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Let’s face it, running a business isn’t cheap. Between rising rent, utilities, equipment, and the endless list of office expenses, the costs can add up fast. And in an economy that is increasingly uncertain, it’s easy to feel like your business is being squeezed from all sides.

In today’s competitive business landscape, attracting and maintaining high-calibre staff is crucial for the success and growth of any company.

For thousands of professionals across Australia, coworking has become ubiquitous with a new and innovative way of doing business. What started out as a blip on the corporate radar has quickly evolved as a critical component for business operations nationwide.  

Gone are the days when Friday night work drinks or the company PlayStation were drawcards for what employees wanted from being in the
office. Flexibility in remote and workplace arrangements is now one of the highest priorities businesses need to consider in attracting and retaining talent.

Before the onset of the COVID-19 pandemic, many people looked to the traditional office as the workplace standard: Commuting to and from a central office location to work in a designated cubicle or desk for eight hours a day. Although coworking spaces were already established at the time, their popularity has grown exponentially in the last two years.

After working as an IT project manager for most of his career, Rahi Khondker came to the realisation that there was more to life than climbing the ladder in the relentless corporate world. He wanted to do something more fulfilling outside the four walls of his cubicle.

The importance of engaging within a community while remaining COVID-compliant seems to have faded. How can this be achieved while in lockdown or continuing to work from home.

Did you know that one-third of your life is spent at work? For the average person, that’s around 90,000 hours in their entire lifetime. This means that a large portion of your time is spent in a specific work environment, probably more than the amount of time you relax at home! This begs the question: Does your workplace add fulfillment to your professional life or does it bring you down?

While coworking spaces have become a recent phenomenon, the concept has actually been in practice for decades. In the late 90s, coders, engineers, developers, and programmers in Germany developed “hackerspaces,” a community-oriented place that motivated them to exchange ideas and learn from each other’s skills. The goal wasn’t to learn from one field of study exclusively, but rather to stimulate a collaboration on different areas of design, prototyping, creative problem-solving.

In 2020, when lockdowns hit Australia due to COVID-19, city-based office employees had to adjust to working from home. Although some struggled initially, many people have quickly gotten used to the benefits that working remotely can bring.