Factors Affecting the Coworking Industry

With the coworking space market on an upward trend, it’s no surprise that providers are stepping up their game to retain customer loyalty. As they vie for a larger piece of the pie, tenants can not only look forward to more affordable rates but also greater access and variety of services/amenities; all ideal components in establishing our ‘new normal’ when it comes flexible workplace options post pandemic.

Coworking Space Rates

With competition intensifying and people re-thinking how they work, providers are likely to be more cost conscious with their services as a means for attracting new customers. As such, we can expect an influx of budget friendly options that cater to different tiers; from luxury packages down to average or ‘budget’ prices – opening up this once out-of-range offering for companies looking for far cheaper alternatives compared to traditional office space rental rates.

Virtual Work Environments

Working from home has become a necessity in the era of COVID-19, but many people lack access to an environment conducive for telecommuting. Fortunately, coworking spaces have risen up as key players to help solve this problem by offering virtual memberships tailored specifically towards remote workers.

As pandemic safety measures relax we expect that those who prefer office space will return to traditional coworkers and use their new acquired skills with online amenities associated within them such as video conferencing or specialized applications geared towards work efficiency demands while also getting all other perks offered inside these unique offices!.

Health and Safety

Coworking spaces are taking additional steps to ensure the health and safety of its members. Enhanced cleaning regimens, increased sanitisation stations and strict social distancing guidelines provide a safer environment for workers who can’t or don’t want to work from home. To further boost sanitation efforts, some providers have even implemented innovative technologies like HVAC units with air purification filters as well as UV light sterilization systems – ensuring long-lasting peace of mind in this post pandemic era.

Specializations for Niche Markets

Working from home has become more popular than ever, prompting many people to search for workspace solutions beyond the traditional office. Enter coworking spaces – places tailored specifically towards remote workers looking for collaborations and support in an open-minded professional environment.

Recently, these shared offices have started exploring their niche markets by creating specialist services that cater to specific industries such as music production or tech start ups; giving customers access to a unique package of specialized amenities at each location.

Expanded Clientele

As the trend of coworking spaces grows, businesses are increasingly turning to them as an attractive and cost-effective way to get their employees access to top quality amenities without having the overhead or responsibility that comes with renting out a commercial office. This has created new opportunities for brokers offering services in finding ideal shared workspaces – enabling companies not only save on costs but also benefit from full service facilities at these locations.

Coworking Partnerships

The pandemic has opened up a new field for hotels and restaurants around the world who, facing decreased customer numbers, are serving as pioneers in transforming their establishments into coworking spaces. Accor Hotels in France set off this trend by blending hospitality with flexible workplace options to truly provide an innovative workspace experience – from lobby workstations to offices within hotel rooms. Restaurants too have not been left out; taking advantage of lower capacity restrictions or dinner-only operations many eateries now offer customers more than just great food but also a unique place to get down business while enjoying some culinary delights at the same time.

There’s a growing demand for flexible workspaces.

According to WFH Research’s survey of 5,000 Americans, employees want to work from home three days per week on average, primarily to reduce commute time and limit human interactions for health and safety reasons. Furthermore, more than a quarter of those polled stated that they would only accept a future job if it were close to their home.

• Freelancers continue to dominate as the most common type of worker to use coworking spaces, accounting for almost 41% 
• 59% of workers say human interaction is one of their top considerations when choosing a coworking space.
• 59% of workers seek 24/7 access from a coworking space.
• 65% of people who use coworking spaces globally are under 40.

Major Coworking Space Players

Regus Corporation and WeWork are the two major players in leasing office space, with Regus taking 11% of the market share. The European company operates across 900 cities spread over 128 nations, while WeWork has a presence in 77 urban areas around 23 countries globally. Not just coworking spaces, they also offer virtual offices, meeting facilities, day offices and business centres to cater to professionals who may require a workspace but do not have an accessible place near them. (Statista 2021). After Regus, there’s WeWork, Premier Workspaces, Knotel, Kr Space Coworking, and District. 

Singapore Coworking Space Market

Since 2015, the number of coworking spaces in Singapore has tripled, and flexible office space accounts for 4.2% of all office space in the country.

Large corporations in Singapore and the APAC region have reported saving millions of dollars by going remote and eliminating the need to pay for office space. Employees who work remotely have also saved money on transportation and other miscellaneous expenses.

• The majority of coworking spaces in Singapore are provided by seven (7) coworking space providers, with WeWork leading the pack (22%) and IWG (Regus) a close second (16.6%).
• The majority of coworking spaces in Singapore are located in major city centres. This includes Raffles Place and New Downtown, which account for 52% of the city’s coworking spaces, followed by Shenton Way or Tanjong Pagar, which account for 12%. The remaining coworking spaces are located at City Hall and Orchard Road. 
• The average desk price in Singapore is $SGD550 and is expected to rise by $SGD575 in 2023. 

Australian Coworking Space Market 

Despite rising real estate prices across the country, coworking spaces are an affordable option for businesses. Especially after the potential loss of business during the pandemic’s peak, providing employees with coworking space access is a natural progression into the new world of work.

• Banking and finance organizations are the most common type of business that uses shared office space and coworking spaces, accounting for 27% of all companies that use coworking space. This is followed by IT (18.13%), Professional Services (22.20%), and Real Estate (10.05%). 
• Almost three-quarters of businesses (72%) that use coworking spaces choose the private office option. Only 13% prefer coworking desks. 
• The average desk price in Australia is $AU550 and is expected to rise by $AU600 in 2023. 

US Coworking Space Market 

• Regus (IWC) and WeWork are the top coworking space providers in the United States. However, in 2021, the top coworking companies in the United States will also include Impact Hub, Your Alley, Knotel, District Cowork, Industrious Office, Serendipity Labs, Green Desk, and Spaces. 
• Some of America’s largest corporations are also using coworking spaces. Some of the largest companies that use coworking spaces are Apple, Facebook, Alibaba, Microsoft and Samsung. 
• According to Statista, the average monthly desk price at coworking spaces in the United States was $855.

The Future of Coworking

As the coworking space trend surges, these are the trends that we can expect in the coworking space industry:

• Specialization – A whole range of industry-specific offices and niche workspaces will be popping up soon as businesses strive for differentiation within this booming market.
• Health Protocols – Working in a coworking space is likely to remain different for the foreseeable future, with COVID-19 health and safety precautions becoming part of everyday life. From sanitation stations to improved air filters – businesses are taking every precaution they can think of to make sure everyone feels secure while working together.
• Technology – Coworking spaces are poised to make a big leap forward into the future thanks to technological advances. Automated access cards, apps for managing space and services, booking systems, attendance registers and time trackers will all help reduce on-site required resources whilst offering better amenities than ever before.
• Multi-City Locations – In the present climate of modern working, more and more people require flexibility when it comes to choosing their office space – coworking companies have answered this call by providing members with access to quality workplaces near them.
• Improved Design – Architects and interior designers will continue to play an essential role in creating productive, comfortable workspaces. Workers have come to expect ergonomic furniture and stylish interiors.
• New Amenities – As coworking space providers face a rising competitive climate, we can expect to see incredible new benefits arising in the industry. Companies will soon provide awesome extras like babysitting services for busy parents or professionals; direct access to chartered accountants and loans from banks; plus business accounts tailored just for them.
• Sustainability – It’s becoming increasingly important to stay ahead of the competition by offering sustainability features. In fact, observers predict that sustainable practices will become a standard in the near future if businesses don’t want to get left behind. 
• Affordability – With so many new players joining the coworking space market, memberships may become more accessible and catering to a wider variety of budgets. We are likely to see an emergence in tiers ranging from budget-friendly options, middle range selections and luxury levels – each targeting various segments of the population.
• Corporate Shift – The future of coworking space will be dominated by corporate clientele. Though it started out as a haven for freelancers and entrepreneurs, businesses are now taking advantage of collaborative remote working opportunities afforded by these spaces – some even setting up their headquarters in them. With such advantages over traditional office setups becoming more apparent everyday, it seems that companies from all industries will be jumping on board this trend soon enough.

2023 Coworking Space Report

osDORO surveyed coworking spaces in 2022. clients, as well as aggregated property data on commercial real estate. The outcomes were gathered and summarized, supplying data and projections for 2023 and beyond. An additional review of literature, market research, and business research was conducted to provide more data analysis on the state of the coworking space market.

A survey of over 300 global coworking customers allowed for varied responses. According to the result, people prefer coworking spaces only second to working from home. The customers were then divided into groups according to their respective geographical areas. As the world continues its post-pandemic re-opening efforts, this trend will likely shift toward coworking spaces.

Read the full coworking space market report below.

Coworking Space Market Report 2022-2023 – Coworking Space Trends, Analysis, and Stats

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Office spaces in San Francisco come in all shapes and sizes. When choosing your next office, you should consider different cultures, layouts, amenities, and prices, as well as a wide range of locations. Do you require event space to host clients? What about training conference space? Do you prefer private office suites or large, collaborative spaces for creative endeavours?

After all, the city is a cultural epicentre that represents the American dream, diversity, and luxurious living. San Francisco is also one of the most beautiful cities in Florida and the entire United States. San Francisco is known for its vibrant culture and eclectic architectural landmarks, but it also has thriving financial and manufacturing centres.

Freelancers, writers, artists, startups, and small businesses in the Bay Area don’t always require large office space for their thriving business, but they do require the amenities of an office space away from home! An office away from home can help you concentrate while also keeping you organized and energized as you work. 

As a result, San Francisco is unquestionably a great place to do business. With so many options for office space, it can be exhausting and perplexing to sort through them all. Fortunately, osDORO has a wide selection of office spaces in San Francisco for freelancers, artists, entrepreneurs, and even corporate clients to choose from. Here are some of our private offices in San Francisco. 

Top Private Offices in San Francisco

77 Geary St 5th floor

Pitch your ideas in this San Francisco private office. This spacious conference room in the San Francisco region along Geary St 5th floor can be customized to meet a variety of needs. This space can be used for a conference meeting, a business pitch to attract the attention of Wall Street brokers, presentations, or a team meeting. Wi-Fi, lounge space, meeting rooms, and nearby public transportation are all included in the office space. So, if you’re planning a conference meeting or need a thoughtful office space, take a look.

The Montgomery St station is only 4 minutes away, and Westfield Shopping Centre is only 6 minutes away. Desks here start at $848 per person.

44 Tehama St San Francisco

Bring out your A-game in this Tehama St office. Another fantastic office for rent by the hour in San Francisco is located at 44 Tehama St San Francisco. This private office space within the San Francisco region, located in the heart of the city, can accommodate up to 8 people. Montgomery St station is only 7 minutes away, and Woodlands Market shopping centre is only 8 minutes away. It has all of the amenities needed to run a successful business. The floor-to-ceiling curtain walls offer a spectacular view of San Francisco Bay. You can rent desks here starting from $951 per person.

345 California St Suite 600 & 700

A hub for executive meetings in California St. This private office at 345 California St Suite 600 & 700 in the San Francisco region is ideal for giving presentations, developing business plans, and holding executive board meetings. Its location is ideal for almost everyone because it is The Embarcadero Station station is only 4 minutes away, and the Embarcadero Center shopping centre is only 5 minutes away. It also provides a variety of amenities ranging from meeting rooms to receptionist service. The venue has a fibre-optic network connection and modern technology to ensure that your business runs smoothly. We can set up desks here for as little as $882 per person.

1700 Montgomery St Suite 108

A collaborative environment at Montgomery St. This private collaborative workspace at 1700 Montgomery St Suite 108 includes a workspace ideal for up to 8 people. Because of the nature of its design, it is an excellent location for brainstorming sessions, presentations, and hackathons. It is also very reasonably priced and located 3 minutes away from  Embarcadero & Sansome St station. It is also a minute away from the Waterfront Plaza shopping centre. Desks here cost $964 per person. So, if you need a collaborative workspace, this is a great option for private office space in San Francisco.

Did not find what you’re looking for? Let us know your requirements thru chat, and we’ll recommend office spaces based on your needs.

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Because of the rise of the shared office trend, there are many excellent options for coworking space Denver. Many major coworking brands, including Regus, WeWork, Galvanize, and a few others, have coworking spaces in this city. While there are numerous new blooming coworking brands opening in the city. These office spaces are fully furnished and serviced. These coworking spaces operate on a variety of flexible terms. Corporates prefer the flexible solutions provided by these spaces to the traditional office structure. These coworking spaces also provide all of the necessary high-quality amenities and services.

Many of these spaces are in prime locations throughout the city. These coworking space Denver options are easily accessible via various commute options. Freelancers, travelers, part-time workers, startups, and other businesses can all find a place at one of the options listed. Check out the comprehensive list of coworking spaces in Denver, along with pricing information.

Coworking Spaces in Denver for Every Budget

Different types of coworking spaces are available in Denver, from the open layout to posh dedicated offices. These office spaces serve the needs of freelancers, startups, and small to large businesses. These spaces’ membership plans are adaptable and you can surely find one that fits your budget and needs. 

1. CTRL Collective – Denver

Membership: Starts at $199/person

Creativity must be fostered, but many coworking spaces are uninspiring, boring, and frequently suffocate creative inspiration. This is where CTRL Collective steps in. CTRL Collective is a creative haven in Denver. CTRL Collective delights your senses and provides the ideal environment for doing your best creative work, with a clean and contemporary design and features such as a suspended rope wall and steel encased fireplace.

CTRL Collective’s coworking spaces are outfitted with luxurious leather and live edge wood tables, and the walls are adorned with spectacular art by local artists.  

2. Spaces – Ballpark

Membership: Starts at $226/person

When you walk into Spaces, you immediately sense the coworking space’s magic. It’s stunningly bright, open, and visually stunning. With 4300 square feet of open workspace to choose from, you’ll find the ideal spot for your work. Architect desks, couches, traditional tables, lounge areas, and restaurant-style booths are among the many seating and workspace options available in the cafe.

This spectacular workspace was inspired by workspaces in Amsterdam. The community is vibrant and cooperative. Working at Spaces gives you the impression that anything is possible. You’re open to new experiences and capable of great things.

3. WeWork – The Lab

Membership: Starts at $360/person

Each WeWork location has its own culture and community and each location best serves different industries and workers. If you work for a startup in Denver, the WeWork The Lab in LoHi is the place to be.

The WeWork The Lab is a true team environment where collaboration takes place. There are numerous meeting rooms, common areas, and outdoor spaces available for teamwork. WeWork The Lab is hip, vibrant, and full of Denver’s best startup talent, so there’s always the chance to network and collaborate with like-minded individuals.

Of course, where there are startups, there must be beer, and WeWork The Lab has you covered on that front as well. The Denver Beer Company is located downstairs and is a popular after-work meeting spot for Denver’s startup community.

4. Expansive Workspace – 16th Street

Membership: Starts at $362/person

When it comes to value, Expansive Workspace – 16th Street is the coworking space to be in. Expansive Workspace owns the building, which is located near the 16th Street Mall in Downtown Denver, and passes savings and flexibility on to its members. Expansive Workspaces is a great option for teams on a budget, with prices that are frequently up to 20% lower than nearby spaces.

Expansive Workspace, with its variety of coworking spaces and breathtaking views, is also ideal for businesses looking to customize their buildouts or spaces. This structure was also a Colorado Athletic Club location.

5. Industrious – Denver

Membership: Starts at $450/person

Industrious is open and bright, with luxurious and comfortable furnishings. It’s a place where you can get some work done quietly or hang out with friends and work on projects together.

Whatever type of work you need to do, the hosts at Industrious provide best-in-class hospitality, which places Industrious on our list of the best coworking spaces in Denver.

6. Thrive Workplace – Cherry Creek

Membership: Starts at $450/person

Thrive Workplace – Cherry Creek is both a professional workspace and a curated community focused on growth in the Cherry Creek area.

The space is well-designed and modern, as one would expect. It’s in Cherry Creek, near upscale retail and dining options. Thrive is a family-owned and community-minded company that hosts events to promote professional development, mentorship, and, of course, collaboration.

Let us know your requirements, and we’ll show you the best deals. Chat with us today!

Arthur Truong

Enterprise software development experience. More recently in positions including CTO, Lead Developer and Head of Product in Australia. Deep expertise in property and legal technology in Australia with a specialty in lead generation and tech scalability across Asia-Pacific.

The post Cheapest to Most Expensive Coworking Spaces in Denver appeared first on osDORO | Coworking Spaces & Offices for Rent US.

Returning to a stale, worn-out office environment can be depressing. That is not to say that people do not want to work outside the home. Consider a work environment that includes all of the benefits of a premium world-class fitness center, modernist Herman Miller furniture, and cool flexible coworking spaces that take the ordinary office to a new level.

Enlightened work environments in Houston are luring more Texans back to a collaborative setting. These cutting-edge coworking spaces are redefining the concept of an office. For today’s workers, the dreaded classic cavernous pre-pandemic office space simply will not suffice.

The coworking phenomenon has certainly disrupted the commercial real estate (CRE) market in recent years, as well as altered our perception of office space. With a possible economic downturn looming, the question of how the coworking trend will be affected has become a hot topic among CRE professionals and office building landlords.

Growth of Coworking Spaces in Houston

According to a new CBRE report, Houston’s coworking market is having a moment, despite the industry’s growing vacancy rates and weak demand.

Indeed, Houston was discovered to be the largest metro in the United States to see an increase in coworking and flexible office space.

According to the report, which examined flexible office supply in 49 North American markets between the fourth quarter of 2020 and the third quarter of 2021, Houston’s net supply increased by 5.3 percent, making it one of the few regions that saw an increase in space.

Most flexible office operators in major US cities were forced to relinquish space to landlords as a result of the pandemic. As a result, the industry’s total footprint in the country was reduced by 12.2 million square feet.

Houston, on the other hand, added 153,000 square feet during the study period, bringing its total supply to 3.1 million square feet.

The expansion of coworking operator Common Desk, which accounted for 84 percent of new space during this time period, contributed significantly to the accelerated supply. WeWork acquired the Dallas-based firm last month, and it has been rapidly expanding its footprint since 2020.

According to CBRE brokers, the increase in flexible office supply is also assisting landlords in meeting new demand from tenants seeking flexible lease options rather than long-term leases.

Coworking Spaces in Houston

Whether you’re a digital nomad looking for a new location or a Houston resident thinking about becoming a remote worker, there are plenty of coworking spaces to choose from. Check out our pricing table for the latest available coworking spaces in Houston.

Here are more coworking spaces to check out in Houston. Let us know your requirements, and we’ll provide you the top options based on your needs.

Common Desk – East End

Houston’s East End, just east of Downtown Houston, is quickly becoming one of the city’s hottest submarkets, with quirky and unique destinations such as the evolving EaDo District and staples such as the original Ninfa’s. Common Desk is a Texas-based company that enjoys being in the most walkable, desirable, and enjoyable neighborhoods in a city, which is why their first Houston coworking location was chosen for the East End. Common Desk has a wide range of memberships to accommodate teams of all sizes, from shared desks to large hospitality suites. In comparison to neighboring Downtown Houston, the East End offers exceptional parking opportunities at no additional cost.

Servcorp

Servcorp has over 160 locations worldwide, including two in Houston, Texas. One is in the Bank of America Center, a beautiful, tall structure that will make you want to give it your all every time you walk into it. The second location is in the Galleria at Williams Tower. Aside from being connected to the mall, this location is only one minute from the West Alabama Street bus stop and five minutes from Starbucks, Cheesecake Factory, and Del Frisco’s Steakhouse.

The CoWork Lab

The CoWork Lab is in Houston Heights, a historic neighborhood in northwest-central Houston. There are numerous restaurants and activities available after work, such as a bike or brewery tour. This is an inexpensive coworking space. So, if you’re on a budget but still want a space with a wide range of high-quality amenities, this one is ideal.

Regus – Downtown Greenstreet

This workspace, located in the heart of Houston’s central business district, offers a comprehensive suite of amenities and services. From the friendly administrative staff to the on-site cafe, this is an ideal professional home for your team. On the rooftop deck, you can host everything from collaborative meetings to client events.

Arthur Truong

Enterprise software development experience. More recently in positions including CTO, Lead Developer and Head of Product in Australia. Deep expertise in property and legal technology in Australia with a specialty in lead generation and tech scalability across Asia-Pacific.

The post The Future of Coworking Spaces in Houston appeared first on osDORO | Coworking Spaces & Offices for Rent US.

Chicago is one of the American Midwest’s crown jewels, with spectacular architecture and eye-catching grandeur that only Manhattan can match. Numerous unique institutions, including the renowned Art Institute of Chicago, provide ample cultural appeal, while a thriving bar scene provides ample nightlife.

Nonetheless, the city is home to some of the most determined entrepreneurs and business people in the world, which means it is brimming with some of the most beautiful coworking spaces you’ll ever see. Entrepreneurs, authors, community activists, IT experts, and others thrive in Chicago’s coworking spaces because they are innovative work environments.

These modern workplaces, which provide professional workspaces and community outreach outside of residences, coffee shops, and traditional office locations, have grown in popularity over the last decade. Individuals and startups can find coworking spaces throughout the Windy City.

How Much Is the Average Cost of Coworking Space in Chicago? 

Chicago is the fourth most searched market for Flexible Office, trailing only New York, San Francisco, and Los Angeles. According to a 2021 study by the Flex Office Pro Market Data and Insights Platform, the average monthly rent for a coworking space is $350 per person in Chicago. In comparison to the national average of $379 per person per month, this makes Chicago affordable.

Corporate real estate executives and the C-suite are expanding their real estate portfolios to include both core and flexible offices. The term “core” refers to stable office space that businesses lease for long periods of time. The core office is mostly used for headquarters or established markets. Companies rent flexible offices for hours, months, and years in order to provide satellite space, expansion space, and employee mobility. Flexible offices are frequently furnished, serviced workspaces – from coworking to serviced office to direct from the building.

Renting flexible office space is frequently less expensive than renting traditional office space. However, the costs are higher in Chicago than in other markets. According to JLL, leasing of core office space has slowed and pre-leasing is at 31.2 percent. Renters in Chicago can expect to pay $39.66 per square foot for core office space. A core space costs about $5,949 per year at 150 square feet per employee. The average cost per person for flexible office space is $329, for a total annual cost of $3,948.

Find a Coworking Space in Chicago

Check out the pricing table below for coworking spaces in Chicago. There are numerous coworking spaces in Chicago, so here’s a list of those that represent the city’s diversity.  

WeWork Chicago

WeWork is synonymous with stunning interior design that will inspire you to return to work every other morning. WeWork Chicago has twelve locations spread out in all directions. Depending on your needs, you can choose from hot desks, dedicated desks, or private offices.

WeWork is also the best place to meet the brightest minds in the industry, whether they are freelancers, innovators, or even entrepreneurs. Furthermore, you will receive everything you need to quickly establish an amazing brand. The micro-roasted coffee and fruit water are highly recommended!

The prices vary between WeWork locations in Chicago. However, at the Monroe Street location, the minimum coworking price starts at $250.

Industrious Chicago

Industrious, another top Chicago coworking space has locations across the country. There are eight locations in Chicago with equally amazing interiors. Working will always be a leisure activity here because the furniture is ergonomic.

In addition, it serves daily local specialties to its members, such as gourmet Dark Matter coffee, Bennison’s pastries, and even local beer. The daily afternoon snacks are also delectable. Furthermore, the well-designed conference rooms and common areas are ideal for all types of business meetings.

The weekly happy hours are the best part of being a member of Industrious Chicago. These are the best opportunities to meet people who share your interests. Coworking memberships start at slightly more than $400. You can also opt for private offices, which come in a variety of sizes and prices.

Serendipity Labs Chicago

Serendipity Labs is an excellent opportunity to advance your career. It provides premium facilities and upscale interiors that allow you to work comfortably. Furthermore, you’ll be able to focus on the big picture while Serendipity Labs Chicago handles the minor details.

The Serendipity Labs Chicago Loop location is in an excellent location. You’ll also have plenty of space to choose from, whether you’re a solopreneur or part of a larger team on a mission.

Serendipity Labs Chicago offers a variety of membership plans that have been designed to be flexible so that you only pay for what you use. Coworking plans start at $49 per month and go up to $499 per month. Permanent desks and team rooms are more expensive. But they are definitely worth the money!

Arthur Truong

Enterprise software development experience. More recently in positions including CTO, Lead Developer and Head of Product in Australia. Deep expertise in property and legal technology in Australia with a specialty in lead generation and tech scalability across Asia-Pacific.

The post Average Cost of Coworking Spaces in Chicago appeared first on osDORO | Coworking Spaces & Offices for Rent US.

Denver is a haven for outdoor enthusiasts and one of America’s original Old West towns. It is now a thriving economic and administrative centre, enticing many to establish and maintain their professional lives here. Beautiful weather, world-class restaurants and nightclubs, and thriving arts and music scene all contribute to the impression that this is a growing city.

Denver is synonymous with creativity, and what could be more creative these days than being an entrepreneur, freelancer, or startup founder? But what is the future of coworking in Denver this 2022 and what changes can we expect?  

Denver’s Coworking Footprint Post Pandemic

According to a new CBRE analysis, Denver’s coworking space inventory has decreased by 8.7 per cent since the pandemic, bringing the city’s inventory to 2.6 million square feet.

This decrease is being mirrored throughout the rest of the country, with the entire country reducing 9 per cent of coworking inventory since the pandemic began in early 2020. At the moment, the total inventory is slightly more than 80 million square feet.

Coworking operators suffered greatly as a result of the widespread shift to working from home during the pandemic’s onset. Coworking spaces were places of high density and open layouts known for their close quarters just before the world ended. Even after some restrictions were lifted, many of these spaces had to adapt to physical separation and sanitation guidelines in order for members to feel safe.

Despite the fact that Denver’s coworking footprint has shrunk, Denver has the seventh-highest percentage of coworking space in the United States.

Flexible office space can be an asset to a company’s real estate portfolio. It allows for quick expansion and contraction, which is critical as businesses implement hybrid work strategies and assess how their employees will use the office in the future.

As a result of companies shifting their return-to-work strategies, CBRE predicts that the coworking industry will see significant growth in both occupancy and square footage throughout the year.

(RELATED: How serviced offices offer greater flexibility)

Changes in Denver Workspaces Post Pandemic 

Despite being permitted to reopen at 50% capacity, some local businesses are hesitant to return to their offices—and many others are already consolidating, adapting, or moving to coworking spaces. So here are some of the changes users of coworking spaces should expect.

1. Health is the number one priority. 

Most businesses are preparing for the short term by putting up signs reminding employees to wash their hands and maintain social distance. Some companies plan to raise panel heights to create more of a barrier between employees, expand workspaces, and use low-cost solutions to get to the next stage of reopening. 

2. The mask mandate is set to expire in early 2022.

In Denver, masks may still be required in some places after the mask mandate expires in early 2022. It will mainly be up to businesses to implement health protocols. For instance, attendees may still be required to wear a mask at a corporate event.

With covid-constraints in mind, some businesses have chosen to expand their footprints, while others have consolidated their footprints and moved to coworking spaces.

3. Flexibility is key. 

Given the uncertainty of the future, many businesses are embracing flexible lease terms. Businesses can use a coworking space on a monthly or annual basis rather than signing a five- to ten-year lease. Grants and loans are available for businesses that are struggling to pay their rent. Some businesses have been negotiating lease terms with their landlords one-on-one.

Best Coworking Spaces in Denver in 2022

1. Creative Density

Creative Density Coworking is a fantastic coworking space in Denver with a relaxed vibe. It’s ideal for a wide range of tasks. They have areas where you can relax and converse with other people in the space, as well as quiet focus areas where you can focus without being distracted.

2. Alchemy Creative Workspace 

Alchemy Creative Workspace, located in Denver’s West Wash Park & Baker neighbourhood, combines all of the amenities of an urban coworking space with the elegance of a community environment away from the hustle and bustle of downtown.

3. WeWork  

WeWork The Lab is a true group collaboration space. Teams can work in a variety of settings, including meeting rooms, common areas, and outdoor areas. At this trendy, energetic, and full of Denver’s best startup talent coworking space in Denver, there will always be opportunities to connect and interact with like-minded individuals.

Arthur Truong

Enterprise software development experience. More recently in positions including CTO, Lead Developer and Head of Product in Australia. Deep expertise in property and legal technology in Australia with a specialty in lead generation and tech scalability across Asia-Pacific.

The post The Future of Coworking Spaces in Denver appeared first on osDORO | Coworking Spaces & Offices for Rent US.

Brooklyn, New York is on its way to becoming a hot office market in New York City. Companies looking to optimize for social distancing benefit from Brooklyn office space’s relative spaciousness when compared to Manhattan office space. Furthermore, rents in the Brooklyn, NY office market are significantly lower, which is good news for companies looking to cut costs. Coworking spaces in Brooklyn are a viable option for office space for New York-based companies on a budget.

The Future of Hybrid Work and Other Coworking Trends

Let’s face it: even though many people have returned to their pre-pandemic jobs, there has been an undeniable shift in workplace culture. According to a LaSalle Network Survey, 70 per cent of business leaders planned to have employees back in the office by the fall, but 77 per cent of respondents believed their workforce would use a hybrid model.

In support of those findings, a recent Work Design article stated that the coworking market is growing because the concept of the office is evolving, and increased flexibility and agility is a key component of that evolution. 

In this post-pandemic environment, many professionals have figured out how to work productively from home—or at least close to home—and are choosing not to return to the office full-time. People want to spend less time commuting to work, and the rise of coworking appears to make this a more attainable goal for many.

Coworking spaces can help some small businesses, startups, and freelancers cut costs by providing flexible contracts and high-quality office amenities without long-term commitments in an uncertain market. It stands to reason that the pandemic could cause a reshuffling of buildings and office space in the city center.

Current Coworking Landscape in Brooklyn

New York City is the world’s coworking epicenter. Every Brooklyn Coworking Space in NYC is further inspired by this amazing culture and how it can help businesses thrive. Did you know that WeWork was founded in Brooklyn’s Dumbo neighborhood? Yes, WeWork was founded in Brooklyn. A city with an exquisite landscape and boundless creativity. A city where your imagination can take you anywhere, a city where entrepreneurship is just around the corner. Brooklyn’s coworking culture provides every business owner with a proactive platform. Coworking spaces are frequently home to a large number of startups and businesses. It could be a dedicated team, a freelance designer, a software development company’s team, or a small advertising agency.

Brooklyn has a diverse selection of coworking spaces. Every corner, block, and street has a shared work hub that helps its members collaborate and grow with one another. Whether you are a freelancer or have recently left a 9-5 job, the Brooklyn coworking space is the best place to begin a new journey. NYC is a place where people come to realize their dreams; it is a place where everything appears to be possible. Brooklyn’s real estate scene is brimming with coworking spaces; let’s get to know the city’s top ones as well as a few unique workspaces.

Top Coworking Spaces in Brooklyn

1. Industrious – Brooklyn

​​This light-filled space, charmingly nestled between the brownstones of Prospect Park, is sure to keep your entire team energized and inspired. A variety of amenities and spaces are available, including high-tech conference rooms, meeting rooms, event spaces, and more, so you can get down to business no matter what’s on the agenda.

2. Regus – Dumbo

Dumbo is Brooklyn’s tech leader, with the highest concentration of tech firms in the city. You and your team will discover an ideal location as well as spaces that are designed to make an impression. Enjoy the flexibility you need to meet the demands of the day, as well as all of the amenities and service you expect to keep your team productive and energized.

3. Bat Haus Coworking

Bat Haus Coworking fosters a productive environment in which the community can work efficiently and collaboratively. The space is open during business hours and offers tours of its coworking spaces to visitors.

Bat Haus Coworking offers guests fast internet access as well as a kitchen, lounge, backyard access, and printing and scanning facilities. There are also conference rooms available for those who want to organize presentations and meetings with their teams.

The space offers several plans to guests, ranging from day passes with 10-hour access to the “full” pass, which includes access to the on-site conference rooms.

4. WeWork Brooklyn

WeWork Brooklyn is part of an international network of coworking spaces located all over the world. At the time of writing, there are 5 WeWork locations in Brooklyn. WeWork provides flexible workspaces that are popular among entrepreneurs and remote working professionals. You can choose from private office spaces, hot desks in common areas, and dedicated desk spaces.

Let us know your requirements, and we’ll show you all the best flex office spaces available in Brooklyn, NY. Chat with our office space specialist today!

Arthur Truong

Enterprise software development experience. More recently in positions including CTO, Lead Developer and Head of Product in Australia. Deep expertise in property and legal technology in Australia with a specialty in lead generation and tech scalability across Asia-Pacific.

The post The Future of Coworking Spaces in Brooklyn appeared first on osDORO | Coworking Spaces & Offices for Rent US.

As we continue to live in these extraordinary times, the workplace continues to change. These innovations have presented new problems and impediments for business executives to overcome.

Due to the coronavirus pandemic, many of us have begun to seek quiet and comfort in our own personal, private areas, where we have complete control over any subsequent circumstances.

However, while some people have found satisfaction in creating their own private office in the comfort of their own home or apartment, others have come to long for the return of their daily routine.

A serviced office – your very own, fully functional, full-time private office with administrative and technological assistance built in – is a perfect solution to this need.

What Is a Serviced Office and How Does It Work?

Serviced offices, also known as serviced workspaces, flexible offices, managed offices, or executive suites, are commercial premises that include facilities management and are commonly found in business districts of large cities. 

Traditional leased offices may require furnishing, equipment, and other time-consuming and costly resources, whereas serviced office facilities offer more flexible terms. Serviced offices also allow business owners to rent only the quantity of office space they require, rather than overpaying for more.

Serviced offices are office spaces that can be rented on a “as-needed” basis. It’s perfect for freelancers and small businesses who need a space to work and meet clients but don’t want to commit to a long-term lease. These types of workspaces are becoming more popular as our working habits change. Many firms, particularly in major locations like the US and UK, cannot afford high leasing expenses.

The term “serviced” refers to the all-inclusive office amenities that are included in a serviced office, such as administrative support, IT support, a full kitchen area, and facility management.

Who Uses a Serviced Office?

Serviced offices attract a wide range of clients due to their flexibility, convenience of use, and accessibility. Among these clients are:

• Start-ups: Serviced offices are great for new businesses looking for adequate office space without the commitment of a long-term lease.
• Businesses that are expanding into new markets:Businesses venturing into new, unproven markets might benefit from the short-term rental options of a serviced office.
• Project-based teams: A serviced office can give a flexible, short-term option that can be altered depending on the project’s completion date for these organizations or teams that must fulfill a contract.
• Pop-up companies: Pop-up enterprises, like project-based teams, can take use of the flexible benefits of a serviced office if they only need to remain in a certain area for a short time.
• Growing companies: Serviced offices are great for large, developing businesses that are locked into long-term office leases and require temporary workspace for their employees or teams.

How Can Serviced Offices Benefit You? 

1. Flexibility

Long rental contracts can be a disadvantage if you do not always need to work from the office. Serviced offices may be a better alternative in this situation. You have the freedom to work from the serviced office whenever you want, without any obligations. You may only want to utilize the office for customer calls, or you may simply want the freedom to come and go as you want. This is one of the most appealing features of serviced offices, particularly for individuals who prefer a flexible work environment.

2. Collaborative Workspace

Managing your business as a freelancer or as part of a small team, can be lonely, especially if you work from home. Because serviced offices are part of a communal location, they allow you to meet new people, discuss ideas, and maybe gain new business. These office environments appeal to solo professionals because of their collaborative nature.

3. Cost-effective Solution

You simply pay for the space you use with serviced offices, and there are no extended contracts to deal with, making it a far more cost-effective way to conduct your business. You’ll also get access to all of the tools and resources you’ll need to run your company effectively. Long-term rents can be expensive, so taking a flexible approach to your business will help you save money.

4. New Business Opportunities

You may be missing out on possible business prospects if you can’t afford to rent an office space in a sought-after neighborhood with high business potential, such as the heart of London. You may set up shop wherever you want with a serviced office and gain access to a whole new market. This is a major motivator for companies looking to expand their market reach.

Many serviced office providers host networking events as well. You will have the opportunity to meet new people and potentially find someone or a company with which to work on a project. Alternatively, you may locate a new client—either way, you win. You’ll have the opportunity to network with people from other industries who can help spread the word about your products and services.

5. Immediate Availability

Businesses don’t always have the luxury of dedicating weeks to relocating equipment and staff. They may need to get up and running as quickly as possible in order to begin producing money. However, by allowing clients to move in right away, these office spaces lessen downtime.

6. Productivity

Keeping the social side in mind, many people believe that working in a group environment makes them more productive. Working from home can be distracting, however working in a serviced office allows you and your team to be more focused. Keep in mind that many serviced offices will provide you with a dedicated crew. Using the crew at your serviced office, who are also included in the rent, will help you save money on salaries and wages.

7. Trained Admin Staff

Do you have a visitor coming to your office? Do you need to send something out? Do you require some new office supplies? These serviced spaces wouldn’t be complete without a team of well-trained employees, such as a professional receptionist who can help with day-to-day operations. You may relax knowing that you have an extra member of your team to rely on.

Summary

Overall, serviced offices give you all of the basics of running a business, and they free up your time by handling all of the tiny but important issues of administration and utilities. With readily available administrative help and IT infrastructure, serviced office buildings relieve a lot of the stress from business owners. As a result, they’re in higher demand than ever before, and they’re springing up all across the country.

Arthur Truong

Enterprise software development experience. More recently in positions including CTO, Lead Developer and Head of Product in Australia. Deep expertise in property and legal technology in Australia with a specialty in lead generation and tech scalability across Asia-Pacific.

The post 8 Benefits of Serviced Offices appeared first on osDORO | Coworking Spaces & Offices for Rent US.

Coworking spaces are springing up all over the United States, including Houston. Houston, Texas’s largest city with a population of over 2.3 million people, has a plethora of coworking spaces to support the growing culture. For a long time, these shared office spaces have served startups, freelancers, and individual professionals.

This article is for those looking for an affordable yet stylish coworking space in Houston. We’ve compiled a list of Houston’s best coworking spaces, complete with contact information, to help you find a suitable shared office space in the city.

5 Coworking Spaces in Houston

Shared Offices, Dedicated Desks, or Hot Desks anywhere in Houston

These flex office spaces are essential for productivity and business growth for small startup companies and lone entrepreneurs. People looking to make a name for themselves in their fields benefit from shared office spaces. Aside from the happy hours, free coffee, and free printing, shared workspaces provide networking opportunities for those looking to branch out or even partner up.

osDORO can arrange the best coworking space deals for you. Let us know your requirements, and we’ll show you the best coworking spaces available today!

1. Common Desk

Houston’s East End is quickly becoming one of the city’s hottest submarkets, located just east of Downtown Houston and filled with quirky and unique destinations such as the evolving EaDo District and classics such as the original Ninfa’s. Common Desk is a Texas-based company that enjoys being in the most walkable, desirable, and enjoyable neighborhoods in a city, which is why their first Houston coworking location was chosen for the East End. Common Desk has a wide range of memberships to accommodate teams of all sizes, from shared desks to large hospitality suites.

In comparison to neighboring Downtown Houston, the East End offers exceptional parking opportunities at no additional cost. Other amenities include furnished private offices and hospitality suites, free + unlimited conference room bookings, chat booths, craft coffee with espresso bar, community events,  walkable neighborhood, multiple outdoor seating areas, and unlimited access to all Common Desk locations throughout Texas.

2. Servcorp

Servcorp has over 160 locations worldwide, including two in Houston, Texas. One is in the Bank of America Center, a beautiful, tall structure that will undoubtedly make you want to give it your all every time you walk into it. The second location is in the Galleria, at Williams Tower. Aside from being connected to the mall, this location is only one minute away from the West Alabama Street bus stop and five minutes away from Starbucks, Cheesecake Factory, and Del Frisco’s Steakhouse.

The cost of a hot desk is $200 per month, a dedicated desk is $450 per month, and an office is $1,400 per month.

3. WeWork

WeWork has coworking spaces throughout Houston. They provide fully customizable space, as well as shared and private office spaces. WeWork’s newly opened Houston office is just as beautiful as their shared spaces in New York, Chicago, and Austin. This office space is well-known for its professional workshops and networking events, which are available 24 hours a day, seven days a week. WeWork members come from a wide range of companies and professions and do not specialize in any particular field.

Their Hot Desks membership allows them to use the common area’s open workspace. Bring your own laptop and get started. A dedicated desk is your own desk in a shared office. You can bring your plant from home and set it up or monitor it.

It is your space, so personalize it as you see fit. This space includes a desk, chair, filing cabinet, five conference room booking credits per month, and mail handling. Private offices are secure office spaces with lockable doors and desks and chairs, as well as twelve credits per month for booking conference rooms, filing cabinets, and mail and package handling.

These offices can accommodate between one and one hundred people. WeWork in Houston offers Office Suite membership for larger teams. This area is intended for groups of 20 to 250 people. Natural lighting is prioritized in the workstations to maximize productivity while minimizing distractions. You will be greeted with a private reception, an executive office, prone booths, conference rooms, and a pantry. Different Houston locations will provide different spaces and amenities.

4. The Work Lodge

The Work Lodge’s coworking space is bright and adaptable. Coworking memberships are divided into three categories: Starter, Pro, and Business.

The Starter level includes free parking, a physical address, a reduced rate for additional members, professional networking, reduced meeting room bookings, and safe and secure fibre internet.

The Pro level includes everything in the Starter level as well as access to all Work Lodge locations. The Business level includes everything in the Starter level plus extended hours at your primary location.

Complimentary parking, onsite staff, Texas-sized common areas, phone and huddle rooms, events and networks, high-speed internet, commercial printer, cleaning services, security, professional services, unlimited coffee and drinks, and snacks are all included with coworking memberships.

The Work Lodge also has office space available. The office space has plenty of privacy for your needs, with all the amenities that coworking offers plus an onsite concierge.

There are nine different meeting/conference rooms that can be reserved. They have a high-definition television, a secure fibre network, and a wireless display connection. Whiteboards are also used in some cases. Free parking, an on-site concierge, and common areas are among the meeting area amenities.

5. Headquarters

Headquarters offers offices at a price that works for you. There are no one-size-fits-all memberships here. Plus, Headquarters is dog-friendly, offers convenient, on-site parking, unlimited coffee, and 24/7 access.

Price: $50 for a virtual membership; $350 for a regular membership; $450 for an individual desk; and $1,000 for an individual office.

Wrapping Up

Coworking spaces in Houston come in a variety of locations and sizes, with different amenities and space configurations. That’s why finding the right space for your team can be so challenging, requiring you to evaluate different features at different prices. If you’re an aspiring entrepreneur in Houston today, the list above should help you narrow down your search for the perfect shared office space in Houston.

Arthur Truong

Enterprise software development experience. More recently in positions including CTO, Lead Developer and Head of Product in Australia. Deep expertise in property and legal technology in Australia with a specialty in lead generation and tech scalability across Asia-Pacific.

The post Top 5 Shared Office Spaces in Houston this 2023 appeared first on osDORO | Coworking Spaces & Offices for Rent US.