In recent years, coworking spaces have shifted from niche offerings for freelancers and students to mainstream hubs for businesses of all sizes. As the nature of work continues to evolve, coworking spaces, like those provided by Link Spaces, are becoming evidently more desirable by all businesses alike. These flexible and dynamic work environments offer more than just a desk and Wi-Fi – their core principles are not only to provide a space for your business but are also designed to encourage collaboration and a better work-life balance.
But how exactly does this “link” between productivity and flexibility play out in the world of coworking?
Globally, the coworking industry has seen a massive increase in the number of members over the last decade, a trend that shows no signs of slowing down. Particularly after 2020 when the world started opening back up after the pandemic, flexible working models meant that workers had the option to work from anywhere. Popular spots were home offices, but also coworking hubs. After being stuck inside the house for months, people wanted to separate their work from their home but without long commutes and cold empty offices. So local coworking spots grew into a big hit.
By the end of 2024 it is predicted that 5 million people will be working in coworking spaces globally. This is a staggering number when you consider that just over 10 years ago in 2011 there were estimated to be just over 1,000 coworking spaces worldwide. So why are coworking spaces proving to be the future? What makes them so great?
In short, Flexibility and Productivity. Flexibility isn’t just a buzzword, a bit of clickbait to entice you in. Instead, it’s a critical factor for why Coworking spaces succeed. Research from the Harvard Business Review shows that employees who have control over when and where they work are 50% more productive and 60% more engaged than those who work in traditional environments. And who doesn’t want their team to be more productive?
Offering flexible membership options that allow members to work whenever and wherever they want is a big factor propelling the success of coworking. The benefits of such flexibility for employees and members is astounding. If an employee can choose where they work, they can choose somewhere with shorter commute times, increasing their positivity in work as well as at home, because let’s face it, who actually enjoys the morning and evening commutes?
It’s not just individual workers who benefit from the coworking model. Businesses, especially startups and small companies, can utilise the advantages of the flexible terms that coworking can offer. With the cost of maintaining an office of any size increasing year on year, many companies are opting for coworking instead, saving them thousands.
Productivity increases when employees are in an environment that suits their needs entirely and that they can enjoy. Coworking spaces are an office without an office, they are a smart and comfortable space designed to motivate and encourage.
As coworking spaces continue to evolve, as does the way we all work, we can expect them to cater more to hybrid and remote work models. The future of coworking is likely to incorporate even more flexibility within contracts and workspaces, encouraging teams to work entirely outside of a traditional office environment collaborating and networking with others who share similar values and experiences.
To conclude then, Coworking gives employees the freedom to work from anywhere while still feeling connected to their teams. It is more than just a trend; coworking spaces represent the future of how we want to work. By offering flexibility without sacrificing productivity, they create an environment where professionals have the opportunity to thrive both personally and professionally. With coworking spaces continuing to expand globally and evolving to meet the needs of modern businesses, it’s clear that this model is here to stay.
Whether you’re an entrepreneur, a freelancer, or part of a growing company, Link Spaces provides the ideal balance between productivity and flexibility, helping you stay connected to your goals and the wider business community. Now is the time to link up with the future of work.