What Factors Should You Consider When Looking for a Coworking Space?
Coworking spaces offer many advantages for business owners, traveling professionals, contractors, and more. But with so many coworking spaces available in highly populated areas, it’s hard to know which ones will fit your needs best.
Which factors should you consider when looking for a coworking space?
The Changing Dynamics of Coworking Spaces
Choosing a coworking space is, in many ways, more challenging than ever. That’s because there are so many options available to you. In most major cities throughout the United States, there are dozens of different coworking spaces to choose from, each of which has different aesthetics, a different selection of amenities, and different pricing.
Still, this diversity of available options makes it possible to find a more appropriate fit for your business or professional needs.
According to Lucas Seyhun, founder of The Farm SoHo, “It’s hard to generalize about the needs of our clients. We serve many people from many industries and backgrounds, so we try to maintain a diverse assortment of coworking spaces for them to choose from. Instead of searching for a ‘perfect’ space, it’s better to search for a space that perfectly fits your unique needs.”
What Factors Should You Consider When Looking for a Coworking Space?
These are the most important factors to consider when looking for a coworking space:
- Location(s). One of the most important factors you’ll need to consider is the location of the space. This is where you, and potentially your team members, are going to be working most of the time. It typically doesn’t make sense to choose a coworking space that’s an hour or more away; instead, most people choose spaces that are conveniently accessible to them. It’s also sometimes worth shopping around for a coworking company with multiple locations, assuming you can get access to those locations with a single subscription.
- Size/space. Next, you’ll need to consider the size and space available within the coworking space. If you have a large business with many individual team members, you’ll need a space that can accommodate you. Even if you’re working solo or with a small team, you may prefer a space that has more square footage, so you can feel comfortable growing within that space. Some people also prioritize coworking spaces with large offices or desks, so there’s ample room to complete your most important work.
- Design/aesthetics. It may seem like design and aesthetics are superficial considerations, but they can have a meaningful impact on your productivity as well as the appearance and professionalism of your brand. Do you prefer something more modern or more rustic? Do you want something more stimulating or more minimalistic? It’s entirely up to you.
- Environment. Because coworking spaces have exploded in popularity and availability, you’ll have a wide range of different environments to choose from. Some coworking spaces are naturally quiet and focused, with most people simply burying themselves in their own work. Others are busier and more bustling, with people networking with each other and collaborating. Different types of environments work for different types of teams.
- Amenities. You’ll also need to consider the amenities that are available. These days, most coworking spaces have all the basics you would expect, including internet access, free coffee, and desks or offices for individuals. That said, the quality of things like the internet connection can vary – and you may have requirements for certain specific amenities, like meeting rooms.
- Security. Next, think about the security of the location. Is the coworking space located in a relatively safe area of town? Is there available parking? Is the area well-lit at night to prevent possible crime? Are there security guards available? What measures are in place to discourage theft and break-ins?
- Costs. Obviously, you’ll need to think about costs as well. Many coworking spaces operate with a simple subscription model, entitling you to spatial access and certain other benefits with a flat monthly subscription. Others provide services and amenities more a la carte, allowing you to customize your own plan. Coworking spaces naturally vary in terms of costs and benefits, so you’ll need to weigh both in your decision.
- Plan flexibility. Some entrepreneurs and professionals also need to consider plan flexibility. If your business grows rapidly, or if you find yourself with changing needs in the future , how easily can you make adjustments?
If you’re ready to start looking for your next coworking space, start generating a list of spaces in your area. Narrow your focus to only coworking spaces to which you’re willing to commute, then start evaluating other features and qualities, based on your personal priorities.
When you have a few reasonable candidates, start touring them in person so you can evaluate them in greater detail.
