Community Space vs. Corporate Coworking: Is There A Difference? Yes!
All coworking is not all the same. In fact, there are two emerging concepts: community space and corporate focused coworking. Community coworking space is focused on small entrepreneurial and professional service businesses typically with less than (10) employees.
In fact, over 99 percent of employing organizations are small businesses, defined by the Department of Labor as having fewer than 500 employees, and more than 95 percent of these businesses have fewer than 10 employees.
Community coworking venues typically range in size from 5,000 – 20,000 SF, and have a mixture of office sizes and meeting rooms, a common area for kitchen and soft seating open area meeting spaces throughout the venue available for their members.
Community space is ideal for a start-up business and professional entrepreneurs looking for an alternative to working from home and Starbucks. These spaces are often full of freelancers who are not tied to any specific business or industry. These spaces are beneficial in that they offer their members an opportunity to remain within budget in a collaborative community setting that has a lively, dynamic and professional atmosphere that boosts productivity.
Corporate coworking differs from community space in that they typically cater to and house larger national and international companies. Corporate coworking typically, unless utilizing the space for special contracted projects, prefer to lease for longer periods of time than the traditional community coworking member.
Corporate coworking is focused on Fortune 1000 firms who employ over 500 people and are looking for alternative environments for their workers and more specifically for creative teams who perform better in an open and collaborative environment.
Corporate coworking footprints are typically 50,000 – 100,000 SF and are found in high rise buildings mostly in dense urban markets. In regards to corporate coworking, organizations typically brand their offices with their own corporate image and culture so they aren’t completely overshadowed by the culture and imagination of the coworking operator.
Typically corporate coworking venues are looking to take down (25) plus seats at a time and community coworking venues are typically looking to focus on members who need one to five seats.
Both community and corporate coworking typically offer 24/7 access, high-speed internet access, basic office supplies and free printing with some limits, free coffee, tea and water for their members.
Finding the right Coworking Space For You
There isn’t one single way to find the best office space for your business, it truly depends on your needs and scale of growth. To help you determine your needs, you should first understand the services offered in both types of coworking spaces.
Finding community coworking venues near you can be accomplished through searching Google with a few keywords, such as “shared workspace”, “coworking” and “collaborative workspace”. Reaching out to your local Chamber of Commerce is also a likely source to find smaller, community-focused coworking options in your community.
Locating corporate coworking can also be identified in a similar fashion; however, in recent years a number of national coworking multiple listing services have been created to provide corporate human resource executives a way to find a consistent coworking brand throughout the country if they have requirements on a national level. Liquidspace has emerged as the leader of these multitudes of listings services tracking community and corporate coworking facilities.
Collaboration & Community
The core values of any coworking space are openness, community, collaboration, accessibility, and sustainability. Many corporate businesses have been collaborating with coworking space to go after startup entrepreneurs and freelancers. Community coworking and corporate coworking spaces offer different advantages, but it all depends on how your business operates and what the needs of your company are.
Sharedspace, is a regional coworking business focused on creating modern, professional, and energetic work environments to stimulate the creativity and productivity of entrepreneurial businesses and their teams! Please don’t hesitate to reach out if your business is looking for creative opportunities reinvigorate your workforce and brand with a modern coworking environment like SharedSpace. Contact us today to schedule a tour of our facilities or for a consultation on your business.