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Human Resources, Property Real Estate

Flexible work options drive companies to choose coworking spaces

GetApp Australia 2 mins read
New research shows what small to midsized enterprises (SMEs) should consider when choosing between a coworking space or a private office.

AUSTRALIA - 12th December 2023

A recent survey among coworking respondents in Australia reveals that flexible work options are the key drivers behind the growing popularity of coworking spaces. According to the study conducted by the software recommendation engine GetApp, 33% of respondents said increased flexibility was the primary reason their company opted for a coworking space. In addition to flexibility, the same group also cited other reasons for their company deciding on a coworking space, such as cost reduction (31%), access to shared amenities (29%), and networking opportunities (24%).

Contrary to popular belief, only 14% of coworking respondents stated that their company chose a coworking space due to a transition from remote work to a physical space. This finding challenges the notion that return-to-work policies fuel interest in coworking spaces. Instead, the survey revealed that nearly half (49%) of coworking respondents have been operating from their current coworking space for more than four years, indicating these spaces' long-term appeal and success.

While coworking spaces offer open and inviting environments, they do come with their downsides. According to the survey, 48% of coworking respondents cited noise and distractions as the most prominent disadvantage. Additionally, the open-plan layout, which fosters collaboration, can impact privacy, with 38% of respondents expressing concerns over limited privacy and confidentiality.

Interestingly, despite the advantages of coworking spaces, most respondents still prefer to work exclusively from a private office dedicated to their company. A staggering 61% of coworking respondents expressed this preference, highlighting the importance of a controlled and quiet environment for employee productivity. Among private office respondents, 52% valued a consistent working routine the most, while 40% benefited from enhanced privacy and reduced distractions.

Notably, the survey revealed that 87% of private office respondents have always worked in a private office, indicating a strong preference for this type of workspace. In contrast, 36% of coworking respondents stated that their company moved from a private office to a coworking space. Furthermore, 34% of private office respondents expressed high satisfaction with their workplace, compared to only 16% of coworking respondents.

“Organisations must weigh in factors that can be counter-productive for employees when choosing between a private or shared workspace. Private workspaces offer enhanced privacy and reduced distractions, but they lack opportunities for more exposure to different work styles. On the other hand, shared workspaces foster collaboration, but privacy and confidentiality solutions are needed. Companies should look to facilitate employee satisfaction, as finding solutions to support employees in each particular workspace can also lead to increased productivity,” says Andrew Blair, Content Analyst for GetApp Australia.

For further information, please visit getapp.com.au

Methodology 

To collect this data, GetApp interviewed 1,018 Australian employees in August 2023. The candidates had to fulfil the following criteria:

  • Australian resident 

  • Employed full-time or part-time in a company with more than one employee

  • Aged between 18 and 65 years 

  • Always use a computer or laptop to perform their daily tasks at work

  • Work in either a hybrid work model or fully in a physical workplace


Key Facts:
About us:

About GetApp 

GetApp is the recommendation engine small businesses need to make the right software choice. GetApp enables SMEs to achieve their mission by delivering the tailored, data-driven recommendations and insights needed to make informed software purchasing decisions. For more information, visit www.getapp.com.au.


Contact details:

Garry Steel

Marketing Specialist

garry.steel@gartner.com

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