The coworking phenomenon in Singapore is now officially in swing. With spaces opening up every now and then, one has to wonder if the country’s office space is undergoing a silent revolution where businesses are closing the door on traditional office space for coworking spaces. Furthermore, these spaces are not just your average internet and desk fit outs but spaces that really put the work/life concept in mind.
Yoga and childcare are just some of the few amenities that make the coworking space a more comfortable but productive place to work. Coworking in Singapore can bring businesses great treasures in terms of building connections within the space, which lead to bridges to the greater business community. With all of this hubbub about coworking, one has to wonder whether the traditional office will disappear from the landscape.
Let’s take a closer look at some of the reasons why the coworking space might be better for business than the traditional office.
Definitely More Cost-Effective
The coworking space wins hands down when comparing it to the traditional office where cost is concerned. The coworking space essentially streamlines the cost to lease office space and all of the amenities that keep an office running. Businesses who choose coworking literally pay one bill at the end of the month.
Alternatively, the traditional office can come with or without amenities and office furnishings. Then, after you have secured office space, turned on the lights, and provided furniture, you have to staff the office. For a small business, these costs add up. Finally, these costs are one of the main reasons businesses choose shared office space as an alternative to leasing space on their own.
Provides Businesses Autonomy
The traditional office can be quite a responsibility. In addition to taking care of the bills that allow you to keep your business open, the traditional office has to be managed. If your business involves extensive travel or if you even want to consider other locations for business, the leases are usually very long, which makes committing to them a very big risk.
Conversely, coworking leases are typically a lot shorter than your standard office lease. Furthermore, because you do not have the weight of managing an entire office on your shoulder, you can actually move around the country a lot more freely. If you do decide to leave the space, you only need to worry about moving your belongings and nothing else. Essentially, the coworking space provides your business with the flexibility to move about freely about while having access to all of the functions of office space.
Leveraging Fluid Space
A typical office contains offices that are usually separated by walls or partitions. They might have a staff lounge and a conference room, but that is it. This design neither encourages social interaction nor does it create too many opportunities for professionals to interact with each other unless specifically needed or unless a meeting is organized. While professionals might pop in and visit each other, there is very little interaction in the office.
The coworking office, however, is a dynamic space without borders, walls, or any other partition that might interfere with professionals getting to know one another. These offices are usually designed to promote social interaction, which leverages other networking and collaboration. Whether conversing at the workstations or connecting in the designated break areas, the coworking office is a space where professionals from diverse industries can interact freely with those in an open environment creating a cornucopia of free-thinking, innovation-inspiring industry.
Why Choose Coworking In Singapore
The traditional office, granted, will always have its place in the Singaporean business landscape, but there is something to be said about office space that potentially shows up with a platform and tools for business growth. While the traditional space is established, the coworking space is a breath of fresh air in a business landscape that thrives on new ideas. For your business, it can be a place of innovation.