It is the time of start-ups. Every other day some new start-ups are getting launched in the market. And so there are more companies as well as employees nowadays then there were before. But for budding start-ups, capital is a significant issue. So, extra expenses like WiFi, furniture, conference rooms, kitchen and snacks areas, etc. become a burden. All these things are necessary for an office, and without them, an office cannot run. And that’s where coworking spaces come to the rescue. Now you must be asking what coworking spaces mean. In today’s article, we’ll not only discuss what they say but also provide you with a list of best coworking spaces. So let us begin by understanding what the term means.
- What are coworking spaces?
- Who can use coworking spaces?
- What should an ideal coworking space have?
- Top 7 coworking spaces in US
- Top 10 coworking spaces in India
- Pros and cons of coworking spaces
What are coworking spaces?
Coworking spaces are places where employees of many companies are provided spaces to perform their official works. Many companies share the area at a time. There might be around ten companies working out of a single building. The best coworking spaces provide all kinds of facilities one company may need for proper functioning and charge a minimal charge for it usually on a monthly or yearly basis. Not only can the employees come there to work, but there are also virtual coworking spaces.
What is a virtual coworking?
Virtual coworking spaces are similar to physical coworking spaces only here you can work from anywhere instead of needing to go to a particular place. Like physical coworking spaces, in Virtual coworking spaces also, you can see your position but on a virtual floor plan. Virtual coworking spaces are also getting popular like traditional coworking spaces; some of the best coworking spaces provide both conventional and virtual options.
Are coworking spaces here to stay?
With the increase in companies, countries like India, the USA are focusing more on providing the best coworking spaces to start-ups and coworking companies. Let us look at some of the top coworking companies of 2020 so far before moving on to the list of best coworking spaces. The top coworking companies are:
Who can use coworking spaces?
Let us have a quick look at the list of people who can take advantage of coworking spaces.
The world is seeing a plethora of freelancers now. Almost every profession is seeing the surge of freelancers, due to various kinds of conveniences, freelancing has. The freelancers get the privilege of choosing their working hours and schedule. It can be an entirely different community for the freelancers, who might not want to work alone at their homes.
The start-ups love the concept of coworking spaces. These spaces do not come with high establishment costs and office lease commitments. If the teams are small, the members can get greater affordability of interacting.
What should an ideal coworking space have?
Traditional businesses have changed a lot in the last few decades. One of the best changes is coworking spaces. Studies reveal that more than 2 million people are working in more than 14,000 coworking spaces all over the world. The figure is yet to grow more. We should look for specific ideal characteristics, and a coworking space should have:
What is the main reason, and people want to work in a coworking space? Start-ups often cannot afford an entire building. Also, at the very onset, they might not need a big space. Coworking spaces offer a solution to these problems. Ideally, these spaces should be available at lesser costs.
Always, a place offering the best conducive environment for the workers, should be chosen. The people working should share a great rapport and gel well with each other.
An an owner of a business, everybody would want complete security of their data and other stuff. The co-working space should have the highest safety standards, both offline and online. Space should have security personnel and surveillance cameras, besides providing safety against security breaches.
A very important deciding factor is the location of the coworking space. Nobody likes to commute a lot.
A great working atmosphere in the office can be assured, only when there is a coherent community. Professionals who know how to work together, as well as party harder, can contribute to the successful functioning of a coworking space.
A modern office should have all types of equipment that are needed for everyday work. Right from stapler pins to printers, copiers to a high-speed internet connection, all are necessary.
Millennial workers love staying in shape. Most of them do not get enough time to exercise when they reach their homes. So, if they get the provision of using during office breaks, then no other coworking office could be as good.
8. Conference rooms
If the coworking space has a conference room, it will be one of the best things that one can get. The clients and the vendors will get a peaceful place to hold a meeting.
The workforce today demands beverages and snacks also. A cosy kitchenette or even a lounge bar can work wonders in deriving the best from the office staff.
Below top coworking companies have earned in millions without having an office of their own and using the services of best coworking spaces. So, this shows how impactful coworking culture has in today’s world.
Top coworking companies
- Impact Hub
- Your Alley
- District Cowork
- Make Offices Industrious
- Serendipity Lab
We have understood by now how coworking spaces are ruling the world. Let us look at some of the best coworking spaces. For this article, we’ll mainly focus on the best co-working spaces in India and the best coworking spaces in the US.
Top 7 best coworking spaces in US
It is one of the best coworking spaces in New York. They provide all the necessary services like modern office equipment, easy travel, WiFi, conference room and many more. One can opt for either the private coworking spaces or the open coworking spaces. It has excellent reviews on Yelp for its instant management assistance.
Located in Hollywood, Los Angeles, this is one of the most common names among entrepreneurs and leaders. This company provides private office spaces to its members. Along with all necessary common facilities, they also provide extra facilities like screening rooms, bike program, in-house production and many more. They have three types of coworking spaces like the Gallery floors, Atelier desks and Resident Studios. All three of them come at pocket-friendly rent charges.
3. The Work Lounge
One of the best coworking spaces of Texas is The Work Lounge. It has been used by companies like HelpGabriel.org, a charity organization. Though their prices aren’t available on the internet, you can always schedule a visit to their site from their website. They have rented out spaces to many Fortune 500 companies to perform official tasks without any kind of hindrance.
Companies like Remark Glass, Warrior Boxing and Writtenhouse Records have one thing in common, Bok. This coworking space in Philadelphia has been an active part in the running of these companies. What makes Bok one of the best coworking spaces is its uniqueness. It uses old vocational schools to rent out spaces to entrepreneurs, fashion designers, etc. They also have all the needed amenities in their buildings.
Co+Hoots of Texas, Arizona is known for its membership sustained coworking spaces. They have four different types of memberships available to customers. Co+Hoots provides features like Foundation Free advertisement days, Peer-to-peer mentorship program, industry-specific meetups, networking happy hours, etc.
If you’re an entrepreneur living in or near San Antonio, Texas, there’s a meagre chance that you haven’t heard of this coworking space. It is known as San Antonio’s ‘Heartbeat of the start-up ecosystem’. They don’t believe in deposits, contracts or leases and only take rent every month, making it easier for companies. They provide all the general amenities along with extra amenities like on-site staff, conference rooms, cosy nooks and shared communal spaces for the employees to chill their minds from the heavy workload.
7. Downtown Works
Downtown Works is another one on the list of best coworking spaces, that is situated in San Diego of California. This coworking space is built for new entrepreneurs by experienced entrepreneurs. They are a premium monthly or long-termed membership-based service. One can find amenities like coffee, tea or even local crafted beer at Downtown Works. The building is accessible 24/7 and can be accessed through both mobile app and keycards. They also provide virtual office services amongst many others.
After looking at some of the best coworking spaces in the US, let us turn our focus to the East and look at some of the best coworking spaces in India. Like the ones in the US, even the Indian list is in random order and not a serial order.
Top 10 best coworking spaces in India now
Though new in the market, Unremot is becoming one of the top virtual office services in India. They provide all the needed services like conference calls, screen-sharing, task management, calendar, etc. to their members. Unremot was launched by Shiju Radhakrishnan, Nishant Kumar and Chitra Parija in January 2020. They go by the motto of ‘Reclaim your virtual spaces- go public, go Unremot’.
WeWork, after its launch in 2010, has become of the top coworking spaces all over the work. They have around 839 locations across the globe. In India, they have 38 centres working in 6 locations.
This Chandigarh based coworking space is already creating hype in the start-up market. They are known for their creative and flexible coworking spaces. Their goal is to relax entrepreneurs from worries related to office spaces and focus on their work more. They provide services like private offices, shared working spaces, event spaces, meeting rooms, and many more.
4. Innov8 Co-working
Launched in 9 locations all over India with 21 working centres, Innov8 is known for its ergonomically designed office spaces. Its service is best for start-ups and freelancers to work freely without worrying about office spaces. This helps them focus more on their jobs, increasing their efficiency. Innov8 is available in places like Mumbai, Navi Mumbai, Gurugram, Delhi, etc.
Gaming spaces, 24×7 access, cafe facility, high-speed WiFi connection, chill zones, you name it, 91SpringBoard has it. This cool co-working place is making its mark in the start-up market. It also lets the members pay on several employees basis. Currently, 91SpringBoard has its centres in Noida, Gurugram, Delhi, Bangalore, Mumbai, Navi Mumbai, Goa, Hyderabad. This company is considered to be one of the best co-working spaces because of its cool features.
If you want relaxed and vibrant workspaces with ergonomic designs, Cowrks is your option. This co-working space provider also provides other facilities like cutting-edge tech, top-notch hospitality. They have different kinds of options like one-click workspaces, custom-built workspaces, private workspaces, etc. They are available currently in Delhi NCR, Bangalore, Mumbai, Hyderabad, Bangalore.
Founded by Amit Ramani in 2015, this co-working space was developed to promote the sharing economy module of business as a modern tool for working solutions. Awfis provides its members flexibility in choosing working hours, sitting areas, meeting rooms, private seating, cabins and fixed seating. They are available in 7 locations, i.e. Kolkata, Pune, Hyderabad, Bangalore, Gurgaon, Noida and Mumbai.
8. The Daftar
The Hindi translation of the term ‘the office’, The Daftar is another cool one in the list of best co-working spaces. It provides growth ready expansions, networking and community building services to all the members. The Daftar is the perfect choice for SMEs, Initial-stage Founders, Freelancers, Branch/Remote offices. It is working only in Pune as of yet.
9. Rent a Desk
Another one in the list of Indian best co-working spaces is Rent a Desk. It provides its members with workspace and networking services in an innovative and suitable environment. It is currently available in Hyderabad.
10. Cowork Cafe
This one from the list is famous for providing the clients with all the facilities like separate cubicles, locker facilities, etc. They also provide laptops on rent to their clients for work purposes. It is currently available in Bangalore only.
Let us now look at some of the pros and cons of coworking spaces:
Here are some of the Pros of coworking spaces
1. They can be cheaper than leasing a complete office property.
2. One doesn’t need to spend extra on the additional amenities.
3. A sense of community builds up overtime working in a coworking space.
4. The management keeps updating the services and amenities from time to time. So you don’t need to worry about spending extra cash on them.
Here are some of the Cons of co-working spaces:
1. There might be restrictions and regulations put up by the space owners.
2. Though it builds up bonds, having many people around all the time might also act as distractions while working.
3. The renting and other costs might still be out of budget at times for the potential members making it difficult to take the services for their workings.
4. There might be a breach of privacy in many cases, as many people from different spheres are coming together under one roof for working purposes.
Though there are both pros and cons to coworking spaces, it can’t be denied they are the new trend. It can be said that coworking spaces are a boon for people with no capital to spend on building offices. Also, it makes working more comfortable, especially with the help of virtual offices and cutting-edge technologies. So companies can run smoothly without worrying about extra expenses on needed services like these.