Struggling to stay productive while working remotely? A coworking space might be the game-changer you need. For small business owners and startups, coworking spaces offer a professional work environment without the high costs of a traditional office.
In fact, according to a recent report, coworking spaces have been shown to increase business productivity by 23%, making them a smart choice for businesses looking to grow. The right environment can help you stay focused, collaborate with others, and improve overall business efficiency.
With remote and hybrid work on the rise, the right coworking space can enhance productivity, networking, and business growth. Beyond cost and location, reliable internet, well-equipped meeting rooms, and a supportive community that fits your working style also matter.
What Makes a Good Coworking Space?
A good coworking space is more than just a desk and Wi-Fi. It should create an environment that enhances focus and business growth while providing opportunities for professional networking. Here’s what defines a high-quality coworking space:
1. Professional Atmosphere
A professional coworking space should have quality furniture, good lighting, and proper air circulation. Access to snacks and refreshments boosts energy, while a welcoming reception and well-organized layout create a productive environment and leave a positive impression on clients.
2. Supportive Infrastructure
Reliable high-speed internet is essential for business operations. The space should also offer ergonomic desks, comfortable seating, and access to essential office supplies. Private phone booths and meeting rooms add to the functionality of the space.
3. Community Vibe
A good coworking space balances the need for networking with the need for focus. An open-plan space that encourages communication is ideal, but there should also be quiet areas for focused work. A supportive community of professionals from different industries can create valuable networking opportunities.
4. Adaptability
Flexibility is critical for small businesses. The coworking space should allow you to switch between hot desks, dedicated desks, and private offices, depending on your current project or team size. This adaptability ensures the space grows with your business.
A good coworking space supports productivity, networking, and business growth. Next, let’s look at the key factors to consider when choosing the right one.
Key Factors to Consider When Choosing a Coworking Space
Choosing the right coworking space means picking a place where a business can grow, somewhere that makes it easier to focus, meet people, and get work done. It’s not just about having a desk but about finding a setup that fits small businesses, startups, and freelancers.
A good coworking space offers more than the basics. It creates a friendly and useful place where people can share ideas and work alongside others in a comfortable setting.
1. Location
Location plays a big part in how well a business does. Being in a busy area makes it easier to meet with clients, partners, and others. The best coworking spaces are usually in central locations that are easy to get to and close to everything a business might need.
- Easy to reach by public transport or car, with plenty of parking
- Surrounded by restaurants, cafés, and useful business services
- Placed near potential markets and chances to network
For remote businesses or solo workers, having a professional business address can make a strong impression. It adds credibility while still being flexible and affordable.
2. Cost
Many coworking spaces now offer flexible membership plans to match different work styles and budgets. These plans are designed to support a wide range of business needs, including:
- Private offices for growing teams that need privacy, a professional setup, and 24/7 access to stay on schedule.
- Shared workspaces with dedicated desks in a team-friendly setting that encourages focus and networking.
Most coworking spaces aim to keep pricing clear, with no hidden costs. Services like printing, meeting room bookings, and admin support are listed, so members always know what they’re paying for. As business needs change, it’s easy to upgrade or downsize without being tied to long-term contracts.
3. Amenities
A good coworking space should make it easy to stay productive while also being comfortable. With well-planned amenities and flexible work areas, both individuals and teams can stay focused and feel relaxed throughout the day. It’s about creating a space that supports everyday work needs.
- High-Speed Internet and Secure Connections: Fast and reliable internet with secure networks keeps work running smoothly without interruptions.
- Private Meeting Rooms with Cutting-Edge Audio-Visual Equipment: Meeting rooms come with up-to-date audio-visual tools, perfect for team discussions, client meetings, and presentations.
- Ergonomic Desks and Comfortable Seating: Workstations are set up with desks and chairs that support good posture and long hours of use.
- Unlimited Beverages: A modern kitchen, coffee station, and casual lounge areas offer free access to tea, coffee, milk, and water, ideal for breaks or casual chats.
- Vending Machine for Snacks: On-site snack machines are available for quick energy boosts during the workday.
- Air-Conditioned Environment: The entire space is air-conditioned, keeping it comfortable all year round.
- Playing Area: A dedicated area for short breaks gives members a chance to relax, recharge, and clear their minds.
- Power Supply Backup: A reliable backup system makes sure work continues even during power cuts.
- 24/7 Access and Security: Members can access the space anytime with strong security in place to keep everyone and their belongings safe.
Dedicated desks can be set up to match each person’s style and needs, helping create a personal workspace. For larger teams, private offices come fully equipped and can be arranged to fit the team’s setup.
4. Community
A great coworking space is more than just a place to get work done; it’s a community. Being part of a shared workspace connects people with others who are building businesses, creating new ideas, and working toward their goals.
- Networking events and professional workshops are held regularly to share knowledge and build connections
- A diverse mix of industries and businesses creates opportunities for cross-industry partnerships and collaboration.
Whether you’re working from a dedicated desk or a private office, you’ll be part of a dynamic community that supports your growth.
5. Flexibility
Business needs can change quickly, and a good coworking space should be able to grow with you. Flexible workspace options make it easy to:
- Increase or reduce space as team size changes.
- Move between hot desks, dedicated desks, and private offices depending on the project.
- Support hybrid work without being tied to long-term contracts.
Private offices and dedicated desks can also be customized, giving businesses the freedom to set up a space that fits their current needs, with room to adjust as things grow or change.
Make the Right Choice in Choosing Coworking Space
Choosing the right coworking space can have a real impact on a business’s success. A well-designed space with strong infrastructure, a supportive community, and flexible options helps improve daily work and long-term growth.
By paying attention to key factors like location, cost, amenities, and work culture and avoiding common mistakes, businesses can find a space that fits their needs and supports their goals over time.
FAQs on Choosing the Right Coworking Space
- Can you use a coworking space as a business address?
Absolutely. You can benefit from many of the perks of an office without paying out of pocket for space you don’t need.
- Is it worth paying for a coworking space?
If you’re struggling with productivity in your current work environment, a coworking office space can provide the structure and motivation you need. Many members find they get more done and are more inspired in a coworking setting.
- How profitable are coworking spaces?
The coworking space profit margin can vary depending on size, location, and how efficiently the space is managed. Small spaces often break even or operate at a loss, while medium spaces (50-150 members) typically see 10–20% profit margins.
- What is the difference between a workspace and a coworking space?
A workspace is any location where work is done, whether at home, in an office, or in a cafe. A coworking space, on the other hand, is a shared office environment where different people or businesses work together.
