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The concept of shared office space, more commonly known as coworking space, offers business owners a number of benefits including accessing premium spaces for lower costs, the ability to operate a mobile business and opportunities to network with other business owners. The concept has been finding favour with business owners, remote workers, freelancers, entrepreneurs and even large companies.
This guide will take you through how to find the right coworking space for you as well as help you compare options that are available.
There is a huge variety of coworking spaces in Australia. Some shared office spaces are designed to allow for collaboration between the different businesses coworking, while others maintain each business' privacy and individual space. Some coworking spaces are also limited to certain types of business. Here are some of the types of spaces you will find:
Memberships differ depending on the coworking space, but generally the following types will be available:
Any of the following amenities can be available at the coworking space you choose. But before you book a desk or office, check what you need is offered:
Generally, prices for coworking spaces range from $500 a month for a hot desk up to $2,000 a month for a private office. You can get a virtual membership or community access for around $50 a month.
Do you have to be a tech business to be in a coworking space?
No, coworking spaces cater to a range of different business types. However, some coworking spaces are tailored to certain types of businesses or startups which can include tech companies.
Do coworking spaces only work for small businesses?
Large businesses or teams that are part of large businesses can also benefit from using a coworking space. Private spaces can cater up to 100 people or sometimes more and bespoke solutions are something available for companies.
What's the difference between a coworking space and an incubator?
A coworking space is a place for different businesses to come and work together in a shared space in exchange for a fee. An incubator is a program designed to help startups build out their business. It is usually designed by a company for startups within a specific vertical, such as healthtech or fintech, with the startups working alongside each other in a coworking setup.
WeWork offers a number of different coworking space options for freelancers, startups, remote workers and businesses. Here’s what you need to know.