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What is coworking space? We tell you

Coworking Space

What is coworking space? We tell you

There are many rumours about the coworking space. Therefore, we have decided to clear up some doubts and get down to work to give you a little introduction to this world and teach you the basics of coworking, as well as its implications for office managers and facility managers. coworkingand its implications for office managers and facility managers.

 

WHAT ARE COWORKING SPACES?

Walking through one of these spaces, you'll quickly realise that it feels different from a traditional office. The smell of freshly brewed coffee in the air is only surpassed by the electric atmosphere that the energetic coworkers bring to the place, with that mix of those who are more focused at the fixed workstations and those who engage in interesting conversations at long shared tables in the flex zone. This is the culture of a coworking space.

These are essentially shared workplaces where the philosophy of co-operative work is promoted. They offer affordable space for professionals looking to escape the isolation of their home office or a coffee shop. They all provide different services; from flexible or fixed workstations, to meeting rooms, office rentals, kitchen, coffee and much more. They often even offer a community. The occupants of these coworking spaces are often freelancers, entrepreneurs, start-ups who want to work in a flexible place that encourages the exchange of ideas.

👉 We tell you in depth what a coworking is

Price is another major attraction. One of the advantages of these co-working spaces is the possibility of renting only what you need, as opposed to a complete office, which can be more expensive, especially in large cities such as Madrid, Barcelona or Valencia.

Costs are usually flexible, both in daily and monthly rates. These costs also differ depending on the type of service contracted, e.g. between a flexible and a fixed position.

 

WHO USES COWORKING SPACES? :

SELF-EMPLOYED

The coworking space offer the best of both worlds for this professional profile: on the one hand, they can choose their own working hours and, on the other hand, they can choose their own working hours, breaking out of isolation and loneliness. Otherwise, the self-employed would be forced to work alone at home or in a café, creating a sense of community that makes them great ambassadors for this type of space.

START-UPS

Start-ups appreciate the flexibility of coworking spaces, as they do not have the costs and commitments that can come with a traditional office. Small teams have the opportunity to network, interact with coworkers and help other entrepreneurs find a co-founder to help them launch their own start-up. You just need to connect with the right people at the right times.

SMES

Coworking spaces are perfect for these companies. The reason is that the managers of these spaces not only create synergies between coworkers through events, talks, etc. but also with external professionals, which is a great help for the development of the SME.

 

THE CONCEPT IS WORKING WELL

Co-working spaces provide a great deal of flexibility for small and medium-sized enterprises. There is a connection between what the space offers and the goals of freelancers and start-ups.

A group of researchers have conducted a study on the effects of coworking on productivity, the results of which can be found in the Harvard Business Review. This research demonstrates the great connection between professionals who work in shared spaces, compared to those who work in a conventional office. So much so that they decided to delve a little deeper into the subject and discovered that the attitudes of people who use coworking spaces are different from other types of professionals, demonstrating more control, more meaningful work and an unprecedented sense of community.

 

BIG BUSINESS IS JUMPING ON THE BANDWAGON

Coworking spaces have proven to work well with regular users. For that reason, there has been a recent adaptation of these coworking-minded places to attract large, forward-thinking companies that are already starting to use these spaces whenever possible.

Companies like WeWork (which recently received a $16 billion valuation) are looking to attract larger-than-usual companies to their coworking spaces. coworking space. According to Bloomberg, firms such as KPMG, Merck and General Electric are already using their spaces. In the case of KPMG, this company offers a strategic advantage by renting 75 seats, given that it is involved in the community, advises start-ups and researches in technological innovation projects.

For other professionals, the flexibility provided by these spaces is an advantage, both in terms of administration and cost savings, as excessively long leases are not required.

 

THE ANSWER TO THE TRADITIONAL OFFICE

Once large companies join a new trend, their logical progression is to internalise the practice. Will we see facility managers creating coworking spaces within their own offices? If so, the most important success factor will be their ability to replicate the coworking culture.

The spirit of shared spaces is conducive to organic collaboration and building relationships with other coworkers. This is their core value as they allow different people, with unique skills and talents, to connect and collaborate.

coworking

The other advantage lies in the fact that the concepts of freedom and flexibility are in their DNA. The genesis of the coworking was based on understanding the needs of the SME world and the self-employed professional in order to connect them. However, design is only one aspect. What makes them different from others is the culture. Some companies may have similar office spaces, but they do not have a collaborative working mentality that encourages collaboration with different departments.

One effective strategy to combat this barrier is to bring the culture to you. One Michigan-based company, Menlo Innovations, did exactly this when it added 7,000 square metres of coworking space to its office and invited start-ups and other professionals to work alongside its team. Logistics permitting, this is a win-win. Start-ups can get an affordable and flexible location, while larger organisations foster innovation in their workplaces.

 

THE FUTURE OF WORK IN 9 TYPES OF COWORKING SPACE

1. All-inclusive luxury coworking

They are usually located in the centre of larger cities and have very nice, professionally designed interiors. They have community managers on staff and tend to cater to established businesses or well-funded start-ups. They are the most expensive among coworking spaces.

coworking space

The communities of this type of spaces are usually divided by floors or by the different services they offer.

2. Traditional" Coworking

Most coworking spaces fall into this group and can be of any type, size or location. The space is well organised, but may not be professionally designed. Sometimes they have a community manager on staff. They attract many different types and sizes of companies, but most of them do not exceed 10 employees.

flexible coworking positions

Often, their entire office occupies a floor or two. These are not large spaces, but they can build an enriching culture because all professionals are together in the same area, which fosters collaborative work. Events and proximity to colleagues bring teams and the community together, as well as directly affecting the way everyone interacts.

3. coworking Minimalist

These are the smallest spaces. They offer the most basic services: coffee, tea, wifi, desks, etc. Often , the founder of the space is also a coworker who wanted to build a community or work with other people, while lowering their office bills. Many coworking spaces start this way and then grow into a larger structure.

co-working

The atmosphere of these places depends very much on the founders, their events and their users. Most of these spaces have a close-knit group of people, are quiet, open and welcoming places.

4. Minimal coworking

These are places that only have wifi, desks and a space to work. Sometimes they may include coffee, but often not even that. Events often consist only of meetings and community events. They are almost always the cheapest option.

5. Hotels

Until recently, the hotels I had researched with "coworking space" were only using the term coworking as part of their marketing plan. They were only offering a traditional business centre, but more up to date or a better looking lobby work area. That is the main reason why, until now, we have kept hotels off the list of coworking spaces.

inspiring coworking spaces

We turned to Mr Google and borrowed the experience of the Nest space, a coworking space located in the Tryp by Wyndham hotel in Dubai.

The experiences we gather from this place is that they create a feeling halfway between luxurious, all-inclusive coworking and traditional coworking. Hotel amenities (swimming pool, gym or restaurants) can be used as part of the service. This is exactly what we expect when we think about how hotels and coworking can be integrated.

6. Restaurants or cafeterias

If people don't work from home, they will eventually end up in a coffee shop, so I have taken the liberty of adding this option.

The place we tried was Federal café is a place to work or a place to meet friends, while enjoying the huge variety of food on offer.

The place is spacious, surrounded by windows that make it very bright, the decoration is very welcoming, generating various spaces ranging from the classic stool area, through low tables and chairs for coffee with a touch of intimacy, other higher ones where you can eat and a huge communal table in the centre where you can sit whoever you want. There are all kinds of people there, from students, to readers, to people working with their laptops, and so on.

coworking space

I have also been to Starbucks, VIPS and other local coffee shops and have had both good and bad experiences. I have experienced problems making calls, but meetings and reading are not a problem. In the end, I ended up spending more money in coffee shops than in coworkings, because between coffees and pastries....

7. Coworking within a company

This is not exactly a novelty. It consists of a business that has a space that it is not using and that another company can rent.

These places can function as other coworkings or as several completely separate offices. But I have found that, when the site seems temporary, coworkers do not care and are not very committed to the vision and growth of the community.

co-working space

8. Staples / Big Box Stores

I just read an article about an apartment building in New York City that has converted its business centre into a coworking space. I like the idea of creating such a place in an apartment building. Colivings and coworkings are wonderful.

I need enough distance and space to feel that I have a separation between the two and that I am not trapped in one place. However, I have had nothing but great experiences in such offices that are truly inspirational spaces.

what is coworking space

9. Logistics centres / Coworkings in warehouses

Traditional" coworking spaces do not usually have a lot of space to store products that need to be shipped on a daily basis.

For companies with this need, one solution is to adapt a warehouse where meetings and administration tasks can be carried out in an office environment, while an area at the back can be set up for sending and receiving parcels.

co-working spaces

Do you know of any coworking space models that we have overlooked?