NewsCase StudiesEvents

Why Coworking is rising in popularity

Also in the news...

7 Steps to Starting a Successful Business in College

Many students consider starting a business in college, inspired by the paths of successful people and the many opportunities available. Although various nuances may prevent you from achieving this, results orientation and perseverance will allow you to move mountains.

7 Popular Gibraltar Startup Companies

Though small, Gibraltar is a burgeoning hub for innovative startups. This British Overseas Territory has become attractive for entrepreneurs due to its favourable tax laws and business-friendly environment. Here, we explore seven popular startups significantly impacting their respective industries.

How AI Fashion Models are Changing the Product Modelling Business

Artificial Intelligence (AI) is revolutionizing various sectors, and the fashion industry is no exception. AI fashion models and the utilization of AI-generated images to showcase products represent a futuristic trend blending technology with creativity. This article delves into how AI is transforming fashion presentations, the benefits of this innovation, and potential future developments.

Navigating Tech Challenges in Global Expansion - Solutions for Startups

When you're steering your startup towards international waters, the thrill of tapping into new markets is often mingled with the challenge of navigating tech hurdles. From ensuring seamless operation across time zones to adapting to local regulations, the tech aspect of global expansion can seem daunting.

Guidance Living in Egypt

Information for British citizens moving to or living in Egypt, including guidance on residency, healthcare and employment.

Why Coworking is rising in popularity

Back to News

The demand for shared offices and coworking space is on the rise with the total coworking market currently standing at around £15.75 billion. More businesses than ever are looking towards a flexible way of working in order to reduce costs, increase agility and offer more options to their teams.

Coworking is said to improve productivity, with 71% of workers saying they feel more creative in a coworking space and 68% saying they are able to focus more. Instant Offices have taken a look into the benefits of coworking and how to choose a space that will meet your needs.

What is a Coworking Space?

Also known as shared office space, coworking gives SMEs, entrepreneurs and freelancers access to all the facilities and perks of conventional office space without the cost of a lease and all the hidden extras that go with it. Coworking enables people to work independently in a space with shared values and a defined culture, and is increasingly being adopted by larger organisations too.

Rising Popularity of Coworking

According to research conducted by Instant Offices and CoreNet Global in a report titled ‘Coworking, A Corporate Real Estate Perspective’ , the number of coworking centres is projected to total more than 26, 000 by 2020.

Largest Developed Coworking Markets

  • US
  • UK
  • Australia

Largest Emerging Coworking Markets

  • India
  • Brazil
  • Malaysia
  • China
  • Germany
  • Mexico
  • France
  • Turkey
  • Singapore
  • Italy

The total coworking market currently stands at around £15.75 billion.

Benefits of Coworking and Shared Office Space

  • Cost effective – only pay for the space you need
  • Collaboration and networking opportunities
  • Occupy as little as one desk, with the flexibility to expand
  • Contracts are available for as little as one month
  • Offices are furnished, pre-cabled and offer various amenities
  • Move in on the day you sign

9 Things to Consider When Choosing Shared Office Space

  • Office Amenities:Most spaces will be kitted out with standard office equipment but be sure to enquire about anything extra, like conference facilities, phone rooms, private spaces, projectors etc.
  • Atmosphere:Focus on finding an office space that’s built for collaboration and productivity. Work spaces are increasingly becoming user-centric these days to ensure a better working environment.
  • Fast Internet:When choosing a space, you want internet that provides speed and reliability, so be sure to enquire about and test the Wi-Fi speeds to ensure they’re up to scratch.
  • Perks:Many shared office spaces provide things like free tea and coffee, which is worth testing out if you’re going to be drinking it every day. Others offer perks like lunch areas, gym areas, outdoor areas for working and even free beer.
  • Security:You want a space you feel secure leaving your work overnight, so check what the security protocols are and whether your space of choice takes any specific security measures.
  • Access:Is the space open 24/7 or do they close in the evening? Find out what the working hours are so you can plan your time more effectively, and remain flexible if needed.
  • Surrounds:As important as location is to commuter routes, it’s also important for your space to be near the amenities of your choice so you can step out for lunch or hit the gym with ease.
  • Hidden Costs:Be sure to ask upfront what all the hidden costs are, from printing and using meeting rooms to kitchen space and coffee machines.
  • Trial Periods:Does your space of choice offer a trial period before requiring you to commit to a contract? If so, test itout to see if it meets your requirements.

You are not logged in!

Please login or register to ask our experts a question.

Login now or register.