The rise of coworking spaces has transformed the traditional work landscape, providing professionals with flexible and collaborative environments that promote productivity and community interaction. After COVID-19 many workers started to work from home and continued to do so. People loved the concept and embraced the convenience of not having another task of office management. As the demand for coworking continues to grow, various types of spaces have emerged to cater to different needs and preferences. There is four major different types of coworking spaces, including open workspaces, private workspaces, industry-specific spaces, and venture/incubator spaces. Additionally, we will present key statistics that showcase the widespread impact and popularity of coworking.
Open workspaces are the quintessential coworking spaces. These environments offer shared work areas where individuals from various professions and industries can work side by side. Open workspaces typically have communal desks, comfortable seating options, high-speed internet, and common areas for collaboration and networking. They foster a sense of community, providing opportunities for professionals to connect, share ideas, and collaborate. It is very affordable option compared to others and definitely will be cheaper than a traditional office.
Key Statistics:
- According to Statista, in 2020, the number of coworking space members worldwide reached approximately 2.23 million.
- The Global Coworking Unconference Conference (GCUC) estimates that the number of coworking spaces globally will exceed 40,000 by 2024.
Private workspaces cater to individuals or teams who require dedicated and secluded spaces for focused work or privacy. These spaces offer enclosed offices or smaller rooms that can be rented on a short-term or long-term basis. Private workspaces provide the benefits of coworking, such as access to amenities and a community, while allowing for greater privacy and concentration. You can have meeting space within your private office, which is very useful for some specialist. For example, if you are lawyer or realtor or designer, instead of maintaining independent regular office, you can rent private office space and conduct your meeting there. Many plans also will include meeting room space credits, so if you need to have a conference with a few people, it is easy to do. Another category of people who can find private offices useful are those who need to make a lot of phone calls. Private shared offices will provide enough privacy and noise control.
Key Statistics:
- The Global Coworking Survey by Deskmag revealed that 36% of coworking spaces offer private offices or enclosed spaces.
- As per the Coworking Resources State of the Coworking Industry Report 2020, 26% of coworking spaces globally provide private offices.
- Industry-Specific Spaces:
Industry-specific coworking spaces cater to professionals within a particular sector or niche. These spaces are tailored to meet the unique needs and requirements of specific industries, providing specialized amenities, equipment, and resources. Industry-specific spaces foster collaboration, networking, and knowledge sharing among professionals in the same field.
Key Statistics:
- Research conducted by CoworkingResources in 2020 indicates that 33% of coworking spaces are industry-specific, catering to sectors such as technology, design, health, and more.
- The Global Coworking Forecast 2022 projects that specialized coworking spaces will continue to grow in popularity, driven by the demand for industry-specific collaboration and support.
- Venture/Incubator Spaces:
Venture/incubator spaces are designed to support startups and early-stage businesses. These spaces provide not only shared work environments but also additional resources, mentorship, and networking opportunities specifically tailored to help startups thrive. Venture/incubator spaces often have a curated community of entrepreneurs, investors, and mentors, facilitating the growth and development of new businesses.
Key Statistics:
- According to the 2019 Global Coworking Survey, 18% of coworking spaces have a focus on supporting startups and offering incubator programs.
- A survey by Coworker.com revealed that 65% of respondents believed that coworking spaces helped their business grow faster.
As you can see from the above included statistics, coworking culture is growing every year. Coworking spaces have revolutionized the way professionals work, offering flexibility, collaboration, and community. From open workspaces that foster collaboration to private workspaces that provide privacy, and from industry-specific spaces that cater to specialized needs to venture/incubator spaces that support startups, the coworking industry has evolved to cater to diverse preferences and requirements. Coworking spaces can offer way more benefits that a regular offices, some include gym on site, virtual business addresses, coworking spaces swaps and more. One space can combine different types, making coworking option even better. Now you can expand or decrease you workload, have training or conference, add new employees all in one place. Shared offices also come with no maintenance and assistance, so they are great in reducing task load on business owners and workers. Find you local coworking space, like this shared office on Cape Cod and experience all the benefit of the new era of work.
