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A coworking space in Berlin. Coworking is an arrangement in which workers for different companies share an office space. It allows cost savings and convenience through the use of common infrastructures, such as equipment, utilities and receptionist and custodial services, and in some cases refreshments and parcel acceptance services. [1]
However, sharing office space does come with some problems of its own: Higher office management costs (cleaning services, printer ink, office supplies and so on) Faster wear and tear of office equipment; Potential NDA issues if the space isn't properly divided; Setup costs (dividing the space with fake walls)
The official first "Coworking space" opened in San Francisco by Brad Neuberg. That same year, the first Impact Hub coworking space launched in London. 2006: Frank Cottle introduced the concept of wholesaling virtual offices and services to third-party retailers. This launched an influx of virtual office companies that still operate today. 2019
Collaboration in business can be found both within and across organizations, [35] and examples range from formalised partnerships, use of coworking spaces where freelancers can work with others in a collaborative environment and crowd funding, to the complexity of a multinational corporation.
Workspace refers to small premises provided, often by local authorities or economic development agencies, to help new businesses to establish themselves. These typically provide not only physical space and utilities but also administrative services and links to support and finance organizations, as well as peer support among the tenants.
Hot desking (sometimes called "non-reservation-based hoteling") is a work office organization system where each space is available for any worker, rather than reserved for a specific worker, so different workers may use the same spot along the day or week. [1]
Industrious was founded in 2012 by Jamie Hodari and Justin Stewart, two best friends who grew up next door to each other in Michigan, who complained of the low quality of shared office spaces. [ 1 ] The founders raised $1 million from 80 investors to open the first location in Chicago in 2013. [ 3 ]
As of 2019, Coworker is the only database of coworking spaces that offers an annual global awards recognition, encouraging remote workers to vote for their favorite spaces around the world. [9] [10] [11] The Coworker Members’ Choice Awards is now in its third year. The company was described as an "innovation to watch" by the Financial Times ...