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Co-working spaces are taking over the world, from New York to Jakarta. They can offer more than just a place to concentrate and an internet connection. Digital nomads, managers, and all the people who need their creative juices flowing take advantage of co-working spaces.
The community and bonds formed in these workspaces are as important as a high-speed internet connection. The feeling of community is essential for a co-working space, therefore a growing number of entrepreneurs gravitate towards them.
If you’re thinking to move your company from your house to a more conventional space, here are some of the benefits that co-working spaces have to offer:
Cooperation
Many managers who walked the path suggested cooperation as a major benefit of co-working communities. Co-working places are often used by plenty of industries and skill sets that can prove to very useful when you are in a need of help. Entrepreneurs are more willing to provide complimentary or discounted services to others working in the same office. Basically, you can develop inexpensive innovation and maturity in a market where endless VC funding and expert support isn’t always near at hand.
Besides, co-working spaces are often referred to as “networking Eldorado.” You can hire and meet specialists from all fields; you can swap experiences with top professionals in the market and find your potential business partners with ease.
Co-working space in Sydney or Melbourne
Finding a suitable co-working space is so much more than putting a desk in a room of strangers. It’s about connecting a community of like-minded people, brushing shoulders with other start-ups and freelancers who share a similar work ethic.
Sydney
In recent times, Sydney has increased the number of co-working spaces. Some of Sydney’s top locations can give you access to some important perks like social events and member retreats as well as shower facilities. Here is a short list along with their specs:
Fishburners, Ultimo
- Price: hot desks $300/m +GST, permanent $400/m +GST
- Internet: 500mbps
- Description: focused on start-ups featuring unlimited tea & coffee, free wine, beer & cider, and shower rooms.
Hub, Darlinghurst
- Price: hot desks $300/m +GST, permanent $650/m +GST
- Internet: high-speed fibre internet
- Description: the most established coworking spaces in Australia. They provide weekly social & learning events as well as bookable meeting rooms.
WeWork, Wynyard, Martin Place & Pyrmont
- Price: hot desks from $410/m +GST, permanent from $500/m +GST
- Internet: Wi-Fi & Ethernet
- Description: one of the most established co-working places spread over three popular locations in Australia. There is a strong focus on the community.
Melbourne
The city’s lively entrepreneurial spirit has pushed an exciting growth in start-ups in recent times, hence an abundant offer of various co-working spaces. There are also quite a few comfortable options that attract more specific groups. Check out some of the top picks:
The Commons, Collingwood
- Price: Rates available on request
- Internet: 500mbps
- Description: One of the most popular co-working spaces in Melbourne spread across two popular locations. They offer a variety of perks like beer & cider, yoga, open-air garden with a partial green wall and conference rooms.
Spaces, Richmond
- Price: hot desks from $320/m +GST, permanent from $650/m +GST
- Internet: Superfast Wi-Fi
- Description: Great location and a wide range of different rooms and workstations. The members of their Business Club have a perfect place to meet clients and enjoy a coffee.
Hub, Southern Cross
- Price: hot desks $300/m +GST, permanent $640/m +GST
- Internet: high-speed fibre internet
- Description: Located near Southern Cross train station and caters to a distinct community of professionals. It includes an all-inclusive workspace as well as social and networking opportunities.
A Monetary Improvement
Co-working spaces come as a real game changer for numerous companies (money wise) and allow them to grow through hiring more employees. Furthermore, paying for a co-working community is better than renting a business office elsewhere; in a co-working space, you pay a membership fee in contrast with paying lease (monthly rent). These membership fees are often flexible, while leases are not.
Increased Productivity and Bonding
Spending your work hours in a co-working space rather than isolating yourself will stimulate your feeling of belonging to a group, therefore, increasing your working energy. Working surrounded by other likeminded businesses will inspire you and boost creativity. Don’t be surprised when you realise that a co-working space isn’t a place where people just work; you might get an opportunity to cultivate relationships out of the office. Many start-ups use co-working to promote stronger company relationships, thus improving their working community and their productivity.
Conclusion
Shared offices and co-working hubs are primarily designed to create a relaxed and professional work atmosphere for like-minded businesses. For every start-up, it’s essential to keep expenses low and risks to a minimum. That is why a co-working space is a practical option for any young company looking for an affordable and flexible solution. This extremely popular model offers versatility and functionality you can’t get by moving into a regular office or by taking on a standard lease. It is obvious that this is a beginning of a new era where the dreaded corporate cubicles are replaced by flexible office spaces, open areas, common rooms and rooftop beer gardens.
