How and where people work has dramatically shifted over the past decade, ushering in new spaces where digital nomads and entrepreneurs thrive. In fact, the paradigm shift toward shared office space and co-working may leave the traditional real estate model, as we know it today, obsolete. According to CRESA, co-working and flexible workspaces are forecasted to grow from 1% to 30% of corporate real estate portfolio by 2030.
The biggest benefit to startups with this shift is that new collaborative workspaces allow entrepreneurs to find a space that best suits their needs, whether for a day, week or for the long run, and to make important connections with the larger entrepreneurial community. At Regus, our spaces are a destination for collaboration and to grow a community of successful entrepreneurs and small business owners. We believe that success breeds more success.
Here are the key reasons co-working spaces are becoming popular among the startup community:
- Flexible design helps entrepreneurs share ideas. For startups who opt for a more traditional office space, they can miss out on the potential for idea sharing and learning from other like-minded individuals and business owners. Co-working offers a new and inclusive way to work that energizes and inspires a community that works together.
- Work is no longer a place you go, it’s something you do. The birth of co-working sprang from the demand for more relaxed, flexible and inviting environments to create and innovate. At Regus, we strive to make your workplace an inviting destination that offers interesting and relevant ways of networking and fostering a greater sense of collaboration.
- The coffee shop is for sipping coffee and checking email. Coffee shops are bustling with activity, but they aren’t necessarily the best place to work. With Wi-Fi nearly everywhere, it’s convenient to stop at a coffee shop and skim through emails but it simply isn’t the best place to concentrate to complete work tasks, nor is it a professional environment for meetings. Shared and co-working spaces provide a similar appeal but an environment that’s much more conducive to work and to meet other professionals.
- Remote offices are not going away. According to the Harvard Business Review, telecommuters are more productive and more engaged than those in the office. Flexibility is a priority for many employees and shared resources are attractive. The inherent flexibility of co-workspaces offers startups a better and smarter way to use their employees’ time. Co-working also gives startups room to grow allowing them to easily take up more desks when needed and retract when business is slower.
Regus Canada has 10 shared office locations in the Peel region for companies and entrepreneurs to make connections, flex their creativity, exert their sociability, and learn from others. Regus’s goal is to bring connections to life through a meaningful office experience.