Yet another reason that coworking spaces are well-liked is the flexibility of the model. Coworking spaces often do not lock companies or individuals into standard length leases, which are often three years or longer. While this originally appealed to tech start-ups and freelancers, any type of business can appreciate not having to lock up capital on a lease.
If companies need to scale up or down and lose or gain space, it’s much simpler in a coworking building than a traditional office. At TechSpace, for example, certain walls are built to be easily taken down if more space needs to be opened up.
On the other hand, while flexible office spaces are helpful to aid productivity, the ideal amount of structure is often just as necessary. One of the pitfalls to working from home is a lack of structure. So many distractions around you make it easier to lose focus and get off track. In a coworking space, members get the benefit of a dedicated physical space alongside the existence of a community that can help keep each other accountable. With the operator handling logistics like reception, mail, conference rooms and more, an ideal balance can be achieved.