Nowadays, if you are looking for office space for rent in Plano, TX, or from wherever you are, you will most probably be overwhelmed with the long list of possibilities. However, a lot of these places can be expensive, especially a traditional office. Not to mention, you will often be tied to a long-term lease. That said, if you are looking for flexibility and affordability, coworking spaces can be the perfect alternative.
In the rest of this short post, we will look at the future of coworking. We expect that it is going to be bigger with the continuous increase in demand. For sure, more and more people will be flocking in shared offices like Common Desk.
Changing Economics, New Demographics
Most of the users of coworking spaces are millennials, including freelancers and digital entrepreneurs. While the latter will still reflect a chunk of the market in the near future, it is expected that the changing economics will bring new demographics in coworking. This is because even larger companies will soon be plying coworking spaces. Because of the economic forces, large companies may be forced to create micro departments and they will be housed in coworking spaces to minimize overhead costs.
Coworking Spaces in Unexpected Places
Because of the benefits of coworking, many businesses have decided to join the trend. For instance, hotels and restaurants have already made their spaces available for coworking as a means of generating additional revenue. In the future, it is expected that there will be more locations that can be converted to coworking spaces. For instance, libraries, street fronts, and malls can also make good coworking locations.
Utilizing Advanced Technologies
As we step into a more tech-advanced future, it is expected that coworking spaces will be doing the same. Basically, what this means is that you can expect these places to utilize technology in its operations in more ways than one. There are now many innovative coworking places, but in the future, it is expected that technology adoption will be almost mandatory to be not lagged behind by competition. Expect to see more coworking places with virtual and augmented reality, among other technologies that will make you feel like stepping in a sci-fi inspired office.
Improved Facilities to Draw More People
In the present, the most common features of coworking spaces include shared desks, private offices, conference rooms, pantries, and social area. In the future, it is expected that the facilities will evolve and improve. To lure more tenants and provide a more productive work environment, coworking spaces are expected to offer a better experience. Fitness centers, swimming pools, sleeping quarters, and learning facilities are just some of the new features that you might see in coworking spaces of the future.
As shown above, the future of coworking is bright. It is anticipated that it will attract more people because of the benefits that it can deliver. For freelancers, entrepreneurs, and professionals, even big companies, coworking presents a new era of doing work.