Today, the freelance economy is booming. According to Credit Summit, there are now 73.3 million freelancers in America, making up 46.25% percent of the workforce. And that number is only going to grow.,
With more and more people striking out on their own, the need for coworking spaces has never been greater. If you're looking to start a coworking space of your own, here are some of the best destinations to consider.
Criteria I have based my recommendations on looking at three basic considerations as well as any additional relevant information specific to that location.
Below is the benchmark I am using, taken from Zoopla, for what I believe to be an average-sized coworking space of 350 sq.m of space.
I’d recommend accessing the Zoopla calculator here to make your own specific adjustments.
This list of destinations is in no particular order but is put together to cater to varied tastes and differences depending on what you're looking for.
Bali is a popular tourist destination that has become increasingly popular with digital nomads in recent years.
The island offers a number of coworking spaces, as well as beautiful beaches and resorts. Bali is also an affordable destination, which makes it an excellent option for those on a budget.
Buenos Aires is the capital of Argentina and is one of the most popular destinations in South America for digital nomads and remote workers.
The city has a number of coworking spaces, as well as a thriving startup scene. Buenos Aires is also an affordable city to live in, which makes it a great option for those on a budget.
Cape Town is one of the most popular tourist destinations in Africa and is also home to a growing number of startups and tech companies.
The city has many coworking spaces catering to the needs of digital nomads and remote workers. Cape Town is also a great place to live and work, as it has a mild climate and is known for its beautiful beaches and scenery.
Chiang Mai, Thailand, is an increasingly popular destination for digital nomads and others who work remotely. The city offers a great quality of life at a fraction of the cost of places like Bangkok or Hong Kong.
Barcelona is a popular tourist destination that is also home to a growing number of startups and tech companies. The city has many coworking spaces catering to the needs of digital nomads and remote workers.
Barcelona is also a great place to live and work, as it has a Mediterranean climate and is known for its vibrant nightlife and culture.
Berlin is another European city that has become increasingly popular with digital nomads and remote workers in recent years. The city has a large number of coworking spaces, as well as a thriving startup scene. Berlin is also an affordable city to live in, which makes it a great option for those on a budget.
Tbilisi, Georgia, has been growing in popularity as a favorable destination for remote workers. Not only Tbilisi but also the coastal area of Batumi. The cost of living is one of the most affordable on this list, the internet is fast, and there are a plethora of things to do within this beautiful and historic city.
Lisbon is the capital of Portugal and is one of the most popular destinations in Europe for digital nomads and remote workers. The city has a number of coworking spaces, as well as a thriving startup scene. It’s no wonder Portugal is a big favorite amongst remote workers.
Medellin, Colombia is an up-and-coming destination for coworking spaces. The city is filled with young entrepreneurs and digital nomads looking to make a name for themselves.
The cost of living is relatively low, and there are plenty of affordable office spaces.
In addition, Medellin has a vibrant nightlife and is home to some of the best salsa clubs in the world. If you're looking for a place to set up your coworking space, Medellin is definitely worth considering.
The first step in choosing the right destination for setting up a coworking space is to assess your needs.
Consider what type of business you hope to operate, what are your budget constraints, and how many people you need to accommodate.
Once you have a clear idea of your requirements, you can begin to narrow down your options.
There are a number of factors to consider when selecting a location for your coworking space, and asking the right questions will further guarantee your success.
By taking all of these factors into account, you can choose the correct destination for setting up your coworking space.
Not to put anyone off opening a coworking space, but it's better to prevent a fire than to try and put one out after it's started. When opening a coworking space, there are a number of potential problems to be aware of.
Perhaps the most significant issue is that of competitive pressure. In order to succeed, a coworking space must be able to attract and retain clients. This can be difficult in a market where there is already a high level of competition, and a lot of people simply prefer working from home.
Like with any business, an owner needs to be versed in a range of skills, from customer management to effective marketing that paints a picture of the business in a way that makes it stand out from others.
Additionally, customers are sometimes reluctant to sign long-term leases in a coworking space, as they may be concerned about the ability of the business to remain viable. As such, it is important to have a solid business plan and financial backing in place before launching a coworking space.
Another potential problem is noise pollution. If not managed properly, the noise levels in a coworking space can quickly become overwhelming, which can lead to decreased productivity and increased stress levels among employees.
Finally, it is also important to consider the potential for conflict between coworkers. If not managed properly, tensions can quickly emerge in a coworking environment, which can create an unpleasant working environment.
If you're looking for a new place to set up your coworking space, consider one of these destinations. Each location offers its own unique benefits that are sure to appeal to entrepreneurs and small business owners. Good luck!
The article was written by Chris Hardy. Chris is a full-time content marketer running several niche blogs and a growing YouTube channel. A teacher at heart, Chris spent 10+ years as a professional dance and English teacher before diving into the world of online business where he made a name for himself on YouTube exposing "make money" scams. To learn more, visit: https://selfmadenewbie.com.