What is Coworking?
According to Google, coworking can be defined as “the use of an office or other working environment by people who are self-employed or working for different employers, typically so as to share equipment, ideas, and knowledge”. For many, the biggest draw to the coworking community is that it makes office space, technology and amenities accessible to businesses of all sizes.
Coworking has transformed the commercial real estate landscape over the past decade and grown substantially across the globe. In Canada, the popularity of flexible office leases has gained traction in cities such as Ottawa, Montreal, Toronto, and Vancouver.
Due to the increased interest in shared workspace solutions, coworking operators have been expanding their offerings from hot desks and dedicated desks to exclusive private offices and personalized move-in ready headquarters.
Coworking is a flexible and scalable alternative to traditional office space, which allows entrepreneurs and businesses of all sizes to only pay for what they need and when they need it.
Coworking provides a faster, more efficient transaction experience and access to shared amenities with terms as short as month-to-month and even budget friendly pay-as-you-go options. With all the benefits of coworking, it’s no surprise that it is considered the office space of the future.