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Why Do People Thrive In Coworking Spaces?

January 07, 2022 by Kennards Self Storage

There seems to be something special about coworking spaces. 

A study published in the Journal of Organizational Behavior shows found that, when asked to report their levels of thriving, people who belong to coworking spaces rated averaged 6 points on a 7-point scale, which was higher than the average for employees who work in traditional office settings.

The Global Coworking Survey by Deskmag also unearthed information that is pretty hard to ignore.

According to the survey, 62% of the participants reported that their standard of work had improved after joining a coworking space, while 71% experienced a boost in creativity.

The survey, which involved 661 professionals from 24 different countries also found out that 85% of the participants felt more motivated when working out of a coworking space. Another 70% reported that they were ‘very happy’ working out of a coworking space.

5 main reasons why people thrive in a coworking environment. 

1. Community + Networking

It's no secret that much like other creative communities, coworking attracts like-minded people. Whether you're a regular at a space or just passing through as a 'Digital Nomad', there is always a wildly creative and diverse space to share successes and create valuable connections. 

Remember - these are people you wouldn't have met otherwise, and in every new person there is an opportunity for sounding board your newest idea, or even a chance to collaborate on a project. The coworking mindset is that of inclusiveness and sharing. I've personally found that it's refreshing to be in a mutual bubble of concentration with so many different ideas, projects and elaborate conversations happening around me.

2. Reduced loneliness + Quality interactions

After the events of this pandemic, it's safe to say that more people than ever have experienced working from home. It works great for some...but not so great for others. Kids running around, slow wifi and the ever-enticing sofa are some of the main drains on focus and productivity. But what about loneliness? For the person who thrived on a Monday to Friday routine that involved an early commute to a workplace every day, maybe a gym session with your PT and a great coffee at their favourite cafe on the way, followed by a predictable and structured day culminating in after-work drinks, working from home for prolonged periods can be very lonely indeed. 

Of course, for many thousands of people, Covid wasn't the driver that led them to make the change to flexible working. A change of circumstance, a decision to go freelance or finally start the business they've been dreaming of - however they get there, many are learning that joining a coworking space is a positive way to boost productivity and increase the quality of your daily social interactions.

3. Flexible hours + Cost efficiency

With the number of coworking spaces worldwide on the steady increase, flexible working gives you wings! Some coworking chains provide membership options with unfettered access to plug in at any time and in many locations. Convenience is another obvious factor. As well as this being a benefit from a freelance or employee perspective, it enables employers to hire the most skilled staff, regardless of their location, whilst also reducing the possibility of them feeling detached.

The flexibility that a coworking space offers can also be crucial for companies in need of expanding and comes without the tether of a long-term lease agreement. In addition to this, it means you only pay for what you need, when you need it, which is far friendlier on cost!

4. Less stress + Enhanced productivity

Coworking spaces are designed with productivity in mind. There's often a mix of comfortable common spaces, private offices, casual hotdesking and meeting rooms available to hand so you're sorted for all your needs. Here at Kennards, we offer rentable private offices, fixed desks, meeting rooms and conference spaces- all with a range of different options available to be flexible and convenient to the customer. 

 Lots of natural light, soft background music, casual decor and being surrounded by other people working makes for a comfy and refreshing workspace- minus the distractions you'd get at home!

5. It's great for mental wellbeing!

There are very few of us that thrive from being couped up in unproductive work environments and it's no surprise that people working remotely often feel removed and disconnected from their business or colleagues. Especially as we're coming out of this pandemic and quickly into a growing mental health epidemic, it's crucial that we have places we can escape to, people to talk with and supportive systems around us - regardless of if they're work-related or not. 

Regardless of employee age, the benefits of an office design that facilitates coworking are being universally recognised. It helps attract the best workers and improves retention and engagement. People can choose when and how they work. The lines between home and work are being blurred in a good way because people can be their authentic selves and bring their top game to the office.

From a financial point of view, coworking gives customers flexibility as they do not have fixed overheads, and there are no leases or lock in contracts.

Another benefit of coworking is improved output, as reported by Harvard Business Review.3 Studies showed that while workers value autonomy, too much autonomy cripples their productivity. Coworkers reported “that having a community to work in helps them create structures and discipline that motivates them.”
Indeed, a sense of community helps people to thrive at work, not only in motivation, but also through an improved sense of well-being and mental health.

Workspaces By Kennards are innovative, boutique, private office rooms for rent, totally flexible with no lock in contract, no legals and no bond. This flexibility means you can optimise your office space for your business needs and scale as required, the perfect solution to freeing up the spare room at home, downsizing the large office area you no longer need or starting up the long-awaited business without the headache of a Lease.       

Our office spaces are accessible 24/7, providing access to communal areas including a modern kitchen and bathroom facilities.

Conveniently located at 105 Wigram Street, close to the Parramatta CBD just on the fringe for easy driving and parking. With 12 private office spaces available ranging from 8 square metres to 12 square metres.

Co-working spaces and private office spaces have been embraced by remote workers, freelancers and entrepreneurs. They offer a more affordable arrangement to traditional office space and flexibility with no lock in contracts.    

To learn more go here. To enquire or book a tour give the team a call on +61 2 9764 9811.

Kennards Self Storage

As a proud Family Business you can feel comfortable in storing with People Who Care. We have storage locations everywhere! And space for everyone! Personal and Business Space, Wine Cellars, RV and Boat, Gun Storage and Deposit Boxes. Keep it at Kennards, the People Who Care!

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