Employees working together

Benefits of Coworking: How Community, Structure, and Flexibility Improves Business

Faith Churchill

Have you worked in a coworking space? If not, you’re missing out!

Coworking communities have surged in popularity over the last few years, and for good reason. They provide everything needed for a healthy, well-balanced work environment. Coworking spaces cater to a wide range of professionals, from remote teams looking for space in different cities to established SMEs wanting private offices. Even solo entrepreneurs can rent a desk for their needs month-to-month or day-to-day. These spaces foster a dynamic mix of creatives and business owners, all working in an environment that encourages collaboration and productivity.

Over the last four years, our work culture has drastically changed, influencing how we work. Traditional workspaces no longer suit everyone’s needs. They are often better for long-term stable businesses, but what about the ones with a smaller group of employees? That’s where coworking spaces step in—offering a variety of benefits to support modern ways of working.

Let’s check out the top three benefits of this style of work.

Benefit #1: Connection and community

Connection is why innovators, business owners, and employees desire to work in a coworking environment. At each level, various companies or solo workers offer opportunities for everyone to meet new people. Coworking spaces hold frequent networking community events that get everyone mingling and connecting. You could meet a new friend or business partner—the opportunities are endless.

With inviting indoor and outdoor lounge areas, cafes for coffee, and gyms for daily movement, these workspaces offer more than just a desk. Small interactions in a coworking space, like chatting with the barista or exchanging a few words in the communal kitchen, contribute to a greater sense of belonging and happiness.

On top of that, they provide educational workshops, catered lunches, and fitness classes. All these resources help employees improve their wellness and achieve a healthier work-life balance.

Benefit #2: Space and structure to rely on

Coworking hubs offer you all the space you need to thrive and add structure to your day without being too rigid. You can move around the floors freely and work in different spots but still have a continuous place to come to and structure your day around.

While working from home has benefits, sometimes separating home life from work responsibilities is hard. You may get distracted folding laundry or vacuuming when you should be in a meeting. Instead, a change of scenery and time in a coworking office can make getting work done easier.

The structure of a coworking space promotes productivity. There are hot desks for those who want frequent changes, lounges for collaboration, private offices for those who need privacy, and conference rooms for important meetings. If you wish to work alone, you can book phone rooms or smaller meeting spaces to have time to focus on yourself. These spots are designed to give you the best of both worlds—structure and space.

Benefit #3: Flexible and affordable for your business needs

A key reason why businesses pick coworking spaces is their affordability. It’s a cost-effective solution that helps you save more compared to a traditional office. If things change, you don’t have to worry about getting locked into a 3-5 year contract. In a coworking space, you can rent spots monthly or sign a more flexible contract for around 1-3 years.

Why is this beneficial?

If you’re a smaller business, this gives you more room to evolve. You can scale up and add more desks or downsize and pick a lower-priced office. For entrepreneurs, you can book flex desks to constantly be in a new spot or a dedicated desk to return to continuously. If you want to try one suburb or city for some time before committing long-term, a coworking space gives you that flexibility.

Above all, overhead costs such as electricity, wifi, and cleaning services are bundled into one total price.

Find the space you need to thrive

Get started growing your team and improving your business capabilities. Coworking spaces offer a variety of options for all sizes of businesses. At Haven Workspaces, we welcome innovators, entrepreneurs, creatives, and small to medium enterprises (SMEs) to join our welcoming community.

Take the next step toward creating your ideal work environment—enquire about our options today and see how Haven Workspaces can elevate your business.