5 Tips for choosing the Right CoWorking Space or Business Centers

Jasmine Thomas
Nov 3, 2023
3 min read

CoWorking has gained a lot of momentum in the past few years and it has become very important how one selects the right CoWorking Space. There are various reasons to choose a proper office space, and these reasons vary from person to person and company to company. We have curated a lot of leads and studied our client persona to find out what influences a client to select a Business Center.

LOCATION

Choosing the right location also depends on multiple factors. A start-up founder may find it convenient to get an office space for rent near his or her residence, however if its a start-up looking to expand in the near future, then a Business Center located in a busy commercial area makes a lot of sense. The same goes for an established company which is hiring, as its easier to find talent at such places which are surrounded with techparks and what not. Therefore, a location with good public and private transport connectivity and abundant talent pool is always the best choice to have.

FACILITIES

A workstation size or the distance between 2 workstations is something which has gained importance due to social distancing / physical distancing coming, number of monitors, nature of work etc. Other facilities which are deciding factors for the correct CoWorking Space include reception, 24/7 access and security, high speed internet, airconditioning hours, quality of furniture, no of meeting rooms, cafeteria size, inventory and availability of breakout and recreational areas. All these facilities play a vital role when you decide to get an office space on rent.

COMMUNITY TYPE & SIZE

CoWorking has not only changed the commercial real-estate industry in terms of leasing, but also the culture at office spaces. With Coworking, the interactions between people from different organizations are bound to happen, business synergies leads to collaboration, innovation and a lot more which is highly beneficial for start-ups, freelancers and SMEs. Therefore, getting some decent information about the nature of companies housed at a Business Center beforehand is a good idea. And it's always better to go for a CoWorking space with multiple entities and good number of people rather than opting for a space which has a few companies with high headcount.

Also Read - Key Role of Entrepreneurship in the Economic Development of a Country

BENEFITS

Well, who doesn't like freebies or value added services. These days most of the CoWorking Spaces offer complimentary services such as printing / photo-copying / scanning. meeting room usage, tea/ coffee and free usage of recreational areas. As a start-up or freelancer it doesn't make sense to burn a lot of money, and these benefits could save you a lot of it.

YOUR NATURE OF BUSINESS

If you feel that your business needs privacy or not much interaction within the community at a CoWorking Space, then you may choose to opt for an enclosed or a private office. You can find a private office space for a small team-size or even larger teams. On the other hand, if you have employees who would end up using the space minimally, you can go for flexible seating option in an open Coworking area. This would help you cut your recurring cost. A space which offers hourly and daily usage of seats is very ideal, where you have flexibility in terms of managing your employees.

PRICING

The last but not the least important factor in selecting a CoWorking Space is the pricing. You could compare rates of multiple CoWorking Centres and then work out the pros and cons of each to arrive at a decision. If you are a freelancer and you are looking at just a desk space without much facilities and benefits, you can go for a very competitively priced business centre. On the flipside, if you want to offer a great work-experience to your employees, you may choose a better office which ofcourse would come at a higher price.

In a nutshell, its always better to know what your business needs and then choose the CoWorking space accordingly. Do comment, if you have more suggestions and tips.