.

6. Increase productivity
The positive environment that coworking spaces create can be a real productivity booster for working individuals. Here, one is surrounded by other people who are always focused on their tasks, which helps one stay motivated and focused as well. Most coworking spaces also create the perfect environment for working with optimal temperatures and natural light, which significantly help one stay energized and refreshed. Also, working from home is not easy for everyone. Many struggle with feelings of isolation when working remotely, which eventually affects their productivity. Being in a coworking space surrounded by like-minded individuals can help them overcome this feeling and become more enlivened and motivated to work.

In conclusion, a coworking space can benefit individual workers and small business teams. Since these spaces have also become highly popular, it is quite easy to find them and make a booking for oneself or the team. That said, one should research before choosing a shared coworking office space because not all are alike. One should check the details of the facility, such as its capacity and amenities offered, and read reviews. Visiting the office in person can also help better understand whether the facility has all the features promised on its website.