What to Consider When Choosing a London Co-working Space


There has been a huge increase in the desire to create shared workspaces in recent times, and many entrepreneurs and start-ups are looking to utilise these creative office spaces as a home and base for their business. Each London co-working space will be unique and different, and in this post, we will take a look at a couple of points which you should consider when choosing the best co-working space for your business.

Price

Before choosing your co-working space in London, be sure to set a budget for yourself and determine what you realistically can afford. As the demand for shared work spaces has increased rapidly in recent years, there is quite a variety of differently priced workspaces with different features. The first thing you need to consider before choosing your workspace is how much you are able to afford each month. Once you know your budget you are free to explore all the spaces within that budget.

One thing to consider, when you're looking for the best co-working office space in London, is whether you'll be subject to extra costs. It's a nightmare to get a surprise invoice at the end of the month because you used meeting rooms for important team meeetings or accessed your workspace at the weekend. Finding a London co-working space with membership fees that include all your essential services is paramount to managing your budget and keeping stress at bay!

Inspiration

London co-working spaces are filled with inspirational entrepreneurs and other business people who are all working towards their goals in the same space. This type of environment is a wonderful melting pot of ideas and enthusiasm that leads to extra inspiration and motivation. It has the added benefit of producing enhanced productivity in individuals and businesses! Choosing a workspace where you'll feel creative and inspired is a great way to create new energy in your business and team.

Investigate other Members

Relationships in the workplace can produce either harmony or disharmony which will affect morale and work ethic. Even in a shared workspace, relationships still matter. It is important to get some information about the other members of each workspace so that you know what type of people you will be surrounded by.

In a co-working environment the members can become your friends, suppliers, customers and can even help with market research.

By choosing a London co-working space with a diverse community, you'll also be able to maximise networking opportunities which can lead to new business.

Extra Perks

Some co-working spaces offer extra perks such as free tea and coffee, social events, business seminars or free at work massages! Have a look at different co-working spaces in order to see which one will give you the most for your money. Extra perks such as these also increase work ethic as well wellbeing and happiness in the workplace.

The Fine Print

Always read the fine print and find out the length of each workspace lease. Some spaces may require you to sign a one year contract, others a one month contract or a 6 month contract. Determine how long you plan to stay in a co-working space and be sure to choose one where you won’t have any difficulty ending the contract or where you will be required to leave a space in which you are thriving.

A good rule of thumb for small businesses, is to choose a co-working space that offers easy-in and easy-out. You'll be looking to not tie yourself into a long contract, so a two-month notice period usually ends up being ideal.

Location

Location is an important factor to consider. Is the workspace in a noisy location? Is it easy enough for you to travel to? Is it in a safe area? You will certainly want to choose a co-working space where you won’t be distracted by lots of noise and which gives you a quick and easy commute to and from the space.

Also, think about its proximity to the people you do business with and what's nearby that will please your team. Lunch options - and onsite cafe is always good! - and bars for after-work socialising are desirable for small businesses looking to attractr good talent.

Atmosphere


Get a feel for the different atmospheres of each workspace and decide what type of atmosphere will work best for you and your team. Some co-working spaces are more social, while others are not. Some spaces will have events and activities for the members to mingle and get to know each other while other spaces are more directed towards quiet and solitude. Choosing the right atmosphere can help you and your business to grow.