The term coworking originated in 2005 in San Francisco, which generally defines individuals or groups of people assembling in a neutral working space to work on different projects. The main differentiator between a typical office workspace and a coworking space is that- in the case of a coworking space, the people involved aren't working for the same company. But a typical coworking space will offer the same amenities as a traditional office workspace like printers, Wi-Fi, conference rooms, coffee machines, and sometimes additional snacks and beverages. Another major differentiator is the flexibility of coworking spaces, especially regarding working hours and attire. Nowadays, many coworking spaces also come with coaches and advisors who can guide you on starting a shared office space business and provide you with trending market insights. This article will talk about different types of coworking spaces to take your best pick.
Primary types of coworking spaces:
- Luxurious Coworking Spaces: Luxury or high-end spaces are distinguished by their high-end design, all-inclusive memberships, private areas, and luxurious decor. These are generally located in the downtowns of large cities. They are created with utility and professionalism while still taking advantage of the cost-effectiveness of conventional coworking spaces. Memberships to these locations may provide discounts on city eating, access to VIP events, gyms, pubs, and other lifestyle benefits. Large, global enterprises and businesses that are client-facing or need to maintain a degree of distinction at work are attracted to these types of working spaces. These coworking spaces are often more expensive because of the full-service facilities and memberships offered.
- Conventional Coworking Spaces: When most individuals think of coworking spaces, they envision a traditional or open coworking space. This type of coworking space is also the most widely found worldwide. Traditional coworking spaces aren't necessarily aimed toward a specific company or individual but rather emphasize an open and collaborative working atmosphere. As a result, while these places have clear financial advantages, they may not always provide the same level of privacy as the other types of coworking spaces. However, they are energetic working spaces that feature a relaxed and well-lit ambiance. Conventional coworking spaces encourage networking, collaboration, and imaginative attitudes, making them a popular choice among the young working crowd.
- Corporate or Professional Coworking Spaces: Professional coworking spaces aim for businesses seeking a corporate-style setting. The majority of professional coworking spaces include ergonomic furniture and plenty of natural light. The reception desk is constantly clean, and the staff greets visitors. Tea, coffee, and snacks are available in the kitchen. Meeting rooms are thoughtfully constructed to facilitate productive business communications.
Moreover, you prefer a more casual atmosphere, plenty of launch areas and quiet reading corners to choose from. The hubs use co-creation approaches to encourage partner cooperation, networking, and problem-solving. The partnership is focused on digitalization, incubation, and educational opportunities.
- Digital Nomads Coworking Spaces: These types of coworking spaces provide desk space without requiring membership, as they charge by the hour or day. Basics like Wi-Fi, coffee, and eating options will be available in nomadic coworking spaces. Some may be skateboarding, cycling, or surfing communities, giving internet access, power, and workspace.
- Niche-Specific Coworking Spaces: One of the current coworking space trends, which can also be described as an industrial revolution, is the growth of niche-specific coworking spaces. If you want to start your own niche-specific coworking space, remember that with more coworking places popping up everywhere, you are likely to face high competition. So, if you want to develop a profitable coworking space brand, you must stand out. Consumers will not comprehend why they should select you if you do not do so. Targeting a specialized market and bringing together industry-specific entrepreneurs is an intelligent concept for a niche-specific coworking space. You have a fantastic chance to customize your services and make them extremely useful to a specific set of customers by establishing a distinctive brand positioning.
- Private Coworking Spaces: This flexible space is geared at businesses and teams who are afraid that sharing space with other businesses would result in more disadvantages than positives. Private coworking spaces imply a locked door with your corporate logo, a private kitchen, and conference rooms exclusive to that team or firm. These amenities are available for flexible terms of as little as 6 months. Private coworking spaces are often for groups of eight or more people. And while they are more expensive than conventional coworking spaces, they may offer the same flexibility as other coworking spaces while still providing the privacy of a conventional office.