Coworking is an arrangement in which workers of different companies share an office space, allowing cost savings and convenience through the use of common infrastructures, such as equipment, utilities, and receptionist and custodial services, and in some cases refreshments and parcel acceptance services.
Globally, the new normal of workplaces today is more than just our homes and offices. In 2016, the demand for flexible work practices emerged, with interest in coworking spaces and solutions booming in Malaysia and across multiple regions.
It was not until the pandemic occurred that many businesses collapsed. As the nation went into lockdown, most of the businesses shuttered completely or temporarily, resulting in the dampening of the emerging market. Many of the companies that stopped operating for a tricky period of time were left behind in the dust, not having the chance to grow or expand their horizons.
Those who managed to continue their operations had to adapt to the regulatory changes and social restrictions. Some coworking operators chose to delay opening new spaces or chose to offer discounts to secure tenants and members.
However, the draw behind the coworking movement lies in its flexibility. Coworking spaces help cultivate a better work-life balance for individuals or freelancers with a more flexible schedule, and offer employees a better environment where they can juggle work and home.
Coworking Spaces are Expected to Grow Even Further
Coworking spaces still are highly demanding among small to large corporations. In 2021, as businesses in Malaysia are starting to open up again, membership rates have picked up as tenants are keen to get back into the swing of things.
Coworking and event spaces have become conventional, offering a better environment for those unable to work from home. A coworking space provides businesses a perfect alternative to signing a traditional office lease for increasing freelancers and remote workers.
All in all, while addressing social distancing rules and adhering to extra health and safety, the coworking movement is here to stay for the foreseeable future, even post-pandemic. Employers, managers and employees have gotten exposed to the benefits of remote working. They are unlikely to go back to how things used to be pre-pandemic, as coworking spaces are regarded highly for encouraging a more collaborative environment and improved workflow.
5 Key Features of Every Successful Coworking Space
Cost
Many companies need small office spaces that can grow along with their success. Therefore, these spaces are one of the best alternatives that can reduce your operational costs.
Hence, you may check the prices, amenities and facilities online and compare them before you make a decision.
Location & Accessibility
The location is important. You may choose a location that is relatively close to your home in the first place. Also, you can take other options into consideration such as parking availability, parking fee, proximity to customers, restaurants, and more.
Equipment
Office equipment is essential when you work in a coworking space. This ranges from stationeries to printers. In addition, you may need a stable and fast internet to ensure that your work goes smoothly.
The best coworking spaces will provide you the best equipment to ensure your time spent there is similar to any office. On top of that, a comfortable desk and chair goes a long way when you will be sitting for hours.
Also, pay attention to the latest gadgets they provide, such as interactive whiteboards, coffee machines, projectors, and video conferences!
Facilities
Search for a location with a high safety standard, both online and offline. Does the location have surveillance cameras? You may ask what their procedure is for data breaches and what type of anti-hacking software they are using to avoid being hacked.
After all the work, meetings, and concentrating, relaxation must also have its place within the coworking space. This often includes cosy relaxation areas with different seating areas, table pool game or table tennis, darts, play station, pantry, and etc.
Design and layout
Apart from the cost, we suggest you seek a space that inspires you. On top of that, a comfortable space that can provide you tranquility and peace, which will allow you to sit there for hours.
Plus, a coworking space with plenty of meeting rooms or event rooms will be easier for your company to carry out work.
Are you looking for a new space to operate office or commercial space in Malaysia? For more information, click the button below and we’ll be in touch!
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