If you are currently working out of your home office, then the move to a coworking space can be a difficult decision to make.  One of the key advantages of working from home is saving on rent.  Especially if you enjoy working behind the computer and your role does not require you to talk to people face to face.  However, coworking brings great benefits too. Not only does it promote the expansion of your personal and professional networks which can potentially result in huge business opportunities, it can also help increase productivity, cohesiveness, and happiness among your peers.

Let’s take a look at some of the more popular coworking spaces in Singapore:

Coworking space

Nearest MRT

Price (hot desk)

Price (dedicated desk)

The Hive
New Bridge Road

Raffles Place

$210

$399

Cospace Park

Kent Ridge

$99

$400 (min. 4 pax)

The Working Capitol

Outram Park

$650

Not Available

JustCo Marina One

Marina Bay

$398

$750 upwards

Level3

Labrador Park

$400

$650

Found8 Cuppage

Somerset

$365

$770 upwards

WeWork Claymore

Orchard

$500

$650 onwards

Source: coworker.com

 

Top 3 benefits of Coworking Spaces:

  1. You are part of a community - Connections with others are a big reason why people pay to work in a communal space, as opposed to working from home for free or renting a tiny shoebox office. Each coworking space has its own vibe, and the managers of each space go to great lengths to cultivate a unique experience that meets the needs of their respective members.
     
  2. Greater flexibility – If you are running a startups, you may struggle with finding a work environment that gives you the flexibility to scale your team and signing up for a two-year office lease is the last thing you want to do. This explains why an increasing number of startups are moving into coworking spaces.
     
  3. Better business connectivity - Not only do coworking spaces encourage a great sense of community, they also foster better business connections. Many coworking members and tenants have noticed a significant increase in new clients due to the collaborative relationships they’ve established at their place of work.

Now, let’s face it, no matter how affordable rents may be, productivity is key. Working in an environment where everybody else is focused on their work and busy making progress pushes you to do the same.  When confronted with a certain type of energy, you basically have no choice but to imitate the conduct of those around you.  Worth it or not, a coworking space could give you the discipline you need to propel your business to the next level!