Category Archives: Coworking Office Space

What Millennials Appreciate About Coworking Spaces

millennials in coworking spacesCoworking spaces can be very socially engaging, educational and informative if we choose the right environment. Millennials are looking for work environments that engage them at all these levels with little or no cost to them. Historically, as a group, millennials are the generation to have emerged from college with the greatest debt to date. So let’s talk about what millennials want their work environment to look like.

Social Engagement

Millennials are prepared to work, work hard, and they want to be engaged at work. This doesn’t mean that every minute of the day needs to be a new learning experience but feeling connected to what they do. Often that connection comes in the form of external engagement like taking part in local, national or global responsibility projects. This is hard to do if you have a small company but coworking spaces offer the ability to connect with others in your work space to feel the sense of community and connection. These type of social action programs are often offered by the managers of the coworking space or maybe by one of the companies working there. So look for a space or ask about if this is a priority for the space you are considering.

Ongoing Education

Millennials are lifelong learners. Whether it is online through places like Udemy or in the office through continuing education programs, coworking spaces can offer small companies the ability to ban together to gain greater access to educational resources they may not get alone. In some cases, the coworking spaces may provide the opportunity for its tenants for a discounted fee or free of charge depending on the seminar.

Staying Informed

Staying aware and informed of changes in the economy, your field or maybe a field that the millennial is considering entering. Coworking spaces bring engaging speakers and presenters to the office to create a more aware workforce of the changes happening. This is such an important part of one’s desire to grow and learn. Ask if the coworking space you are considering brings in local speakers or if it provides a platform to learn from office mates.

Coworking spaces offer millennials the chance to stay or become engaged in social action issues, keep up their education for little to no cost and remain informed about their knowledge space. Providing these benefits help millennials feel fulfilled and coworking spaces can offer these benefits.

Contact us for more information on finding the right office space for your business.

Coworking Perks People Love: Workplace Strategies to Improve Productivity

coworkingOne of the best things about having office space in a coworking environment is that it offers employees a chance to socialize and meet people beyond their own workplace. Happier employees are excited to come to work. Here are a few tips to keep your employees happy and help increase their productivity in at work.

Encourage Participation in Workplace Learning Activities.

Coworking spaces offer tenants opportunities like lunch and learns and happy hour discussions. These are “free” sessions for your employees to attend and broaden their knowledge of a particular subject. In some cases, these opportunities could help them do their own work and make them a more productive member of the team.

Participate in Workplace Social Activities.

If your coworking space does not already offer its tenants a chance to join a team like kickball or have regular ping pong tournaments, see if you can work with the managers to organize one. Exercise is a great mood lifter and helps the brain with memory and learning.

Suggest Working in Common Areas.

As human beings, we crave social interaction. Coworking spaces offer employees the chance to meet new people in the common areas or engage in discussions that aren’t related to work. Offering your employees a moment to step outside their everyday work routine provides time to recharge their batteries.

All of these strategies are inherent perks when you lease in a coworking environment. Look for these types of amenities when you look for new office space and your employees will appreciate it. Contact us for more information on how we can help find the right workplace for you and your company.

How A Coworking Office Can Be A Major Boost To Your Company

coworking office spaceIs your business struggling to keep up with its competitors or are you looking for a way to stand out in a crowded field? Then consider a coworking office space. This surprising concept has spread wildly across the business world and it may inspire your company to greater heights.

What is A Coworking Office?

These intriguing new work ideas are based on the idea of sharing working areas with other people and businesses. You can rent these places out and will work beside and along with other people. It is a fairly novel concept and one that many people are arguing for and against. We believe it will seriously improve your business by offering you a variety of benefits.

The Benefits of Coworking Office For Your Business

When you invest in a coworking office, you receive many great benefits, including:

  • Improved interaction between your coworkers
  • New interactions with potential partners and business associates
  • Boosted performance caused by focusing on boosted capacities
  • Stronger trust between your coworkers and other companies
  • Better grasp of how your coworkers work and obtain their goals

These many benefits are a big part of why coworking spaces are such a wise investment. However, there are a few negatives that should be discussed. The most problematic of these is knowledge leakage.

The Risk Of Knowledge Leakage

While coworking spaces allow you to meet new people and new potential partners, they also cause the possibility of knowledge leakage. Think of this problem of a potential loss as a business advantage. For example, let’s say your company has information that could help it outperform its competitors.

Unfortunately, this information is found by somebody sharing office space with you, and they use it instead. While these instances are very rare in most coworking spaces, it is important to acknowledge the fact that they could happen.

If you are interested in learning more about finding a coworking office, please don’t hesitate to contact us today.

Evaluating the Pros and Cons of Coworking Office Space

Coworking office spaceDeciding to rent coworking office space is a big decision. It is one that should not be made lightly. Whether you are moving from a traditional space or just starting out, it is important to determine the pros and cons of working in this new office configuration. Here are a few of those pros and cons to help you get started.

Coworking Office Space Pros

1) Great opportunity for networking. Take advantage of the events that coworking spaces provide like happy hours, learning seminars and impromptu gatherings. It’s a chance to meet those around you and possible future clients.

2) Take note of what is included. Coworking spaces provide a variety of services that could save you money over time like cleaning, Monday morning breakfasts, snacks and coffee. Many spaces come fully or partially furnished, a big expense for anyone starting out.

3) Variety of spaces inspires creativity. Sitting in the same space, staring at your screen can become monotonous. Take advantage of the variety of venues to work together with your team, find private space or hold meetings.

Coworking Office Space Cons

1) Beware of distractions. With all the great amenities being offered to you and your staff, you’ll need to set ground rules. It’s very easy to want to do all your work in the common areas but you’ll need to evaluate if that is the model you want for your business.

2) Isolation. If you choose not be part of the networking events, you could feel isolated even with people around you. Make a conscious effort to be a part of some of the organized activities.

3) Poaching. With so many companies co-located together, chances are that there are other companies who do similar work to your company in your space. To help avoid the possibility that one of your employees will leave to join another company, include a no compete clause in your hiring process.

Moving to a coworking space is both exciting and scary. There is always a bit of a fear of the unknown. Contact us to help you navigate the next stage of your company’s business.

Creating Connections in Coworking Office Space

coworking office spaceCoworking office space provides you a great opportunity to make business connections and generate new business from within. Just outside your office door are so many potential clients. Are you using your work environment to your competitive advantage?

Here are three tips for how you can create meaningful business relationships in your own coworking office space.

  • Participate in Informal Networking Events. Most  coworking office space offers their resident companies learning opportunities, lunches, happy hour activities, and other times to just gather in the common areas. Use this time as chance to get to know the companies around you. Find out more about these companies lines of business. Remember to bring your business cards with you too.
  • Monitor Message Boards. Many coworking spaces offer a place to post information about yourself and your company. This is also a chance to see if others are posting job opportunities too. Often you will see that companies are posting for accounting services, graphic designers, videographers or legal services.
  • Use Your Space as a Calling Card. Many coworking spaces allow you to put your logo on your door or on the windows to your office. Use this also as an opportunity to create a poster sized board within site of the common areas with more information about your company, something similar to what you might bring to a trade show. The companies around you will get a chance to see you and your line of business. This may encourage them to knock on your door.

The best by-product of coworking office space is that opportunity lies just outside your door. Contact us for more information on how we can find the right office space for you.

Coworking Medical Office Space: A New Twist on an Old Model

Medical office spaceMedicine is no stranger to the concept of coworking. For many years, it has not been at all unusual to find different medical practices renting space within the same building, at about 2,000 square-feet and a long-term lease apiece. However, according to a recent report from National Real Estate Investor, there’s a new twist to sharing medical office space: Renting just one office, for just the days or hours it’s needed or coworking medical office space.

The downside to the traditional idea of renting a large space for a long period of time, the article notes, is that many practices had to commit to more space than they needed or could afford, and hope to attract another practice to move into that extra space and help with the bills, or else be forced to fit into someone else’s extra space. With the new model, a tenant signs up for just one exam room or a few rooms, for however many days or even hours a week that the room is needed. The space is often made available through an access card that only works for those specific hours or days. The tenant is charged a weekly rent based on the time they’ve signed up for and the lease can be canceled within a relatively short period of time.

While the situation may not be ideal for every doctor or every practice, the report notes, many young doctors and up-and-coming practices are finding this trend to be a good way to save the money and time spent on paying for and maintaining a large space, thus spending those efforts on building clientele and making a profit. The model works for investors too, as more medical professionals seek the flexibility and other benefits provided through timeshare and coworking spaces.

Would you like to know more about coworking medical office space for rent? It’s a subject we love to talk about! Contact us.

4 Reasons Why Your Company Should Invest in an Agile Office

The success of any 21st century business can be distilled down to three key factors: people, place, and technology. However, while many companies put a great deal of effort into hiring the best people and then equipping them with the latest tech, the environment in which they work usually receives less attention.

At XSolve, we use agile office methodology to drive highly successful software development projects, emphasizing collaboration, self-organization and accountability. Recently, we completely changed the design of our workplace with agile in mind and that experience has brought home the amazing benefits that come from paying attention to ‘place’.

  1. Easier and better communication

Communication is the difference between a group of individuals and a real team. Transparency and communication are often linked terms and we found that our communication benefited when we took ‘transparency’ literally.

Getting rid of cubicles and walls, opening up the space, using glass paneling, getting managers out of those corner offices, and transmitting important data via easy-to-see display screens… all made our environment more transparent and we found that when people can simply look up and see their colleagues they are much, much more likely to communicate with them.

  1. Enhanced collaboration

Collaboration is key. The good news is in the 21st century we are much more inclined to collaborate. Social media is a significant enabler, encouraging wide-ranging communities by providing a flexible space beyond traditional boundaries of country and culture. The same thing happens in your office when you create new opportunities for people to meet and exchange knowledge outside of the interactions that their specific roles demand. We created a ‘work anywhere’, plug-n-play office with standardized workstations and disrupted the ergonomics by reducing the number of natural meetings points (water coolers, coffee machines, printers) and creating less predictable spontaneous gatherings. Having a dedicated café space also boosted our level of unplanned conversations and problem-solving.

  1. Counter-intuitive efficiency

The right design boosts overall company efficiency but often not in the ways you might imagine. You might think locating the bathrooms so that people have to walk through the main office space past the café and kitchen to reach them is inefficient. But the chance meetings on that short walk more than repaid the slightly longer journey.

We were inspired by the example of the Norwegian telecom company Telenor. They ditched hundreds of coffee machines, forcing staff to go to the cafeteria for a cup of joe. The result? More communication and collaboration and a better information flow, all leading to a 20% increase in profits!

  1. Fun!

Research shows that creating a fun environment for people improves mood, boost problem-solving, and increases the quality of the work done. We upped the fun factor by creating a variety of spaces, including chaos rooms for noisy play, silence rooms for contemplation, outdoor spaces for a literal breath of fresh air, and the café as our social hub. Each offers a different working experience to match individual moods and as a result encourages a more relaxed (and productive) frame of mind.

A team’s success is greatly influenced by where it works and having an agile office that is designed to make working together a pleasurable experience actually pushes that team to work in a more agile way, achieving better quality results more efficiently. To reiterate, at XSolve we have experienced the above benefits to an incredible degree, simply by treating place as important as people and technology.

Guest post by Piotr Majchrzak is CEO at XSolve – software development company

All images:  Janina Tyńska/ XSolve and Chilid

Three Reasons Renting Coworking Office Space Might be For You

Coworking office spaceCoworking is a growing trend. According to a recent article for small business CEOs, an estimated 3.8 million people will be using coworking spaces by 2020. While the numbers are not quite that high yet, there are many reasons that people decide to use coworking spaces rather than renting more traditional office space.

1. The Flexibility

When renting a traditional office space, you are locked into a contract. You have to rent the space for a specific amount of time, whether it is six months, a year, or something else. With coworking, you can rent the space for as long or as short as you need. Even if you only need the space for a day or if you need the space randomly throughout the month, you do not need to pay for it when you are not using it. Plus, you can get the space that you need. Whether you simply need a desk in the corner, or you need a larger office area, you can rent the space that you need. As you need more space, you can rent a larger area.

2. The Details

When it comes to renting a traditional office space, you need to worry about supplies for the office, paying for the Internet, and other office-related details. When renting a coworking space, you simply bring your laptop and other supplies that you will need for the day, and you work. Then you can go home at the end of the day, allowing someone else to worry about the other details of the office.

3. Productivity

Coworking spaces are great places to network and connect with others who are in a similar situation. According to a study conducted earlier this year, one-third of people reported increased income since they started coworking, and over 60 percent anticipate increased income. Seventy-four percent said they were more productive. Eighty-six percent said they have a larger business network, and 93 percent reported a bigger social network.

If you are interested in learning more about coworking, contact us. We can help you find an office space to fit your needs.

What Makes or Breaks a Coworking Space?

Millenials meeting in coworking spaceWhat is considered the work environment has changed dramatically over the last decade. What used to be an image of dark cubicles and office spaces has gone through a lot of changes in order to help employees become happier, more productive, and to grant them more flexibility. In recent years, there has been a variety of new approaches developed in companies and their office spaces. Things like open spaces, brainstorming rooms, games rooms, and community kitchens have all been adopted as a means to make the office a more enjoyable place.

One of the more recent contributions to more modern office spaces is that of Coworking Spaces. These buildings, rooms, and offices serve to provide employees with spacious, open areas to work, often without any employees of the same company. It is essentially a style of work that invites employees from all different businesses to share a working space outside of their home or office base.

Benefits of a Coworking Space

 Networking

Coworking Spaces are an ideal location to grow an employee’s network, both professionally and personally. Not only is it easy to meet like-minded people in Coworking Spaces, but you also get to meet people who are in a wide variety of different industries.

This can mean making very valuable connections for both parties, who might be seeking out other services or who are interested in expanding their knowledge of other industries. Networking is often the key to a company’s success, and Coworking Spaces are an ideal place to expand your connections and grow your business.

Brainstorming

Although not everyone utilizes Coworking Spaces to connect, one of the great benefits of these locations is that you can bounce ideas off of all kinds of different people. Although it may seem counter-productive, it can be quite helpful to get some ideas and feedback from people who are in other sectors or businesses.

One worker may see other sides of an idea or concept that you never considered before, simply because they work in a different field. It can be really helpful to get non-biased, helpful feedback from those who are looking for the same.

New Clientele

Coworking Spaces are not job fairs, but it is common for workers to find and hire or be hired by others for their services. The aspect of meeting people in person in a Coworking Space is often what makes this kind of connection so plausible; individuals looking for specific skill sets may just find exactly what they’re looking for in someone who appears to have all of the tools they need in the same space.

Motivating Space

Working from the same office space every day can be dull, and working from home can sometimes mean a lot of procrastination. Taking your efforts to a Coworking Space can often give you a new, refreshing space to recapture your productivity and create new ideas.

These spaces are often filled with like-minded individuals who are also on deadlines, working on projects, or looking for some motivation. It can often be very beneficial to surround yourself with other individuals like yourself who want to push themselves to work harder and to make a difference in their respective fields.

What Makes a good Coworking Space?

Millenials working in coworking space

A Decided Market

Opening your doors to anyone and everyone can become a problem very quickly. When individuals come looking for a Coworking Space, they likely have specific values, goals, and preferences that will need to be met before they choose a space. Opening a space without any direction, culture, or common goals can often make the space confusing and more of a free-for-all.

Not everyone is interested in a loud office space, while others need constant brainstorming, motivation, and music. Deciding what your space will offer and who you are marketing to will help all of these workers decide whether your space is right for them. Make your market clear and consider reviewing applications if the interest is high.

A Great Location

Setting up shop in the middle of nowhere isn’t going to benefit anyone. Coworking Spaces need to be extremely accessible, considering people will be traveling from various locations on different days of the week. Figure out what kind of market you’re catering to, and then make a location decision based on that.

Is it easy to find? Is there parking for out-of-town commuters? Is your building wheelchair accessible both inside and out? Is it right off the highway or far into town? Consider accessibility in all of its forms for a successful Coworking Space.

Offering the Basics

For some workers, having an office space that offers all of the basic tools for work can be very enticing. While a simple space might look great in terms of design, it’s also important to decide what kinds of tools you will offer your workers.

Will free Wi-Fi be included? High-quality printers and inkjet cartridges? A kitchenette for making meals? Projectors and meeting rooms? There are all kinds of items that you’ll need to consider.

Here is how coworking spaces decide how much you they will be charging monthly for the use of the space.

Sense of Community

The main difference between a regular open office and a Coworking Space is the sense of community. There is a shared sense of common values and goals, and relationships are usually built and last within the walls of an effective Coworking Space.

How Can Coworking Spaces Improve?

Millenials mingling in coworking space

Coworking Spaces that are struggling could be experiencing problems for a number of reasons. If the worker doesn’t feel a sense of community or welcome, chances are they’ll prefer just to work from home.

Creating a unique space that is inviting will include some possible amenities, music, various working spaces, and opportunities for individuals to collaborate. It’s also a great idea to consider your payment plans, and the options people have based on their needs. Having flexibility when it comes to the services they receive is a great way to reach a wide span of workers who have great intentions for your space.

Conclusion

If you’re thinking about joining a Coworking Space, be sure to do your research ahead of time. There are all kinds of options available, and what one office provides may not meet your exact needs in comparison to another. Take a visit to each and get a tour of the Coworking Space; you’ll likely connect with some spaces more than others and choose the best one for you.

If you need help finding a coworking space, contact us. We’d be happy to help.

Coworking office space: best solution for independent people

Coworking office spaceBy 2020, if things continue as they are, 40 percent of the workforce in the U.S. will be freelancers, temporary workers, independent contractors and solo-entrepreneurs. Almost all of them will be working in coworking office space. Coworking office space refers to shared space where people who work there are most often working for different organizations, or for themselves, but creating synergy between each other.

Benefits of Coworking Office Space:

A recent survey found:

Among these independent workers,

  • 70 percent feel healthier than they did when working in a conventional office.
  • 68 percent said they were able to focus better.
  • 64 percent are better able to complete tasks on time.
  • 60 percent are more relaxed at home since coworking.
  •  92 percent were satisfied with their coworking space.
  • 91 percent enjoyed better interactions with others.
  • 50 percent report higher incomes.

Harvard Business Review reports that people who work this way, in coworking environments thrive more in their work than those in conventional office environments. What makes coworking spaces work so well? The answers may have important implications for conventional office philosophy and design.

The factors that go into success for the coworking environment may provide important metrics for the assessment of a successful office environment. The HBR survey of several hundred workers in coworking spaces around the U.S. revealed important factors that predict “thriving.”

Key Metrics:

The key business metrics for coworking office space are measures that predict “thriving” and positive impacts of coworking spaces on productivity and satisfaction.

  • People who use coworking office space see their work as meaningful. Those who work in coworking environments are free to choose the projects they care about. They can “bring their whole selves to work.”
  • Coworking spaces are filled with members who work for a range of companies, ventures, or projects. There is no direct competition or internal politics. There is no need for a false work persona.
  • Coworking has become something of a culture that has been developing a social mission. An online document called the “Coworking Manifesto” is signed by members from 1,700 working spaces. An annual “Global Coworking Unconference” (GCU) (pronounced “juicy,” held in 5 location around the world) brings a sense of identity, participation and mission to the coworker.
  • Coworking spaces are normally available on demand 24/7. People have nearly absolute power to decide when they work and how long. They can choose to work in collaborative spaces or private spaces. They can even work from home. However, the coworking environment provides a community and a specific location for work, that provides a sense of structure and discipline hat motivates the workers.
  • Feeling part of a community is a chief reason why people pay to work in a community space rather than in isolation or at home.

If you were to measure the power of coworking space, use measures that assess:

  • Workers’ attitudes toward the meaningfulness of their work.
  • Feelings of competitiveness among co-workers.
  • Involvement in the “culture of coworking.
  • Use of office space in off hours and irregular ways.
  • Feeling that the office space provides a motivating sense of community, structure and discipline.

Increasing numbers of employees of larger companies are choosing to work in coworker environment, rather than telecommuting from home or working in the corporate offices. Employees of Visa, large financial institutions, and journalists from newspapers like the Chicago Tribune are among them. The innovation team from Richo worked out of coworking space for several months to explore some new products, including their “Smart Presenter,” paperless meeting solution. Some companies, like Menlo Innovations in Ann Arbor, Michigan have actually enlarged their offices so that start-up companies and early-stage entrepreneurs can work alongside their staff.

Coworking Methods Applied to Corporate Environments:

The lessons of coworking spaces can be applied to corporate offices.

  • Encouraging flexibility and support for a mobile workforce.
  • Creating the right kind of social work environment inside corporate office walls.
  • Enable people to craft their own work environment in ways that give them purpose and meaning.
  • Establish a balance of desk seats and shared settings for collaborative work and quiet work.
  • Enable people to make connections and build working communities beyond formal meetings.

Please contact us to learn more about coworking office space.

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