In this article, NAI Isaac – conveniently located in Lexington, Kentucky (KY) – is here to provide you with information on coworking spaces to help you see if one would be right for your business. Contact us today for all of your commercial real estate needs.
Coworking involves a shared office space that allows desks to be rented out on a monthly basis. It is most similar to a membership that allows individuals to work in a communal area. The perks are also shared among the inhabitants. This type of working environment is growing in popularity. For startups and small businesses this solution is quite desirable; however, there are advantages and disadvantages to keep in mind before making the switch.
In a shared environment, you have the ability to network every day. Since coworking attracts members from all industries, you will get to interact and converse with a diverse range of people. To create a more inviting environment, coworking spaces tend to hold many events as a way to encourage members to network, form friendships, and get more comfortable with one another. A sense of community is essential for this type of office atmosphere.
While coworking allows members to work in an unstructured environment, this can come with some negatives, as well. One such con is distractions. Since the environment is conducive to socializing, it can be distracting to have others talking around you. There is no policy limiting noise, so it may hinder your workload.
With an assortment of people around, there can be a lack of privacy. The collaborating environment can put sensitive and proprietary client information at risk. Another downside to consider is that coworking spaces in heavily populated or downtown areas can be difficult to reach. Bad traffic can cause members to have a long commute. An additional issue is that it may not be an affordable solution for everybody.
At , we offer an extensive range of commercial real estate services including but not limited to property management, acquisition and disposition, leasing, property investment, and real estate consulting. Our experts are available to successfully address any real estate issue they are faced with. We are located in Lexington, KY to provide our comprehensive real estate services to the surrounding area. Call us today.