With the continuous adoption of remote work and the rise of the hybrid work model, coworking spaces have become an attractive solution for solo professionals, small businesses and large corporations who desire flexible working arrangements.
Whether it be networking opportunities or lowering the costs of owning office space, coworking spaces provide a plethora of benefits that can’t be found anywhere else. For businesses keen on trying out a coworking space, here are four simple steps to help you select the right one for your operations.
1. Consider The Location And Accessibility
Reducing time on the daily commute is just one of the many painful points that coworking spaces aim to solve. Typically located in strategic places that are easily accessible, coworking spaces are ideal for hosting brainstorming sessions with the team or key meetings with clients.
When deciding on which coworking branch to choose, businesses should ideally prioritise their employees. Choose a location nearest to where the majority of employees reside so that they can fully benefit from the arrangement. Also, consider the accessibility to nearby food and entertainment options.
2. Determine The Lease Term And Compare Rates
A primary benefit of working in coworking spaces is that they are typically fully furnished with all your business essentials. This translates to less office overhead and savings that could be better invested elsewhere. Due to the unpredictability of the pandemic, it is wise to pick a coworking space that offers more flexible lease terms and go for one that offers the most economical rates.
If the lease terms and rates are similar, you might also want to take into account the working environment and whether it promotes your employees’ productivity and overall well-being.
3. Check For Additional Amenities
Coworking spaces differ in the type of amenities that they provide to their patrons. Other than checking for business essentials, such as Wi-Fi connectivity, printers and phone lines, you might want to also factor in additional amenities that would boost your employees’ efficiency.
For instance, having multiple places to work in, such as private booths and hot desks, gives the team options on where they can be most productive. Amenities geared towards relaxation and entertainment, such as gyms or a pantry may also be vital. Assess which amenities the company needs and what your employees want and use them as deciding factors when choosing a coworking space.
4. Find The Community That Best Fits Your Company Culture
Last but not least, focus on the community and networking opportunities provided by the coworking space. When speaking about the former, consider the niche of the individuals or companies that frequent the space and how it might be beneficial to your business. Diversity is key to innovation, and surrounding your employees with like-minded individuals can give rise to new ideas and even potential collaborations.
While on the topic of community, it’s also important to inquire about on-site networking events that might be valuable for your employees. Such events can give employees something to look forward to and present the opportunity for networking outside of working hours. Ask about the details of these events when looking around and ascertain a few details, such as their frequency, average number of attendees, and the informal and formal types of gatherings they host.
There’s no doubt that coworking spaces offer plenty of advantages that benefit both the company and its employees. With so many different coworking spaces out there, business owners should put a little more thought in the details before settling on one.
At Greenhub Singapore, we offer a range of spaces that can cater to your unique business requirements – from serviced offices and meeting and conference rooms to small offices for rent, our offices are designed from the ground up to be fully optimised for comfort and employee productivity.
What are you waiting for? Experience our spaces for yourself and drop us a call at +65 6692 8000 to arrange a visit to us today!