WHAT IS CO-WORKING SPACE?
Generally speaking, the definition of coworking is when people assemble in a neutral space to work independently on different projects, or in groups on the same projects. It’s different than a typical office workspace because the people in a coworking environment generally aren’t working for the same company. Coworking spaces offer the same amenities you would find in a traditional office, along with a lot more. A major differentiator is flexibility, since you don’t need to sign a long-term lease in a coworking space.
Coworking is an arrangement in which several workers from different companies share an office space, allowing cost savings and convenience through the use of common infrastructure, such as equipment, utilities, and receptionist and custodial services, and in some cases refreshments and parcel acceptance services. It is attractive to independent contractors, independent scientists, telecommuting and work-at-home professionals, and people who travel frequently. Additionally, coworking helps workers avoid the isolation they may experience while telecommuting, traveling, or working at home, while also eliminating distractions. Some coworking spaces charge membership dues.
Types
Coworking is not only about the physical place, but about establishing a community. Its rapid growth has been seen as a possible way for city planners to address the decline of high street retail in urban centres. Its benefits can already be experienced outside of the physical spaces, and it is recommended to start with building a coworking community first before considering opening a coworking place. However, some coworking places don’t build a community; they just get a part of an existing one by combining their opening with an event which attracts their target group.
Real-estate centric coworking spaces are about selling desks first, with building community as a secondary goal. Players target freelance professionals, remote workers, and small to medium enterprises (SMEs) who need a space and seek a community with a collaborative spirit. Customers also often benefit from professional services such as printing or incorporation or consulting.
Coworking is distinct from business accelerators, incubators, and executive suites. These spaces do not fit into the coworking model because they often miss the social, collaborative, and informal aspects of the process. In coworking, management practices are closer to that of a cooperative, including a focus on community rather than profit.Some coworking participant are also participants in an unconference like BarCamp and other related open-source participatory technology events.
History
Between 2006 and 2015, a few studies have shown the number of coworking spaces and available seats have roughly doubled each year.
Co-Working was first conceptualized by Sunshine Suites. The company opened its doors in October 2001, founded by Cheni Yerushalmi and Joe Raby. From the beginning, the idea of community was central to Sunshine’s efforts. It arranged ski trips and upstate hikes and negotiated group discounts on gym memberships, car rentals, and health insurance. Eventually, Sunshine bought a cabin in Vermont for use as a corporate retreat, and started a softball team. “It was a lot more than an office space,” Yerushalmi recalls. “Everybody knew everybody. It was a really special place.” If someone fell behind on their payments, for instance, instead of evicting them, the founders worked the phones, drumming up a business to help the struggling company get back on its feet, as the New York Times noted in a profile of the company in 2004.
Coworking, as we experience it today, was preceded by European hacker spaces of the 1990s, where programmers would exchange skills and best practices.
Some coworking places were developed by nomadic Internet entrepreneurs seeking an alternative to working in coffee shops and cafes, or to isolation in independent or home offices. A 2007 survey showed many employees worry about feeling isolated and losing human interaction if they were to telecommute. Roughly a third of private-sector and public-sector workers also reported that they did not want to stay at home during work. Another major factor that drives demand for coworking is the growing role of independent workers.
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