Co-working office spaces are becoming an increasingly popular option for businesses of all sizes, from small start-ups to large corporations. These shared workspaces offer a range of benefits, such as flexible leases and access to events and facilities. Small and medium-sized businesses are likely to benefit the most from Co-working Office Space, as they are not tied to long leases and can take advantage of all the events and facilities available. Events such as those held at The Business Exchange include networking and mentoring opportunities, while tenants have access to facilities such as gyms, meeting rooms, cafés and hotel restaurants. Working in a traditional office environment can also provide access to benefits that wouldn't be available in a shared workspace, such as fitness classes, free lunches, and celebrations with co-workers.
However, many people feel overwhelmed by constantly working in the same environment and on the same schedule. Coworking spaces offer small businesses, independent contractors, and other workers a space to work, network and participate in the local business community. It allows companies to access a professional workspace without having to pay for expensive office space. The largest and most established companies have already recognized the flexibility and associated savings that suppliers of prestigious office space can offer them.
Ideas about traditional renting office space and centralizing the workforce are becoming more outdated as companies and industries of all sizes see the many advantages offered by flexible, shared office space. It offers small businesses, freelancers, remote workers, and emerging teams the opportunity to get their work done and establish contacts with companies that benefit them. Employers and employees can establish meaningful relationships with companies to lead to potential joint projects or receive useful business practices. Coworking spaces also provide access to benefits that wouldn't be available in a traditional office environment, such as networking events, mentoring opportunities, gyms, meeting rooms, cafés and hotel restaurants. Working in a shared workspace allows people to create their own structured schedule and interact directly with their colleagues and supervisors for many reasons, such as getting clear direction and forming friendships.
When the concept of renting shared office space first came to South Africa, most people saw it as an opportunity for self-employed entrepreneurs to move from cooking to something more professional. Remote working under conditions of confinement has transformed workspace models and has provided a new way of thinking about flexible co-working space or what is also known as “co-space”. Coworking spaces are the perfect platform from which start-ups can contact and learn from more experienced companies. Leasing this shared office space is not only an economic decision but also an effective strategy for business growth. It has been interesting to see how many different types of companies at different stages of their life cycles are already successfully using the advantages of office space with all the services they rent.