People seem to be more productive at co-working spaces. One study shows that those who belong to them show an average of 6 out of 7 on levels of thriving. This is at least a point higher than the median for workers who do their tasks in traditional offices.
Co-working spaces are membership-based workstations where different groups of remote workers, freelancers, and other professionals gather to work in a shared setting. Due to the advancements in technology and remote jobs, the number of independent contractors who look for professional workspaces is also rising. This makes venturing into a co-working space business more ideal than ever before. Here’s what makes it so special:
According to a survey by the Harvard Business Review, workers in co-working spaces typically choose projects they only want to take. Respondents say that they could bring their whole selves to their jobs and not put on a persona to fit in.
As this type of workspace consists of members who work for various ventures, projects, and companies, there’s little internal politics or direct competition — which is something more prevalent in traditional offices.
Most co-working spaces are accessible 24/7. Workers have the freedom to put in a long day when chasing a deadline or taking a long break in the middle of the day when they feel like it. They can choose to work in collaborative spaces where interaction is encouraged or sit in a quiet area where they can focus.
Sense of Community
As opposed to renting a nondescript office or working from home for free, freelancers pay for a communal setting to connect with other people. While research shows that some people interact less, they still felt a strong sense of identity being in the community.
A well-curated work experience combined with a well-designed environment are the main reasons people demonstrate higher levels of thriving compared to their office-based counterparts. While the idea of starting a co-working space is a fairly recent trend, it’s already showing great potential.