Table of contents
- What is a coworking space?
- How does a coworking space work?
- How to find a coworking space
- Who uses coworking spaces?
- What should a coworking space have?
- Are coworking spaces worth it?
- What are the benefits of coworking spaces?
- What types of offices are found in coworking spaces?
- What is a Hot Desk?
- Is a hot desk worth the money?
- Have we covered how to explain coworking?
What is a coworking space?
A coworking space is a shared professional-style working space where you can pay a monthly fee to use a shared workspace. Coworking spaces often foster community, hold networking events and create ideal solutions for small companies, startups or remote workers, like freelancers.
The shared ‘workspace’ accommodations of a coworking space don’t just stop at ‘desk space’ – coworking spaces can be built to include kitchens, creative spaces like photo studios, meeting rooms, game rooms and more.
Some coworking spaces are generic and offer general office spaces for companies and their employees. Other coworking spaces are focused around community and attract like-minded professionals, freelancers or creative entrepreneurs. Our favorite coworking spaces are always those that are the latter of the two. We like collaborating with other people who are interested in creating content and are running small businesses.
Having the ability to work from a coworking space becomes a reality when you transfer the idea of ‘working from home’ into ‘working remotely.’ There is a difference between the two, and we explain it here.
In our time in Medellin, Colombia, we met a lot of other freelancers and we were able to network with some of those digital nomads. When we were in Bogota, Colombia, the coworking space we worked from (WeWork La 93 in Zona T) had mostly small companies, and we didn’t meet too many other people there.
It’s no wonder that coworking spaces have become part of the fabric for how professionals who work remotely are choosing to work, and find routine. You can see more about that in our trend report for remote work in 2020.
How does a coworking space work?
While every coworking space is a little different, it’s a general conception that coworking spaces allow professionals to share office space.
A coworking space functions like other shared spaces. Take, for example, a shared apartment. The people living there share things like the kitchen, the common areas and the bathroom.
A coworking space is similar, but on a grander level, and in a professional sense. You could compare a coworking space to an office, but in a much broader sense. While a traditional office contains the employees of a single company or organization, a coworking space is inviting to people from many different professions, industries, companies and walks of life.
How to find a coworking space
A simple Google search for your geographic region or city will likely return the results you’re looking for, if you’re searching for nearby coworking spaces.
Check out local Facebook groups or get talking with other freelancers and small business owners in your area. For a safe bet, look for any WeWorks in your area (although WeWork’s rates for freelancers, and for companies, start on the higher end).
If you’re adventurous and want to maybe kick-start your networking skills, try and reach out to local agencies that currently have an office. Offer to pay them a fee that you are comfortable with in order to share their space. You never know, as this may lead to a job for you.
If you’re unable to find a traditional coworking space in your area, you can be creative and find creative spaces to work. We’ve traveled all over the world and have worked in interesting places. When you think of travel and work, we didn’t work from a hammock or on a mountain. We worked in cafes, bars, local game shops, sometimes restaurants and libraries. Look to see what is in your area and if any of those options could work for you.
Would coworking spaces offer trial memberships?
If you do have access to several coworking spaces, reach out to them and see if they have a seven-day or maybe even a month-long trial available.
With your trial membership, you can get a feel for the viibe of people that come in every day, the noise level, the cleanliness and whatever else makes you get a feel for the shared space.
If it’s too loud, check out how we like to block out background noise with Krisp.ai.
Who uses coworking spaces?
You will find a lot of different people in coworking spaces. Like we’ve mentioned above, you’ll find individual freelancers, people who run small businesses and even maybe large businesses that rent out entire floors.
A coworking space is for you if you’re looking to get out of your house and you work remotely. There was a point when I was working from home in a smaller apartment, when the WiFi wasn’t as good, where I wanted to be a member of a coworking space so I would have faster internet and more variety in my working locations.
I often get a little tired of the same room and configuration and get inspired by working in new and creative spaces. A coworking space is a perfect fix for that personal requirement.
What should a coworking space have?
This could very well be a long and comprehensive list if we were to cover every different type of coworking space out there. For the purpose of this article, we’ll go over the coworking spaces that appeal to us: creative spaces that are affordable and have like-minded members.
For us, a coworking space must have coffee. Coffee and coworking spaces, to us, is like a water cooler. We like to chat with people as we make coffee or top off our mugs – this is a great way to network when you’re traveling as a remote worker as well. Plus, if you’re working on a deadline, it’s great to not have to find a cafe to get a fresh cup of coffee.
A coworking space should have multiple creative spaces to work. This can be a booth, bench, chair, couch, or wherever that has a common place where we can sit with our laptop for an hour or two. When you have a creative block, getting up and moving around is a great way to get a new creative spark. You can see more photos of all the cool spaces in some coworking spaces we’ve been to when you visit our guide to the benefits of coworking.
We think that coworking spaces should be quiet. There can totally be places and times where common areas can pick up in foot traffic and people can mingle. But if we’re trying to focus and it’s too loud for us to think, that’s not for us.
A coworking space should make it easy for you to get your work done in the most effective way possible. When looking for coworking spaces, make a list of what those features are for you. Use those points as a checklist and pick your next coworking space on how many items were checked off that list.
Are coworking spaces worth it?
Yes! They allow for you to get your work done for a small fee. We’ve seen some coworking spaces offer hot desks for as little as $250 for one month. For some people, that’s only a few hours per day. That means that a small percentage of your day rate goes towards an entire month of working.
When you work remotely and travel, the cost of coworking reflects the cost of living in various countries. For example, you may find that coworking in Mexico City will cost only $175 for a month, to get a dedicated desk (not a hot desk). To get a bang for your buck, consider coworking in some of the best cities in the world for working remotely.
Plus, when you use a shared space, you don’t have to worry about cleaning, Internet and utilities, furniture upgrades and so many other things that come along with renting a private space. For example, if the coworking space decides it’s time to revamp all the coworking furniture and paint all the walls, you won’t get a say in how it’s done, but you will get to enjoy it when the project is complete. It also won’t cost you more than your current monthly membership fee or yearly contract.
If you have a small business with a few employees, having a coworking space can act as a home base. It’s where you can have in-person meetings, if you choose to have them. It’s where you can allow your employees to come in and get a break from their normal environment.
The fee of an office or shared space is a small price to pay if it means that you can do your job more faster and more efficiently.
What are the benefits of coworking spaces?
The benefits of a coworking space outweigh the benefits of working from home or working from a traditional office, if you’re looking to branch out.
We listed all the benefits of working from a coworking space in order to show just how crucial they can be to staying motivated, staying connected within an industry or branching out socially if you’ve been isolated by working from home.
What types of offices are found in coworking spaces?
Some offices can rent multiple floors in a building. This option is usually reserved for agencies and startups. You likely won’t find too many corporate offices in this setting.
The benefit of getting a coworking space is that your small team of four (for example) will have a designated workspace. The downside is that some of these company-style private office rooms can be really small. You often don’t have a ton of privacy when you share a small room with people all day, as opposed to a larger open-style office that has room to breathe.
Part of the benefit of being in a coworking space, is that you’re able to use other places within the building, like outdoor spaces, common areas of multiple kitchens on multiple floors.
There are some coworking spaces that allow you to customize the look and feel of your rented space. You can use this to your advantage and furnish it however you feel the most comfortable. These can be colorful decorations, fun rugs, fancy chairs, nice lighting configurations, you name it!
What is a Hot Desk?
A “hot desk” is a feature of a coworking space that allows you to rent a seat in a communal desk area or long communal-style table. The “desk” is often a long bench, but it can sometimes be personal desks. Either way, there are usually lots of desks or chairs to fill in this situation.
Hot desks are ways that coworking spaces can make money with volume. If there are 50 available desks, each renting for memberships of $250/month, coworking spaces know that they will have this money coming in every month from the people who rent hot desks. They also know that not everyone comes in every day for eight hours a day. They use this to their advantage to balance out their budgets.
The advantage of using a hot desk is that you get the benefits of using a coworking space, but not at a high price. To illustrate this, if you were to rent your own corner office ‘for one,’ the price would be considerably higher because the space would be yours and no one else would be able to use it.
The disadvantages of a hot desk is that it is usually not a ton of space for you. You have limited storage space. You don’t really have a place to call ‘home’ in your coworking space.
Is a hot desk worth the money?
It depends! If you can balance the advantages and disadvantages, then yes, it’s very advantageous, considering all the benefits that coworking spaces offer. If you really would like a place that has storage, or if you’d really like to bring your own desk and chair, then no – you’ll need a different option.
For us, we love the idea of renting a hot desk. It means that we can have a place to work, not have a ton of commitment invested in the space and get to meet other people (and drink coffee all day).
Have we covered how to explain coworking?
In this article, we aimed to explain the meaning of coworking, the concept of coworking spaces and how you can start to explore coworking locations near home.
Do you think coworking is right for you? We certainly recommend reading onward to check out the many benefits of working from a coworking space and some recommendations of coworking spaces in cities around the world. As always, you can circle back to all our articles written from our experiences of working remotely at our list of remote work recommendation guides.
Last updated on September 16th, 2020