London has seen a rise in communal co-working spaces. remaining the global capital for co-working, ahead of New York. So we thought it would be apt to look into the importance of communal hubs and how the future of working is changing. Co-working space allows for shared ideas and the ability for different fields and types of businesses to intermix. From an individual freelancer, small tech start-up or established company looking for a cutting edge space. What’s caused this sudden surge in co-working environment’s and more importantly is it here to stay?
As quoted on Hubble “The Office Group’s revenues soared 62% last year as entrepreneurs and tech giants drove growth. It’s now London’s largest privately-owned occupier of office space with a community of well over 10,000 members using its service, providing co-working facilities at 17 London locations.”.
With the growing rise in office rental prices, companies and entrepreneurs are looking for spaces that are more affordable and add value to their daily lives whether that be networking, inventive perks and facilities or a social environment. East London is prime example of this with offices costing in the region of £51,600 for 600 sq ft of office space per year. We look at our favourites models in this area.
Here’s so of our favourites and what we hope to harness at Artist Hive Studios for artists.
1. Google Campus London. One of the first startups in London for entrepreneurs founded on the silicon valley ‘hacker mansion’ principle. It’s a great resource.
2. SohoWorks – A stylish co-working environment that offers the luxury’s of home.
3. The Laundry – A space for musicians and music focused types – offering studio space as well as access to a performance venue.
4. WeWork – Located in NYC, Amsterdam and Washington, meaning it can be used whilst travelling.