The benefits of coworking office spaces
Coworking office spaces – Self-employed? Small Start-up Company? Looking for a low-cost set up allowing you to focus on growth and development? Then sharing office space in a professional environment might be the solution.
A ‘coworking office space’ can best be described as a communal working environment, used by a group of people who are either self-employed, a start-up business and those who don’t all work for the same company.
According to Colliers International, an industry leading, global real estate company – ‘coworking office space’ is a relatively new way of doing business and has been increasing steadily over the past 10 years. In fact, during this period, hundreds of new co-working offices have opened around the world, most being in major cities – like Montreal.
The objective of a recent survey conducted by Colliers International’s Market Intelligence team in their Montréal and Québec City markets, was to gather insight regarding the performance of the different businesses in coworking spaces, as well as to discover the different amenities available per location. The report showcases a map of the shared offices spread across the cities and a list of all the location’s perks and membership rates.
Their analysis of the research found the cities of Montréal and Québec have a total of 41 co-working office space companies, that when combined have 55 different locations. In Montréal alone, there are 46 locations spread out among 8 submarkets. The highest concentration of which is found in the Centre East submarket containing 50% of all coworking locations. In Québec city, there are 9 coworking locations, two-thirds of which were located in the historic downtown and lower city submarket.
Colliers team spoke with different co-working companies such as Regus, WeWork and Le Tableau Blanc, who reported they have either just expanded this year or will be soon in order to accommodate a growing community. ‘All companies that were surveyed outlined the importance of creating membership programs adapted to the needs of their members. Moreover, a common quality that most co-working space companies appear to value in defining their identity is flexibility in the services they offer. They believe this to be crucial to create a community that is happy and enabled to thrive.’
“At Regus, our goal is to help companies and people conduct the best work of their lives. Offering the right type of work environment, like great coworking facilities, that provides collaborative, open spaces, all the amenities and security needed, and a broad range of meeting space and private offices and suites, gives large and emerging companies the right environment for success. This is our goal across our 100 centres in Canada,” Wayne Berger, VP of Regus Canada was quoted as saying on Colliers website.
‘These environments can be unique from one to the other as their physical attributes, tenant make-up and membership rates vary. Members of coworking office spaces also benefit from shared amenities such as meeting rooms, printers and other office related equipment, minimizing expenses. Some coworking offices even offer additional perks such as 24-hour access, a health & dental plan, coffee, member events, development tutorials and more. What is most interesting however, is the ability to share ideas and knowledge in a collaborative environment,’ Colliers stated in a press release.
Beside the potential financial benefits, would you feel comfortable in a coworking office space? Do you think it would enhance your work… or provide a distraction?
The maps (included with this article) display the various locations of co-working offices spread across the cities of Montréal and Québec, with red dots representing all coworking offices.
To view the full report and its findings, please contact Colliers International directly through their website at: http://www.collierscanada.com