Despite a surge in popularity in recent years, there are still many myths that prevent business owners from using coworking spaces for their companies. However, the numbers speak for the prevalence and effectiveness of these kinds of commercial spaces.
In 2019, the global market value of coworking spaces was estimated at $26 billion, even though the industry is still arguably in its nascent stages. Meanwhile, using coworking spaces has also been shown to improve productivity by at least 25%!
In light of these figures, here are the top three myths that should be forgotten when it comes to the use of coworking spaces.
1. Coworking spaces are full of distractions
Contrary to popular belief, coworking spaces are not open spaces filled with rows upon rows of noisy and distracting people with desks. In fact, the people who use them are much more quiet and considerate of other people—especially given that they are all professionals who need to get some work done, too!
Aside from the professional demeanor that coworking spaces exude, they are also designed to provide privacy without the stifling cubicles that are found in most of today’s regular offices. For example, most providers offer dedicated desks for individual workers and freelancers, private offices that can house three to six people, and big conference rooms that can accommodate anywhere from 10 to 20 people.
For all intents and purposes, a coworking space is just like any regular office space. The only difference is that these areas are a lot more flexible and are often better maintained at no additional cost to its occupants.
2. Coworking spaces are more expensive than a regular office
Renting out an office space by yourself means shouldering the costs of renovation, office furniture, internet connection, utilities, and maintenance. On top of these are the management fees, insurance, taxes, and of course, the monthly rent!
These costs can even vary depending on the location, as landlords and property managers are sure to charge a premium for office spaces located in the center of bustling metropolitan areas.
In contrast, coworking spaces allow you to use these amenities on the get-go for a flat fee. Everything you need—from furniture and utilities to creature comforts, like coffee bars and fitness centers—is already there for you to use from day one. Because these kinds of space providers are businesses too, you can count on them to pick only the premium locations as well.
Scaling up isn’t a problem for coworking spaces either. One of the greatest benefits of using flexible coworking spaces is that you no longer need to evacuate a space altogether once your company needs to grow. With coworking spaces, expanding your office space is as easy as paying for a larger room.
The same is true should you need to scale down your operations. Instead of paying for a large space that you’re not using or breaking your back to find a suitable smaller commercial space, you can simply book a smaller room in a coworking space!
3. Coworking spaces are unsuitable for hosting clients
One of the biggest misconceptions that prevent business owners from considering these kinds of work setups is the fear of looking unprofessional from the client’s point of view. In fact, nothing could be further from the truth!
Because coworking spaces strive to create a premium feel, you are much more likely to strike a good impression with your clients. Considering that you are already working in a premium location that’s complete with first-class amenities, getting a run-of-the-mill office space in another location could be considered as a downgrade.
Given the benefits of using coworking spaces in terms of cost savings, convenience, and employee morale, there’s no real reason for preferring regular office spaces over it. If you’re looking to work in a comfortable environment complete with amenities since day one, then coworking spaces are the way to go!
Are you looking for coworking spaces in Charlotte, North Carolina? CoCoTiv has you covered! Sign up for a membership today and gain access to our top-of-the-line fitness center, coffee bar, and regular networking events.