Office Share: Why More GEN Xers Are Flocking To Shared Office Spaces

Adapted from Forbes: Larry Alton 

Have you seen a jump in the number of “shared” office spaces in and around your city? The “shared” office model is rising in popularity and has been for the past decade. Back in 2007, the trend was almost unheard of, with only 14 documented coworking spaces in the United States. Now, there are more than 11,100, and we’re projected to see more than 26,000 spaces hosting 3.8 million people by 2020.

One of the biggest drivers of this trend is the emergence of X’ers in the professional world. They’re becoming entrepreneurs, building and joining startups, and are starting to shape the trends of how and where we work. But why are coworking and shared office spaces so appealing to X’ers in the first place?

What Is a “Shared” Office Space?

In case you aren’t familiar with the idea, a coworking  space is a location where individuals from multiple businesses can engage in work by rent office space by the day, month-to-month or for a year. In every case, members of a shared workspace pay a monthly membership / License fee, a cable bill, for regular access , and premium charges for accommodations like meeting rooms or special equipment (pay-per-view).

WorkSocial in New York City has 3 different locations with both daily and hourly rentals.

Millennial’s and Gen Xers Love Shared Office Spaces 

So how are these office spaces able to thrive with the X’ers population?

1. Lower costs.

Shared office spaces are almost always cheaper than their full-office counterparts. Buying a large office could set you back tremendously, and leasing a space will cost at least several thousand dollars a month (especially in an urban center). With membership fees potentially under $100 a month, shared spaces have a major advantage.

2. Fewer responsibilities.

X’ers entrepreneurs who partake in shared space also have fewer responsibilities to worry about. Things like cleaning and maintenance are taken care of by the building’s owners. This is one reason why Gen Xers tend to prefer renting over owning; most of the annoying tasks and responsibilities are already accounted for.

3. Networking opportunities.

In a shared office space, there are usually dozens of other people—if not hundreds—occupying the same location as you, and those demographics will likely change every month. It’s a perfect place to meet new people in the professional world, which is advantageous to the social X’ers who wants to expand their professional network.

4. Smaller commitments.

X’ers also like the idea that they don’t have to commit. Leases tend to cover periods of several years, and owning a building is an investment that can (or should) last for a decade or longer. Shared office space, on the other hand, can be reduced to a monthly, daily, or hourly If your needs change often, this is a must.

5. Support for startups.

Though the data has led to mixed conclusions, most X’ers love the idea of starting their own business, and many are following through on that entrepreneurial drive. Thanks to the availability of online resources, and the fast turnover rate for tech startups, creating a startup from scratch happens fast these days, and can be done with smaller teams. That increased, rapid-fire demand for startup space has been a boon for the shared office space industry; shared spaces are ideal for entrepreneurs with small budgets, uncertain futures, and a need for networking with other business owners.

6. Urban-centric locations.

According to Nielsen surveys, 62% of X’ers prefer to live in urban centers, where access to resources like grocery stores, restaurants, and entertainment are convenient and mutually accessible to others. Shared office spaces usually occupy urban centers, making them a perfect fit in Xers’ dream locations. Centrally located, X’ers can either walk to work easily or use the opportunity to explore more of their home city.

7. Resistance to traditional offices.

Finally, remember that X’ers are resisting the urge to comply with traditional office structures (for better or worse). They’re breaking down corporate hierarchies, dismantling 9 to 5 mentalities, and even redefining social norms in business interactions. Shared offices offer more opportunities for individual expression, and offer a counterpoint to traditional office culture. To put it simply, they’re new and they’re hip.

Shared office spaces do have some disadvantages, of course; you’ll be limited in terms of what you can do with the space, and if you need to upgrade, you won’t have much infrastructure to scale (you’ll need to start again from scratch). Still, for the remote workers, entrepreneurs, and other X’ers professionals out there, shared office spaces are quickly becoming the dominant choice in work.

A Few Degrees Makes All the Difference

Winter is upon us, and with it, the seasonal debate over office temperatures begins again. In fact, a staggering 80% of workers surveyed feel that their office temperature is uncomfortable. Unfortunately, indoor climate regulations are based on standards developed in the 1960’s, using the resting metabolic rate of the average male of the time.

Over the ensuing 50 years, not only has the average male body type changed (averaging an inch taller and 30 pounds heavier), but fashion has changed as well, with clothes becoming lighter-weight and less formal. And the workplace has been transformed by the increasing presence of women. It’s time to rethink the temperature standard.

Factors that affect apparent temperature

While personal comfort levels are highly individual, there are several factors that influence the thermal comfort of office workers:

  • Gender. On average, women have a warmer core temperature and colder extremities than men and hormonal birth control exaggerates this effect. A woman’s hands and feet are often several degrees cooler than her male counterpart. Also, women have a slower metabolic rate than men, contributing to an overall greater sensitivity to cold.
  • Clothing. Generally speaking, women tend to wear clothing that exposes more skin surface area than male office workers. The more formal the workplace, the more this discrepancy tends to hold true, with female employees often expected to wear dresses and skirts, and male employees often expected to wear pants and jackets.
  • Humidity. While humidity is not directly related to temperature, it impacts how temperature is perceived by the skin. High humidity makes heat feel hotter, while low humidity makes chill feel colder.

Reasons to adjust the office temperature

Recent studies have explored the consequences of increasing the average office temperature by a few degrees, and there are some compelling reasons to do so:

  • Increased productivity. A 2014 survey found that nearly a third of workers spend 10-30 minutes a day not working due to an uncomfortable temperature, and 6% spend more than a half hour a day unproductively for the same reason. At 68 degrees, Cornell researchers found that employees committed 44% more errors than at 77 degrees. Sustained uncomfortable temperatures not only have a negative effect on employee productivity and health but can also impact teamwork and collaboration.
  • Reduced energy costs. Office air-conditioning systems are often designed for the worst-case scenario of the office being fully staffed on the hottest day of the year, and some engineers add up to 20% more cooling on top of thatto be on the safe side. This results in uncomfortably cold offices in the height of summer when people are more likely to be wearing light clothing. Adjusting the thermostat can not only increase employee comfort but save 25-30% on cooling costs. The Department of Energy says that commercial buildings can save 3% on energy costs for every degree the thermostat is raised in summer and lowered in winter.
  • Adjust the placement of heat-emitting appliances. While employers can’t always adjust the temperature on demand or relocate thermostats for improved comfort, there are ways to make the readings more accurate. Avoid placing appliances with heaters or fans near thermostats, so they don’t influence the reading.

Unfortunately, office temperature will probably always be a source of dissatisfaction, not only due to the significant differences between individuals but because architects and designers tend to tuck thermostat sensors out of sight for aesthetic reasons. Putting temperature sensors above ceiling panels or inside enclosed areas gives inaccurate indicators for the actual comfort of people in the room.

We will probably always rely on office sweaters and throw blankets, desktop fans and personal humidifiers, but, with some care and attention, we can make the office more generally comfortable, increase productivity, and save energy at the same time. Contact us for more information on flexible, comfortable, workspaces.

Five Tips on Finding the Best Coworking Space for You

Joining a Coworking Space can be a great way to have a professional work space without all of the overhead costs. Instead of working from home, from a coffee shop or investing in your own brick and mortar office, try a KC Coworking Space first. Here are some things to look for when you’re shopping for a Coworking Space.

  • Location – consider a location that will be convenient. Keeping your commute short gives you more time to build your business.
  • Tour and Trial Day – the best way to see if a space is a fit for you is to try it out; most KC Coworking Alliance members offer a free trial day.
  • Resources – do you need specific resources to help grow your business? Maybe you need a shared kitchen space for your food-focused business or maybe you need to be around other tech startups. Ask about the other members of the space and determine how you might fit in that community. What type of resources, amenities and event programming does the space have that could support your business?
  • Space – What does the actual physical space offer? Is there a place to make a private phone call? Meeting rooms? Dedicated desks? 24/7 access? Is it close to coffee shops, restaurants, transportation?
  • Costs – How are the memberships broken down? Do you pay one price for all-inclusive membership? Are meeting rooms or events/programming extra?

 

Deciding on a coworking space is an important decision. With a little bit of research, you can find the perfect fit for you and your business.

 

Act Now and Grow

 

Coworking Space That is Home to the Exponential Entrepreneur

This blog is dedicated to my father Shiv Mohan Mukkar.  A man who’s journey to create a great life was founded in a single belief, love.  He truly lived a life of abundance and purpose.  His success in business and life inspired me to believe in the possibility of living in a world filled happiness and Love.

 

Welcome to WorkSocial | A Happiness Company

The back story

In 2010 we started Version 1 of WorkSocial by accident.  My startup failed and I was stuck with a lease of a 2000 sq ft space.  We escape the burden of the rent I subleased the 9 Rooms of my office to 5 Companies.  I gave it to them at cost – serving up an opportunity to help them grow.  It was never about the money.  

In 20 days the space was sold out.  The business went unnoticed until one day my landlord learned about it and got super upset. In his mind I was making a killing and I should share!  He orchestrated a coup threatening by my tenants.  To save face and in fear I gave the space back to him.  The next day he rented the same space to his partner Indiegrove and they created a coworking space.  

I am grateful to my landlord because he validated that I was onto something.  I had to rethink my approach so that it aligned to my purpose of abundance and love.  A few years later with the help of my wife we created WorkSocial | A Happiness Company.  

The WorkSocial Client: The Exponential Entrepreneur

The exponential entrepreneur is one who understands that creating solutions to world problems are the only road to wealth creation.  At WorkSocial we offer a practical platform of doing just that.  

  1. We offer technologies needed to solve such problem
  2. We create a mindset of thinking at scale
  3. We align to create hyper connected crowds to solve problems throughg exponential communities.

If you are an entrepreneur looking to scale your business not 2X or 3X but 100X then join us.  Tell us how we can align to expand your network and impact the world.  WorkSocial is the go to resource for office space utilizing crowd powered tools positioned to help you grow. If you need an office space in Jersey City, Silicon Valley, Shanghai or Singapore or anywhere else but you just don’t know where you belong at WorkSocial.

WorkSocial has democratized and dematerialized the office space and coworking experience.  As the stodgy building owners and landlords resist this metor of change. We all can see that they are headed towards extinction.  I wish them love and farewell.

A safe haven for a hyperconnected crowd that promotes moonshot thinking, creates local impact and replaces scarcity with abundance.

We are not just for the startup.  If you are part of a large and lumbering organization.  Then your competition is probably churning away at WorkSocial.  Joining WorkSocial will give you the opportunity to see how we are creating Billion Dollar  companies by serving a billion people.

WorkSocial is a playground for exponential entrepreneur.  We our members clearly see that there is the need to get away from the app titled world.  We believe that 3 years to profit and 4 years to exit is the norm.  Do you? If yes, What are you waiting for call us and Join the Movement.

Thomas Edison once said, Genius is 1% inspiration and 99% perspiration. Seriously are you sweating? If not What Are you Waiting For?

The 7 Benefits of Co-Working Spaces Over Traditional Offices

Remote and coworking culture
Photo of three young happy colleagues sitting near coffee while work with laptops and notebook. Coworking.

 

It’s time to say goodbye to idea-killing cubicles and stuffy traditional office spaces. Due to the advent of co-working spaces, these stale environments are becoming a thing of the past.

A new player in town has arrived. Co-working spaces are the new alternative to the old office that nobody likes commuting to every day.

Gone are the harsh “Office Space”-like fluorescent lighting and stale lunchrooms. These new spaces feature hammocks and beanbag chairs instead.

They allow small businesses to share space with other small businesses at a fraction of the cost of traditional offices, and also infuse youth and life into the boring constructs of the past.

You and everyone who works for you can benefit from the unique aspects of modern co-working spaces. Let’s look at the 7 top benefits of taking your business into one of these shared spaces.

It’s a decision you won’t regret.

1. Community Collaboration

A great co-working space promotes a social atmosphere.

Typically, you’ll be working with and around people and companies specializing in a wide array of fields. Because of this, you’ll have constant access to other talented professionals who could potentially benefit your business in some way.

Within this network, you’ll have the ability to collaborate and expand opportunities.

This just isn’t the case with traditional office settings or working from home.

Within co-working spaces, you’ll get to know dynamic people who are just as driven as you. Just don’t be afraid to get to know them!

2. More Freedom

A shared space may declare general administrative hours of 8-5, or something similar. However, it’s not like you’re required to be in the office for the entirety of those times.

In a co-working space, you can come and go as you please. You’ll have total freedom.

Want to show up at noon and start your day then? No problem. Do what’s most convenient for you.

In some cases, you may require special access keys or permissions. But you’ll know all this up-front before you start renting.

Co-working spaces make it easy for you to work within whatever schedule you choose. You also have a much higher mobility level in a shared office space.

Don’t want to commit to an entire year of a traditional office space? A co-working space is the way to go.

In most cases, rental plans are month-to-month. This makes it easier for you to work into your budget without committing long-term.

3. Great for Start-Ups, Entrepreneurs and Freelancers

If you’re a small company or working as a freelancer or entrepreneur, a co-working space can’t be beat.

The second you step in, you’ll be surrounded by like-minded professionals who can inspire and motivate you. They also have skills and resources you might not be connected to.

In addition, you don’t need to work alone anymore. Most freelancers miss the social aspect of working around other people. This solves that problem.

When you work in a high-energy shared space, you won’t feel so isolated. If you have days where you need a secluded place to work, book one of the private rooms available.

You’ll be able to focus in peace until the job’s done.

4. Share Resources

In a shared workspace, you won’t need to deal with minute details of running your office. Essentials like printers, projectors, scanners, monitors, cleaning supplies and even coffee are included when you join.

You also won’t need administrative staff. Typically there’s a talented administrative assistant there to man the front desk.

5. Time to Get Things Done

You might think that a co-working space is loud and distracting. Maybe you won’t be able to focus on work.

In reality, the opposite is true.

When you look around the office, you’ll see other high-level professionals hard at work, focused on getting things done. This is very motivating to most people.

As a result, your productivity will go through the roof. Watching other people’s productivity will motivate you to keep hard at work for the duration of your day.

When you feel a part of something bigger than you, it drives you to new levels.

6. Get Involved in Activities You Would Have Otherwise Missed

The best co-working spaces promote a feeling of belonging and community among members.

You’ll have ample opportunity to network and mingle in group events and meetings. You’ll discover clubs to join and events that you wouldn’t have access to while working alone or from home.

It’s great to feel like a part of a team, even if the team isn’t directly involved with your company or venture.

Activities like BBQ’s, meet and greets and after-hour happy hours are a great way to meet new people and make new connections.

Not to mention, sometimes it’s great to just kick back and enjoy great company.

7. Excellent Locations

Nobody wants to be stuck in a strip mall office somewhere outside the city. Those don’t promote much in the way of creativity.

Co-working spaces, although a relatively new concept, are quickly taking hold because of their fun, dynamic nature and great locations.

As the trend progresses, old office spaces are going to become a thing of the past. After all, who wouldn’t rather work in a fun, progressive environment in the heart of the city?

They’re so cost-effective that it hardly makes sense to rent traditional offices anymore.

There are few environments that can offer such a unique ability to bring like-minded people together to learn and collaborate with each other.

They’re popping up all over urban areas where demand for office space is high.

As an entrepreneur, freelancer or small business, it’s time leave the home office or traditional office in the dust. Once you enter a co-working space you’ll know immediately what you’ve been missing out on.

WorkSocial offers the premier co-working spaces in the heart of Jersey City. You really need to experience them for yourself to see what we’re talking about.

Experience Co-Working Spaces for Yourself

With all the benefits of co-working, it’s almost a no-brainer to transition your office into one.

If you’re in the Jersey City area and find this idea as exciting as we do, reach out to us today and let’s talk.

It might be the best professional move you’ve made in years.

See you soon!

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