8 Perks of Hiring a Coworking Space Rather Than Working From Home

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More people than ever before have been successfully working from home and businesses have subsequently been reviewing their workforce structure. Could coworking spaces be the solution for your business?

Whilst being able to work from home is seen as an attraction to most, this setup does have its negatives. With more companies than ever shifting to a flexible workforce structure, it’s good to assess which working options will work best for you long term. An alternative to working from home is a coworking space – which gives you the option to continue working from a professional working environment.

Definition of a Coworking Space

A coworking space is a more flexible alternative to having a conventional office, often used by start-ups, small businesses or freelancers. Operating similarly to a members club, there can be different tiers of membership depending on the usage you require and these spaces are usually based in prime central locations with modern facilities. And so, they can be the perfect place to meet your clients.

Why Work from a Coworking Space?

There are many coworking spaces in London, and all will have a different culture and facilities to support varying working styles. In this article, we explore some of the benefits of having a coworking space vs working from home.

A flexible solution

Traditional office space requires you to sign a lease which can lock you in for a long period of time. Coworking spaces operate differently, offering more flexibility. And you often only need to give one to three months’ notice to end your agreement. This flexibility means that you can be more agile to your business needs and avoid being tied into a long term, potentially costly, contract. Also, if your business expands, a coworking space will have the additional space required to support your growth.

Only pay for the space you need

You only pay for what you need in a coworking space and there are often different tiers of membership depending on how often you wish to use the space. These costs are very transparent and can usually be changed easily depending on your specific business needs. It’s worth shopping around for the right coworking space to suit you.

More structure, fewer distractions

It can be easy to get distracted when working from home with the doorbell ringing and the never-ending list of jobs that need doing. Having a more professional environment to go to can help combat this. It will also allow you to leave your work behind at the end of the day, which can be hard to do when you are constantly based from your home.

Social interaction

Humans are by nature social beings, and a significant part of your social interaction can be lost when working alone from home. With all of the advancements in technology, it’s easy to stay connected to colleagues via screens, however, this will never replace face to face communication. Being part of a coworking space means you have a community around you and gives you much-needed social time.

Networking

Many of the other people based from a coworking space will be like-minded professionals and this can lead to new business connections which may be highly valuable.

Central registered address

Coworking spaces are often based in prime central locations and this can become your registered office address. Such an address will likely impress clients and give them confidence that you are a reputable business or person to work with.

Facilities

Coworking spaces will often provide impressive facilities available to its members including meeting rooms and a reception team – which can be very useful when meeting clients. Also, there should be the latest technology such as high-speed Wi-Fi and video conferencing facilities, which you may not have easy access to working from home.
Wellbeing

Coworking spaces often have fitness facilities attached to them, allowing you to do exercise during your working day. They may also have break-out areas to encourage workers to take time away from their desk, which you may forget to do when working from home. This can help to reduce stress and improve well-being, which will also have a positive effect on your motivation levels and subsequent output.

About the author

Auria Heanley is co-founder of Oriel Partners, a boutique PA and administrative recruitment consultancy based in Central London. She is extremely passionate about providing the highest quality of service to both clients and candidates. Oriel Partners’ clients range from global multinationals to small boutique firms, all requiring the same personal service and high calibre support.

Interested in renting a coworking space in East London? CEME has a range of solutions for your business needs. Check out coworking and hotdesking options here.