9 Pros and Cons of Coworking Spaces

Workplaces have changed. That's an understatement. Work in 2021 has been completely redesigned, turning traditions on their heads. We figured out how to work with pets and kids and still show up and kick butt. During this time, people are more interested in coworking spaces. What does the future hold for coworking? We agree. But first, learn the benefits and drawbacks of coworking.

Because Coworking Connection is all about our clients' success. We want to provide you with a place where you can not only get everything done, but also thrive. We want you to make this decision with full awareness, and we want you to succeed massively. To learn more about coworking spaces, read on.

Coworking Spaces Are Cheap

Simply put: If you have a team or need to meet clients, you need a professional office. But renting office space can be costly. You must manage maintenance, utilities, equipment, and rent. coworking space is less expensive than leasing office space. Most coworking spaces offer affordable membership options ranging from monthly desk rentals to annual office or cubicle rentals. Coworking spaces also provide necessities like Wi-Fi, printers, conference rooms, and more, so you get all the perks of an office for less.

Your budget may not be ready yet.

While coworking spaces are less expensive than leased offices, your budget may only allow for a home office. If you're self-employed and don't need to meet with clients in person, consider working from home or a coffee shop until your budget allows it.

But don't forget about the benefits. Even on a tight budget, you might want to consider coworking. Rent a desk or cubicle for a day or two each month to give yourself more space, peace, and comfort to work. Long-term, more efficient work days may increase your income.

Pro: Options

It's common for coworking spaces to offer flexible plans. Your business grows and you need to hire more people? Upgrade to an office or more desk space. Rent an office for a few days a month for client meetings.

Keep costs low and work flexibility high. You can also change your plans quickly because there are no upfront fees or deposits.

Not to mention the freedom to work whenever you want. Work late into the night, wake up before the sun, or work regular hours — the space is there when you need it.

Pro: Boost Credibility

Owning a business requires credibility. A coworking space can provide you with a professional address, meeting rooms, and office space.

If you work with clients, your credibility will suffer if you hold meetings in your basement or at the library. Get a coworking space for meetings without the overhead of a leased office.

Pro: Boost Productivity

We learned that we love baking bread during pandemics. Coworking spaces increase productivity by enhancing efficiency. People are striving for success all around you. Your location automatically boosts your productivity.

A coworking space's culture is also very supportive. People from various industries cheer each other on. You'll get a boost of energy that your napping cat at home can't give you.

With a coworking space's amenities like hot coffee, free WiFi, printers, mail distribution, onsite support, and a clean breakroom and bathroom, you can focus on your work.

Difficulties

The buzz of productive, supportive energy in coworking spaces may not be for everyone. If you need complete silence and to work in your PJs, a home office may be ideal.

Private offices in coworking spaces have their own power. We won't judge you if you come in your PJs, but you might be more productive in a professional setting.

Networking Possibilities

“Build it and they will come.” They will show up if you build an office for hardworking, creative professionals.

And that's a good thing, because ambitious people from different fields will want to expand opportunities by looking to others.

Working in a leased office limits your networking options. Coworking spaces, on the other hand, bring people from various industries together. You can't help but meet someone who can help your business.

Not Everyone Will Like You

In a coworking space, you can meet a lot of people, but that doesn't mean you'll like everyone. You may not get along with everyone in the coworking space. But don't panic. This can happen anywhere; your coffee shop corner may also bring unexpected encounters into your workday. In a coworking space, you can at least move to a more private work area if someone bothers you.