REASONS FOR THE POPULARITY OF COWORKING SPACES

• 28-01-2022
• By Aman

What is Coworking? Who can use these spaces, and what has led to its popularity over the past few years? Do you know that in 2005, when this idea was born, only three coworking spaces existed in the world? Today, in 2020, there are more than 26,300 coworking spaces globally, the majority of them being in the Asia Pacific.

It is no longer a word; it is a way of doing business. In India alone, there would be 13 million people working from coworking spaces by 2022.

What do you mean by this Coworking?

To put in simple words, when a group of individuals work together, sharing a common space, but for different purposes and business ventures, it is termed as Coworking. This concept originated in San Francisco in 2005, and today it has become a billion-dollar industry in itself. You must have heard of Regus or WeWork; they are the industry leaders.

Who can use coworking spaces?

Practically everyone! Freelancers, entrepreneurs, self-employed people, and employees of corporate companies can share a coworking space. It is much better than working from home or the corner at Starbucks. Any business or professional work needs space, but often it is challenging to manage an office due to scarcity of funds or lack of available commercial spaces. Here come coworking spaces, bridging the gap between the coffee shop table and traditional office space.

These spaces are professional, fun to work, and would connect you with like-minded people. This concept has revolutionized the way we work. Gone are the days of traditional office spaces and cubicles. People prefer spaces with a creative environment, designed-focused areas, great architecture, and plenty of recreational activities. 

Why are Coworking spaces so popular?

By now, you have understood that the concept of Coworking is fascinating, and it is trendy today. But why so? Why does research show that people become more productive working from coworking spaces? Employees tend to be more efficient and happier than counterparts working from a traditional office. Let us discover the reasons for the rise in its popularity.

• It gives you a base to start your business. Many entrepreneurs need to meet their clients or investors. You cannot meet them at your home, and a coffee shop offers too much of a distraction. Hence a well-decorated coworking space is the best place where you would want to meet your clients.


• This way of working introduces employees to a community of like-minded individuals. When you regularly connect with these people, you build your network, and it gives room for more innovation and creativity at work.


• Coworking spaces understand the vibes of their workers. There are plenty of events, workshops, and talks to upskill and motivate people working in a coworking space.


• Freelancers and entrepreneurs need to keep distractions away while at work. Be it at home or a pub or a coffee shop, you are always surrounded by people, and there tends to be a lot of unwanted noise and disturbances around. Coworking spaces give a peaceful and dedicated environment for work.


• Some coworking spaces engage in mentoring sessions to help the members increase their productivity. It is a massive incentive of working in such spaces


• Your business space must be located in the heart of the city. Most coworking spaces are present in excellent locations, with fantastic connectivity. 


• Coworking space gives you physical space for storing items related to your business rather than cluttering them at your home. It gives you a professional look and accentuates the brand image of yourself or your company.


• If you have an upbeat decoration, stunning interiors, and modern equipment and furniture, work is going to be even more fun. This fosters an environment where creativity flows and productivity rises.

And did I forget to mention, every space has a shared kitchen area for tea, coffee, snacks, etc.  What more does someone need!