A coworking space is a place where more than one individual or group shares a workspace, sometimes on a shared premises owned by a corporation, other times on rented premises. Cofriending has come to represent the concept of collaborative work spaces, which can be used by students for educational projects and by business owners for corporate purposes. Coworking has grown in popularity in recent years as more companies are looking for ways to save money and increase productivity by reducing the need to hire expensive, full-time employees. Coworking space has also come to symbolize an increasingly comfortable working environment in which many people are able to get to know each other while making money.
The Pros and Cons of Co-Working Spaces
Coworking has become extremely popular in many cities, particularly in smaller towns where the population is often small. Coworking spaces may be privately owned or they may be leased or rented by companies. Many companies rent office buildings or industrial spaces to host coworking spaces, although it is possible to find these spaces for lease as well. A coworking space is designed to give its users a comfortable, relaxed, yet professional, environment where they can meet and discuss their interests and ideas with other individuals.
Some workplaces are used for business purposes only, although there are also some that are designed primarily to house the employees of a private business, where they meet regularly to discuss current issues, future ones, and anything else that might have caught their interest in the past.