There's no doubt that coworking can be an additional expense. But for many freelancers, entrepreneurs, and remote workers, the benefits of coworking outweigh the cost. From the social interaction to the increased productivity, coworking can be a great investment for those who are looking to get the most out of their workday.

How much does coworking cost?

The average cost of a hot desk globally is around £173 per month, while the average cost of a coworking hot desk in the UK is £202. These costs vary depending on the amenities, location, and provider.

For many freelancers and small business owners, the costs of coworking can be a barrier to entry. After all, why pay to work in a shared space when you can work from home for free?

However, a coworking space may be worth the investment for freelancers and small business owners who are looking for a place to work without the cost of a traditional office space.

Why are coworking spaces worth the investment?

While coworking spaces may be more expensive than working from home, they can offer a number of benefits that can be worth the cost:

Reduced isolation

Working from home can be isolating, whilst coworking spaces offer a place where people can collaborate and exchange ideas. They can also help people to socialise and network with other professionals.

Increased productivity 

Coworking spaces can be a great way to increase productivity and connect with other professionals. 

There is a growing body of evidence that suggests coworking can lead to increased productivity. When working from home it can be very easy to get distracted by domestic tasks or family responsibilities.

In a shared workspace, members are surrounded by other professionals who are there to work. Being in close proximity to others, helps individuals be more productive and engaged than working in their home environments. 

Reduced stress

Working in an office can be stressful, but coworking spaces offer a less formal environment that can help to reduce stress levels. 

A recent study found that people who work in coworking spaces report lower levels of stress than those who work in traditional offices. This is likely due to the increased flexibility and autonomy that coworking spaces offer.

When selecting a coworking space, you can choose your own environment and create the conditions that are conducive to your productivity and well-being. 

Collaboration and exchange of ideas

Coworking spaces provide the opportunity for collaboration and exchange of ideas, which can be beneficial for freelancers and entrepreneurs. By working alongside other professionals, they can gain insights and knowledge that they may not have been able to access on their own.