Exploring the value proposition of co-working spaces, we delve into the financial implications and potential benefits. Weighing the costs against the perks, we aim to provide a comprehensive perspective on whether these shared work environments justify the investment.
Is it worth it?
Co-working spaces can be a great option for remote or hybrid employees, but most require a membership fee.
- Here are some reasons why:
- The COVID-19 pandemic showed companies how much productivity and employee satisfaction can be achieved without a group office setup
- Many companies may choose to pay for a co-working membership for their team, but individual workers should make sure the math works out.
Potential Cost-Saving Benefits
Many people find the co-working space worthwhile if the membership includes quiet rooms or meeting room use, especially if their own home doesn’t have space for the multiple workers who live there.
- Other major benefits include communal printers and office supplies, snacks, dedicated parking spots, and an office address so you can receive mail.
Costs and Considerations
While part-time membership passes that include a few days of co-working a month may be as low as $100 a month, many big-city memberships are $300 or more per month, with private desks and private offices ranging from $500 to $1000 a month per member.
- The key, it seems, is to evaluate the options available in your area.
