As real estate costs soar in major cities, acquiring quality real estate becomes more and more of a concern for businesses, especially since locations in major tech hubs are key for success. While larger businesses can often bear the burden, smaller teams and individuals are left with unenviable choices of less than prime working conditions, or possibly just working remotely. For individuals this is often doable but difficult, but for teams this can become unsustainable from an organizational and efficiency viewpoint. As well, an actual office isn’t just about desks for workers, but about the benefits such as a place to bring clients or have team meetings.

This is the reason for the rise in coworking culture across the globe, especially in cities that are major centers of innovation and creativity. The idea of a coworking space is one that is flexible, often having month to month membership, and is shared among however many teams or individuals decide to use the space. Apart from providing a more professional and focused working environment for clients, coworking spaces can also be great for networking between start-ups that may have talent and resources that the others need. Really great coworking spaces, like Cranium, will even offer amenities like private meeting rooms and board rooms, to allow for more professional interactions with team members and clients.