WHAT DO LUXURY COWORKING SPACES ENTAIL?

Coworking spaces have been a common feature in all major cities since the globalization of the business model in 2010. You can find coworking spaces in major commercial areas and business parks around the world.

These spaces are often in fierce competition and have to work hard to stand out from the rest. It can be hard to choose the right space for your company. After weighing cost and monthly budget, it becomes about location, space, community reputation, amenities, and other factors.

If your company is looking to network with the brightest and best, you must choose only top-quality, luxurious coworking spaces. This is what it means:

COWORKING BASICS: WHAT TO KNOW

A coworking space can be described as a shared office space that is subject to a monthly rental agreement. These terms are more flexible than traditional commercial office leases and the costs of coworking space are lower because it is shared. Coworking spaces often break down their charges into itemized levels. Some even charge by the hour and by the day.

A monthly pass can be a privilege for established businesses. This could include the company name being listed in the lobby along with a suite number. It effectively buys the address as a business address. A daily pass is a great way to save money and allow self-employed professionals or contractors to have a professional workspace.

Coworking spaces are affordable and offer tenants a commercial space that is fully furnished with many amenities.

Coworking spaces can be a great source of organic networking opportunities. They help startups and smaller businesses to forge new partnerships, work together on projects and hire local talent.

TOP AMENITIES TO SEE

Coworking spaces that are luxurious and spacious offer more than a simple open plan office with a couch in the lobby. These offices are custom-designed and handcrafted. They cater to distinguished tenants and pride themselves in providing high-quality service. They are distinguished by unique amenities that make them stand out from the rest.

Quality Workspaces

This is not the case with standard office furniture and equipment. It also includes a waiting area and common area with a variety of workspaces. These include shared tables, conference rooms, client meeting areas, private phone booths, booth tables, a laptop bar, and private offices.

Variety is more than the spice of life. A coworking space allows tenants to adapt their space to suit their needs. This includes choosing a common area for inspiration or collaborating with others on low spirits days.

Large Common Area

Luxurious coworking spaces must be a comfortable, exclusive space to work in. A large, open area is key to creating a feeling of comfort.

Common areas can be used to chat, relax, work on to-do lists, check email, or take a break before meeting again. A good common area will be used regularly by tenants and patrons to meet and network.

High Quality Conferencing Equipment

While every smartphone can be used as a mini-conferencing device, professional conferencing equipment is quite different.

Luxury coworking spaces should have multiple conference rooms that can be used for national or international meetings. They will also include a sound system and smart TV.

Dedicated Suite numbers and Lobby Information for Virtual Offices

Coworking spaces can also double as offices for companies who don’t want to rent traditional office space. Even though startups operating mostly remotely have become more popular, they still require a professional business address in order to function properly.

A coworking space can be used to send clients to professional spaces or to receive mail. Some spaces even include the names of every tenant along with their suite numbers in the building directory.

24/7 Access

At peak hours, coworking spaces can be quite crowded. Some businesses work best when they are open late because of international staff. The best solution is to find a luxury space that remains open 24/7. The best solution?

Entrepreneurs and business owners who work nights can still communicate with clients and colleagues on the other side, but have more privacy.

Work tools

Many coworking spaces are geared towards companies working in the advertising and tech spheres. This means that one thing is most important: an internet connection with high-speed fiber. You might also find important amenities for work such as free printing or private phone rooms.

Food and Beverages

The best place to eat is the last thing you want. Many coworking spaces have a bar or cafe nearby. Some even offer full-time baristas and multiple types of tea and coffee on tap. There are also a variety of top-quality restaurants within the area.

MAKING A DECISION

Luxury coworking spaces require the right amenities, management, reputation, location, and cost.

You might consider multiple coworking spaces if your business depends on the support of professionals from around the globe. You can narrow your options if you’re an established business that wants to expand into new regions.

Many factors can influence your decision making and make it difficult to choose the right one. You should consider all options and make sure to visit each one.

This post was written by Tara Kintz. Tara is a director at Signature Workspace which is a Rent work space. Signature Workspace, owned and operated by Cantor Fund Management, offers services and amenities such as private offices, flex space, co-working space, virtual offices, meeting/conference rooms, and more.

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