10 Reasons To Use A Coworking Space In Finsbury Park

Spaces for coworking are on forefront of a brand new style of working that is capturing the attention of companies across the globe and promoting the shift away from traditional fixed-rent office spaces. Estimates suggest to have 30000 coworking spaces dedicated to the industry at the end of 2023. The industry is expected to in growth at 20 percent per year until 2024 , and possibly beyond.

Are you wondering what is the cause for this exponential growth? It’s pretty simple: the advantages of coworking spaces for both companies and coworking companies are too good to overlook. From cost-saving to providing the wellbeing of employees, to ensuring flexibility, and creating opportunities for collaborative work, spaces for coworking can provide advantages that conventional fixed workplace cannot beat.

Understanding in depth what the advantages of coworking spaces is vital for those who works in the business industry since you’ll need to take advantage of these advantages when you’re planning and advertising your service. Therefore, whether you’re a business proprietor thinking about incorporating coworking facilities as the standard post-COVID-19 or an office space owner who is thinking of making your space more flexible to meet the demands of new tenants These are the primary advantages of coworking that you should be aware of.

More flexibility

One of the biggest benefits of having coworking spaces over traditional central workplace is the fact that workers are able to have more control over their method of working. Particularly after being forced to work at home for months in the COVID-19 lockdown Some employees may find that their environment at home helps to get their work done.

Flexible offices are fantastic as they allow employers the opportunity to provide their employees the most beneficial of both. If they think they’ll perform better at home, they are under no obligation to go to work. If they require an escape to get an increase in productivity or need to work with colleagues to collaborate it is possible to travel to the coworking area.

In contrast to a fixed office space, in which employees must show on a daily basis to complete their tasks the choice of a flexible workplace lets employees pick the work style that best suits their needs.

Cost-efficiency

The advantages of coworking spaces can also bring financial advantages, since the cost you pay for space shifts from a fixed rate to a variable model. In lieu of having to pay a set price for a private office, which may be larger than what you require every day having a coworking space is that you pay only for what you actually need and only at times you’re in need of it.

Eliminating the notion of sunk expenses in the office environment means there’s no reason to waste money in the event that employees do not show into their offices, in the event that they believe they’re more productive home. This allows employers to permit working at home on a more leisurely basis, because they’re not losing money from not making the most of the space they’ve been paying for.

Using a co working office in Finsbury Park also has other benefits aside from cost-efficiency. The most notable of these is the savings you achieve in the secondary expenses that are associated with having your own private office, such as the cost of cleaning, amenities Internet, utilities, and insurance. These are costs which are not usually included in the cost of an ordinary office space , but are included in the majority of coworking office space prices.

Opportunities to network

Coworking spaces are a magnet for different freelancers and companies due to their nature. They provide their users with the opportunity to socialize with businesses in a professional environment that is in stark contrast to the closed-off environment of private offices.

The types of casual gatherings coworking spaces facilitate may serve as a friendly introduction however, they could create long-lasting relationships, or even directly business opportunities. This is an added benefit that coworking spaces can provide that isn’t discussed often but is worth considering.

Many coworking spaces organize special social events or networking sessions in which you’ll be able to learn about the companies that you work with and learn how you can assist one another.

Balance between work and life

Balance between work and life are two trends that are taking off in the world of business with plans such as unlimited holidays as well as flexible working hours and employee assistance programs all being embraced by top companies across the globe.

Although a majority of the benefits employers provide employees to improve their overall health are active that was a deliberate choice by the company coworking space, they can also provide employees wellness benefits in a more passive manner. It could be a partnership with local leisure or gyms or the offering of yoga classes for the community, or offering shower facilities on site There are a myriad of ways that coworking spaces could aid in improving the health of their clients.

These benefits may be a result of positive effects on employee satisfaction and happiness, productivity and retention, which means they are beneficial to the employer too.

Productivity increases

The traditional office is pretty an all-inclusive way of housing employees and if a portion of them do not feel motivated by an office , their productivity is likely to suffer. Coworking spaces can alleviate some of these issues by being designed to maximize productivity, and offer various working environments which accommodate various work styles.

It doesn’t matter if you prefer an atmosphere that’s social or prefer some peace and quiet in a quieter area It’s likely that you’ll find a place that’s suitable for your needs in a coworking workplace. They typically have open hot-desks that are shared with others occasions when you’re social, as well as more private areas for work the times you’re just looking to get your mind off.

Coworking facilities also have advantages in productivity over working from home , if you are a believer in the theories that underlie equity theory. The theory states that your efficiency and work levels in the workplace are determined by the intensity at which the other people around you are working. The convenience of working from home eliminates any notion of how hard you and your colleagues are working, other than the superficial. Coworking spaces can be a source of high-quality productivity.

A reduction in loneliness

It’s just a Google search to uncover hundreds of articles detailing ways to overcome the loneliness of working from home . This is proof of its own that the loneliness caused by homework is a serious issue.

Like an office of the traditional kind be, coworking spaces can help reduce loneliness by offering the opportunity to socialize in a space where nobody can work in complete solitude. An open water cooler or a conversation with a coworker or coworking space members is just a few steps away. So when you’re in need of an escape from your workstation you can go to a coworking space to chat.

No lease for a long time

One of the most significant advantages of coworking spaces, particularly in turbulent times such as the ones we’re in and the possibility to not be tied into the long-term commitment of a lease or agreement to use your workplace. When you work in a coworking facility and leaving yourself free to relocate to a new workplace and reduce the number of time you spend in your space or even switch completely to work anytime you wish.

It’s not the situation you’d get from an office that is traditional, in which case you may be in a lease for five years with a hefty break clause. The inflexibility that leases for private offices provide isn’t a problem in normal situations however it can be particularly detrimental when a lockdown or COVID-19 scenario is coming up.

Widespread access

If you’re a frequent traveler for work, you’re likely familiar with using coffee shops to serve as temporary bases in towns and cities that are new. Although they’re an “in-a-pinch” solution however, you’re probably aware that they’re not ideal locations to boost productivity.

The traditional office space won’t be taken with you on your travels and that’s why you’ll likely frequent coffee shops more frequently than you’d prefer to If you’re using flexible workplaces You’ll always be a few steps from a location that you can utilize as your base for your day. Some coworking companies even provide worldwide or national passes that let you utilize their facilities wherever you travel.

This will be an more important as the coworking industry expands and more spaces become available in more accessible places.

Opportunities for collaboration

We’ve previously discussed the networking advantages that coworking spaces provide by exposing other businesses and people who use the space in a communal manner, but they also offer direct opportunities for collaboration.

Working in the same area as tens of other companies as well as freelancers and professionals, you are opening yourself for collaboration with experts from fields you’re not aware of. This could mean that you are able to trade services in exchange for mutual gain, or get help for free from a new acquaintance or even seek out a hot-desker’s assistance.

There’s a sense of community in coworking spaces that make collaboration such as this accessible and accessible in a manner it’s likely never existed before.

Spark of creativity

The other benefit of coworking workspaces designed for workers is the fact they’re created to foster creativity as well as productivity and good work habits.

It’s often the case that office design in traditional private offices hasn’t changed much in amount in the last few decades or even enough to reflect the shifts which have taken place in our work habits. Coworking spaces, on the contrary on the other hand, while being fairly contemporary in their design tend to integrate all the latest features in order to help make time at working more efficient.

From conference rooms to breakout spaces, and recreational areas to bars on site, the majority of coworking spaces have certain areas to unwind, relax, or revive your creativity.