The global coworking market is steadily growing. According to the latest research, the market is expected to attain $50150 million by 2028. The growing popularity of coworking work arrangements comes at a time when digital distractions constantly compromise the productivity of freelancers, entrepreneurs, and self-employed individuals.
In most countries like Kenya, coworking arrangements seemed foreign until post-covid. As Nairobi continually grows into a global hub for startups and freelance entrepreneurs, a progressive ecosystem is being built for numerous coworking spaces to sprout. But before anything else, what is a coworking space?
What is a coworking space?
Coworking spaces are shared workspaces where individuals or groups can rent out seating spaces based on their business needs and budget. It also provides flexible business options for professionals looking for innovative ways to work, network, and grow their businesses. In a coworking space, you’ll find all the necessary infrastructure for building your business at a lower cost.
Coworking spaces are growing in popularity, thanks to their market dynamics that offer flexible and affordable options for individuals and teams. They are expanding beyond traditional metropolitan areas as their operators focus more on building communities.
Why coworking spaces?
A handful of small businesses, entrepreneurs, freelancers, and even large corporates are slowly opting for coworking spaces instead of traditional offices. According to coworker.com, Nairobi city now boasts over 100 coworking centers spread across different regions, and here are reasons for their rapid growth.
- Cost-effectiveness
Coworking spaces save you money and allow you to rent without a long-term lease or upfront investment in office furniture and equipment. Hence coworking spaces are ideal for startups and freelancers. The truth is that renting an office in Nairobi’s prime location is quite costly.
2. Prime locations
As earlier mentioned, it is almost impossible for a freelancer to afford office space in places such as Upper Hill, Kilimani, Westlands, Arboretum Drive, or Karen. Office options for coworking spaces are also limitless. You can rent a single-person space (bar-stool seating), a private office, or meeting rooms.
3. Opportunities to network
Coworking spaces foster professional networking opportunities. As you interact with like-minded individuals in a shared space, you’ll be lucky to tap into a pool of resources to help your career development. If you are looking for prospects for your business, a coworking space is a perfect place to start from.
4. Increased productivity
A coworking space plays a crucial role in increasing productivity. Freelancers can hardly give 100% when working from home in a world of digital distractions. You will be more motivated to complete tasks and complex projects in a shared space. Once you notice that everyone else is working hard, you have no choice but to stay focused.
Have you considered working from a coworking space and need help figuring out where to start with your search? The above information will help you find a coworking space that suits your productivity needs. But if you are looking for a coworking space near CBD in a quiet and serene environment, I highly recommend Arbor House Coworking Centre.
Arbor House is an ultra-modern coworking center along Arboretum Drive, boasting multiple amenities that suit your unique working needs. Their packages are friendly, and you can choose to subscribe for daily plans, weekly plans, or pay for the monthly membership.
[…] The coworking space market cannot be stopped. Their popularity is rising, and we cannot deny that coworking spaces are here to stay. Coworking spaces are popular for good reasons. […]