While paperwork, logistics, and the effects of globalization introduced the need for a dedicated workspace in the early 19th century, the digital and automation boom in the early 2000s began to embrace a more mobile working culture that blossomed into what we have come to recognize as coworking spaces today.
The recent meteoric work-from-home (WFH) revolution that ruptured corporate work culture and secured greater freedom for employees has numerous advantages. Still, for many, it lacks the human element found in a collaborative workspace, which provides a happy medium between the traditional office and WFH.
What Is a Collaborative Workspace?
A coworking space is not the same as a collaboration space, anoffice in which employees of various companies work under one roof. A good collaborative workspace definition is a building with a mix of private offices and shared common areas that provide employees, freelancers, and entrepreneurs with flexibility throughout the day.
A collaborative workspace offers the privacy needed to execute work and the social aspect of shared amenities that can yield networking and lifestyle benefits you may not find in traditional offices. (If you’re a smaller enterprise and don’t want a private office, you still acquire a similar experience in a coworking space by renting a dedicated desk). Not convinced? Learn about all the fantastic collaborative workspace perks below.
Securing prime real estate is expensive and challenging to source, and despite its central location and panoramic views, it often doesn’t come fully kitted with all the perks you expect. Due to the WFH movement, companies have to create greater incentives for employees. Offices that aren’t near major transport hubs and other conveniences like shops and restaurants provide little motivation to stop WFH.
However, collaborative workspaces offer new and smaller companies access to amenities and prime real estate at a lower cost. Often in financial centers of up-and-coming districts, collaborative workspaces tend to be modern and revamped, promoting a productive and pleasant working environment and break from home office spaces.
Whether you’re a start-up or a small company, maintaining office space can be a costly endeavor with many hidden expenses. Furniture, consumables, and office decor are things you might not have budgeted for or would prefer not to splurge on. Collaborative workspaces help businesses cut down costs where it matters. Most rentals include access to amenities, boardrooms, and communal kitchen spaces, keeping additional expenses down to a minimum.
What is a collaborative workspace, if not a plug-and-play environment, to run a successful business from? Wi-Fi is reliable, the printers are always full of ink, the HVAC system works, and the office is fully furnished, so you can start work the day you move in. A dedicated office manager oversees daily operations, so you can really hit the ground running without stressing about moving logistics.
Countless companies are just starting to worry about signing long-term leases because, the truth is, they haven’t been around long enough to accumulate data that reliably predicts growth trajectory. Collaborative workspaces are often part of multi-use office buildings in multiple locations, sometimes dispersed around the globe. With short-term leases ranging from month-to-month to yearly, it’s never been easier to scale up, down, locally, and internationally.
Networking & Socialization
The shared amenities in collaborative workspaces are the perfect environments to cross-pollinate knowledge and network with other like-minded companies, freelancers, and entrepreneurs. Whether it’s building relationships with potential coworkers, clients, or customers, meeting new people outside your office and usual network can stimulate new ideas and lead to interesting business propositions.
Increased Productivity and Motivation
Studies indicate that between 75% to 90% of coworkers enjoy the personal connections that collaborative workspaces provide. They feel a greater sense of engagement and motivation while working and a decrease in loneliness. The positive attributes of collaborative workspaces contribute to employee happiness, and when people are content, they tend to be more productive.
When people are around others, their accountability increases. The isolation caused by WFH can dampen team spirits. Encouraging employees to return to work, even if the days are flexible, can restore team dynamics and improve engagement levels. Even just a change of scenery can provide a much-needed boost from repetitive working routines.
Renting an office comes with added amenity expenses, utilities, consumables, and perhaps even the hiring of an office manager. With a collaborative workspace, things like water, electricity, boardroom access, and Wi-Fi are often included. If you do need to pay for additional perks, it’s easy to add it to your monthly bill because you’re paying the same company, reducing paper trails and admin hassles.
A Community Concierge
In a collaborative workspace, there’s an on-site team or manager to take care of all your work needs. You no longer have to wait for a landlord to get back to you if something doesn’t work or you have an amenity-related query. And, of course, you can learn from other companies and entrepreneurs working in the building. Searching for a place to brunch or need to entertain clients in the neighborhood? Just ask.
If you’re reluctant to rent a traditional office space and don’t want to work from home, why not try a collaborative workspace? It has loads of benefits, and you can take out a short-term lease to test the waters. We have coworking, dedicated desks, and collaborative workspace, meaning regardless of what type of environment suits your business, we can offer you the right rental property in River North, Chicago. Contact us for a free consultation.
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