The Coworking Space Industry is on the rise in Jakarta at the moment. But It has been trending mostly for the young adult entrepreneurs who are working either virtually or building a startup without real offices. But why are they choosing coworking spaces instead of conventional offices? Here are 3 reasons why:
1. Millennials Believe In Shared Economy
Shared economy is an economic ecosystem built to support the sharing of human, physical or intellectual resources. This culture of the shared economy has affected workplaces and opening up new opportunities to collaborate and partner. Knowing that they are part of a bigger web of an economy, Millennials choose to help each other and contribute to society by sharing knowledge and the resources they have.
2. Coworking Spaces Don’t Cost As Much
Coworking spaces are almost always cheaper than renting conventional offices or even Rukos. In a report by Sage, 17% of startups are currently owned by Millennials. Instead of wasting the startup budget on renting offices, young entrepreneurs flock towards coworking spaces that provide them with a great working environment at a lower cost. With subscriptions as cheap as Rp. 1.000.000/ month, it is highly understandable why the traditional office buildings are not as appealing to millennials.
3. They Just Love Networking
Being in a shared office space with dozens of other people from different industries means that you’ll have the opportunity to interact and collaborate with all sorts of people, such as creativepreneurs, techpreneurs, venture capitals and more. Instead of working individually, millennials have the choice of working in a community that is working towards the same goal. Creating projects and discussing ideas from different perspectives.
CoHive is one of the fastest growing coworking spaces in Jakarta. With locations in prime parts of the city, it provides flexibility for workers who travel frequently and hates working in the same boring scene day-to-day. Perfect for those young entrepreneurs looking for support from a community of like-minded people.