What is coworking?
Coworking as a concept was invented by Brad Neuberg in 2005 in his shared office space in San Francisco. Coworking spaces provide an option for individual workers and businesses to access well-managed office facilities. Because the costs are shared between many businesses, coworking spaces are more affordable than renting your own office. Coworking spaces will often include:
- A desk and chair
- WiFi
- Phone lines
- Access to a printer
- Breakout and meeting spaces
- A kitchen area with water and coffee
- Toilets and showers
- A receptionist
- An office manager
Coworker.com states that there’s an annual growth rate of 24% in coworking spaces and that there will be over 30,000 spaces and 5.1 million coworking members by 2022. A quick look at Google Trends gives us an indication of just how popular these spaces are becoming.
This growth is supported by advances in technology now allowing many people to do their jobs from anywhere and the shift towards a ‘gig economy’ with more and more people becoming freelancers, contractors or setting up their own small businesses.