Guide to choosing the right co-working space for your company

With hundreds of thousands of co-working spaces across the US, which are rising in popularity by the hour, it can seem overwhelming to even look for the right one for your company. However, you can do so in a few simple steps, which we’ll go into here.

Set a Budget

This is an obvious first step. You have to know how much you can afford to pay for the co-working space. Establish a price range to help narrow down your options. The amount of money you set aside has an effect on the facilities, location, and type of space you end up with.

Most co-working spaces charge by the month unlike traditional office rent, which is usually paid every three months.

Decide on the Package

Some co-working spaces feature a dedicated desk. Others,a private office. This depends on the available space. The cheapest option is a dedicated desk, where you work in whatever seat is free when you come to the co-working space. This option is also practical if you want to keep things flexible and like to change your settings from time to time. On the downside, it is not very reliable or secure.

If you choose this option, ask the co-working spaces you’re considering if there will always be a free desk to work at.

The size of your team also has an effect on your options. It would make more sense to get a cluster of dedicated desks for your staff. Private office compartments, although they are more costly, work very well for teams.

Choose a Location

Decide on the district or neighborhood – or the town if you haven’t. If you live near the center of a big city, the choice would be obvious. Maybe you couldn’t even imagine working anywhere else. On the other hand, if you haven’t decided yet, you need to start by taking into account the facilities you’ll need. Co-working spaces can offer a variety of services, facilities, and options, including:

  • Printing and scanning facilities
  • Meeting and conference rooms
  • Mail handling services
  • Reception services
  • Secure storage spaces
  • Event spaces
  • In-house IT teams

Think about which of these options would be important to the smooth running of your business and look for spaces that are equipped with them.

The final point to consider is access. Some co-working spaces offer part-time plans for people who don’t need to use them everyday. Others are only on a full-time basis. The latter is much more expensive (obviously). Reduced-access plans offer a specific number of hours in the space per month.