Types of Coworking Space Available

Updated 30/08/2023

Coworking is a great solution for organisations of all sizes, from SMBS to large corporations. Why is coworking so popular? It’s because these spaces are all about flexibility, which is a necessary element for most businesses these days.

As coworking spaces continue to grow in popularity, more types of coworking spaces are available now than ever before. So, how do you go about figuring out which is the best one for your business?

We’ve put together information about the main types of coworking spaces available. As we review different coworking space types, we’ll also review the characteristics that may be a good choice for your company. When you know what’s available, it’s much easier to choose the coworking space that’s right for you.

 

What is a Coworking Space? 

Coworking spaces are a way to have access to a dedicated office space in an expensive business area in the city or the suburb. However, the costs are significantly lower for a coworking space than they are for a traditional office. And coworking spaces are available in a wide range of types.

While coworking spaces can vary greatly, they usually include access to amenities that are included in a single monthly fee. Amenities may include fully stocked kitchens, superfast Internet connections (both wired & wireless), free parking, meeting rooms (available at a discount), open access (24/7), a lively community, and more.

You’ll find coworking spaces that cater to specific businesses, such as tech companies, businesses in the financial industry, spaces for creatives, and so much more. These spaces offer the ability to work in a collaborative area with other like-minded business professionals. It’s possible to find mentors, collaborators, and more when working in a coworking space.

 

Are Coworking Spaces Right for You? 

There’s no question that coworking spaces are a great choice for a wide range of businesses and industries. They’re usually a more cost-effective solution, too, when compared to renting a traditional office space.

Coworking spaces also provide you with a distraction-free place to work. You can focus and give a boost to your productivity in a space that’s used to work, without the distractions of working from home or in a local coffee shop.

In addition, you have access to all the amenities offered in the coworking space. All of these are included in a single monthly fee. It’s easier to track expenses, and you don’t have to worry about setting up your own network, office equipment, and more.

 

Types of Coworking Spaces

In this section, we’ll review the most common coworking spaces available today. It’s possible to find coworking spaces that offer custom build-outs, flexible terms, and plenty of valuable amenities. But choosing the right one can be difficult.

Here are some of the most common coworking spaces available:

 

1. Conventional/Open

Convention or open coworking spaces are usually what most people think of when coworking comes to mind. You might say this is the most conventional type of coworking space you’ll find. These spaces are not usually niched for specific businesses or industries. Instead, they provide open, collaborative work environments that are available and appropriate for most companies.

A conventional coworking space may not always provide the privacy a company needs. However, these are energetic workspaces that are casual, well-lit, and lively environments. These are great places for networking and more.

 

2. Full-Service Coworking Spaces

Full-service coworking spaces, also called high-end coworking spaces, usually offer more valuable amenities than conventional coworking spaces. They may also offer additional membership benefits. These may include access to commercial kitchens, food, and beverages for their members.

You expect a full-service coworking space to be higher-end and provide more luxury and convenience than some of the other types of coworking spaces.

 

3. Corporate/Professional Coworking Spaces

Corporate/professional coworking spaces cater more to corporate or professional tenants. These are usually easier on the budget than a full-service coworking space. These spaces offer a quiet atmosphere that includes privacy and a highly professional environment. The lighting may be slightly dimmer, and the environment less energetic than other spaces.

These coworking spaces may not be the right choice for startups or small businesses that need plenty of collaboration. However, corporate and professional companies will appreciate what these coworking spaces have to offer.

 

4. Private Workspaces

Next on our list of coworking types are private workspaces. These flexible workspaces are usually best for companies and teams that require more privacy. For instance, if a business is worried about competition, a private workspace is the best option.

Private workspaces include lockable doors and may even have access to an entire private floor. The facility may allow corporate branding and provide access to a private kitchen, conference rooms, and more.

These spaces usually include a flexible contract that can be as short as six months. These are usually a great choice for teams of eight or more, though these spaces do cost more than conventional coworking spaces. However, they provide the flexibility with the privacy of a traditional office.

 

5. Minimal, Bare Bones Spaces

Here’s a coworking space that’s perfect for the minimalist. This is closer to the conventional coworking space and is usually the most affordable. These spaces are large, open workspaces that contain less furniture and décor than other coworking spaces.

They offer WiFi access, along with some basic amenities (including free coffee). However, these are bare-bones workspaces. They’re also usually quieter, more casual, and dimly lit.

 

6. Industry-Specific/Specialised

This type of coworking space is best for industries or companies with special requirements. These are great places for businesses in healthcare, law firms, creatives, and other specialised skill sets. The reason these spaces are great for specialised companies is that they offer a customisable environment for each business.

What’s more, these coworking spaces offer more privacy and can be tailored to fit a wide range of companies that need a specialised workspace.

 

Summing It Up

We’ve covered some of the most common types of coworking spaces available. Our list is not exhaustive, but you get a better idea of what’s available for your company.

So, it pays to take your time and thoroughly research the different types of coworking spaces available in your area. It’s best to find a coworking space that offers fees to fit your budget, combined with the resources and environment your business needs.

FAQs

Q: Are coworking spaces only for freelancers and startups?
A: No, coworking spaces cater to a wide range of professionals, including remote employees, corporate teams, and even large corporations.

Q: How can I choose the right coworking space for my needs?
A: Consider factors such as location, budget, amenities, and the type of work environment you prefer. Visiting spaces and assessing their atmosphere can also help you make an informed decision.

Q: Are there coworking spaces that offer specialised equipment?
A: Yes, some coworking spaces provide specialised equipment, such as 3D printers, recording studios, and design software, to cater to specific industries and creative professionals.

Q: Can I use coworking spaces for virtual collaboration?
A: Absolutely. Many coworking spaces offer virtual membership options, allowing remote professionals to connect, collaborate, and attend virtual events.

Q: Are coworking spaces only for business purposes?
A: While coworking spaces are primarily used for work-related activities, some spaces host recreational events, wellness programs, and social gatherings to foster a sense of community.

Q: How do niche-specific coworking spaces benefit professionals?
A: Niche-specific spaces create a supportive environment where professionals with similar interests or values can connect, collaborate, and share insights within their niche.

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