A coworking space is a shared working space that provides an affordable option for business owners looking for office spaces. These spaces offer a variety of amenities such as private office rooms, kitchens, restrooms, lounges, reception, large boardrooms, small meeting rooms etc. These supportive services are incredibly useful for a start-up business and having all of these services under one roof can save a lot of costs as well as time.

The cost-effectiveness of coworking spaces is the main reason for its popularity in recent times. At a time when office lease rates are skyrocketing and the additional services that come with maintaining an office become increasingly costly, coworking Brisbane provides an affordable alternative. There are different membership models and payment models. You can also have a say in the flexibility of the working environment. As there are many companies that offer coworking solutions, you are able to have access to so many different types of workspaces that are tailored to your business requirements. If you are a start-up company you can make sure of the hot desk concept where you will be providing a space for your employees to work at the coworking space but there will be no fixed desk allocated to them. This will enable increased communication with like-minded professionals and contribute to brainstorming sessions between companies as well. The start-up community is incredibly supportive and having so many individuals in one place can create a motivational and healthy working environment for all.

Usually, coworking spaces are used by freelancers who look for flexibility in choosing their work, start-up businesses that are looking for affordable work environments and other small organisations who benefit from this shared concept. There is a stronger connection with those that work in coworking spaces when compared to employees in traditional offices as there is a different culture and attitude that is prevalent in this environment. There is a sense of belonging and community even though people are working for different companies or following different entrepreneurial paths. Because everyone has a shared motive in getting ahead in the industry, it creates a support network and because there is a large variety of individuals from different backgrounds, it is a hotspot for innovation and creative collaborations. 

There are also larger organisations that make use of the coworking spaces due to the increased flexibility and the cost reductions that they can integrate. There is a greater sense of freedom and movement in shared offices and this leads to a greater degree of collaboration. There is more connection between different departments of the company which will result in increased efficiency and productivity. There is a large freelancing economy that is constantly growing. These freelancers benefit from the shared experiences in these coworking spaces and it can give rise to new companies and businesses. This also results in the formation of more coworking spaces. One field that has benefitted greatly from coworking spaces is design. Creative fields get more out of working in these shared spaces as they get a variety of experiences from it.