Coworking spaces are growing tremendously; coworking spaces have changed the definition of office space and work. Gone are the days of traditional office spaces where the company had to invest a stupendous corpus in maintaining office infrastructure. Coworking spaces have not only opened up new opportunities for freelancers and start-ups but have also provided a better alternative for established companies. According to a report the global coworking space market size is expected to grow from $13.60 billion in 2021 to $16.17 billion in 2023 at a compound annual growth rate (CAGR) of 18.9%; this shows the increasing demand for coworking spaces all around the world.
There is notable growth in coworking spaces and virtual office losangeles, but it is still an evolving concept. The majority of the population is not familiar with the concept and the purpose of coworking spaces. Lack of information and requisite knowledge gives rise to assumptions that become myths in the span of time, there are various myths about coworking space that has crept in because of want of information; In this blog, we will try to debunk some major myths about coworking space.
Coworking spaces are only for Freelancers
A very common misconception is that coworking space in losangeles is used by freelancers only and is not for established companies, there is no substance in this myth. Coworking spaces provide facilities to everyone irrespective of the size of their organization Freelancers, start-ups, and established firms all can use coworking spaces without any hindrance, well-reputed and established companies also use co-working spaces for various purposes.
No proper infrastructure
‘Coworking spaces do not have the necessary infrastructure, and they won’t serve my needs, this myth captures the mind of an individual before joining a coworking space, but this myth also arises due to misinformation and is not accurate.
Coworking spaces are designed with proper care and caution, they provide all the modern infrastructure and you can customize them according to your need also. Coworking spaces are designed to provide you with proper office space and facilities so, you will never face any such difficulty you can choose a coworking space undoubtedly.
Coworking spaces must be expensive
Since coworking spaces come with all the amenities, people assume that renting coworking spaces must be more expensive than traditional office spaces, but this is not the truth. Businesses with up to 30 employees can benefit from coworking spaces at a cost 60–70% lower than traditional offices. You can choose a monthly or annual subscription plan, you can also rent the space on an hourly and weekly basis thus, you pay only for the limited time you have used the space and this saves lots of cost in long run and is much more cost-effective than traditional office space.
Coworking spaces are noisy
Coworking spaces have their own rules and regulations, they try to keep the decorum high. Since most professionals use the space, they respect the decorum and regulations. You’ll hardly find any noise or disturbance in the coworking spaces.
