With COVID-19 disrupting all aspects of life as we knew it, more individuals are working from home. This has caused a major percentage of people to give up on the conventional 9-5 work regime and opt for a more flexible remote work environment. These changes have resulted in the sustainable concept of co-living and coworking becoming even more popular than before. Although coworking has been present for a long time, the idea of co-living is relatively new.
While the basic concept remains the same, there are several differences between co-living and coworking spaces. While coworking is for people who have remote jobs and are looking to work in a space with other people. This helps develop a sense of community and helps reduce the boredom that comes with working alone. On the other hand, a place that also provides accommodation as well as an office space is considered as co-living.
A majority of people prefer coworking over a longer duration as they can separate their home and work environments, with these spaces seeing an annual growth rate of 24.2%. However, for the short term, co-living spaces can be a good option. This is particularly useful if you are looking to meet like-minded people immediately and need a work community without wanting to search for a different place for accommodation.
Co-living and coworking spaces can be used by corporations, freelancers, small businesses, startups, and entrepreneurs. They are typically fully furnished and are specifically designed to meet the needs of the people that will be utilizing these spaces. Cleaning services, maintenance staff, WiFi, laundry, fully stocked kitchens, gyms, swimming pools, and resting spaces are usually provided as well.
In an era where remote work is at its highest, and people are experiencing the mental impacts of the pandemic, coworking and co-living can provide solace. With easing regulations regarding social distancing across the United States, more people are looking to invest in these spaces and reduce isolation and living costs while created long lasting connections with others.