Is Joining a Co-Working Space Worth the Money? - Deepstash
Is Joining a Co-Working Space Worth the Money?

Is Joining a Co-Working Space Worth the Money?

Curated from: realsimple.com

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The Popularity of Coworking Spaces

The Popularity of Coworking Spaces

Coworking spaces have been popular in big cities for many years, especially for small businesses, freelancers, and other flexible workers

The pandemic showed many companies how much productivity and employee satisfaction was possible without a group office setup. So co-working spaces are becoming attractive opportunities for mixing the benefits of in-person meeting space with the flexibility to work when and where you want. 

Many companies may even choose to pay for a co-working membership for their team—but for individual workers who are considering footing the bill themselves, you have to make sure the math works out for you.

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Potential Cost-Saving Benefits

  • Compare any direct alternatives: If you'd spend $4 per workday picking up a latte somewhere and your co-working membership includes a tasty unlimited coffee bar, you can factor in that savings.
  • Another source of benefits includes anything you don't have in your work-from-home setup currently (quiet rooms or meeting room use, communal printers and office supplies, snacks, dedicated parking spots, and an office address so you can receive mail)
  • For workers who normally don't see anyone all day if working at home, the community aspect of a co-working space can be the major advantage. For some, the community aspect could lead to the growth of their company due to collaboration. 

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Costs and Considerations

Many co-working memberships can quickly become more expensive than even a small traditional office space, however.

The key, it seems, is to evaluate the options available in your area. Workers who have access to a quiet, private office at home will have to find more common co-working benefits useful than someone whose home is small or otherwise a poor fit as a workspace.

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