With more hundreds of coworking space spread across Lagos and Nigeria, coworking is becoming a new normal for the workforce in Nigeria.

Coworking allows you to benefit from an office space while staying flexible with your needs. Small business owners might rent a private office in a coworking space, keeping their costs low, while freelance and gig workers might get a monthly hot desk membership to come and go as they please.

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Below are 5 benefits of using a coworking space

1 Convenient Locations

People don’t always have to travel into the city to get to their coworking spaces. Coworking spaces can be found in rural and suburban areas in addition to urban areas.

Regardless of the area you stay be it Ikeja, Surulere, Ikorodu, Iyana Ipaja, lekki, Magodo, there is always a coworking space near you.

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This automatically reduces the stress of commutes and makes it easy for employees to get to their office.

A convenient location is important to people. For most employees, location is an important factor of an office, far more important than restaurants, Malls and retailers combined.

2. Ability to Interact With Other Businesses and Employees

One major advantage of coworking space is the benefit of networking with other people which can help your business grow tremendously.

The person sitting next to you could be a great contact or may be able to connect you with someone who could help grow your business. The people surrounding you are resources you might not have been exposed to in a traditional office environment.

Many businesses in coworking spaces are small or new. Networking with other businesses — both in similar and different industries — can help a business get off the ground.

For example, a business that sells discounted theater tickets to consumers might need help building its website. Luckily, a web designer works in its coworking space and can help. In exchange, the ticket company’s owner might use her digital marketing skills to advise the web design company on its social media strategy.

Coworking can lead to important professional connections.

3. Reduced Costs

One of the biggest benefits of coworking is that it’s a cost-efficient alternative to traditional office space.

Instead of paying high monthly rental prices and associated fees, you can pay a much smaller price and deal with much less responsibility associated with your space.

Less overhead costs mean you have more freedom to deal with the business topics that matter. It also allows you to be more flexible with your needs. For example, instead of locking you into annual contracts, many coworking spaces offer month to month rentals with the ability to cancel anytime and adjust your needs to your company’s growth.

Whether you’re a freelancer looking for a drop-in space, or an established team seeking a dedicated desk or private office, coworking solutions allow you to pay for only the space you need.

Plus, flexible agreements mean you can scale at your own pace, without the pressure or rigidity of long-term traditional leases—and this flexibility is absolutely essential to growing companies.

4. Reduce loneliness; increase connection

When the alternative is working from your living room, coworking spaces surround you with a network of professionals and can reduce the isolation sometimes associated with working from home.

It also helps employees feel like they belong somewhere, which can increase the strength of their work and overall morale at their company.

5. Office Fun/ Office Perk

Coworking spaces offer a slew of office perks. For example, a couple of coworking spaces in Lagos offer things like game room, rooftop lounge with indoor and outdoor seating and music.

If you had to pay for your own office space, chances are having additional services, such as fitness rooms and entertainment options, would be limited.

Common coworking benefits include coffee machines, printing facilities, soundproof phone booths, private meeting rooms, and more.

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