Why Millennials Prefer Coworking Spaces

Why Millennials Prefer Coworking Spaces

Millennials, or those born between the years 1981 to 1996, are beginning to lean toward companies that offer flexible working conditions, such as co-working spaces. With that said, what makes co-working spaces so attractive for millennial workers? 

To begin with, you need to know that technology peaked around the birth of the millennials. These people grew up tech-savvy and craving to break traditional office structures. Millennials crave more freedom and fewer restrictions in their work, which is why they have a preferential likeness for coworking spaces.

The Benefits of Coworking Spaces to Millennials

Millennials have several reasons why they prefer coworking spaces in the current digital age. Here are some of them:

1. Availability of Technology

The wide availability of technology and the influx of the latest devices and gadgets make coworking spaces more attractive to millennials. A high-speed internet connection, printers, video and audio equipment, scanners, and whiteboards make workspaces more appealing and functional. 

2. Diverse Work Environment

When a work environment is both entrepreneurial and diverse, millennials become more productive and engaged in their work. It also allows them to get to know more professionals in their respective fields or others and acquire mentors to further their skills.

3. Reduced Costs

It may be a little-known fact that traditional workspaces are more expensive than coworking spaces. For the latter, you only need to pay for what you need. So, you can focus on the resources that you have and need and avoid too many expenses on stuff that are not necessary. In addition, you also have the opportunity to rent a particular room for occasions, such as booking the meeting room a week prior.

4. Networking Opportunities

Millennials are fueled by ambition and creativity, so they love having numerous opportunities and developing or enhancing their network. Coworking spaces give that possibility as it brings diverse professionals together. They also get to know each other during community events to form personal and professional relationships.

5. Fewer Responsibilities

In coworking spaces, people have fewer responsibilities aside from the work that they actually do. For example, individuals no longer need to worry about cleaning or maintaining the building and paying utility bills on time. Coworking spaces also provide flexibility in leases since they can be rented weekly or monthly.

6. Excellent Locations

Many millennials prefer coworking spaces in urban areas. With excellent transportation and establishments within a few minute’s reach, they can work and explore the city simultaneously. That is also why most coworking spaces are built in central business districts instead of rural areas.

Conclusion

The popularity of coworking spaces is on the rise mainly because most of the workforce, who are millennials, find more benefits in that kind of workspace. When workers are comfortable in their work situation, they also become more productive at their jobs.

Cocotiv provides everything that your business needs to grow. It is more than just an office space–it’s a hub of diverse, forward-thinking professionals and companies of all sizes. Our coworking spaces offer 24/7 office access, free parking and fitness center, high-speed Fiber internet and WiFi, and comfortable furniture. 

If you need something to drive your business forward, we can make it happen for you! For the best coworking amenities in Charlotte, NC, get in touch with Cocotiv today!