The closest we came to coworking was by working in a local coffee shop. The coworking industry has been booming since then. You can walk through any major downtown in the U.S. and you will find a number of coworking spaces. Coworking is a trend that has spread to smaller cities as people realize its many benefits. The coworking trend is said to reduce stress by giving workers more control over the working environment and less long commutes. The coworking industry also helps businesses cut costs improve employee morale and increase productivity. There is a good reason why companies of all sizes and industries invest in the coworking sector. To help you decide if coworking is right for you and your business we’ve compiled a list of benefits of coworking.

Less Stressed Happier Employees

While many workers are happy to work in a cramped and oppressive cubicle environment it is not ideal for the majority of them. Many workers while they are all different value the freedom to move about. You don’t need to descend ten floors in an office building to get some fresh air. Instead you can walk for 30 seconds across the coworking floor! Employees need flexibility to do their jobs well. Coworking allows them to have this. Unsatisfied workers often experience burnout which can lead to a massive drop in productivity. It also increases stress levels. Allowing employees to cowork will relieve them of the aggravating commute and give them a feeling of control over their circumstances reducing their stress.

The Productive Operation

When employees are relocating to remote work coworking spaces offer the most productivity. Coworking spaces provide a change of pace that makes employees more productive. Coworking is especially beneficial for small businesses and entrepreneurs who are used to working at home. Remote working is an excellent option to help businesses split their workforce. Recent events have prompted many companies to look for ways to do this. They make the mistake however of allowing their employees to work remotely from home rather than working remotely out of coworking spaces. It is not productive to work from home. Distractions like children pets and chores can slow down the workflow. If you want to increase employee productivity coworking is a great option.

Savings on Costs

These leases are typically only available to larger companies or those who are doing well. These leases have many disadvantages which can be a deterrent to smaller businesses. This is because traditional office leases do not allow for scalability. Your business will grow and change over time. You may be stuck if you need more or less space in the office. The lease could only last a set amount of time. The coworking agreement is usually for a month-to-month basis with the space that you rent being easily changeable. Renting out more space is a great way to scale your business if you are having a good quarter. Businesses can save money by using this control to rent office space!

The coworking phenomenon has been sweeping the business world for many years. These flexible lease solutions are helping small businesses and entrepreneurs scale up their operations beyond their expectations. COVID-19 the first international conference on coworking has proven that flexible office space and remote working are the way of the future.

This post was written by Tara Kintz. Tara is a director at Signature Workspace. Signature Workspace owned and operated by Cantor Fund Management offers services and amenities such as private offices flex space co-working space virtual offices meeting/conference rooms and more.