Why Major Companies are Moving to Coworking Spaces

Benefits of Coworking Spaces

Initially, coworking spaces offered a professional, flexible work atmosphere for young creatives, startups, and freelancers who were looking to bridge the gap between working from home and investing in an office space. With so many of today’s business leaders starting up their careers in coworking spaces in the mid-2000s, the idea of using coworking spaces for a large company’s temporary or remote office space needs is more appealing than spending a bunch of hours and money flying employees to their corporate headquarters to attend meetings in person when using today’s technology allows for other, less expensive options.

Moving directly into coworking spaces, attractive for the convenience and amenities

Coworking spaces made a lot of sense with immediate access to upscale workspaces without going through the process of setting up shop on your own. Sidestepping the expense and time required to lease an office space, never mind purchasing office supplies, office equipment, office furniture and who knows what else in order to just get up and running, coworking spaces offered all of the amenities of a well-appointed office space without taking your focus away from developing your business. Also, for startups with uncertain futures, coworking spaces offer a professional environment that scales to your office space needs as your company evolves.

Some of the largest tech companies began in coworking spaces

While some of the largest tech companies today got their start in coworking spaces – Spotify, Instagram, Uber, Wanderfly, Charity:Water and IndieGoGo, among others –  coworking spaces haven’t really been able to shake their association with young entrepreneurs and tech startups . . . or have they?

Corporations now account for 40% of coworking space membership

It seems large businesses are finding coworking spaces preferable to establishing their own physical presences in some places. Even though we all know that large corporations possess the resources to expand into their own new spaces, coworking spaces offer instant connectivity, polished surroundings, amenities and so much more.

Perhaps, as businesses grow more mobile and global, the impact of a physical footprint on communities doesn’t mean as much as it did in the past. However, it’s not just the convenience of monthly leases or the free coffee and water that are drawing large businesses to coworking spaces, it’s . . . well, it’s everything.

Instant temporary digs

Coworking spaces come in handy for major companies as they work out the particulars of an expansion into a new geographic area. Bringing staff together or interviewing for positions at a new location can be easily accommodated at coworking spaces. With flexible contracts, coworking spaces offer semi-private offices for recruiting as well as boardrooms for brainstorming. Semi-private office spaces are ideal when teams need to convene and tech-savvy virtual office spaces work for conference calls and Skype meetings with corporate.

A community atmosphere

Many coworking space studies, like these in business.com or Harvard Business Review, have shown an uptick in productivity among professionals working in coworking spaces. Not unlike going to the gym on a regular basis, when you work out around other people, some people find motivation and focus, while others naturally switch into competitive mode, working harder than they would on their own. Just a little bit of healthy competition can keep eager business professionals working steadily towards the same goals of success. Survey subjects said coworking spaces not only helped with productivity but with confidence, self-esteem, and motivation.

Major companies can save some money that they can invest elsewhere

Why not save some money when venturing into new territories? Corporations can cut outfitting costs and the overhead required to acquire and maintain an office by setting up shop at coworking spaces in different locations. Major companies also save time by instantly getting their coworking spaces up and running. With monthly leases tied into one payment, corporations save time and money on accounting services as well as other ongoing expenses corporations incur in the day-to-day of office management. And, there’s more.

Coworking vibe can’t be found in most corporate office spaces

While your company may have the hippest vibe in town, dedicated office spaces can’t really generate the same electric atmosphere that’s palpable in most coworking spaces. A sense of creative innovation and the capacity to change the world underlies the excitement of turning professional passions into lucrative realities. The creative process hums like a pulse in coworking spaces, igniting ideas and fostering collaboration. New ideas evolve into new projects.

Connecting with the larger community

Networking and collaboration are built into the very definition of coworking spaces; they offer ties to a larger community than traditional office environments. Not just a number, a common downside of the traditional corporate structure, coworking members get to know other members and discover resources they can bring to their specific corporate cultures. Social activities and networking events lend themselves to finding new talent for large companies as corporations take advantage of recruiting the talent they need from coworking members they already know they’d like to hire.

At Venture X Naples, we welcome major companies as part of our diverse, growing membership. In the up-and-coming North Naples area, the Mercato plaza is home to many popular dining, shopping and entertainment venues that offer many options for Venture X Naples members to impress clients, celebrate team successes or to just take a break from their business days.

Contact us to schedule a visit or reserve a workspace. Large companies, small companies, startups, and others can all find the right working space for their business needs at Venture X Naples. Join us and experience the excitement of interacting with other business professionals, as well as exploring the many options for grabbing a bite or taking a well-deserved break such as heading to the beach that’s just a five-minute bike ride away!