Pros & Cons of a Coworking Membership

 

Coworking memberships are quickly becoming the preferred choice for small businesses, new start-ups, and entrepreneurs. However, some are still skeptical about these flexible offices. Durham Bottling Company is here with the pros and cons of a coworking membership. 

Pros of a Coworking Membership

Naturally, coworking memberships are becoming increasingly popular because of the benefits they provide businesses. Let’s take a look at some of the pros of flexible offices. 

Save Money by Only Paying for the Space You Need 

Coworking memberships offer an affordable alternative to full office rentals. The professional world is not one-size-fits-all—yet, traditional offices lack the flexibility to accommodate the unique needs of companies and startups. You can save money by only paying for the dedicated space you need. Your coworking membership extends to additional shared areas—including conference rooms, call rooms, presentation rooms, and more. By switching to a coworking membership at your local flexible office space, you can truly get the most out of your money. 

World-Class Business Amenities

When you lease a traditional office space, you only get the bare necessities—the rest comes out of your pocket. Meanwhile, coworking spaces are fully furnished with the amenities businesses need to thrive. At Durham Bottling Company, for example, we offer:

  • High-speed WiFi
  • Dedicated presentation, classroom, conference, and meeting spaces
  • Refreshments like coffee, sparkling water, tea, and more 
  • Durham Podcast Studio
  • Dedicated small and large event spaces
  • Private call rooms
  • In-House Showers
  • …and so much more

Easily Grow Your Business

When building a business, flexibility is key. You need a space that can grow with you, or give you the option to pause at any time. With a coworking membership, you do not need to rearrange your workspace or move offices every time you add a new employee to your team. Instead, you can simply expand your membership to include a larger office. The flexibility of coworking memberships is designed to support your business as it grows and changes throughout the years.

Happy Employees

If you are falling short in finding new hires, you can start by evaluating the benefits you offer employees. As mentioned above, coworking spaces come with a variety of built-in benefits. Additionally, coworking office spaces make it easy to achieve the ideal home/office hybrid work environment that employees prefer. 

According to a survey conducted by Slack, 83% of surveyed employees report favoring the hybrid work environment—representing a large majority of the sampled workforce. Only 13% of surveyed employees preferred full-time work from home, while only 12% preferred full-time in-office work. Employee satisfaction can increase your retention, improve work/life balance, and help promote the overall wellbeing of your staff. 

Cons of a Coworking Membership

While flexible offices are rich with unique benefits and substantially lower costs compared to traditional office rentals, coworking spaces are not for everyone. Let’s take a look at a few considerations you should note before diving in. 

Navigating Shared Spaces

In a coworking environment, conference rooms, podcast studios, call rooms, and other shared spaces often need to be reserved in advance. If the room you need for a last-minute meeting is occupied, you may need to get creative with your desk space. 

It is helpful to find a flexible office space with plenty of available space and simple, transparent scheduling. Durham Bottling Company, for example, has 12,000 square feet of space that includes call rooms, presentation space, classroom space, and three conference rooms.

Address and Mailing

When you lease a traditional office building, it becomes the official home of your business. Not only does this provide the space you need, but it also serves as your company’s official address for tax purposes, directory listings, mailing, and more. Some flexible office spaces do not allow businesses to use their address for official purposes—complicating these administrative processes. You will need to ensure your coworking space offers virtual office services, such as address use and mailbox services. 

Durham Bottling Company: Coworking Office in Durham

Are you looking for a flexible office in Durham, North Carolina? Durham Bottling Company is here for you! We offer industry-leading coworking memberships, event space rentals, conference room rentals, podcast studio rentals, and so much more. Contact us to take a free tour today!