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8 Key Factors to Consider when Choosing a Coworking Space

With more than 40,000 coworking spaces predicted to exist by 2024, the world's flexible workers are spoiled for choice. Here are the key factors to consider when you need to choose a co-working space.
Choose coworking spaces

Your goals

Before you start your search, you need to determine what you want out of a coworking space. Why do you need one? What does your business hope to gain from the experience?

If you can work out your key business goal, this will help you to prioritize different spaces and what they can offer you and your organization.

For example, if you want to network with other businesses and individuals, you will want a space with a strong community and active events calendar. If you need privacy, your coworking space will need to have private offices and readily available meeting rooms.

Co-working space location

The location of your potential co-working space is important. You may want a location that’s close to your home or close to your clients, for example.

Coworking spaces are also a cost-effective option compared to a permanent lease. So, you could pick a prime location that’s relevant to your industry for a good price. For example, many tech startups would love a location in Los Angeles coworking space can provide a viable alternative compared to the excessive real estate costs in that area.

Amenities offered

You need to judge each coworking space based on the services and facilities the space has to offer. While some may have every gadget under the sun, remember that these high-tech spaces will likely come at a higher cost.

Layout

While coworking spaces tend to offer shared work spaces to encourage collaboration and innovation, the office layout at a space is an important consideration.

For example, you may want a space with a range of breakout areas, traditional meeting rooms, an events space, or perhaps you just want a work space with plenty of natural light. Choose your space based on what makes you most comfortable.

Your budget

Coworking spaces are a cost-effective option, giving businesses the flexibility to rent a work space when they need one.

But make sure you check what’s included in your contract. For example, some coworking spaces from Atlanta offer tiered memberships, where a hot desk is cheaper than a dedicated desk or a private office, for example.

Potential growth

You may find the perfect coworking space for your business in the here and now, but where will your business be in the next few months, or years?

Try to find a coworking space with the capacity to grow as your business grows. Some membership agreements can be difficult to break and you don’t want to be encumbered with a space that no longer fits your business’s purpose.

Culture within the space

Coworking spaces provide strong communities of like-minded individuals. Whether you want a creative space or one with a focus on the latest technology, make sure you assess this culture in terms of your business needs.

An events calendar can provide you with valuable insights into a space. Also, you may want to have a chat with the community manager to find out more about the people who use the space.

Ultimately, if you want to test a co-working space’s culture, you have to experience it first hand. Try to book a tour of the space so you can chat with its current members. Alternatively, some spaces offer free trial visits. So, you could try before you buy.

Space environment

There are many different types of coworking spaces. Try to find an environment that matches your business needs and personality.

Some spaces are quite minimal, offering members the basic amenities needed for the working day. Others may target a niche industry, while others are more generic in nature, looking to attract a range of remote workers and businesses.

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