What is Coworking and Why is it Becoming Popular?

Coworking is a modern business work space that has been growing in popularity since the year 2005. Coworking involves the process of many different companies or freelancers working together in the same building. Everyone uses the same resources but they do so with different companies and interests.

Many people within the same office space are going to be working on their own individual projects. Some of them may work for the same company, whereas some are individual contractors renting the desk spaces in the same way.

Coworking serves as an alternative to working in a traditional office space or from home. It helps business owners to increase their productivity as well as improve their overall network. The process of coworking has really helped to build up communities within a business and to help small companies scale much more rapidly.

coworking has become especially popular for everyone from freelancers, to entrepreneurs to major businesses. Coworking places are a great way for freelancers to have their own workspace while also networking with companies. Freelancers usually work from remote places and try to keep their overhead low. This is the perfect solution for them!

Entrepreneurs can also run a small team or a business while having access to all of the amenities that they need in a coworking space. It’s easy to grow a business because an entrepreneur will only need to pay for desks as they need them. As the company scales you can move into larger office spaces within the coworking facility.

Corporate companies like the idea of coworking spaces because they can set up a functioning office space in a prime location without having to pay for all of the costs of expansion. A major corporation could have access to an office setup in a fraction of the time that it would take to rent out an outfit as space for their new location.

These are just a few of the top reasons why coworking has become such a popular option for individuals and companies. With the cost savings and the new flexibility of these modern workspaces, coworking is a trend that we will not see diminishing anytime soon.

This post was written by Tara Kintz. Tara is a director at Signature Workspace which is a  Clearwater Coworking Space. Signature Workspace, owned and operated by Cantor Fund Management, offers services and amenities such as private offices, flex space, coworking space, virtual offices, meeting/conference rooms, and more.

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