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(727) 725-2745
16703 Early Riser Ave. Land O' Lakes, FL 34638

How Coworking Spaces Help You Save on Travel and Commute Expenses

How Coworking Spaces Help You Save on Travel and Commute Expenses

Why travel to the office when you can travel to a coworking space?

Commuting to work is a wasteful way of spending your hours when you can be spending your precious time on personal and professional responsibilities. Yet, millions of Americans still get stuck in traffic each day as they commute to their offices. So, it is baffling why companies and employees are still not considering coworking spaces for cost-efficiency and better productivity.

For instance, a consumer survey by Statistica revealed that 30% of Americans travel at least an hour each day to and from work. About 17% of them waste two hours each day commuting. If they had a choice, nearly 7 in 10 Americans would prefer a hybrid workspace because of flexibility.

Coworking Space Benefits: Save money on public transportation and gas expenses

The pandemic drove home the importance of “me” time. But, as people spend more time with their families, they realize that there’s more to life than work. So, it’s time for companies to shift their mindsets, consider hybrid schedules, and institutionalize remote working and shared offices.

Remote working employees will be happier in the long run since they have more time for their families and avoid the office’s pressured environment. Even if they are only pumping in $200 a month on gas, it’s already a lot of money.

In real terms, $200 is two weeks’ worth of groceries for some.

Choosing coworking spaces

Private offices are already move-in ready and can accommodate one to three workers. You can lease one for an affordable rate.

If you have a gas allowance for your workers, you can take that budget and reallocate it for the coworking space. Nevertheless, this is a good investment considering that you are creating happier and better-engaged workers.

You can even scale the coworking space into team offices. These team offices have 24/7 access, high-speed Wi-Fi, customizable furniture, and can accommodate 32 people.

Advantages of coworking spaces

Coworking spaces not only give you benefits inside the office, but also in terms of commuting and traveling.

  • Save gas on long commutes – Depending on which state they live in, the average American spends between $400 and $1,400 each month on gas alone. They can use the money they save on more important things by avoiding a traditional office and moving into coworking spaces in Pasco or Clearwater.
  • Avoid traffic – Before the pandemic, commuters wasted 54 hours annually due to traffic. But this dropped to only 26 hours in 2020, resulting in $3.4 billion in savings for the motorists. It only goes to show how the value that coworking spaces offer.
  • Avoid delays and travel issues — About 6% of workers are late for work, a problem that a digital nomad does not share since they bring their work anywhere. Shares offices will help you ditch public transportation as you get to work on your mobile device whenever necessary.
  • Enjoy amenities – Coworking spaces work like private offices where workers can finish their tasks in relative comfort and convenience. Some even have meeting rooms and conference rooms for privacy when you have to discuss sensitive topics with your boss. Wellness memberships provide an avenue to avoid stress and keep a healthy body and mind.

Fortunately, more and more people have seen the value of our offices and coworking space benefits. As a result, the coworking spaces industry is growing despite the setback brought about by the pandemic.

According to data, the industry is set to hit $13.03 Billion by 2025 with a CAGR (compound annual growth rate) of 12%. It is hardly surprising since they pick a coworking office second to working from home.

If you are still hesitant about a remote working setup, feel free to contact 4&Co. for more information. 4&Co. is a coworking space offering shared offices for employees located in Land O’Lakes and Clearwater, Florida.

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