Future of Coworking

Coworking spaces have transformed the way we work today. It not only provides flexibility , it also takes care of the basic amenities such as desk space, electricity , internet connection and all a person has to do is to pay for their space at a reasonable price. Unlike the tranditional set up where one has to do asset purchase and bear all the overheads that came with it.

It is estimated by the end of the year, there will be over 26,000 Coworking space globally. Furthermore,  10 % of office spaces are occupied by coworking and are expected to rise to approximately 25 % in the next few years.

Surprisingly, the working population today likes to perform to their own timing and there is one crowd in particular that prefers a coworking environment.

According to forbes, millennials are especially fond of coworking spaces for a few reasons, namely, affordability and not having to worry about the overheads. However as the workforce changes, Coworking space also needs to evolve itself to remain relevant to the dynamic, new working age population. Here are some ways the future of coworking spaces can shape the new age of work.

Revamp workplace strategy

Be it an enterprise or a Coworking workplace, the people managing these organisations need to understand the mindset of the youth population, who are the future of the workforce. Millennials will soon become the new elders and will more likely attached with their existing business. Gen Z , on the other hand, seeks experiences and a better work life balance.

Collaborative working environment

Every working professionals these days seeks to work in a place that has a conductive work environment with enhanced collaboration and accessibility. This means less silo departments and more collaborative spaces with an employee-centric workplace.
As the way work changes, coworking space should be able to physically change as well. A coworking space that is more collaborative, offering wellness programming or a robust and dynamic design plan that puts employee needs first, without sacrificing productivity, will help companies easily align with the younger generation of workers seeking long-term careers.

Amenities

Most coworking spaces providers offer a huge basket of services to their partner companies like locker rooms, courier services, cafeteria , gaming zones, gym facilities among others. These amenities help in assisting employees by making all the essentials available at a click of a button.

Workspace design and setup

A cubicle is a thing of the past and today's generation will most likely not join a coworking company that still has this type of setup. Soft furnishing that can be changed with the needs of the office and through subscription services more popular than ever and for good reason. A coworking space that gives people the power to make their own space will be more successful in retaining talent. Business wise it makes sense as there will be less waste and consumtion which allows for more flexibility to create the workspace of the future, Telephone booths, hot desking, an open workspace setup are here to stay for the long run.

Recreational events and corporate training workshops.

Employees look forward to work in a collaborative workplace with engaging recreational activities. Most coworking spaces have dedicated activity rooms and recreational areas their campus to help companies keep their employees motivated and engaged.
Some coworking spaces also arrange weekly events like coffee painting, Karaoke , Zumba fitness , baking sessions etc to help employees rewind and relax. Off late, most coworking space providers have started arranging corporate training workshops in the office premises to help employees revamp their existing knowledge and skills.
Such networking opportunities and exposure helps in keeping the employees motivated and increase their productivity.
Coworking spaces need to understand the demands of the modern workforce and continuously innovate to provide state-of-the-art workspaces, adept with all the latest technology, amenities and recreational activities.
The future of coworking spaces rests on their relevancy and adaption to the needs of the modern workforce.

Work Studio Coworking.