Looking for something more flexible than a private office lease? Fancy working in a state-of-the-art shared office environment where you can be surrounded by like-minded people? A coworking space might be the perfect option for your business.
Coworking office space is growing in popularity across the UK. Future Squared can help you find the best creative office space for your needs, whether you’re looking for a workspace in London, Glasgow, Cardiff, Brighton, Leeds or any other major city in the UK.
What is Coworking Office Space?
Coworking office space is essentially a shared office where you pay for your desk. While traditional office leases provide a private office and private meeting rooms, breakout areas, and amenities for just one business, coworking offices offer a communal space where many people from different organisations can work together.
How does Coworking Work?
There are two types of coworking memberships: hot desking and permanent desking. If you choose hot desks, you will have access to the shared amenities within the office building, but you won’t have a dedicated desk. In contrast, permanent desks give you the structure of a dedicated desk within the coworking space.
Coworking spaces mean that you’ll be sharing a space with multiple other companies, and you may have use of communal areas such as breakout areas, meeting rooms, and kitchens. They also have everything you need to run your business such as high-speed internet connectivity.
Coworking can be as basic or as comprehensive as you want it to be, with the option to pay extra for things like meeting rooms. You pay per desk, offering you the flexibility to only pay for what you use.
It’s worth bearing in mind that while some coworking spaces offer 24/7 access, other spaces may only allow you a certain amount of hours every day or month - for example, only standard 9-5 access.
What does Rent Include in a Coworking Space?
The facilities and amenities included in the rent for your coworking space may vary, but many leases include:
- Hot desks or permanent desks
- Break-out areas
- Conference and meeting rooms
- Kitchen and cafe areas
- Printing and copying
- Bike storage
- Shower facilities
- 24/7 space access
Is Coworking Office Space Suitable for Me?
Coworking is one of the most flexible options when it comes to renting a workspace. This means that it's a great choice for many different small and medium-sized businesses.
There's a reason that coworking spaces have become synonymous with startup businesses: they're the perfect environment in which to grow your company. The flexible terms of your lease allow you to scale up quickly without having to rent a bigger workspace to accommodate new employees.
Businesses on a tight budget
Because you only need to pay rent for the desks that you use, coworking can be a cost-effective way of renting a workspace for a very low price. Enjoy renting in prime locations in London, Edinburgh, and other cities for significantly lower rent prices than private offices.
Hybrid working organisations
Have employees who only work in the office a few days a week? With coworking hot desks, you can reduce the number of desks you're paying for and rotate which employees have access to the space. This can help save money and provide structure for your hybrid working scheme.
Unlike traditional workspaces, coworking offices are a great option for anyone working in the creative industry. Bringing increased flexibility and spontaneity to your business, a coworking office is a superb way to bring together freelancers and full-time employees in one collaborative space.
Why Choose a Coworking Office?
Network with like-minded people
With coworking spaces being favoured by entrepreneurs, creative freelancers, and growing startups, renting desks in one of these spaces is a great way to grow your network and be part of a community. The chance encounters in the breakout areas, friendships forged at coworking socials, or contacts made at networking events may yield your business' next hire, partner, or investor.
Costing significantly less than rent for a private workspace, coworking leases are cheap and budget-friendly. You only need to pay for the number of desks and meeting room access credits that you need so there's no unnecessary expense. Plus, super-fast Wi-Fi, printing, utilities, and sometimes even tea and coffee are all included in your single monthly rent payment - it couldn't be simpler!
Quick and easy move-in
Already fully-furnished with everything you need, coworking spaces are often available to move into almost immediately. Don't have the time or resources to worry about kitting out and decorating your new space? A coworking space takes away all this hassle by providing everything you need.
Since the Covid-19 pandemic forced many organisations to go remote, many of us have come to love the hybrid working life - a happy medium between being a total digital nomad or full-time in the office. With their flexible space priced by the desk, coworking offices are ideal for the modern hybrid business.
Variety of work environments
Coworking spaces are perfect for activity-based working because they provide a range of different spaces. Meeting rooms and conference rooms are perfect for big planning sessions while laid-back kitchens and cafes are ideal for throwing ideas around. Quiet workspaces mean that you can focus on heads-down work, while communal break-out spaces provide a great opportunity to chill out and socialise. More so than traditional offices, coworking spaces allow people to be flexible in how and where they work.
At significantly lower prices than traditional offices, renting space in a coworking office makes prime locations more accessible. Enjoy a buzzing location in the heart of London's Shoreditch or Soho; find the perfect spot in the middle of Edinburgh or Bristol - you'll get all the benefits of an enviable address and excellent transport links at a fraction of the cost.
How Popular is Coworking?
With all these amazing benefits, it's no surprise that coworking has seen a surge in popularity around the world, especially in London and other major cities. By 2024, an estimated 42,000 coworking spaces are expected to exist around the world. It has even been estimated that one new coworking office space opens every five days in London!
Find Your Perfect Coworking Offices
Future Squared's mission is to find the ideal office space for your business. We'll match you with exceptional coworking spaces all around the country, including:
- Central London
- South London
- North London
- City of London
- West London
- East London
... and many more in the United Kingdom and Ireland.
To find creative office space near you, please get in contact with us today.