Why Co-Working Spaces Aren’t For Everyone 

Published On 18th May 2022 by Kerri McMahon

According to projections, there will be around 41,975 coworking spaces worldwide by the end of 2024 and this type of flexible workspace has proven to be very popular across all industry sectors over the past few years. Some organisations are even considering swapping their private offices for co-working spaces, however, they aren’t always the best option for everyone. 

 

There are undeniably a number of benefits associated with working from a shared workspace, especially for freelancers, such as; reduced costs, ease of collaboration and networking opportunities, yet not everyone thrives in this type of work environment. Before you give up your fully serviced office space and encourage your employees to use a shared workspace instead, it is advantageous to learn more about the disadvantages of co-working spaces and the common challenges faced by businesses that use them. 

 

What are co-working spaces?

 

Co-working spaces are professional workspaces that are designed to be shared by employees from a range of different organisations. This modern working arrangement first appeared in the early 2000s and it is now a well-known alternative to working remotely in coffee shops or home offices. Co-working spaces are incredibly versatile in terms of design and they will usually comprise of both formal desk areas as well as informal seating areas. 

 

The disadvantages of shared workspaces 

 

These days, co-working spaces are used by everyone from freelancers to entire organisations, and they can work really well for some people. That being said, private office spaces are much more suitable in some circumstances and working side by side with strangers from other industries isn’t always beneficial for teams of employees. 

 

One of the biggest disadvantages of shared workspaces is that they don’t provide any privacy to organisations. Discussing confidential matters or working on classified group projects, for example, is very difficult in a co-working space and this can make it much harder to be productive during the working day. Not to mention, shared workspaces are full of distractions too and depending on your teams’ working styles, they may struggle to perform at their best when they’re working in a noisy co-working environment. 

 

Unlike private office spaces, shared workspaces can’t be customised either. You won’t get to choose the interior design or the layout and you won’t be able to customise the space to suit the culture of your organisation. You may find that co-working spaces have a negative impact on things such as motivation and innovation as well as morale, and this can have a knock-on effect on employee satisfaction, absenteeism and turnover. 

 

Whilst organisations using co-working spaces will usually have access to on-site facilities like kitchens and breakout spaces, it isn’t uncommon for them to have to pay to use meeting rooms and conference spaces. If these are required on a regular basis, co-working can actually end up being more expensive than a serviced private office space and you will usually get much less for your money when you pay for a co-working space. 

 

Often, the amount you pay on a monthly basis for a shared workspace of this kind will be dependent on how frequently you’d like to use the space too. So, if most members of your team prefer to work in a professional environment, their visits to the co-working space can quickly add up. You will also likely find that the amount you spend on a shared workspace differs from one month to the next, which isn’t the case with serviced offices, and this can make budgeting for this considerable overhead much more difficult. 

 

Finding serviced private offices in London

 

If you think a private office space would be more suitable for your organisation than a co-working space, don’t hesitate to contact us at One Avenue. We have a range of serviced private offices in London and we can help you find the perfect home for your business. All of our buildings break the mould and we guarantee unforgettable first impressions. You won’t be disappointed with our service levels when renting one of our serviced private offices in London either and our team is committed to providing a world-class office experience. To find out more about our flexible private workspaces, feel free to explore the rest of our website today.