Why Millennials are Opting for Shared Office Spaces

Average Cost For a Shared Office Space0 | osDORO | Coworking Spaces &  Offices for Rent USThe way people work has evolved over the years, and so has the concept of offices. Gone are the days when offices were confined to cubicles and monotony. The rise of shared office spaces has revolutionized the office culture to a great extent. These spaces have become a popular choice for entrepreneurs, freelancers, and small business owners looking for an affordable, yet professional space to work in. In this article, we will be discussing the concept of shared office space, their benefits, and why they are gaining popularity.


The Concept of Shared Office Spaces:


A shared office space, also known as a coworking space, is a shared working environment where people from different companies or professions work together in a collaborative setting. In other words, it is a shared workspace where professionals work independently, but in a communal space.


The concept of shared office spaces originated in San Francisco in 2005. Since then, it has grown rapidly, and there are now thousands of coworking spaces all over the world. Shared office spaces come in different shapes and sizes. Some offer fully equipped private offices, meeting rooms, and event spaces, while others offer open desks, hot desks, and shared amenities like kitchens and lounges.


Benefits of Shared Office Spaces:


Shared office spaces are gaining popularity because of the many benefits they offer, including cost-effectiveness, networking opportunities, and flexibility. They are an affordable alternative to traditional office spaces, as they allow professionals to share the costs of rent, utilities, and other expenses.


Sharing office spaces also provides networking opportunities, as people from different professions and backgrounds work together in the same space. This creates a community of like-minded individuals who can collaborate, share knowledge, and exchange ideas.


Additionally, shared office spaces offer flexibility, as they provide a space to work whenever needed, without the long-term commitments of a traditional office space. For freelancers and entrepreneurs, this is a great option, as it allows them to focus on their work without worrying about the costs and responsibilities of running an office.


The Rise of Shared Office Spaces:


The rise of shared office spaces is a global phenomenon, with coworking spaces popping up in cities all over the world. In a survey conducted by Deskmag, it was found that the number of coworking spaces worldwide is expected to reach nearly 20,000 by 2020.


One of the reasons for this growth is the increasing number of freelancers and entrepreneurs who are looking for a professional and flexible workspace that suits their needs. Additionally, the rise of the gig economy, where short-term contracts and freelance work are becoming more common, has created a demand for more flexible working environments.


The Future of Shared Office Spaces:


The future of shared office spaces looks promising, with the concept becoming more mainstream and accepted in the business world. As more companies look for cost-effective and flexible office solutions, the demand for coworking spaces is expected to grow.


Coworking spaces are also expected to evolve, with the introduction of new technologies and amenities to make them more efficient and comfortable. For example, some shared office spaces are equipped with smart technology, such as IoT-enabled sensors for improved security and energy efficiency.




In conclusion, the concept of shared office spaces has revolutionized the way people work, and their popularity is only expected to increase. Coworking spaces offer cost-effective, flexible, and collaborative work environments that cater to the needs of the modern workforce. With the rise of freelancers, entrepreneurs, and the gig economy, the future looks bright for shared office spaces, and we can expect to see more of them in the coming years.