A coworking space is a workplace created for workers from various organizations to join together to work. Shared facilities, services, and tools distinguish coworking spaces.
There are several coworking options available that strive to provide businesses with the space and tools they require to succeed:
- Individuals and small businesses can use coworking spaces for a predetermined rate without having to sign a lease or pay the building fees that come with traditional office space.
- Established businesses can use coworking spaces to either house a remote workforce or as a spillover area for corporate events or periods of rapid employee development.
- When a firm needs to expand, coworking is frequently employed as part of an elastic office concept.