Developer having a Coworking Space
- September 20, 2022
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Coworking is gradually developing into a niche with certain spaces skewing toward specific professions with specific needs.
Work-Learn-Connect are the basic pillars of a Coworking environment.
Coworking spaces are an opportunity for a Developer – landlord actually saves the money of the tenant.
Developers are transforming their office buildings with coworking facilities as coworking spaces don’t come with the high costs and commitments of traditional office leases. Instead, Coworking space is an interesting, technology-driven phenomenon growing rapidly and is seen as an alternative to leasing office space.
The boom in coworking spaces has been instrumental in providing a productive, creative, personalized, and satisfying work atmosphere that allows for community spirit, valuable networking opportunities and fruitful brainstorming sessions, all leading to changing business operations and workspace requirements.
The following are a few recognized benefits of co-working spaces:
- Enabling collaboration: co-working environments make it easier for teams to work together by making free and more space for working together in collaboration and discussions
- Inspiring innovation: co-working style offices spark new creative thinking that can solve key business problems by allowing companies to free their workers from working the same way each other day in a routine manner
- Creating flexibility: co-working offices provide flexibility – for companies to expand without committing to long-term space costs and – for individuals provide an opportunity to change the way they work every day
- Attracting and retaining talent: Employees are expecting more fun and flexibility at their workplaces, with the lines between work and personal lives blurring in order to maintain a work-life balance. Companies that can provide this balance have been shown to gain an edge in recruiting and keeping top notch team members, thus leading the professional/personal challenges
- Reducing costs: co-working and other flexible office strategies leave more room in the budget for building productivity by doing away with dedicated desks for teams who are often out of the office on work
- Direct Relationship: There is a direct contact and relationship established between the developer and the POC of the Coworking space, thus facilitating 1-1 conversations, enabling to have a common understanding, fair trade.
- Creating flexibility: Scaling down/Up from the existing agreement is always easy and remains flexible as Developer is the key decision maker.
- Seamless Services: Developer will continue to provide seamless and integrated services as the infrastructure is built along with the development of the premises than making changes as when required (which is not advisable)
- Financial Discipline: Consider other vendors being in default, the Developer will still need to provide the set of agreed services for seamless work to continue thus maintaining and bringing a financial discipline within the property. This will bear an indirect impact embarking a positive brand perception on the developer.
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