How do you select the best coworking space for your needs?
Coworking spaces have been gaining popularity in recent years- and more so now that the pandemic has forced many businesses to go remote. Nowadays, companies gravitate towards more flexible workspaces to promote fresh ideas and creativity among employees. Likewise, small organizations like startups, small businesses, and new entrepreneurs find value in coworking spaces as a more stable work environment for their teams. Given how popular coworking is today, you might be overwhelmed with all the spaces to choose from. So naturally, you want to make sure to find the best coworking space to fit your team’s needs and your company’s objectives. To help you in your search, here are the main factors to consider in your decision.
Location is perhaps one of the most important factors to consider when choosing a coworking space. Think of it as if you were selecting a location for your office. You want it to be convenient for employees, clients, and partners.
At the same time, you should check if the location is accessible via public transit and estimate how long the commute would be for your team. Make sure you also assess parking availability and costs if you meet up with clients occasionally. You should also inspect the area for nearby conveniences like restaurants to ensure that your employees have somewhere to eat if needed.
Above all else, safety should be at the top of your priority list. Even if you have to pay a bit more to secure a good location with low crime rates, it will be worth it if it means your employees are safer while working.
In line with the previous point on safety, security should be another important consideration in selecting a coworking space. Most likely, your employees will be carrying gadgets like their laptops when heading to the office. Thus, you want to ensure that the place has adequate security for workers and their belongings.
The best coworking space will have concierge services, lockable storage units, and other similar members’ features. If the place is open 24/7, you should also check on the security measures in place to ensure that your workers are safe at any time of the day.
Next, determine how much you can afford to spend on your office space. The nice thing about coworking options is that you are not required to sign a long-term lease, which gives you more flexibility with your rental duration.
Before starting your search, plan out your budget and how long you plan to stay in that working space. It is particularly important for startups, since you likely have limited financial resources and need to make calculated investments
Naturally, you want to find a place that gives you the best value for money. Of course, there is nothing wrong with investing slightly more if it also means getting much more in return. But just ensure not to stray too far from your budget.
One of the advantages that coworking spaces have over traditional offices is the inclusion of office amenities and supplies. Thus, if you are looking for the best coworking space, you should find one that has all the amenities your team needs to work productively.
Some essential amenities to look for would be WiFi, conference rooms, good chairs, printers, and 24/7 access. Of course, it would also be a plus to get other perks like free coffee and snacks, and a warm community to welcome your employees.
How large is your team? Among your employees, how many will be working simultaneously, and which of them will be rotating in shifts? These are just some questions you should ask to determine the optimal capacity for your coworking office. Most coworking spaces offer different desks and rooms for varying team sizes, so you just need to make sure to find a place that can accommodate yours.
Businesses often assess the best coworking space based on their current needs. While this is important, it also helps to consider your future plans in the equation. As your business scales, your needs will change, and you may need a bigger space to fit your growing team. Thus, you should assess how easily you can scale your office space as required.
Sign Up for the Best Coworking Space Today
Finding the best coworking space can be quite challenging, given all the options you have today. However, with careful consideration and planning, you should be able to narrow your choices down to a final place. 4&Co. is here to help you find a coworking space that fits your needs.
We offer a range of workspace memberships that you can explore to accommodate businesses of different sizes and teams. For more information, call us today at (727) 725-2745 to schedule a tour of our facilities!