Coworking

5 Factors to consider when choosing a coworking space

< 1 minute read | Elly Hodgkinson

Coworking spaces offer multiple benefits. But how do you choose a coworking space that’s right for your business? Whether you’re looking for your first coworking space, or are ready to move from an existing space, here are 5 factors to consider before you make a decision.

Community

Coworking spaces have become more popular for freelancers, startup founders and small businesses as they offer the potential for idea sharing, collaboration and networking. This workspace revolution has allowed for workers to be engaged with dozens of other businesses on the same floor, where they can engage in discussions in common spaces, build relationships and attend weekly events. As coworking relationships grow, it can lead to collaborative relationships and further business opportunities. A sense of community also allows for frequent interaction, and establishing social bonds with others builds valuable relationships and enables team members to feel comfortable in their work environment.

Work environment

Your office should house ample meeting rooms or space to accommodate your team. Many coworking spaces charge for meeting room usage, so to reduce costs you can request a certain number of meeting room hours included in your membership. Many coworking spaces have common area which can be useful for avoiding the costs for less formal meetings. Ask yourself this question: Do you want common areas or a dedicated desk plan? This work space in Darlinghurst, Sydney looks like an amazing environment: https://app.spacenow.com/space/533

Location

Location is key when choosing a coworking space in major cities like Melbourne and Sydney. It’s important to factor in commute time when choosing office locations. Ideally, your coworking space will be conveniently connected with public transport, leaving you and your team a minimal commute to the office. If anyone drives, ensure that the space has available parking space for your team and your clients. Ask yourself this question: What sort of lifestyle do you wish to offer your team? If you’re close to parks, cafes, restaurants and bars, they will be able to enjoy a much more interesting lifestyle at work. This space in Richmond, Melbourne, is in a prime location: https://app.spacenow.com/space/637

Amenities

Amenities are useful or desirable features that can add value to your work space. Providing a variety of amenities for your team can make a real difference to their overall satisfaction and productivity at work. For example printing, wifi, bathrooms and kitchen facilities are essential office amenities. ‘Fun’ amenities may include coffee refills, nap pods, snack bars, table tennis tables, musical instruments, bike racks, showers, or out of office loyalty programs, such as a gym membership. This space is prime real estate in Bondi Junction, Sydney, and has the amenities game sorted: https://app.spacenow.com/space/300

Budget

Coworking is undoubtedly a cost-effective solution for renting office space in Melbourne or Sydney. However, it’s important to look out for any additional costs. Some spaces will charge for additional use of meeting rooms, kitchen facilities, printing and internet, whilst others incorporate these costs into their membership fees. You can easily stick within your budget by clarifying exactly what you need and what your unique priorities as a business are, and aligning your budget accordingly. 

The number of coworking spaces in major cities is set to grow and eventually triple by 2030. So if you’re thinking about making the move into a coworking space, there has never been a better time than now. Check out Spacenow to browse for affordable, and conveniently located spaces!