The world of coworking has seen a rapid evolution in recent times. We’re in the year 2024 where smart work triumphs over everything else. According to the grand view research, “The global coworking spaces market size was estimated at USD 13.29 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 14.9% from 2023 to 2030.” Why this growth? There are various reasons: flexibility, on-demand access, cost effectiveness, networking, community, customisation and a lot more. In this ultimate guide for coworking spaces, we’ll uncover all the major aspects of coworking and take a tour around the globe assessing the best workspaces for you. Let’s explore.
In this blog:
- What are coworking spaces
- Benefits of coworking spaces
- Factors to consider when choosing a coworking space
- Coworking Spaces around the world with Deskimo
- Coworking Spaces: An Overview
- Conclusion
What are coworking spaces?
Have you ever found yourself wondering “What exactly is a coworking space?” If not, think for a few seconds. Many conventional definitions can be recalled. But is it what you are thinking? In 2024, a coworking space is a place that’s not just restricted to work but has other important elements. Elements like your favorite view from the window or the terrace, what food you prefer, how much you want to pay and how are you charged, the people you meet, the experience it provides or simply how much does it fit you and how well it can be customized as per your needs.
Therefore, a proper definition would be “a place of work that fits your personality, is right for you and where you enjoy working along with other things.” Deskimo has been actively imbibing this definition to curate the perfect workspace experience for you where you pay only for the time you use with “pay per minute” facility.
Let’s dive a little bit deeper into why you should choose a coworking space? Are there benefits that make it better than the other options you have? Sure. Let’s explore:
The Benefits of Coworking Spaces
One of the most important questions that pops up very often is “Why should we go to a coworking space?” Well, let’s decode the why. Here are some of the benefits of choosing a coworking space wherever you are in the world:
1. Cost-Effectiveness
For freelancers and small businesses, renting traditional office space can be prohibitively expensive. Coworking spaces offer a flexible and cost-effective solution. Most spaces provide all the necessary amenities without the overhead costs associated with leasing an office.
2. Flexibility
With various membership plans available, coworking spaces offer a level of flexibility that traditional offices cannot. Whether you need a space for a day, a week, or several months, workspace plans can be tailored to fit your schedule and financial needs. This flexibility is especially beneficial for business travelers who require temporary workspace while on the go.
3. Enhanced Productivity
Coworking spaces are designed to minimize distractions and foster focus. The structured environment often found in these spaces can help individuals maintain productivity. Additionally, access to high-quality resources, such as meeting rooms and dedicated work areas, supports more efficient work habits.
4. Networking Opportunities with Coworking
One of the most significant advantages of coworking spaces is the opportunity to connect with like-minded professionals from various industries. This networking potential can lead to collaborations, partnerships, or new clients, making coworking not just a place to work but also a platform for building professional relationships.
5. Access to Resources and Events
Many coworking spaces organize educational workshops, networking events, and social gatherings. These events foster a sense of community and can provide valuable learning opportunities. Being a part of such a vibrant atmosphere can enhance your skills and introduce you to industry trends.
There are many other benefits of choosing a coworking space and you can find the perfect option with excellent amenities and affordable rates on Deskimo. In the next section, let’s touch upon the factors to consider when choosing a workspace.
Factors to Consider When Choosing a Coworking Space
1. Location, Location, Location
The physical location of a coworking space plays a pivotal role in your experience. For business travelers, proximity to airports and major business districts is crucial. For freelancers and remote workers, consider whether the space is conveniently accessible from home or popular neighborhoods. It’s all about what suits you. You can check out the Deskimo workspaces all around the world in a few scrolls.
2. Amenities That Enhance Your Work
When choosing a workspace, essential amenities can significantly boost your productivity and comfort. Look for:
- High-speed Wi-Fi, Printing Facilities
- Meeting rooms equipped with the latest technology
- Quiet areas for focused work, Terrace/Rooftop
- Coffee shops or Barista cafes on-site
- Fitness areas and wellness initiatives
Some spaces go above and beyond, offering features like soundproof pods, game areas, and outdoor spaces. The right amenities can make all the difference in your daily work routine. With Deskimo, you can already find a list of amenities for all our workspaces making your choices easier.
3. Networking Opportunities and Community
One of the greatest advantages of coworking spaces is the sense of community they foster. Engaging with like-minded professionals can lead to valuable networking opportunities, collaborations, and friendships. Look for spaces that organize events, workshops, and social gatherings to enrich your experience. Deskimo harbors this sense of community too with the monthly newsletters, special viewings, events, discounts, mixers, and a lot more.
4. Flexibility in Pricing and Membership Plans
Flexibility is key in today’s fast-paced work environment. Evaluate different payment/subscription options, such as hot desks, dedicated desks, meeting rooms or private offices. Some workspaces also offer drop-in options or short-term memberships, making them perfect for travelers or those who need workspace occasionally. With best rates for workspaces and facilities like Pay per Minute and easy payment options like Grab Pay and Pay Now, Deskimo has made payments very flexible, effortless and affordable.
5. Atmosphere and Interior Design
The overall aesthetic and ambiance of a workspace can greatly influence your motivation and productivity. Look for spaces that reflect a design ethos you resonate with, whether it’s minimalist, modern, cozy, or vibrant. A well-designed workspace can stimulate creativity and make the workday more enjoyable. Find the best workspace for yourself with Deskimo.
6. Health and Safety Measures
In the post-pandemic world, health and safety has become a priority. Consider workspaces that have clear policies regarding cleanliness and member safety. Look for features like adequate ventilation, regular sanitisation, and social distancing measures.
To understand any topic, we must ask the 5Ws and 1H which are When, What, Who, Why, Where and How. In the last few sections, we covered:
- What are coworking spaces
- Who goes there and When
- Why should people choose them, and
- How should you choose them
But, an important question still remains unanswered: Where should you go? Let’s answer that!
Coworking Spaces around the world with Deskimo
Choosing the right coworking space was never easier than it is today. With Deskimo you get access to multiple workspaces in your preferred locality matching your needs and requirements. Let’s take a tour around some major geographies around the world where you can find the perfect spot to work for yourself.
| Location | Highlight(s) | Explore |
|---|---|---|
| Singapore | – Top 5 workspaces in Singapore – Coworking spaces near Singapore MRT – 10 Affordable Coworking Spaces in Singapore Charging Below $5/hr | Free Roam |
| The United Arab Emirates | Top 5 coworking spaces in Dubai | Free Roam |
| Hong Kong | Top 5 workspaces in Hong Kong | Free Roam |
| Malaysia | Top 5 workspace brands in Malaysia | Free Roam |
| Thailand | Top 5 workspace brands in Bangkok | Free Roam |
| Indonesia | Top 5 workspace brands in Jakarta | Free Roam |
| Japan | Soft Launch Highlights | Free Roam |
Deskimo is adding more workspaces for you as you read this blog all around the globe. If you want to explore workspaces near you from other parts of the world than the ones mentioned above, You can simply chat with us on deskimo.com. Our team will find the perfect workspace for you, near you.
In the next section. Let’s revisit coworking with a brief overview of information that you need to guide you in choosing the right workspace.
Coworking Spaces: An overview
You will find a lot of information on the internet about coworking spaces and related factors. What we will try to do with this section is to provide you with a holistic overview of that information following with a brief understanding of the trends and statistics of the coworking industry in 2024.
| Data Type | Statistic/Info |
|---|---|
| Types of Spaces | Open workspaces, private workspaces, industry-specific, venture/incubators |
| Who uses | Freelancers, remote workers, small businesses, enterprises, non-profits |
| Common Amenities | Shared desks, meeting rooms, internet access, social areas |
| Number of Coworking Spaces | Expected to reach 41,975 by 2024 |
| Number of Members | 5.07 million in 2023 |
| Freelancer Membership | 42% of global coworking members are freelancers |
| Average User Age | 30–39 years old |
| Market Size | $13.29 billion in 2022 |
| Growth Rate (CAGR) | 14.9% from 2023 to 2030 |
| Trending Focus | Sustainable coworking spaces |
| Motivation Impact | 84% feel more motivated in coworking spaces |
| Productivity Impact | 68% notice improved concentration |
Now, let’s uncover the trends and statistics to watch for this year. Access to this data helps in identifying the right workspace for you.
Trends to Watch in 2024
As the coworking industry continues to evolve, several trends and statistics are shaping the future of workspaces:
- Sustainable Practices: Few coworking spaces are adopting eco-friendly practices and designs. From solar energy to sustainable furniture, these green initiatives attract environmentally conscious professionals.
- Technology Integration: The rise of smart desks, virtual meeting rooms, and powerful apps for seamless booking enhance the convenience of coworking spaces.
- Industry-Specific Spaces: Attentive to the needs of niche markets, some coworking spaces cater specifically to industries like tech, health, and creative arts, providing tailored resources and environments.
Statistics to Watch in 2024
Along with the trends, there are certain statistics that will help us evaluate the growth of the coworking industry:
- Explosive Growth: Expect to see over 41,000 coworking spaces around the world by 2024, more than twice the number we had before.
- Membership Surge: In 2023 alone, around 5.07 million people joined coworking spaces, showing their growing popularity.
- Freelancer Haven: About 42% of people using coworking spaces globally are freelancers, making these spaces a hotspot for independent workers.
- Age Range: Most people working in coworking spaces fall within the 30–39 age group.
- Market Expansion: The value of the global coworking market was pegged at $13.29 billion in 2022, and it’s set to grow at nearly 15% annually over the next several years.
- Boost in Motivation: A whopping 84% of people working in these spaces say they feel more motivated.
- Enhanced Focus: 68% report a significant improvement in their ability to concentrate when working in a coworking environment.
In a few scrolls, are you now more informed to decide where you should go to have the best coworking experience? If yes, then I guess we did our job well. Keep exploring and finding more workspaces that you like because it’s not a rule that you need to work from a fixed workspace, right? Deskimo provides the freedom to choose what you like and the facility to pay for only the time you use. Making coworking affordable, enjoyable and efficient is what we strive for.
Conclusion
Choosing the right coworking space in 2024 goes beyond just finding a place to work. It’s about creating an environment that supports your productivity and aligns with your lifestyle. By considering factors such as location, amenities, community, and trends, you can find a space that meets your needs perfectly.
Explore the workspace options available to you and embrace the flexibility and collaboration that come with this modern approach to work. Happy coworking!
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