Why are big corporations moving into shared office spaces?

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Importance of Office Space in Surrey
Coworking is changing the office landscape a
great deal. The number of coworking spaces has
increased rapidly since 2011. The coworking
marketplace is one of the fastest-growing
industries in the world. Who should rent a
coworking space?
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Coworking was initially popular, especially among
freelancers, start-ups, digital nomads,
entrepreneurs, and small business owners. The
trend is changing now the industry leaders are
also moving towards shared office spaces, citing
their benefits. IBM, Microsoft, and Verizon are
leading the trend.
https//www.coworkingresources.org/blog/why-big-co
rporations-choose-coworking-spaces.
Its likely more corporates will adopt this type
of space in the times to come.
First of all, lets find out why early-stage
entrepreneurs are opting for Coworking
Unlike a large corporation, the early
entrepreneurs find it challenging to conjure a
vast chunk of their capital for acquiring a
facility of their own. When such businesses opt
for shared office space, it enables
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them to save around a significant amount on the
fixed rent. It provides furnishing, décor,
equipment and machines, and other required
services along with the refundable deposit.
It breaks the status quo Sharing office spaces ha
ve
attributed to the fast-changing nature of the
business world where innovation is the key.
These spaces are cost-efficient and offer
networking benefits to the people who work here.
It has changed the way businesses commence their
operations. As every business small or big
strives to adapt to the dynamics of the
ever-changing market environment, the workspace,
too, needs to change its dynamics both its
physical and social configurations.
Neutral platform The coworking spaces are mainly
structured on the premise of sharing and serve as
a perfect model for the bartering of ideas and
knowhow. These are a platform where open-minded
individuals and businesses engage in mutual and
symbiotic co-existence.
Collaboration opportunities Coworking spaces
have the
spirit of cooperative and flexible collaboration.
These spaces empower users to become a part of
the work sphere that promotes a feeling of
community sharing and cooperation. These spaces
have a flexible structure, which is evident from
open areas, recreational zones, meeting rooms,
brainstorming parlors, and common pantries. When
people get such a conducive and worker-friendly
environment, it leads to constant innovation, a
sense of ownership, and better collaboration.
Easy on pocket Coworking spaces give an excellent
environment to individuals and businesses that
are tight on budget. All in all, these spaces
enable firms to save a large portion of their
income due to large work areas.
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The companies do not have to bother about
peripheral functions such as paying the bills or
maintenance activities. In a nutshell, we can
say shared spaces are perfect for the newly
established small and medium enterprises that
want to save and build first rather than
building before and saving later. Why are big
corporations moving into shared office
spaces? We all know shared spaces are popping up
all around the world. People in different
careers appreciate the flexibility of working in
a modern office environment that has all the
necessary amenities of a traditional workspace.
There is a growing trend of big names turning
towards and taking advantage of shared spaces.
These giants are testing the benefits of shared
spaces so they can also derive maximum benefits
out of them. The large shared spaces such as
Accrue Workspaces and WeWork are noticing
established firms are renting their spaces. The
reasons can be the following
Innovative ideas Leading tech companies choose
to work in
shared spaces to get closer to innovators in the
field. This is why they do not rent any
coworking space but carry out proper research.
As these spaces have a social and collaborative
element in addition to the features of a
traditional office, interaction across teams
becomes natural. It gives giants a sneak peek
into the start-up world.
Better productivity When big giants have
employees work
side by side with the start-ups, they realize how
much effort they put into play. It works as a
motivation booster for them and increases their
productivity. It is a fact people tend to be
more productive when they see people around them
are
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serious about their work and are on a mission to
achieve something.
Cost-effective The main reason why the concept of
Coworking became so popular was
coast-effectiveness. So many individuals and
companies work under one roof and share the
space and costs. Established business are also
moving to shared spaces because when they have
the option to rent and get furnishings,
interiors done already, why would they invest in
all these things. Renting a space in the shared
office means businesses do not have to buy office
equipment, pay for utilities, and instead pay
only a definite amount monthly to the coworking
company.
Flexibility Large corporations that allow their
employees to
work in shared spaces offer them work
flexibility. Many shared spaces operate in
multiple locations, allowing employees to work
from spaces that are near to their residential
area. Safety in a shared working space Shared
working spaces are bright, vibrant, and have all
the amenities one needs to carry out operations.
High-speed internet, laser printers, copy
machines, meeting and recreation rooms, and free
drinks are the add on of these spaces. It also
includes surrounding with a variety of people who
break from the clutches of a traditional working
environment. People out here work on their
innovative projects and help each other. It
increases their creative and productive
flow. Sometimes, people are hesitant to choose a
share working space because security is a
crucial consideration. These spaces must have a
secure and safe environment ideal for people to
perform.
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Cybersecurity
A huge security bonus in a reputed coworking
space is a devoted IT team and excellent
infrastructure. Having an IT team that can help
you with your problems and put your mind at ease
is most important. Getting technical support when
you need will enhance your experience and allow
you to reach management and security at any
moment. Physical security Sometimes, one may
feel scary to work with a large number of people
whom they do not trust. The atmosphere in
coworking spaces is as such, so many people work
in one place, and they do not know each other.
Other than this, the facilities such as meeting
rooms, and conference rooms where large groups
can come in once in a while, can make the things
even more dreary. C oworking spaces that
understand the needs of their members and deal
with them rightly are performing the job
correctly.
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A shared space with locked doors and access only
through personal identification is most secure.
Members may receive a card or key to enter
inside the area. Some spaces offer on-demand
access through a smartphone. In these spaces,
people get access only if their prior information
is provided to the managers, and they have their
identity details.
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uk/