Work cultures are quickly evolving. Years back, the workspace took the same trend. A business needed to take office space in all its locations where employees had almost exclusively to work from there.

Fast forward to today, and concepts like remote working and co-working spaces are just as much part of a business as having a centralized office to run operations from.

Why are more and more businesses opting for co-working spaces? Here are five reasons why you should consider getting a coworking space in Montreal.

1. More Opportunities to Network

This is especially true for startups with a small workforce. One of the biggest benefits of a co-working space is that it places you in an environment with other professionals.

Sometimes these can grow into healthy, symbiotic working relationships that can also support your business in immeasurable ways.

2. Increased Productivity

While working from home has several advantages for small business owners, it also has its downfalls.

Meeting clients there can be challenging. Kids and cleaning needs of your home can also distract you from giving the necessary time and attention required for your business to thrive.

A co-working space pits you in work mode mentally and takes away distractions so you can do what you need to take your business to higher heights.

3. Cost Efficiency

An office comes with more costs than just renting a space. You also have monthly or weekly utility bills like water and electricity. If you opt to provide staff refreshments, these are an additional cost as well.

If you are working with a small team, the costs might not make business sense.

Some spaces also come with built-in business services such as business mail.

You can re-evaluate this arrangement later on once your business is on a more solid platform.

4. You Have Remote Workers

Businesses with remote workers in different locations or regions might not find it feasible to have offices and their accompanying expenses in all locations.

For example, a location with less than three staffers might not require an office.

The options here become working from home, with the associated challenges, and having a co-working space. The latter is often preferred for its networking opportunities, chances for collaborative working, and productivity.

5. It Offers Flexibility

While being optimistic is a plus in business, so is being cautious.

A co-working space offers more flexibility than getting an office space, which at times lock you into long term leases. The exit clauses on these can also be punitive.

A co-working space office gives businesses shorter engagement timelines.

Ultimately…

Co-working spaces can support your business in a myriad of ways-and cost-effectively.

Are you about to launch a new business? Consider using a shared work space.