Coworking spaces are helping to revolutionise how businesses operate in today’s fast-paced and competitive world. By providing a professional and collaborative environment, these shared workspaces have become an increasingly popular choice for entrepreneurs, freelancers, and business owners alike.

In this article, workspace365 explores how coworking & shared office space hire is leading to a business transformation at a scale we have never before seen.

1. Increased Productivity Through Hybrid Working Arrangements

By offering hybrid working arrangements, coworking allows your staff to work remotely from home in addition to their office-based environment. The arrangement has proven to improve productivity, creating a working environment that complements each employee's needs. In doing so, your team feels more supported and can access a range of resources when required.

2. Only Pay for Shared Office Space Hire When You Need It

In contrast to standalone offices and their restrictive and expensive leases, coworking spaces offer businesses the ability to pay only for what they need, when they need it. Shared office space hire is particularly advantageous for small businesses or contractors who find renting an entire office unpractical due to staffing levels. 

Businesses also have the flexibility to hire coworking spaces for any length of time, meaning that they can scale up or down as needed.

3. Dedicated Meeting and Mediation Rooms Available

Businesses regularly require additional facilities to conduct their day-to-day operations. In addition to offices, coworking spaces also typically provide access to dedicated meeting rooms, mediation rooms, executive boardrooms and more within their memberships, meaning business owners and team members don’t have to concern themselves with setting up their own areas or renting separate premises. This is extremely helpful when working remotely with clients or partners who need a professional space to come together.

4. Networking & Collaboration Potential with Other Businesses/Contractors

Coworking spaces are renowned for creating an environment that fosters collaboration between different businesses and entrepreneurs. Many coworking spaces even host regular events and seminars to help build relationships between businesses. This allows for potential collaboration opportunities, joint ventures or simply the exchange of ideas that could lead to innovative solutions.

5. No Need to Invest in Office Furniture or Equipment

Rather than investing in office furniture and equipment, coworking spaces provide everything businesses need to be successful. This includes essential everyday items such as desks, chairs, storage units and other general office supplies, as well as high-speed internet and presentation technology when required. All businesses have to do is turn up and get started, saving time, money and resources that would otherwise be spent on setup expenses.

6. Take Advantage of Various Coworking Locations Within the Melbourne CBD

One of the detriments of a standalone office is being confined to one centralised location. Many coworking services, such as workspace365, offer various coworking spaces available across Melbourne’s CBD to meet any business’s needs. These range from private offices for individual workers to larger shared workspaces for teams or even entire organisations. This makes it easy for companies to find the perfect workspace and explore different options within their desired location. 

At workspace365, our Melbourne coworking sites are:

• 330 & 350 Collins Street
• 555 & 607 Bourke Street
• 27 Baines Crescent, Torquay
• 60 Moorabool Street, Geelong
• 72 York Street, South Melbourne
• 485 La Trobe Street, Footscray
• 90 Maribyrnong Street, Footscray
  

7. Access to Virtual Office Solutions

For those looking to have a presence in the city without having to take on an office lease, coworking spaces also provide virtual offices. These services allow businesses to obtain a professional address registered within the Melbourne CBD, along with professional phone answering, mail collection services and more, so they can maintain a presence even when their staff are away from the office.

8. Recapture In-Person Connections Amongst Teams

Working remotely has been a recent form of business transformation on the back of COVID-19, made easier with collaboration tools and video communication technology. There is nothing quite like in-person contact and human interaction, though. Coworking spaces provide a great opportunity for teams to come together, allowing them to improve communication between team members, participate in brainstorming sessions and build strong relationships in a hybrid working environment where they feel comfortable.

Learn More on the Business Transformation Occurring with Shared Office Space Hire in Melbourne

Coworking spaces are quickly becoming a popular choice amongst modern businesses looking for flexible options when it comes to office space. They are transforming how teams operate, making it easier than ever to succeed in an increasingly competitive landscape. 

For more information on how to get started with coworking and shared office space for hire in Melbourne, please contact us at workspace365 today by calling 1800 967 566.