This article explores the history of coworking spaces, their growing popularity, and how they're changing the traditional concept of work.
Over the past decade, coworking spaces have become an increasingly popular option for entrepreneurs, freelancers, and small business owners. These shared workspaces offer a range of benefits, from flexible lease terms to opportunities for collaboration and networking. However, coworking spaces also have a significant impact on local communities beyond the individuals who work there. In this article, we'll explore the economic and social impact of coworking spaces on local communities.
Creating Jobs
One of the most significant impacts of coworking spaces on local communities is the creation of jobs. According to a report by Emergent Research, the global coworking industry is expected to create over 30,000 new jobs by 2022. These jobs range from community managers and receptionists to cleaning staff and security personnel.
Moreover, coworking spaces also provide opportunities for freelancers and small business owners to grow their businesses, which can lead to job creation. For example, a graphic designer who works in a coworking space may find new clients through networking opportunities and eventually need to hire additional staff to keep up with demand.
Increased Foot Traffic
Coworking spaces also bring increased foot traffic to local businesses, which can have a positive impact on the local economy. People who work in coworking spaces often need to run errands, grab lunch, or attend meetings nearby, which means they are more likely to patronize local businesses.
For example, a coworking space located in a downtown area may bring new customers to nearby restaurants, cafes, and shops. This can help to revitalize underutilized areas and bring new life to local communities.
Revitalization of Underutilized Spaces
In addition to bringing new businesses and foot traffic to local communities, coworking spaces can also help to revitalize underutilized spaces. Many coworking spaces are located in buildings that were once vacant or underutilized, such as old warehouses or office buildings.
By repurposing these spaces for coworking, they are given new life and purpose. This can help to revitalize local neighborhoods and make them more attractive to other businesses and residents.
Community Building
Coworking spaces also play an important role in community building. By bringing together individuals from different industries and backgrounds, coworking spaces create opportunities for collaboration, networking, and knowledge sharing.
Many coworking spaces also offer events and workshops that are open to the public, which can help to build stronger connections between the coworking community and the local community. For example, a coworking space may host a workshop on social media marketing that is open to local business owners.
Promoting Diversity and Inclusion
Another important impact of coworking spaces on local communities is the promotion of diversity and inclusion. Coworking spaces are often more affordable and accessible than traditional office spaces, which means they attract a diverse range of individuals.
Moreover, coworking spaces often prioritize community building and inclusivity. This means that people from different backgrounds, cultures, and industries can come together to work and collaborate.
Conclusion
In conclusion, coworking spaces have a significant impact on local communities beyond the individuals who work there. From creating jobs and increasing foot traffic to revitalizing underutilized spaces and promoting diversity and inclusion, coworking spaces are a valuable asset to local communities. As the coworking industry continues to grow, it's important to recognize and celebrate the positive impact that coworking spaces have on the communities they serve.
