Coworking Spaces: The Modern-Day Heroes for Cheap Workspace Seekers

Rebecca Philipp | 14 February, 2024 | Est. reading time: 5 minutes
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Considering the benefits of networking and flexibility, is it a good idea to work at coworking spaces?
The popularity of coworking spaces cannot be denied. Many businesses in today’s modern workforce embrace this concept because of its affordable rental plans. However, many people ask: Is it a good idea to work at coworking spaces?

A typical answer is, “Yes, because coworking spaces make our lives easier.” But how can such a cheap office space solution reshape an entire business model? Let’s discover the answer below!

Table of contents

Is It Worth Paying for a Coworking Space?

The average price of a coworking desk in Australia varies on the location. Among all the major regions within Australia, Sydney has the highest average coworking space price, valued at around AUD 980 per month.

On the other hand, Canberra has the lowest average cost, priced at AUD 500 per month. Adelaide, located in South Australia, has the second lowest average desk price, which is AUD 650.

Melbourne, Brisbane, and Perth follow, with average desk prices being more or less similar. Let’s look at Statista’s data below for Australia's monthly average desk price as of 2023.

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Regardless of the price, the benefits of coworking cannot be denied. Its unparalleled flexibility, networking opportunities, cost-effectiveness, high-end amenities, and prestigious locations are enough reasons for businesses to consider venturing into the world of coworking.

Is it a Good Idea to Work at Coworking Spaces?

Here are some compelling reasons that explain why coworking spaces are an ideal place for any type of business;

Provides a Prestigious & Accessible Address

Coworking spaces help businesses to gain a premium spot in bustling business districts. Such a prestigious office location adds an extra boost to the credibility of your business.

Moreover, most coworking spaces are located near transport terminals, making them easily accessible for commuters. This accessibility helps people who commute to work alleviate the burden of jam-packed traffic and expensive transportation costs often associated with traditional offices.

Reduces Business Costs

Opting for a coworking space is smart for businesses aiming to reduce costs without compromising workspace quality. With coworking spaces, businesses can build a strong, physical presence without hefty upfront capital investments.

Additionally, coworking spaces also offer flexible rental agreements, such as monthly plans, weekly plans, and hot desking. These flexible membership plans allow businesses to scale up or down according to the economy's demands.

Such flexibility is important, especially in today’s business climate, where everything is unpredictable.

Allows Access to High-End Technologies

Introducing your own office equipment to a space is expensive and time-consuming. However, coworking spaces offer easy access to such high-end facilities and top-notch amenities at affordable rates.

These technologies can help you optimise your work models, making the lives of your employees more convenient. Access to this equipment also helps you maximise efficiency and boost business growth. 

Enjoying the blog so far? Share your thoughts by reaching out to us! Keep reading to discover more interesting insights, answering “Is it a good idea to work at coworking spaces?”. 

Encourages Support & Collaboration

Coworking spaces ignite a unique synergy within a diverse environment of like-minded professionals. This kind of atmosphere encourages support and collaboration, which is essential for both mental health and growth aspirations.

Furthermore, coworking spaces are home to many free business endeavours, including seminars, workshops, and networking events. These opportunities are beneficial in enriching your personal knowledge and expanding your business’s horizons.

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Supports the Hybrid Arrangement

The unmatched adaptability of coworking spaces makes it a top choice for businesses working in a hybrid arrangement. This office space solution has been instrumental in meeting the demands of hybrid workers for more flexible working arrangements and access to remote collaboration tools.

With coworking spaces, businesses no longer need to worry about transitioning from work-from-home to face-to-face setups. Embracing this hybrid working model is necessary for boosting job satisfaction and maximising employee productivity.

Is it a good idea to work at coworking spaces? Yes, it is!

Coworking spaces make it easier for you to navigate the ever-changing business world. Prestigious locations, accessibility, access to high-end technologies, networking and collaboration opportunities, and flexibility are all yours when you opt for coworking spaces.

Here’s the good news: coworking spaces revolutionise your work models without straining your finances. Businesses embracing the concept of coworking spaces put this at the top of their lists.

Join the Growing Coworking Community Today!

Is it a good idea to work at coworking spaces? The answer is a resounding YES! They not only make the lives of businesses easier; they revolutionise the overall model!

Want to join the ranks of businesses stepping into the future with coworking spaces? Office Hub is here to help your dreams come true in three easy steps!

  1. Send us a message with your details and requirements.
  2. Coordinate with our flexperts to choose the ideal workspace, book a tour, and negotiate deals. 
  3. Sign the contract and move right away!

Explore the following locations below and explore listings today;

Frequently Asked Questions

Q1: What is the future of coworking spaces?

The global coworking market is expected to stay on an upward trend. By 2028, the global market is projected to grow at  USD 37,374.84 million. This is a huge leap from the recorded USD 14,394.53 in 2022.
 

Q2: Why do people thrive in coworking spaces?

There are various ways to understand why people thrive in coworking spaces. Why do individuals and businesses choose to grow in a shared environment?

Among some of the top reasons are the collaboration opportunities, flexible arrangements, supportive community, and the promise of boosting work productivity.

Gain a more in-depth understanding with this explainer on why people thrive in coworking spaces.
 

Q3: Why coworking spaces are better for business than traditional spaces?

Traditional offices tie their tenants to long-term tenancy agreements, which mainly cause high upfront costs and a lack of scalability. On the other hand, coworking spaces offer flexible rental plans, making it easy for businesses to adapt to their workspace needs.

Moreover, coworking spaces also offer fully furnished facilities, significantly reducing costs without compromising on quality.

Why Choose Office Hub?

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