Contrary to what many people believed before 2020, the future of working environments doesn’t involve reporting to a 9 – 5 corporate office Monday to Friday. Working from home fully today also sounds so 2020. The current trend is a hybrid working environment supported by the increasing adoption of coworking spaces.

The traditional workplace model, which required employees to report to a physical office, isn’t practical anymore. Coworking spaces are the new definition of “workplace.”

The Growth of Coworking

Coworking is a perfect solution for the modern work environment, as a hybrid working model becomes a norm. Coworking spaces have recently experienced significant growth and are poised to continue as more employers embrace hybrid work models. For instance, coworking spaces grew from 4000 to 6200 between 2017 and 2022.

While the pandemic spurred the increased adoption of remote work, employees who disliked work-from-home arrangements can now opt for coworking arrangements, which allows them to leave their homes without relying on company-provided workspaces.

Coworking is also an excellent option for freelance workers and self-employed persons who want to work away from their homes, supplement their home office with extra meeting rooms, or need an additional workspace.

Why Coworking is the Future of Work

Coworking spaces will certainly shape the future of work. Besides providing a perfect alternative to the hybrid work model, they come with employee perks crucial in the current job market. Coworking is the future of work because:

  • They offer flexibility for business and workforce

Coworking spaces offer unmatched flexibility, which benefits businesses that don’t have enough budget to rent a physical office. Employers also save on costs because they don’t have to formalize offices in various locations. Employees can work from home when needed, and adjusting to coworking spaces when working from home isn’t ideal.

  • Community-driven collaboration

A coworking space means you are surrounded by other employees working on different projects, which fosters collaboration and connection. Coworking environments are perfect for building relationships and networking. Instead of being connected solely through employment, employees are connected by their work models and lifestyle.

Employees of the same company can also work together in a coworking space. If a business hires remote employees from the same city, renting a coworking space makes it easy for them to collaborate on projects.

  • Less distraction

While working from home has its benefits, it is very distracting. You can easily get carried away by laundry, dishes, and common household chores. Finding a comfortable and inspiring space to work at home is also difficult. Coworking spaces offer unmatched creativity and inspiration. Most spaces are designed by professionals and include motivating features.

The Bottom Line

Even though remote work suits many people, coworking space fills the various gaps of remote work. One of its many benefits is enabling socializing. Socializing is impossible for those working from home. On the other hand, coworking spaces offer happy hours and other socializing events.