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Will Coworking Dominate by 2020?
As businesses adapt to the increasingly specific needs of today’s consumer, the office environment is also evolving to meet the needs of today’s workforce. Nowhere is this more apparent than in the startup tech industry and co-working world.
The current generation of tech-savvy entrepreneurs is seeking environments that accommodate a highly competitive yet creative lifestyle, with the least economic impact on their company. They’re working 24/7 for their startup so they chafe at the constraints of a 9-to-5 workweek. Instead of renting offices, they’re embracing the hottest trend in business: co-working spaces.
A co-working space is an open-access, turnkey environment designed to be an affordable office alternative for startups, freelancers and other independent workers. Worldwide, it’s estimated that there are nearly 2,500 co-working spaces as of early 2013, up 83 percent from the year before.
So why are co-working spaces poised to replace the traditional office?
- Co-working culture fits today’s creative entrepreneurial lifestyle
- Co-working makes more financial sense for startups and small businesses
- Co-working spaces will make offices obsolete
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