How to Choose a Coworking Space (14 Important Things to Check)
- Office Environment and Atmosphere
- Internet Speed
- Ease of Commuting
- Extra Costs
- 24×7 Access
- Regular Networking Events
- Kitchen and Pantry Facility
- Digital Nomads and Creative Freelancers
- Small Businesses and Startups
- Traveling Employees
- Project Teams
- Increased Flexibility
- Integration of Technology
- Expansion into New Markets
- Focus on Sustainability
- Collaboration with Corporations
Coworking spaces are shared workspaces where individuals or teams work together in a collaborative and flexible coworking environment. These spaces offer a range of benefits including cost savings, networking opportunities, and access to amenities and resources that may not be available in a traditional office setting.
According to the industry report published by Mordor Intelligence, by the conclusion of the current year, there will be at least 374 coworking spaces throughout Australia.
The same report also says that the sector is being driven by the rising demand from startups, SMEs, and independent contractors. Large-scale businesses have been adopting co-working spaces as a result of the sector’s ability to offer top amenities at reasonable costs. The sector had strong growth as a result of the rising number of startups and high rate of investment flows.
With the increasing popularity of coworking spaces, it is essential to choose the right space that fits your needs and preferences. A good coworking space can increase your productivity, creativity, and overall well-being, while a bad one can hinder your progress and frustrate you.
Types of Coworking Spaces
This type of coworking space is designed for individuals or small teams who prefer a collaborative and social work environment. Open workspaces usually have large communal tables or shared workstations, providing opportunities to network, collaborate, and share ideas with other members.
Private workspaces are ideal for teams who need more privacy, quiet, and a distraction-free environment. These spaces are fully enclosed and equipped with all the necessary office amenities such as a dedicated desk, chair, filing cabinet, and locking door.
Industry-specific coworking spaces cater to specific industries such as technology, creative, or healthcare. They provide industry-specific resources, networking opportunities, and networking events, making them ideal for individuals or teams looking to connect with like-minded professionals.
Venture or incubator spaces are designed for early-stage startups, providing mentorship, resources, and support to help them grow and succeed. These spaces often offer services such as legal, accounting, and marketing assistance, as well as access to funding and investor networks.
14 Factors to Consider When Choosing a Coworking Space
The location of a coworking space is essential because it determines the accessibility, convenience, and visibility of the space. It should be easily accessible by public transportation or car, and it should be located in a safe and secure area that is conducive to work. If your business is near South Brisbane, check out Mobo Co’s coworking space, office suites, virtual offices, and meeting rooms. Mobo Co’s address will help your business stand out as a premier city location for your clients and business associates.
Amenities refer to the additional services and facilities provided by the coworking space beyond just a desk and chair, such as printing and scanning services, conference rooms, and recreational areas. These amenities can make a significant difference in the productivity and satisfaction of members. Mobo Co’s coworking space’s basic amenities include meeting and boardroom access, on-site support staff, printing and copying services, mail forwarding services, flexible membership plans, and a lot more.
3. Office Environment and Atmosphere
The office environment and atmosphere can impact the mood and productivity of the members. Coworking spaces should have a comfortable and inspiring coworking community with appropriate lighting, temperature, and decor. Human presence helps in coworking spaces by creating a collaborative and supportive work environment, fostering networking opportunities, and providing a sense of community and belonging for individuals and teams.
Flexibility is important because it allows members to adjust their workspace as their private company evolves. A coworking space should allow members to add or remove desks and upgrade or downgrade their membership plans as their needs change. Mobo Co’s flexible workspace membership plans are tailored specifically towards what works best with any budget and schedule, so you can enjoy a better work-life balance.
Coworking spaces should provide members with the option of working in private areas or meeting rooms when necessary. Privacy concerns may arise when working with confidential information, and members may require a secure and private area to conduct their work.
6. Internet Speed
High-speed internet connection is essential for productivity in a coworking space. Members should have access to reliable and fast internet to perform their work tasks efficiently. The Business-grade Internet access here at Mobo Co can make the biggest difference in your business’s productivity.
Security measures such as surveillance cameras, keycard access, and secure storage can provide peace of mind to members and protect their equipment and confidential information.
The cost of a coworking space can vary depending on the location, access to amenities, and membership fees. Members should select a space that fits within their budget and offers the best value for their money. Mobo Co has affordable workspaces when it comes to using our coworking space, depending on your needs:
Dedicated desk coworking packages
This plan is at $500/month, which grants you 24/7 access to our Coworking Lounge, includes $200/month in meeting room hire credits, and access to our amenities and office supplies.
This plan additionally grants you the use of our phone answering services and lets you list our business address as your own – great for putting your name on the map in the heart of Brisbane’s CBD, for just $350/month.
9. Ease of Commuting
Coworking spaces should be located in a convenient and accessible location to reduce the time and stress of commuting. Members should have easy access to public transportation, parking, and bike storage. You can reach Mobo Co by train, ferry, bus, or bike.
10. Extra Costs
Some coworking spaces may have additional fees beyond the basic membership plan, such as printing or conference room usage fees. Members should be aware of these additional costs and factor them into their budget.
11. 24/7 Access
Some coworking spaces offer 24/7 access, meaning you can work at any time of day or night. If you have a flexible work schedule or need to work outside of regular business hours, this may be an important factor to consider. At Mobo Co, you can enjoy work in comfort at whatever time you operate best.
12. Regular Networking Events
Many coworking spaces offer networking events such as workshops, seminars, or networking events. These events can be a great way to connect with other members and gain new skills or knowledge. Here at Mobo Co, we host regular networking events and workshops. This is a great way to meet other like-minded professionals and learn new skills.
If you’re a growing business or have changing needs, scalability may be an important factor in choosing a coworking space. Consider if the coworking space offers options for scaling up or down as your business needs change.
14. Kitchen and Pantry
Some coworking spaces offer a kitchen and pantry or food facility on-site, which can be convenient for busy workdays. Consider if this is an important factor for you and if the space offers options that suit your dietary needs.
Members of Mobo Co’s coworking space can order delicious food delivered directly to their desks from Lina Rooftop restaurant and bar or Soul Green which is a brand-new café in the building lobby. Take advantage of unlimited and freshly brewed coffee and tea to get you energised throughout your work day. Mobo Co has full kitchen amenities, microwave ovens, and refrigerators, as well as plates and cutlery that you can use.
Suggested reading: 14 Benefits of Coworking Spaces
Who Uses Coworking Spaces?
Digital Nomads and Creative Freelancers
Coworking spaces are popular among freelancers and remote workers who desire a professional workspace outside of their homes. Coworking spaces provide a social environment where they can interact with other professionals and avoid the isolation of working alone.
Small Businesses and Startups
Coworking spaces are also a popular choice for Startups. They offer flexible office space options and a professional environment that can be tailored to fit the business’s needs. Coworking spaces also provide networking opportunities that can be beneficial for small businesses looking to expand their customer base or partner with other professionals.
Large enterprises can use coworking spaces as satellite offices or a place to house remote employees. Coworking spaces offer the flexibility to rent as much or as little space as needed, and they can also provide access to a network of professionals and resources.
Non-profits can use coworking spaces as an affordable office space solution. Coworking spaces offer a professional work environment without the expense of traditional office space, which can be beneficial for non-profits with limited budgets. Additionally, coworking spaces offer opportunities to connect with other professionals and potentially form partnerships.
These are the people who must have a space to set up their laptops and conduct business wherever they are because they travel frequently for work. They have a welcoming and professional atmosphere to do this in, as well as the chance to network with other professionals who may be in town on business, thanks to adaptable workplaces.
Businesses are becoming more and more aware of the advantages of coworking spaces for project-based work. These teams don’t necessarily require their own office space, but they frequently need to be close to one another to efficiently cooperate. They can collaborate on their projects at coworking spaces, as well as benefit from the amenities and networking possibilities that these places frequently offer.
Suggested Reading: Who Uses Coworking Space? Top Professionals and Industries Revealed
Coworking Vs Other Remote Work Alternatives
Coworking spaces are not the only alternative to a traditional office. Some people prefer to work remotely from coffee shops or restaurants. While this can be an attractive option for some, it can also have its drawbacks. Here are some factors to consider when comparing coworking spaces to working from coffee shops or restaurants:
Coffee shops and restaurants can be noisy and distracting environments, making it difficult to concentrate and be productive.
Most coffee shops and restaurants do not offer amenities such as printers, scanners, or meeting rooms, which can be essential for conducting business.
While coffee shops and restaurants offer some opportunities for social interaction, they do not provide the same level of community and networking opportunities as coworking spaces.
Lack of professionalism
Meeting clients or partners in a coffee shop or restaurant can be perceived as unprofessional and may not be suitable for all types of business.
Reliability of Wi-Fi
The Wi-Fi in coffee shops and restaurants can be slow or unreliable, which can be a major hindrance for remote workers.
Ultimately, whether coworking spaces or working from coffee shops or restaurants is the better option depending on individual preferences and needs.
Suggested Reading: Coworking vs Working From Home: What’s Right For You?
The Average Cost of Coworking Spaces
The average cost of coworking spaces can vary depending on location, amenities, and other factors. In general, monthly memberships can range from around $100 to $1,000 or more per person, depending on the location and level of amenities provided. Some coworking spaces also offer hourly or daily rates for those who only need occasional access. It’s important to research and compare coworking spaces in your area to find one that fits your budget and needs.
At Mobo Co, rates range from $350-$500 per month. You can choose from our coworking packages including dedicated desk working, virtual coworking, and premium virtual coworking. Learn more about our services here.
Suggested Reading: How Much Does Coworking Cost in Brisbane? (2023 Guide)
The Future of Coworking
The future of coworking looks bright, with the industry continuing to experience growth and evolution. Here are some potential trends and developments to watch for in the future:
Coworking spaces may become even more flexible, offering more short-term and on-demand options to cater to the needs of remote workers and freelancers.
Integration of Technology
Technology will continue to play a major role in the development of coworking spaces. More spaces will likely adopt smart technologies to improve efficiency and enhance the user experience.
Expansion into New Markets
As remote work becomes more popular around the world, coworking spaces are likely to expand into new markets and regions to cater to the growing demand.
Focus on Sustainability
Coworking spaces may place a greater emphasis on sustainability, with a growing number of spaces incorporating eco-friendly practices and materials into their design.
Collaboration with Corporations
More corporations are likely to partner with coworking spaces to provide flexible office solutions for their employees, further driving the growth of the industry.
Overall, the future of coworking looks bright, with continued growth and evolution driven by changes in the way people work and the ongoing need for flexible and adaptable office solutions.
Should You Try Coworking?
Whether or not to try coworking depends on your individual needs and preferences. Coworking spaces can offer a variety of key benefits, such as networking opportunities, access to amenities and resources, and a flexible work environment. They can also provide a sense of community and help combat isolation for remote workers or freelancers.
However, coworking may not be the best fit for everyone. If you prefer a completely private and quiet workspace, or if you don’t enjoy working in a social environment, then coworking may not be the right choice for you. Additionally, coworking spaces may be more expensive than other remote work alternatives like working from home or a coffee shop.
It is recommended that you try it out for a day or a week before committing to a coworking membership or longer-term arrangement. This will allow you to experience the space, amenities, and community atmosphere firsthand and determine if it is the right fit for you and your work.
Choose Mobo Co for your Coworking Space Needs
Coworking spaces have become increasingly popular in recent years, and for good reason. Choose Mobo Co’s coworking space and take advantage of our prime location, amenities, affordable cost, pleasant work atmosphere, privacy, security, and networking events. Mobo Co is a coworking space that meets your needs and helps you achieve your goals. If you’re looking for a flexible, affordable, and productive coworking community, Mobo Co’s coworking is the perfect solution for you.
Enquire about coworking options and pricing at Mobo Co now!