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Since people have been working in offices, trailblazers have been searching for different ways to structure the workplace. Well, maybe that’s a bit of an overstatement, but it’s surely true that innovators are always looking for different ways to engage with their environments. Naturally, that extends to the work environment. Enter coworking in Union Square, San Francisco stage right!
Simply put, coworking is the practice of shared workspaces. Multiple unrelated companies work in the same building, often using the operator’s administrative and amenity functions. In today’s modern and ever-changing office world, the fastest growing alternative to the traditional office space is a coworking space.
Since TechSpace – one of the very first operators in the coworking space industry – was established in 1997, the coworking industry has become a global phenomenon! Around 2008-2010, more operators joined the market, but in recent years the industry has veritably exploded. According to Emergent Research, over 1000 new coworking spaces opened in the second half of 2018 – nearly half of which are located in the U.S.
So, where do coworking spaces fit into the tradition of office spaces? With the increased capabilities of technology, the way people work and want to work has changed over the years. In order to attract top talent and younger demographics, many companies are ditching traditional spaces in favor of the more flexible coworking model.
New or growing companies often don’t have the funds (or desire) to start in traditional spaces, but they also don’t know where their company will be in one year, let alone five. Given that traditional offices have standard two-to-five-year terms, growing companies may not want to tie up their capital with such long leases. The flexibility of shorter terms provided by coworking spaces, on the other hand, easily accommodate growth and change. Even large enterprises are now housing divisions of their companies at coworking spaces.
In San Francisco – an area brimming with tech giants and the biggest up-and-coming start-ups, – it’s more important than ever to provide flexible office space options to meet the ever-evolving needs of a wide variety of industries. Coworking offices serve to not only be the homes of these companies but also allow them a collaborative environment to rub elbows with other professionals they otherwise might not be able to in traditional offices. You also can’t beat working out of a classic, 110+-year-old San Francisco building with high ceilings, huge windows, and exposed brick! It’s also clear as soon as you walk into a TechSpace office suite that we are very generous with space, which you won’t typically find at other coworking spaces.
What kinds of companies are best served by coworking spaces? Turns out, many industries are quite well-suited for the coworking environment. TechSpace San Francisco is home to a variety of companies and industries all across the spectrum.In addition to what you might expect to find in a location so close to Silicon Valley, such as software companies, we are also home to everything from gaming companies and venture capitalists to AVA Women, a company blazing trails through the women’s health and fertility industry. No matter which industry a business operates in, superior technology infrastructure – like the one we provide – is absolutely crucial.
Employees thrive in coworking spaces due to the aesthetically intriguing, inspiring architectural designs of the spaces themselves, as well as floor plans maximized for productivity, and of course a thriving community of like-minded individuals.
How good is coworking for networking? The community in San Francisco is all about it! In true San Francisco form, our community members are committed to “the grind” while never losing that down-to-earth, stop-to-chat-with-you mentality. It’s common to overhear members from different companies chatting about the latest tennis match on TV or bonding over beers at one of our beloved happy hours.
“We are in the heart of Union Square which is also the heart of the city! The area around us is always bustling with culturally diverse people since many come from all over the world to work in and experience city life in San Francisco. If the sights of the city from the 5th and 6th floor don’t get you inspired, we are fortunate to be in an amazing walkable area with an abundance of incredible food options to get outside and enjoy the weather!” – Corri Uyeda, Site Manager at TechSpace San Francisco
As with any major decision, there are important factors to think about when choosing a coworking space in San Francisco. First, look at the size of the office spaces and compare them when looking at other operators. All five-person offices are not equal! Some operators, like TechSpace, have more spacious suites, so what is listed as a five-person office could actually fit up to seven depending on how much space you feel each of your employees actually needs!
You also must consider whether or not there’s room for your company to grow. You may only need a small office now, but as your company scales, can they scale your office space? Customer service is important, too: not all operators are equal when it comes to helping their members. Make sure you will get all the support you need for your business!
Coworking in San Francisco isn’t just for large companies or start-ups, though. What other uses can coworking spaces provide? Our standing phone booths are a big hit if you need to stretch your legs a bit while you get things done, while our on-demand conference rooms are a popular amenity among members and non-members alike. And that alone is another TechSpace bonus: you don’t have to rent an office or be a member to book a conference room.
For those who are working at home but need to meet clients in a professional environment, coworking spaces are ideal. At TechSpace, you can book by the hour for a variety of size meeting spaces. Virtual services, such as mailing addresses and business phone numbers, are also available, as well as call answering by a professional receptionist.
So what’s in store for the future of coworking? Since the industry is expected to continue to grow in popularity through 2023, a few predictions include:
Is coworking in San Francisco the right path for your start-up or growing company? Find out more about why TechSpace’s coworking offices can be the right fit for your business!