The current generation of tech-savvy entrepreneurs is seeking environments that accommodate a highly competitive yet creative lifestyle, with the least economic impact on their company. They’re working 24/7 for their startup so they chafe at the constraints of a 9-to-5 workweek. Instead of renting offices, they’re embracing the hottest trend in business: co-working spaces.
A co-working space is an open-access, turnkey environment designed to be an affordable office alternative for startups, freelancers and other independent workers. Worldwide, it’s estimated that there are nearly 2,500 co-working spaces as of early 2013, up 83 percent from the year before.
So why are co-working spaces poised to replace the traditional office?
- Co-working culture fits today’s creative entrepreneurial lifestyle
- Co-working makes more financial sense for startups and small businesses
- Co-working spaces will make offices obsolete