These spaces typically include offices (shared or private), but also lounges, meeting rooms, and sometimes even gyms or nap rooms. In this article, we review the main pros and cons of coworking.
The pros of coworking
A welcoming atmosphere
Coworking spaces offer a friendly environment where members can interact, exchange ideas, and build social connections. This fosters professional networking with people of different ages, backgrounds, and expertise. Many coworking spaces also host events such as breakfasts or after-work drinks, creating opportunities for members to get to know each other and build a sense of community.
They are also an excellent way to break isolation, particularly for freelancers who may otherwise feel disconnected. Similarly, coworking can be an ideal solution for remote workers who miss social interaction when working from home.
Reduced rental costs and flexibility
One of the biggest advantages of coworking spaces is the reduced rental cost compared to traditional office leases. Their pricing models have become increasingly competitive, offering businesses flexible options that scale up as teams grow or down when headcount decreases. This flexibility makes coworking a go-to solution for entrepreneurs starting their activity without yet knowing how it will evolve.
In addition, coworking spaces typically provide a wide range of services and amenities: office furniture, high-speed internet, shared printers, coffee machines, concierge services, fruit baskets, business registration services, and more. Some even offer healthy snack dispensers, like the eco-friendly BulkBar, stocked with organic, package-free nuts, dried fruits, and cereals.
Increased productivity
It’s not uncommon for companies from the same sector to share a coworking space. This creates opportunities for partnerships and synergies, which can boost productivity in the short, medium, and long term.
Coworking spaces also take care of building management, supplies, and internal events – tasks that would normally fall on the employer. This frees up companies to focus fully on their core business.
The cons of coworking
Lack of confidentiality
For companies working in open-plan coworking areas, maintaining confidentiality can be a challenge. Businesses developing innovative projects or handling sensitive information may be better off renting private offices to protect their work from competitors.
Noise and distractions
Coworking spaces are often lively and dynamic. People chat, collaborate, brainstorm, or take calls, which can be disruptive for those who prefer quiet environments.
This drawback can be mitigated by creating specific zones – quiet areas for focused work, and separate areas for phone calls or conversations.
Potential loss of time
For sociable or talkative people, informal chats over coffee or casual interactions with other coworkers can sometimes become distractions that reduce efficiency.
That said, these interactions also contribute to a sense of community and well-being, which are known to boost long-term productivity. As with everything, it’s a matter of balance.
Conclusion: weighing the pros and cons of coworking
In short, coworking provides an attractive alternative to traditional office spaces, whether for independent entrepreneurs or larger organizations. Among the advantages and disadvantages of coworking discussed here, flexibility and social interaction stand out as the most compelling benefits.
However, coworking is not suitable for every individual or every type of business. It’s important to carefully evaluate your company’s needs before making a decision.
For more information, you can contact the Belgian Workspace Association to ensure that your chosen space aligns with your working style and that of your team.
Published on 06/10/2022
