Many leading companies and startups have embraced the coworking culture and reported immense growth. Coworking spaces have become one of the reasons behind the company’s success. In the coming years, the coworking industry is expected to grow at a faster rate than expected. According to a Global Coworking Unconference Conference (GCUC) report, the number of coworking members is expected to touch 5.1 million in 2022.
As this industry is getting more eyeballs, many businesses, startups, and companies are shifting from traditional office spaces to coworking spaces. No doubt, there are countless benefits of working in a coworking space. We get everything in a coworking space, from a cafeteria to enjoy some tasty meals to a great working environment that pushes you to work hard and grow.
With time, many companies, businesses, and startups are adopting this coworking culture due to the working culture. But some business and startup owners, like you, are still skeptical about the coworking culture. This is because of the misinformation about the coworking spaces on the internet. The internet is surrounded by myths about coworking spaces, making you doubt the entire coworking industry. No longer now.
This article will debunk the popular myths about coworking spaces surfacing on the internet. We have created a list of popular coworking space myths and answered them with the correct facts. This will clear all your doubts regarding coworking spaces. So, you can decide whether to shift from your traditional office to a coworking space or not.
Read ahead and check coworking space myths in 2022.
8 Popular Myths About Coworking Spaces in 2022
Here are the 8 most common myths related to coworking spaces in 2022. Have a read.
Myth #1. Coworking Spaces Are Extremely Costly
One of the most common myths about coworking spaces is that they are extremely costly and small businesses can’t afford them. People easily believe in this myth because they never try to look at the amenities and features they get at that cost. The cost of a coworking space depends on your needs and requirements. You can rent a coworking space with all basic amenities and features under your specified budget. If you Rent a Coworking Space in Bangalore or anywhere for this team size, you need to pay based on the seats you need.
Fact: Comparatively speaking, coworking office spaces are undoubtedly more-affordable than traditional ones. Besides, coworking spaces offer an excellent working experience at an affordable price, such as a comfy environment, great vibes, basic enemies, etc. What else do you need when you get everything inclusively at effective pricing? In addition, coworking spaces work on the ‘You Pay What You Need’ model. When it comes to coworking office space, you don’t pay for something you don’t use or need. You only pay for what you need.
Myth #2. Coworking Spaces Are Noisy & Distracting
Another popular myth about coworking spaces is that they are too noisy and distracting. The reported reason behind this is many people share the same space. We have heard people saying this a thousand times. But, this isn’t true. Several employees from different companies share the same office space in coworking office spaces to get their work done.
One of the primary benefits of coworking office spaces is to increase employees’ productivity by offering them a peaceful working environment. Coworking spaces are designed strategically so one employee’s experience can’t hamper the experience of others. Yes, there would be instances when you would find people talking, making the environment a bit noisy. But that’s how coworking spaces work. They are also built to engage with other employees and build a great network. If you prefer working in complete silence, then a coworking space isn’t an ideal option for you.
Fact: According to a survey by Clutch.co, 54% of respondents said they find themselves more productive when working in a coworking space than in a traditional office space. Additionally, 25% of survey respondents stated they work in a Coworking Space to network and collaborate with other employees.
Myth #3 Coworking Is Only Perfect for Startups, Solopreneurs, and Freelancers
There is a myth among business owners that coworking spaces aren’t perfect for giant teams. They think they are only suitable for small business owners, startup owners, freelancers, and solopreneurs. Due to this, they invest in traditional office spaces, which costs them a lot. Having a traditional office space again has some advantages and disadvantages. However, this myth isn’t true at all. Coworking office spaces are an ideal option for all kinds of professions, even for huge team sizes.
Fact: Coworking office spaces aren’t limited to any industry or profession. We have usually seen leading tech startups and companies embracing the coworking culture. But, coworking office spaces are now catching more eyeballs across multiple industries due to their attractive features, such as flexibility, amenities, cost-effectiveness, and more.
Myth #4. Coworking Spaces Are for Short Term
How Many Times Have You Heard People Say ‘Coworking Spaces Are for Short Term?’ Many Times. Right? A coworking space myth suggests that demand for coworking spaces is just a short-term trend. It will eventually fade away after a short span. Notably, tech giants like Amazon and Google have praised the coworking culture.
Fact: Global Coworking Unconference Conference (GCUC) report states that the number of coworking members is expected to reach 5 million in 2022. In 2017, this number was 1.74 million. This shows that more new businesses and startups will adopt this culture in the coming years. Hence, we will not see a downfall in demand for coworking spaces unless some tragic event happens, such as a pandemic, natural calamity, etc.
Myth #5 Coworking Spaces Doesn’t Give Space to Grow
Many business or startup owners believe that coworking spaces don’t give room to grow. In short, they hinder their company’s and employees’ growth. But, this is indeed a myth. Coworking space allows you to expand your team anytime without any constraints. You can rent as many seats as you want. You will never feel restricted while working in professional coworking spaces. You can also customize your coworking space as per your needs to ensure it doesn’t hamper your company’s and employees’ growth.
Fact: You can strengthen your team by adding more members to it. You can rent as many spaces and seats as your team expands. You can also be as flexible as you want without any restrictions. In addition, the workforce of several companies share the same space, so it opens more networking opportunities for you and your employees. You get all this in a perfect coworking office space, like 315 Work Avenue. 315 Work Avenue has coworking office spaces in popular startup hubs like Bangalore, Mumbai, and Pune.
Myth #6. All Coworking Spaces Come With No Difference
Fact: One of the most common myths about coworking spaces is that all working spaces offer the same experience and come with no difference. But, it’s again a myth, not a fact. Coworking spaces vary from place to place. Every coworking space gives a whole different vibe, experience, and features. And these things make a lot of difference between them. So, it depends on what you are looking for and for what purposes you are looking for a coworking space.
For example, all of 315 Work Avenue’s Coworking Spaces across Bangalore and other cities offer a different vibe and working experience. Each coworking office space is designed while keeping each small detail in mind. So you shouldn’t feel monotonous while working in our coworking office spaces. In addition, you can create your own difference by customizing our working spaces as per your needs.
Myth #7 Coworking Is Similar to Renting an Office Space
Some business owners think renting a coworking space means renting a traditional office space. Technically speaking, it is similar to renting an office space, but there are still some differences. Coworking office spaces are better and more modern than traditional office spaces.
Fact: There is a slight difference between renting a coworking space and a traditional office space. When you rent a conventional office space, you don’t get anything extra, regardless of the office space. You don’t get access to basic amenities like IT infrastructure, Housekeeping, WiFi, etc.
On the other hand, when you rent a Coworking Space, you get all the basic amenities, such as WiFi, Server Hosting, Power Backup, and more. For instance, 315 Work Avenue’s Coworking Spaces offers all the basic amenities and a pleasant working environment. You get access to all niceties, such as WiFi, Server Hosting, Power Backup, Cafeteria, Security, etc.
Myth #8 Coworking Spaces Are Only Shared Office Space
Many business owners believe that coworking office spaces resemble shared ones. This is again a popular myth related to coworking spaces in 2022. These two terms undoubtedly sound similar and confusing at the same time. We need to again brush up on the fundamentals of coworking spaces to understand this myth better.
Fact: Coworking office space is a shared working space where employees from varied companies work together and share the same working space. They share the same furniture, cafeteria, lounges, and other basic amenities. The “other basic amenities” include WiFi, Connectivity, Printers, Photocopiers, etc. Yes, this sounds too similar to shared office spaces. Notably, some points create a substantial difference between these two terms.
Coworking office spaces are often used by small business owners, startup owners, freelancers, and solopreneurs. However, shared office spaces are often used by well-established businesses and companies. Big teams can also use coworking spaces, but they generally choose shared office spaces.
Another common difference between coworking and shared office spaces is the ‘Vibe.’ Both places give a different vibe because they cater to different audiences. Shared office spaces are usually quieter and more private. You don’t get the opportunity to interact with employees from other companies. But, newer companies and individuals who want to work, network, interact and collaborate with others usually rent coworking office spaces. Other than this, their ‘Amenities,’ ‘Layout,’ and ‘Location’ also create a huge difference between them.
Final Words – Myths About Coworking Spaces
Some of these myths are actual facts, but many aren’t. We shared the most common coworking space myths with you today. Our main motive for sharing these coworking myths with you is to dispel any misconception about the coworking industry in your mind. These misconceptions might be holding you back from shifting from renting a coworking office space. We hope these myths cleared all your doubts regarding coworking spaces. So, these were the popular myths about coworking spaces in 2022.