Millenials love coworking

Millennials are major influencers of office design and will most likely factor into how companies address start up business office space in the years to come. This cohort has even altered the popular and ubiquitous open floor plan work environment because of the noise issue. An Oxford Economics survey found that 50 percent millennials who work in an open environment don't like the noise and wanted "uninterrupted work time." Other millennial-influenced office features include prewired Wi-Fi, game rooms, lounges and nap rooms.

In addition, a PricewaterhouseCoopers and Urban Land Institute report last October also predicted a move toward more shared office space in Bangalore in its annual "Emerging Trends in Real Estate" report for 2016, particularly for "knowledge workers," like lawyers and business consultants, in larger markets. 

 

Experts have also said that as millennials and younger workers enter the workforce straight from college, more of them are demanding different office environments that allow and encourage the flexibility and movability that they had during university. Younger employees also expect a strong sense of collaboration and integration of technology in their spaces

The concept of people who share values gathering in an area because of the synergy that happens from working with a group of talented people in the same space can be defined as officespace for entrepreneurs. It provides a source of inspiration, collaborations, networking and an amazing way of getting inspired as well as to create new prospects for your business.

Plug and play officespace provide professionals with the ability to move away from the distractions that come with working from home and get work done. It is usually equipped with amenities such as internet access, audio and video equipment, office equipment, reserved desks, meeting spaces and sometimes a kitchenette. There are numerous advantages that come with co-working especially for the small business owner, work-at-home professionals and entrepreneurs

You become part of a community with co-working because it brings the feeling of being connected as opposed to being isolated. This helps to develop new ideas and innovations. You even get to communicate your ideas to people who share your vision and work together towards achieving your common goals. There are a number of factors to consider when choosing a co-working space and they include:

If being in a professional environment will make you more productive.

If exposing your clients to other businesses bring about the issue of competition.

The cost of the co-working space and how you will be paying, will it be in monthly installments or prepayment for a given amount of time.

In the long run, only you as the business owner can make the decision on what really is the best move for your business and if having a co-working space will result in more benefits.