Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Business

WHY COWORKING IS RISING IN POPULARITY

WHY COWORKING IS RISING IN POPULARITY

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 coworkingcentres 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 it out to see if it meets your requirements.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post