15 Industries that Commonly Use Coworking Spaces in 2024

There is a common misconception that only certain businesses or industries can benefit from coworking spaces in 2024. Although, certain companies may be better suited to the environment and style of a shared office space – there are in fact a myriad of businesses that can reap the rewards.

Industries that Make the Most of Coworking Spaces

Whether you are a part of a massive software development team looking for a home base or an independent freelancer trying to find some inspiration, here are 15 industries that you are most likely to find in a coworking space.

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1. Software Development Agencies

Any team or industry that is inherently grounded in technology will find coworking spaces intuitive. The dynamic nature of a coworking community go hand in hand with the flexibility that developers need to produce their best work.

If all you need is a laptop and a hot cup of coffee, then coworking spaces are perfect for you.

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2. IT Consultancies

Similarly to Software Developers, IT Consultants (or consultants in general) will reap many of the benefits associated with coworking spaces.

Not only do these environments provide a solid foundation for their sales cycle, but they also complement the flexibility that people in IT often require.

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3. Digital Marketing Agencies

Digital marketing and the agencies that specialise in it area relatively new concept in the world. Their technology-focused and innovative approach to business are perfect dynamic workspaces.

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4. SMEs and Small Businesses

If you’re an SME or looking to start a business of your own, then you have most likely realised the cost of renting or buying office space. Coworking communities are perfect thanks to their flexible lease options and inclusive packages.

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5. Advertising and Media Agencies

Much like consultants and digital agencies, media agencies can expect a solid foundation of potential business alongside a working environment that complements their approach to business.

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6. Freelancers

Freelancers can expect many of the benefits that SMEs and entrepreneurs will find at a coworking space. Ready to go workspaces and endless flexibility are the perfect combination for freelancers carving their own paths.

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7. Blue-Collar Contractors

Even plumbers need to do their admin! Coworking spaces are perfect for blue-collar workers who need somewhere outside their home to catchup on emails or get a break from being on the road.

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8. Insurance Brokers

Are crowded buildings filled with the sound of ringing phones and sales talk not for you or your employees? Coworking spaces offer fully furnished private offices to give your team the perfect environment forgetting the job done.

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9. Human Resource Consultants

Fixed offices are a thing of the past. Coworking spaces provide meeting rooms that you can book in advance as you need them. Not only does this reduce overheads, but it also gives clients visiting your business a professional experience.

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10. Law and Legal Firms

Client trust is the foundation of a legal firm. Having a professional environment to conduct business is integral to building lasting relationships with clientele.

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11. Startups

Ask any founder, starting a business is scary. What if your idea doesn’t work? With coworking spaces, you get the benefit of short-term leases alongside the flexibility to scale up or down as your business sees fit.

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12. Entrepreneurship

Whether you need to study for an upcoming exam or are simply looking for a change of scenery, coworking communities are ideal for any individual looking to get their work done in an environment conducive to productivity.

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13. Real Estate

When it comes to sales, first-impressions matter. Coworking spaces are perfect for agents who need to move between areas and specialise in their local communities.

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14. Non-profit Organisations

The comprehensive offering of coworking spaces are perfect for NPOs. No more wasted funds on excessive furniture and amenities. Everything you need is included in your packages.

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15. Banking

Onsite IT support, back-up generators, and back-up water give industries like banking the peace of mind and security they need to facilitate the sensitive data they handle.

Benefits of Coworking Spaces for Startups & Small Businesses

Coworking spaces are the perfect springboard for small businesses and startups thanks to a number of factors:

1.     Scalability and Flexibility

2.     Improved Productivity and Work-Life Balance

3.     Access to Global Talent

4.     Cost-Effective Expansion

5.     24/7 Operations

You can read more about How Virtual Offices Can Help Businesses Go Global in our article.

How Much Does a Coworking Space Cost in South Africa?

Coworking spaces or virtual offices start from R1500 per month. You can also opt for executive private offices from R5250 per month.

Coworking spaces are shared workspaces with month-to-month leasing offices. Private offices come standard with furniture as well as 3, 6,and 12 month leasing options. Both choices include fibre and IT support services, telephony services, a professional receptionist under your business name, meeting room access, and a number of other benefits that give you the space to focus on your core business.

Are Coworking Spaces Right for Your Business?

It’s not all sunshine and rainbows though, there are a number of considerations you need to make when moving your business to a coworking space. Despite a variety of benefits such as networking opportunities and flexible leases, here are a few considerations:

1. Lack of Personalisation

A standardised experience is commonplace in coworking spaces. As a business owner or entrepreneur, you may want to consider how personalised you would like your workspace and offices to be.

2. Potential Distractions

Having access to a community of like-minded individuals can be a double-edged sword. Your business and team will have a myriad of people to socialise and network with, but they can also act as a potential distraction.

3. Community Culture

Much like any other service provider, your coworking space should align with your business and its values. Make sure to research all your options and get an idea of what would work best for you and your team.

What’s Included in Coworking Spaces?

Coworking spaces are more than lease flexibility! Services such as a professional receptionist, VOIP telephone services, back-up generators, back-up water, and basement parking are all typically included in a coworking office.

Alongside this, you can also expect high-end security andon-site cleaning services. These costs are included in your lease and alleviate the stress of daily maintenance activities. You can find a full list of services offered by Infinity Serviced Offices on our benefits page.

Where to Find Coworking Spaces in Fourways

Finding the right service provider for your business’s coworking space can be a daunting task. Unlike facilitating the choice of most suppliers, choosing your coworking space will have a drastic impact on the productivity and culture of your organisation.

Infinity Serviced Offices is a professional serviced office space that provides you with a modern workspace to run your business successfully. Conveniently located in Sandton, Infinity Serviced Offices is a full-suite provider of flexible office space. If you would like to make an enquiry or book a viewing, reach out to us!

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