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5 Reasons Corporations Are Moving into Shared Workspaces

26-06-2019   |   by EDITORIAL TEAM   |   coworking

Nowadays, more and more corporations are moving into shared workspaces. In fact, the workspace industry is expected to boom in the years to come. They are an ideal host for SMEs and start-ups. Shared workspaces are convenient, and more and more corporations are finding it attractive. There are more reasons than one on why corporations are gradually moving towards co-working space. Here are some of the major reasons for the shift:

1. Cost-effective
Most of the requirements needed for the working of a corporation is provided in a shared workspace. This also means that you can save a lot by moving into shared workspaces. Amenities like desks, event spaces, printers, and meeting rooms are provided by the workspace. Usually, a community manager welcomes the clients into the space. Moreover, the washroom supplies and coffee is also included in the membership. You do not have to worry about the maintenance of the space. These options are not available if you lease your own building, which makes leasing a costlier option. 

2. Abolish idle space 
In shared workspaces, corporations have access to conference rooms when needed. They can customize the membership plans that suit the space needs of their team. On the other hand, you do not get this option with a traditional office lease. Corporations might end up paying for spaces that sit ideal or are used only for occasional meetings in case of an office lease. Shard workstations thus help you eliminate this problem effectively. 

3. Collaboration 
In a shared workspace, there are endless opportunities for innovation and collaboration. People from diverse backgrounds work in the same space which offers serendipity. People from various experiences, fields, interests, and expertise, work in the same space and corporations realize the importance of networking, collaborating and co-creating in business. This is in fact, one of the most significant reasons why corporations are moving into shared workspaces. 

4. Flexibility 
Shared workspaces offer flexibility like no other. Normally, you will be offered with a monthly membership. If you compare this with leases, the advantages are quite obvious. Traditional leases are generally offered for around four years. this means that you cannot adjust if your company grows or diminishes. When you have a monthly membership, you can adjust your team according to its size and requirements. In short, you can adjust your membership plan to suit your current corporation needs. 

5. Easy means for the company’s expansion 
In addition to all these benefits, you can also provide easy means of expansion to your client companies. Using a coworking space, you can make a temporary headquarter and focus on growth rather than details like setting up an office and it maintenance hassles.

These are the five major reasons why corporations are moving into shared workspaces. Corporations have realized the necessity of shifting away from the traditional setups. They now know that working smartly rather than for a certain number of hours gains higher productivity. Thankfully, corporations have now started paying attention to their worker’s mental well-being, and shared workspaces are one of the most effective tolls of social well-being, consequently leading to efficient work. 

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