As we said last week, we are going to look at why coworking spaces have become so popular among millennial entrepreneurs and workers. While a coworking space can be a good choice for a business owner of any age, this one group of young workers have latched on to the idea of sharing their workspace with others, and it is paying off. Let’s take a look at why this is. We mentioned last week that millennials are known for doing their own thing. Many of them simply do not go with the flow. They don’t want to work in traditional corporate jobs. They don’t want to be confined to the same jobs and destinies that their parents were in. They don’t want to work in the same traditional office spaces and follow the same rules. Millennials are shaking up the way the world does business, and it is paying off in many ways. Coworking space is just one of the places that millennials have learned to thrive.
Coworking Space Doesn’t Feel Like a Trap
We shared last week that millennials don’t like to feel trapped. While they may feel that the traditional 9 to 5 office grind that their parents worked is an honorable way to live, it is simply not for the choice for most millennials. Millennials are choosing more and more to be entrepreneurs, independent contractors or freelancers, to own small businesses or startups. And the traditional office space simply does not work for these choices. Today’s entrepreneur doesn’t work 9 to 5, and they cannot work in an office that does. Coworking spaces are open. They are versatile.
Millennials are drawn in by the large, open areas that coworking spaces offer, where teams can bounce ideas off of each other and work together to be more productive. No longer is the businessman or woman required to sit alone all day in a stuffy office relying on only their own ideas to grow their business. Community spaces in coworking offices encourage employees to work together towards a common goal, allowing a business or startup to reach that goal much faster.
Coworking Spaces are Cost-Efficient
As we mentioned in a former article, it is a great deal cheaper to lease a coworking space than it is to lease a traditional commercial property for an office business center. With the traditional office, a lengthy commitment is almost always required. Usually, a commercial space for lease for these offices can only be for a year or more. It is very rare to ever find a commercial rental space that can be obtained for a period of under 6 months. As Go Ask Cody shares, “Full-scale offices require nearly full-time work to keep them humming. There are costly responsibilities such as hiring cleaning, facilities and services, reception, and other necessary business necessities.” Most of these amenities are available with a lease for a coworking space. And coworking spaces can do not have the lengthy requirements that a traditional office lease does. These spaces typically can be leased by the day, the week, the month, or the year, depending on your need and budget.