Check out these 100 coworking spaces in LA.
Co-working spaces have started to take off recently, and it’s all thanks to the need of business locations. A city like Los Angeles tends to have very high rent and purchase prices for real estate, and that means you need to find a great way to acquire new business locations. But if you’re a business or a freelancer that needs a business presence yet which lacks the necessary amount of money, it’s super hard for you to get the job done properly and not worry about possible problems.
And that’s where the need for co-working places comes into play. These locations are very different when compared to a regular office for example. And that’s because there are multiple businesses all residing in a single place.
How is co-working great for the Los Angeles Tech Scene?
Tons of startups want to grow and evolve. And they can totally do that with the right amount of help and support. Even freelancers need a proper business location as they want to avoid working from home. Juice bars and coffee shops are ok for them, but they can end up being problematic as time goes by. You are much better off going for a shared workspace. You do have plenty of space to share with others, yet at the same time, you can fulfill your tasks and just enjoy your time without that much of a problem too.
The Los Angeles co-working spaces are designed with affordability in mind. They are quite affordable, way more affordable than a rental. That’s why most freelancers and startup owners gravitate towards such a place. They also encourage networking, which is why a lot of people enjoy co-working in the first place. It just offers you a way to connect with business professionals in the same industry.
And since the tech industry is booming in Los Angeles, it’s easy to see that the co-working spaces are amazing networking places, to begin with. On top of that, they do offer flexibility. You are free to come and work at any given hour during the day or night. And you also have amenities like coffee machines, fully equipped kitchens and so on. The only difference is that you don’t have to worry about the leasing formalities anymore. And the costs are way lower, which is what makes this entire process very convenient and amazing in its own right.
Who uses co-working spaces in Los Angeles?
It might sound a bit cliché, but every business that wants to grow and save money tends to focus on this type of spaces. And the benefit is that they can easily make quite a lot of money while also avoiding lots of expenses. Every tiny expense matters if you plan on saving money, so it certainly makes a lot of sense to use such co-working spaces.
But the interesting thing is that even some of the large organizations are coming onboard with this. It makes a lot of sense to use co-working spaces especially when they want to transition to a new building. Plus, they can cut the expenses if they want to downsize and use a smaller team, then outsource some of the other tasks.
The great thing is that tons of companies in Los Angeles see co-working spaces as an opportunity, and that’s great for them. Even companies like Merck, KPMG and many others are actively involved in using co-working spaces. So it’s safe to say that there’s a lot of interesting in using such working spaces, and it’s something that you will enjoy and appreciate quite a bit due to that.
How does this affect the rental prices?
Since we are talking about Los Angeles, the rental prices are still very high and they are not going to be lower anytime soon. There’s a huge demand for office spaces in the town, so companies that create co-working spaces are the right solution especially for smaller businesses that want to grow and which need to establish their own presence in the city.
An interesting thing about co-working spaces is that they also provide virtual addresses. That means customers or business partners can easily send inquiries or packages to the company and they will be received at the co-working space. It’s a great way to acquire a Los Angeles office address, and the best part is it costs way less than regular rent prices.
Do these co-working spaces replicate a traditional office?
In some ways they do, because you do have amenities and immediate access to features that are a part of any office. These include printers, scanners and any utilities needed by various companies. Some co-working spaces in Los Angeles have 3D printers too, not to mention they have small conference rooms too. So you can actually create or attend a conference in there without any problems.
You do have to wonder, who is the target for these co-working spaces? As we mentioned earlier, small companies and freelancers are extremely important for those persons that create co-working spaces. However, if we talk about the age range, most of the time the interested persons will be millennials. They are the ones that have lots of great ideas and which lack the funds to create a large business.
The co-working spaces in Los Angeles provide them with enough space to work on their projects, all while still being able to connect with other business professionals. However, you will also find older and more experienced business professionals and freelancers that work from the co-working spaces. They decided to opt for these co-working spaces because they offer more efficiency and a great way to generate leads and new business partners or attracting new clients.
As you can see, more and more co-working spaces are used in Los Angeles, and it’s a great thing to hear. Small and medium-sized businesses are actively focused on innovation, and they want to use all their income to grow and evolve. The last thing they want is to spend most of their money on rent, so the co-working spaces are very convenient for them!
Check out these 100 coworking spaces in LA.