Why Big Corporations Move Into Coworking Spaces

Nowadays, many corporations move into coworking spaces. With lots of coworking spaces popping up across the globe, people in all kinds of careers appreciate the flexibility of working in this non-office environment. More interestingly, this environment also offers everything they need.

Coworking spaces are known to offer necessary amenities for everyone, such as printing access and fast internet connection. Besides, they also provide space that encourages creativity and collaboration. This is exactly what everyone needs when it comes to a good workspace.

When you heard coworking spaces, it’s common to picture freelancers and remote workers. But, anyone can take advantage of coworking spaces. Students, entrepreneurs, and all types of people can use a coworking space for their advantage. But, why big corporations also move to this shared space?

Why Are Corporations Moving Into Coworking Spaces?

Nowadays, there is a trend of big corporations starting to move into coworking spaces. One of the largest coworking companies, WeWork, is looking at a growing number of big companies utilizing their spaces. Then, why they eventually choose to move into a coworking space?

• Ease of access to innovators

One of the reasons is the ease of access to innovators. Since major tech companies are now choosing to use a coworking space, people want to take advantage of it. Coworking spaces tend to have a collaborative and social element that makes it easy to create a new network.

• Increased productivity

Having employees work side by side with other industry innovators and startups make it easier to gain new talent. Plus, it can make employees increase their productivity as well. They are likely to be more motivated when seeing other people working hard.

• Cost-effectiveness

This is one of the main reasons why many companies move into coworking spaces. Regardless of your business size, coworking spaces can save you money. Instead of renting an office space, pay for utilities, and buy furniture, coworking spaces would offer you everything.

Moreover, coworking spaces also provide flexibility and convenience for their members. Most big corporations find it to be beneficial to let their employees have this flexibility and convenience when working in a coworking space. They can even choose whichever place is more convenient for them.

What Corporations Are Moving Into Coworking Spaces?

Many corporations are moving into coworking spaces. Several technological giants like IBM, Verizon, and Microsoft are an example. When it comes to WeWork, some big names that join the coworking spaces include Starbucks, Facebook, Microsoft, Bank of America, and Salesforce.

A recent report shows that 25 percent of WeWork’s annual revenue is from big companies with more than 1,000 employees. It shows that many big companies are finally moving to a coworking space. Note that this big coworking space provider is operating in more than 500 locations worldwide.

In conclusion, many big companies are moving into a coworking space because of the advantages that it offers. Improved productivity and cost-effectiveness are among the main reasons why they choose to use a coworking space. So, are you thinking to move into coworking spaces as well?