What does buying a house have to do with cowork space? Well, you can find a 4 bedroom home with 1 bathroom in a regular neighborhood or you can find a 4 bedroom home with 6 bathrooms in a luxury neighborhood. The nicer home is going to cost 10 times as much as the basic home, but essentially they provide the same thing, somewhere to come home at night and live.
Within the world of office space, the variations have traditionally been much less. Most office buildings looked the same, felt the same and operated the same which is why Coworking has risen to change the marketplace so significantly. Now, you have multiple choices for your business needs.
You can choose traditional but potentially uninspiring space with long-term obligations, high upfront move-in costs with little flexibility for growth or change. Or you can choose flexible, amenity-rich locations that remove friction, take care of facility management and are built around the openness of community and human interaction.
When compared in a holistic way, incorporating all the true costs in securing and running your own, traditional space there are simply benefits in traditional space that outweigh the value a professional, large scale cowork space brings.You’ll likely find better, higher class locations with incredible interior design, every amenity you could reasonably think of and amazing operators that care about your success, actually working behind the scenes to help you grow your business.
Complimentary workshops, coaching and mentoring, networking events and mixers all provide great opportunities to build meaningful business friendships while helping your personal growth. Staff members that offer support, helping to connect Members and opportunities while taking care of day to day facilities help keep you focused on your business, creating additional time which is the most valuable commodity of all.
Finally, the flexibility to grow and shrink your space needs in line with your business without penalties means you’ll never be overpaying for space you don’t need, or be stuck in a space that’s too small, with no way out for years to come.
Just be sure to find a reputable, larger scale cowork space that’s more than a glorified coffee shop. Not all cowork spaces are equal!