5 Tips for Choosing the Best Co-Working Space For Rent

Monday, July 16, 2018, 6:00 AM | Leave Comment

Choosing a co-working space is not an easy task. With countless working spaces and new ones opening up every day, you may get stuck in analysis paralysis.

You need to find a workplace that is distinct, and that fits your personal ambitions. Environment is everything and getting the right space is crucial for your output, creativity, and professional fulfillment.

Here are a few factors to help you choose the right Coworking space for rent.

  1. Determine your needs

    Just like other business decisions, when choosing a co-working space, you should determine your objectives and needs. It is important for you to know why you need a co-working space in the first place.

    Knowing your goal will help you to determine your priorities and the important qualities to look for in a working space. Create a list of your top needs and wants in a space and use this list when evaluating potential spaces.

  2. Current business stage

    You should choose a co-working space that fully caters to the current stage of your business. Determine whether you are starting out or want extra space to make more hires. If you are starting out, a working environment can enable you to get the needed sense of connection and professionalism for your business.

    In addition, you will have a more organized office structure especially if you were working from home. If you have a small team already, then you will need a working space that will help you to collaborate and communicate with your team with ease.

  3. Select a good community

    When choosing a co-working space, you will be attracted by the physical aspects. However, you should never make a decision based solely on the physical. Take time to look at what the community can offer.

    A good community will offer you networking opportunities and other ways of advancing your business through collaborations, partnerships or other business ventures. A good community will also offer opportunities for professional and personal growth, for example, networking workshops and events. The community should help you gain support, develop friendships, gather information, and even develop your business.

  4. Co-working space demographics

    You should choose a working space that closely suits the culture and demographics of your business. This will help you maintain high employee morale and productivity.

    Choose a space that caters to professionals in businesses that are related to your own to get the most out of your network. You can also check out the working space with your colleagues to ensure that they will be comfortable in the space.

    Determine whether the working space is inclined towards software startups, creative freelancers, independent entrepreneurs, or a completely different demographic.

  5. Location

    The location of the working space you choose should support the growth of your company and the well-being of your employees.

    The co-working facility should be easily accessible for you and your employees. It should also be conveniently located for potential investors or clients. This will ensure that everyone has easy access whenever they want to discuss business or purchase your goods and services.

It can be quite frustrating for your entire team when your business is locked in a space that does not suit their needs. Therefore, when choosing a co-working space, you need to consider your future needs.

Envision your future and long-term plans especially when it comes to outgrowing the space. If at any point you see yourself breaking any membership agreement, then you should avoid spaces that force you to sign contracts that you are not entirely comfortable with.

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