All You Need to Know About Coworking Spaces

From the basics to the available types, find out everything you need to know about coworking spaces before deciding if it fits your business.

Coworking spaces are popping up worldwide as more people choose to freelance or work remotely. But what exactly is a coworking space? What are the types and the benefits? This article will look at the history of coworking spaces, the different types of coworking spaces available, and the advantages they offer.  

What Are Coworking Spaces?   

Coworking spaces are shared offices or work environments typically used by freelancers, remote workers, independent professionals, and entrepreneurs. These spaces provide a collaborative environment where like-minded individuals can come together to work on projects, share ideas, and network.   

The history of coworking spaces can be traced back to the early days of the internet, when telecommuting became popular. Spaces were often set up in coffee shops or other public places where people could gather to work on their projects. As coworking became popular, dedicated coworking spaces began to pop up, offering standard amenities like Wi-Fi, desks, and conference rooms.   

The term “coworking” was first coined in 2005 by Brad Neuberg. He wanted to create an alternative to working alone from home or in a traditional office. He established the first coworking space in San Francisco, which quickly caught on with other freelancers and remote workers. There are currently thousands of coworking spaces around the globe, ranging from small, local operations to large, multi-national companies.   

Types of Coworking Spaces   

Various types of coworking spaces are available to suit the needs of different kinds of workers. Here are some of the most common types:   

Shared Offices   

Shared office spaces are typically rented by the month and offer access to desks, chairs, conference rooms, and other common areas. These spaces are ideal for freelancers or remote workers who need a place to work outside of their homes.   

Dedicated Desks   

Dedicated desks are assigned workspaces which a person or a team can use. These desks are often located in shared offices or open-plan coworking areas.   

Private Offices   

Private offices are enclosed workspaces that businesses or teams can rent. These spaces offer more privacy than shared or dedicated desks but still allow for collaboration with other members.   

Virtual Offices   

Virtual office spaces are ideal for freelancers or remote workers who only need a business address without a physical workspace. Access to meeting rooms or conference facilities is also available. 

Benefits of Coworking Spaces   

Whether you’re a freelance professional or a small business owner, coworking has many advantages. Here are just a few of the benefits:   

Flexibility   

Coworking spaces offer flexibility, ideal for freelancers or businesses with fluctuating needs. You can simply rent a shared desk or private office on an as-needed basis.  

Community   

Coworking spaces provide an opportunity to connect with other like-minded individuals. This can lead to collaboration on projects, the sharing of ideas, and the formation of new relationships.   

Networking   

The networking opportunities that coworking spaces offer are one of their most significant advantages. By working alongside other professionals, you’ll have the chance to meet potential clients, partners, or investors.   

Amenities   

Amenities of traditional office spaces such as Wi-Fi, meeting rooms, printers, and coffee machines, are offered, saving time and money.   

Cost-Effective   

Freelancers or small business owners need only pay for the space and amenities they need. There is no need to pay for overhead costs that come with leasing an office.  

Productivity   

Surrounding yourself with other creative professionals and feeding off their energy can help boost your productivity. Conversations with another professional aid in creating your best work.  

What to Consider When Choosing a Coworking Space 

You may be wondering how to choose the ideal coworking space to suit your needs. Here are a few factors to consider:  

Location   

The location is essential, especially if you’re looking for a space to use regularly. Convenience is important when choosing the type of environment you’re looking for.   

Size   

The size of the coworking space is also an important consideration. For daily users, a larger space with plenty of room to grow is ideal. However, a smaller space may be ideal if you only need a workspace a few days per week.   

Type of Space   

Coworking spaces come in different types. It’s essential to consider the type of space you’re looking for.  

Do you need a private office, or would a shared desk suffice? Are meeting rooms and conference facilities essential for the work that you do? Choose a space that offers the amenities and features you need.   

Cost   

You also have to consider the cost of the coworking space when making your decision. Be sure to compare the cost of different coworking spaces and choose one that fits within your budget.   

WorkBase – your Perfect Coworking Space in Malta  

Most coworking space users are freelancers, but many small businesses and remote workers are now taking advantage of the benefits. Whether you’re a freelancer, a small business owner, or a remote worker, a coworking space is suitable for you.   

With so many different types of coworking spaces available, there’s sure to be one that fits your needs. And with the numerous benefits that coworking offers, there’s no reason not to try it! WorkBase is the newest coworking space in Malta. WorkBase provides all the amenities, convenience, and community you need to help your business grow.    

Are you still looking for a coworking space in Malta that will suit your needs and more? Get in touch with us today