Co-working spaces offer their facilities to companies, individual freelancers, and entrepreneurs to set up their workspaces. Coworking spaces in Lahore are equipped with all the essential amenities that workers need. These places have boosted productivity and made the life of remote workers and startup owners easier.
Coworking spaces emerged around the world in the early-2000s and were highly popular among self-starters and freelancers. Fast forward two decades, and in 2019 there were almost 19,000 coworking spaces globally.
Coworking has evolved significantly over the years, from being used by individuals alone to now employing MNCs. In recent times, whole corporations have resorted to coworking spaces. Especially, the millennials and gen-z swear by the facilities and services offered by coworking spaces.
Coworking has not only gained popularity outside Pakistan but in Lahore, they have become a rising business. After the COVID-19 pandemic, Lahore saw a booming rise in boutique coworking spaces opening up, one after the other.
How Do Coworking Spaces Work?
Coworking spaces fall under the services and facilities industry. Coworking spaces not just offer a cubicle to their clients but also provide business solutions, reception services, handling of mail, internet access, and other facilities. They provide their clients with all the necessary services at a fixed price.
Coworking spaces are equipped with an uninterrupted supply of energy, internet, modern, state-of-the-art technology, and meeting rooms. These amenities are paid for separately when one owns an office outside a coworking space, therefore, increasing costs.
Coworking spaces operate on a simple process of booking and renting out their space to workers at a fixed price. The individual hot desks can be booked for a few hours or a day. Whereas offices can be rented out on a long-term basis.
At coworking facilities services are offered at fixed prices. These prices can vary based on the coworking spaces’ location and the quality of their services. Coworking spaces basically operate on the principles of the hospitality industry.
What Makes Coworking Spaces Special?
The rise in coworking spaces’ popularity is due to many factors. These factors include affordability, accessibility, and flexibility. Coworking in Lahore provides professionals with a dedicated workspace from where they can operate without any issues.
Compared to traditional offices and corporate jobs, coworking spaces give workers the freedom to work according to their own deadlines. There are no dress codes and the workforce can come and go as they deem fit.
The pandemic introduced remote work to every person and company. After the pandemic, a lot of companies chose to cut costs and encouraged remote work. Although after a certain time the need to return on-site increased.
However, due to poor economic conditions, companies wanted to avoid bearing the burden of renting out or purchasing high-cost buildings. Therefore, corporations shifted to coworking at this point.
Reasons to Opt for Coworking
Coworking spaces offer their employees the flexibility to operate out of small or big offices. They offer meeting rooms and also rent out office floors. Furthermore, start-ups, freelancers, and small and big corporations use coworking spaces.
Frequent events, seminars, and sessions with industry experts provide plenty of opportunities for people to network. This allows them to grow their professional circle and grow in their professions.
3- Collaborative Environment
Due to the diversity present at coworking sites, one experiences the culture of different companies. People network, brainstorm, and share their ideas for common problems. This creates an inclusive and collaborative environment among employees of different companies and freelancers.
4- Creative Spaces
Coworking space in Lahore is designed and decorated to the utmost perfection. From their outlook to their interior, everything is aesthetically pleasing and in perfect order. Owing to this fact, these places boost creativity, encourage employees to work, and keep them coming back.
Working out of a coworking space in Lahore is way cheaper than purchasing a property or renting it out. Furthermore, when employers shift their employees into coworking spaces they avail countless amenities, relaxing them and focusing only on their work.
Compared to traditional offices, coworking spaces encourage people-to-people interaction, communication, and collaboration. These features allow workers to perform better and feel refreshed. Henceforth, coworking spaces have seen a rise everywhere around the world and likewise in Pakistan as well.