The coworking industry is growing like wildfire across the world with an average of 1000 coworking spaces opening yearly only in the US. Eventually, the coworking industry is occupying massive spaces in the real estate business and affecting the real estate investment in terms of growth and profit in the real estate business. As per a study, the new openings of coworking spaces accounted for 30% in the small business expansions. However, these new openings do not include chains which means the single new coworking spaces are so profitable that their owners obviously can open newer coworking spaces at a chain in new locations. Get into The Hive coworking space for availing the best of amenities, working environment, and supportive community with professionals for the growth of your business.
The coworking industry looks like they are the next hotspot for the next generation or the upcoming period. The coworking spaces as well as the industry is gaining sustainable growth along with huge global interest since their inception in the year 2005 and have grown as a global industry over the period. There is a high possibility of the coworking industry to run as chain system but whether a chain maintained by a cooperative system or single and self-run system, the coworking industry is growing fast because of its profitable characteristics.
The concept of coworking spaces originally was to bring together the individual self-employed freelancers or telecommuters where they would get a suitable working environment and a cooperative group of professionals. But over the period the coworking system proved to be highly productive in terms of growing business particularly for the start-ups who got enormous advantages from the coworking spaces such as scaling up the human resources, getting new client connection by the member professionals of the coworking space and eventually growing their customer base. In the contemporary period, the coworking spaces have become business models because of their nature and characteristics of the social cell which incorporates the concept of the shared economy.
There are various types of fees system depending upon the availabilities of amenities in the coworking spaces across the world. Some coworking spaces provide sophisticated and delicate amenities like offer restaurants, showers and courtyards whereas some provide only the desk. Accordingly, the average coworking space fees differ from 195 USD to 387 USD in the US. The coworking fees worldwide also somewhat similar to the US however with constant fluctuations of small variations from country to country.
