The shift in the way people work and the building wave of entrepreneurs and startups have paved the way to new concepts of working and workplace environment. As a growing sector, the scaling number of coworking spaces around the world, provides the professional alternative to working from a coffee shop or hotel lounge, accommodate the business needs of this young and fast growing companies.
Cowoking – indispensable part of the entrepreneur’s life
Coworking has steady, but surely transformed from a cool trend into an almost necessity for small companies, entrepreneurs and freelancers who are looking for a flexible office solution away from the solitude of working from home. Along with that, you have the exposure to a community of like-minded professionals, who can contribute to each other’s projects with their specific skills and knowledge. So what is the natural evolution of the coworking concept? This might as well be Co-living.
Co-living – the merge of workspace and hospitality
Co-living offers the same short-term, flexible lease options, this time for a bed instead of a desk with the sole purpose to be in close proximity to like-minded people. The emergence of WeLive and Common in US and Zoku in Europe are born out of one of the fastest growing trends – the merging of business and leisure. This hybrid-living, offering both a place for living and working is highly attractive for digital nomads, who work across different countries, always in search for a places to work from and meet interesting professionals.
Work-life integration, instead of work-life balance
Freelancers, entrepreneurs and contractors are almost third of the current labour force, rocketing the demand for individual office space. In line with this, 88% of employees want “work –life” integration, which is very different from work-life balance. Since work and life now blend together inextricably, the mergence of workplace and hospitality offers entrepreneurs the complete environment for them to be their best selves. This built-in social network makes co-living an attractive concept for the Millennials, who blur the boundaries between work time and personal time and the desk is only one of the places where they work. Co-living encourages support between the members, allowing budding entrepreneurs to realize their vision and project.