Advantages and Challenges of a Co-working Space

The setting and arrangement of a co-working space is a great medium for sharing ideas, working and communicating in a collaborative space. They inculcate the practice of working and operating in an environment where people yield maximum productivity and results, with minimum effort.

Coworking space colombo

It also provides basic amenities such as conference rooms, WiFi, bathrooms, lounges, and office equipment like printers, fax, etc.

There are a lot of co-working space providers for shared office space in Colombo. Interested people can make use of the co-working space in Colombo.

Who Uses Coworking Spaces?

Many people benefit from co-working spaces. Some of the typical users are:

Freelancers: It is challenging to get freelancers to one place to work as they prefer flexible working hours. A co-working space makes it easier for them to work without being isolated.

People who work from home: There are a lot of people who work from home. Working from home can cause isolation and may lead to difficulty in concentrating. It can also hamper their social skills. Co-working spaces allow them a change in pace.

Startups: It can be tough for startups to find a workspace during their early years. Often, it is not possible to just use their homes. Co-working spaces are an advantage to entrepreneurs.

Large organizations: Smaller branches of large organizations are often not as well furnished or spacious as the main branch. If a meeting were to take place in such a branch, they could always book a luxurious co-working space for the meeting. There are several luxury offices for rent in Colombo.

Advantages

Some advantages of co-working spaces are:

  • If you’re running a business from home and it expands, you will require a co-working space. You won’t be able to bring your clients home all the time.
  • Small organizations can rent bigger rooms for conferences, and workshops, when needed. They can avail fully furnished co-working spaces for cheaper rates instead of building a conference room.
  • Multiple people from different backgrounds use co-working spaces. You can create your network here with the right people to boost your business.
  • When we are working alone from home, it is tough to motivate ourselves. However, if we are in an environment where there is always a buzz, we also feel motivated to work.
  • You can choose a favourable coworking space with respect to transportation. You can choose a co-working space nearest to the airport or railway station for your clients to commute easily.

Challenges

Even though co-working spaces are useful and thriving, there are several challenges that it faces:

  • Since co-working spaces involve people working from different companies, data privacy is a big concern. In these spaces, people socialize with each other, and there are chances of data theft.
  • Data security is one of the biggest challenges of co-working spaces. It can give birth to unethical activities such as hacking, invasion of privacy, document piracy, and more.
  • Workers choose coworking space to be more productive. However, if the co-working space becomes too noisy and crowded, it can also have a negative impact and can hinder productivity and performance levels of the employees.
  • Even though most co-working spaces boast of high-end facilities, it may not always provide the best results. It can cause a performance lag.  For example, the speed of the internet can go down when more people use WIFI.
  • If space is not maintained and cleaned properly, it can adversely affect the health of the workers. That will bring productivity to a halt.

Co-working space in Colombo

Even though the concept is new in Colombo, there are many shared office spaces for rent in Colombo. There is a wide range of providers with flexible time slots and are pocket-friendly as well.

Catalyst by HUB9, Likuid Spaces, and Coco Space are some of the popular coworking space providers in Colombo.

They are open from Monday to Friday and closed on Saturdays and Sundays. There are also co-working spaces that are available 24×7.

World Trade Center is one of the best co-working space providers in Colombo.  They have a wide range of co-working spaces as per your requirements from simple to luxurious.

For a long period of time, they have been providing fully furnished office spaces for rent in Colombo.

Co-working spaces have positively influenced people. More and more people are opting for co-working spaces for better productivity and cutting costs.

It sure has become an essential part of our work culture.

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