Adapted from: naiop.org
Coworking centers and executive suite facilities have become one of the hottest trends among tech startups, freelancers, and creative types seeking community and collaboration with like-minded entrepreneurs. These shared office spaces operate as temporary work hubs that anyone can rent by the hour, day or month. Each is as diverse as the people who frequent it.
Executive suites are fully furnished offices and other types of workspaces that are typically leased on a pay-as-you-go basis. They enable individuals or companies to occupy office space without signing a long-term lease, paying a security deposit, leasing equipment or contracting for telephone, Internet and other services.
Coworking centers differ from executive suites in two important ways: culture and community. Coworking center members who rent plug-and-play communal space typically have similar interests, participate in educational opportunities, share ideas and socialize during events such as happy hours to reinforce a sense of belonging.
Coworking’s spike in popularity mirrors the rise of the nation’s independent workforce, now 30 million strong, with 17.8 million clocking in full time, according to data from MBO Partners. Behind this explosive growth are new technologies that enable today’s highly mobile workforce to conduct business remotely and the freedom to collaborate anywhere, any time using tools such as Yammer, Jiveand Huddle. Corporate downsizing, employee dissatisfaction with traditional jobs, long commutes and new online marketplaces that make matching companies with freelance talent easier and more cost-effective are also fueling workers’ drive for independence.
Millennial workers between the ages of 18 and 34 are now the driving force behind the freelance economy in the U.S. According to research by Coldwell Banker Commercial Affiliates, 63 percent of these “digital natives” are as comfortable working from a mobile device as they are at a desktop computer. They value autonomy, prefer offices with an open floor plan and are more willing than earlier generations to share their workspace with someone else.
This generational shift in the use of physical space has vast implications for the real estate owners, developers and designers who are acquiring, retrofitting and outfitting the office buildings of the future. When workers can connect with colleagues as nimbly across the world as they can across a hallway, and no longer have one fixed office but rather thousands they can quickly and affordably access around the globe, what role should commercial real estate play in an increasingly virtual, hyper-connected world? The industry is discovering that the big corner office baby boomers once coveted is suddenly morphing into an entirely new product.
Shared office spaces are also converging with residential real estate aimed at meeting millennials’ combined needs for social/work hubs, affordable housing and amenities that enhance their well-being. Traditionally slow to change, the commercial real estate industry is gradually shifting from being a space provider to creating experience and community for the next generation. The future of office workspaces will belong to owners and developers who not only understand and can weather the market’s vagaries, but who also respond to their tenants’ nascent work and lifestyle needs by creating diverse, dynamic places that inspire people to perform their best and live life to the fullest.
In a collaborative workspace, the rules of corporate go out the window, giving professionals the freedom to grow on their own. And at WorkSocial, we successfully stimulate the intellectual and financial growth of entrepreneurs and business owners.
We’re more than a coworking workspace for entrepreneurs in Jersey City; we’re a path to unique opportunities and a more dynamic professional. Besides building strong relationships, we help people optimize your professional productivity.
How so? By helping you tap into a state of flow, which is when we perform at our best.
When we’re in our flow, tasks are easier to execute and we can focus and crank out work. But it’s not easy getting into on your own, sitting in a home office.
Here’s how workSocial’s collaborative workspace will quintuple your productivity.
At WorkSocial, you have total control over your job. You can decide whether you put in the long hours or the half-day (not to mention days off). Instead of falling prey to a typical work schedule, you can build your company at your own pace.
Your workspace revolves around you, whether you’re getting involved with the other coworking clients or are shut up in your zone. You can make calls, send out emails, and conduct business in an energetic and constructive environment.
When you are free from the pressure of a strict schedule, you can take risks and not have to worry about losing your workplace. You’re here when you want to be here, taking the risks when you want to.
And we’ll still be here when the phone calls, the emails, and all that business is over!
At WorkSocial, our members are a trove of knowledge and skill sets that are accessed with a simple “hello.” People are here because they know that networking and an innovative environment are conducive to productivity.
Use these relationships to the fullest and create new opportunities for yourself. These new avenues are uncertain, but you have the benefit of a coworking space relationship: professional, friendly, and no strings attached all at once.
In a collaborative workspace, creative ideas are shared pretty freely among the members. Instead of a typical working environment with begrudging coworkers in various departments, everyone here is independent, intelligent, and hardworking.
When you work with people from different industries, it allows you to take in those new ideas and put them to your own work. And that’s not something you’re likely to get elsewhere.
These new professional relationships open doorways and opportunities for your business by offering unique insight to various job fields. Utilize these relationships as you would the other resources (like wifi, seminars, and events).
As an entrepreneur, you want your work to be meaningful and have the opportunity to take root and grow beyond your expectations. At WorkSocial, we’re here to help you achieve that vision, your slice of the American Dream!
Interested in learning more? Book a tour or contact us to get a better understanding of how we can help you tap into your flow every day!