Flexible coworking spaces provide community and meeting space in addition to places to focus and get work done.

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Coworking spaces have existed for about 20 years, but a lot of people have never experienced them. These places dedicated to workers from multiple businesses— including many self-employed people—offer just the right balance of office space, flexibility and amenities that help people focus and work efficiently. Here’s a look at more key benefits that keep the coworking space market growing.

Community of professionals

Fellow users of coworking spaces may include freelancers, students, remote workers and travelers. When all these types of people come to work in a shared space, they’ll naturally start conversations. Conversations that can lead to new ideas, a stronger professional network and even personal friends.

Many people who’d otherwise be working solo enjoy coworking places for the opportunity to interact with others and be part of a community.

A place to meet clients

While much productive work gets done in home offices and coffee shops, they’re often not ideal for business meetings. Coworking spaces often provide well-appointed conference rooms to accommodate times when you want to host in-person meetings.

Plus, some coworking spaces offer virtual office memberships that provide access to a professional brick-and-mortar address as well as a receptionist for a professional business experience.

Lower cost than a traditional office

Use of a coworking space is typically less than having a traditional office of your own. The cost of membership in a coworking space varies depending on location, amenities offered and the type of workspace you choose. Use of an open workspace in Grand Rapids can be had for as little as $120 per month or $20 per day. Other options include dedicated desks, private offices and training spaces with prices that vary widely based on provider and location. Expect to pay $100 per hour for conference rooms.

Also, rent for coworking space includes things like cleaning, maintenance and utilities.

Paying for coworking spaces

Whether you pay-as-you go or sign up for a monthly subscription, coworking spaces typically accept credit cards, as well as direct debit and other widely accepted digital payment methods.

 

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