The coworking space revolution has changed the way companies expand their business. Today, more than 50% of business owners prefer a serviced workspace rather than investing in a traditional office. The reason is simple- why spend lakhs on renting, overheads, and utilities when you have flexible options? 

The Philippines is slowly becoming a global business market, housing multiple small businesses, startups, and large MNCs. All these businesses need a workspace in prime locations, which significantly increased the price of real estate. Today, most small business owners can’t afford to invest a significant chunk of their revenue in buying or renting a full-scale office space. To combat this issue, coworking spaces have emerged as the go-to solution for businesses wanting to grow without the burden of long leases. 

Not just in financial but in terms of human resources, technology support, and office management, coworking space removes every obstacle effectively by fulfilling all office needs with flexible options. Coworking spaces in the Philippines are an intriguing alternative to traditional offices, and their benefits speak for themselves. Their advantages and latest statistics are enough proof that coworking spaces are not just a passing trend, they are the future of modern business workspace solutions. 

Here are the top 10 reasons why coworking spaces are perfect for scaling up business in the Philippines. 

Top Reasons Why Coworking Spaces Are Perfect for Scaling Up Business

Coworking spaces in the Philippines have evolved from a trend to a cultural shift. The allure of networking opportunities, flexible options, and a shared community has motivated everyone toward coworking spaces. Whether it is a multinational corporation interested in international expansion or a budding startup looking for a cost-effective workspace, everyone can benefit by ushering toward the coworking space revolution in the Philippines. 

Here are the top 10 reasons for choosing coworking spaces in the Philippines:

1. Save money while enjoying all office amenities

Most small or growing businesses are short on funds. Scaling up a business requires a lot of funds, and the more money they save from reducing their office expenses, the more they can invest in business growth. Office space is the biggest expense for any business. From rent to utility bills, housekeeping, and other overheads, traditional office space costs a lot. Plus, long-term leases and maintenance take up little bit of room left. 

Coworking solutions are the perfect way to save money. As they are shared spaces, with all office amenities, business owners do not have to pay for rent, maintenance, and overheads. Coworking spaces come with all in one, comprehensive, and affordable membership. Moreover, coworking memberships are flexible- monthly, quarterly, or annually so you do not have to pay yearly charges or deposits in advance. 

Overall, coworking spaces save you a lot of money while being flexible. You can work at a premium office and save money on office rent, which can be utilized to scale up your business. 

2. Flexibility and scalability without hassle

The beauty of coworking spaces is their flexibility. This flexibility comes in two forms: flexible membership plans and a flexible number of desks/rooms. 

Whether you need a membership for a month or a year, you can choose the plan that suits you without the hassle of long-term leases or contracts. Business owners can extend their memberships or terminate them however suitable for them. 

Plus, with multiple workspace options- a private office, dedicated desk, shared spaces, etc., you can choose the arrangement most suitable for your needs. You can easily add a new desk for an extended team or downsize during a lean period, coworking space in the Philippines offers completely flexible solutions. 

No need of getting locked into rigid contracts. You can easily scale up and down without any hassle in coworking spaces.  

3. Prime office address

Coworking spaces in the Philippines are located in the prime business districts in metro Manila, such as BGC, Ortigas, and Taguig. If you try to buy or rent a personal office in a similar area, it costs a lot. Most small businesses cannot afford to rent an office in such prime locations. 

Instead of investing in expensive commercial real estate, businesses can enjoy the prestige of a prime location while paying only a fraction of the cost. Plus, a prime business address in the top financial district of the Philippines not only boosts your credibility but also creates a good first impression. 

Serviced coworking spaces allow you to establish your brand at a highly sought-after prestigious address at a reasonable rent. This is particularly beneficial for startups and small businesses looking to establish credibility.

4. Networking and collaboration opportunities

Coworking spaces are designed to promote idea exchange. When you work alone, you have no one to interact with, discuss new ideas, or indulge in information exchange. On the contrary, coworking spaces are full of like-minded professionals, entrepreneurs, and business owners who interact daily. 

This collaborative yet professional environment fosters networking, collaboration, and potential partnerships. The opportunity to connect with like-minded individuals also helps improve productivity and innovation, accelerate growth, and open up new business avenues for future growth. 

5. Access to essential amenities

Scaling a business requires more than just desks and chairs. Coworking spaces save time, money, and energy required in setting up a fully functional office space. Coworking spaces are plug-and-play. They are equipped with all the essential office amenities, including office furniture, high-speed internet, conference rooms, printing services, and break areas. Additionally, they also provide office management, admin support, call and mail handling, and housekeeping services. 

These amenities help small businesses operate smoothly without the added cost of setting them up independently. You can scale up without worrying about investing in extra facilities; coworking spaces take care of everything for you. 

6. Professional work environment

Working from home or in coffee shops is distracting. There is no structured setting or professional work environment, leading to reduced productivity. 

The coworking space atmosphere is always filled with similar professionals working on various ideas and possibilities. They provide a professional setting and a motivational environment to enhance productivity. With designated work areas, desks, private offices, and quiet zones, people can easily focus more efficiently on work, which is crucial when planning to scale up. 

7. Access to talents and collaborators

Coworking spaces are full of professionals from various industries. If you need to hire a designer, writer, or marketing expert, you don’t need to go anywhere. You can easily hire freelancers or full-time employees from the vast talent pool form the same coworking space. 

With a whole community of talented professionals around you, you can easily find talented professionals to scale up your operations or for collaborations. 

8. Zero administrative hassles

Renting an office space is a one time thing, but the management is a continuous process that requires time and money. You need to hire multiple people to handle utilities, security, cleaning services, and maintenance and manage them, all the time.

With coworking space, all the operative and administrative responsibilities lie with the solution provider. They manage all admin and maintenance needs, such as housekeeping, security, equipment management, phone handling, refreshments, and more. With zero administrative hassle, you can fully concentrate on growth strategies to scale up your business instead of administrative burdens.

9. Increased work-life balance 

As businesses scale, employee satisfaction becomes a priority. Most coworking spaces in the Philippines are centrally located close to leisure, entertainment, and recreational facilities so employees can easily unwind after work.  

Plus, coworking spaces have dedicated break rooms and lounge areas to maintain a healthy work-life balance, Employees can take relaxing breaks and enjoy tea, coffee, and refreshments whenever they need. A happier workforce leads to increased productivity and employee retention.

10. Easy global expansion

With coworking spaces, you don’t need to worry if you want to scale in international locations. Coworking spaces in the Philippines also provide virtual office solutions at multiple locations. You can register an international business address hassle-free and start operating legally in any part of the globe.  

This is especially beneficial for small business owners and startups looking to expand globally, as they can tap into coworking spaces or virtual spaces in other countries without investing in permanent office setups.

The Future Of Coworking Solutions in the Philippines

Coworking spaces have transformed the real estate landscape in the Philippines. The outlook is incredibly bright as they are fostering a cultural shift. As the country positions itself as a global hub for small businesses, it is adopting flexible work arrangements to enhance the startup culture and gig economy. With the increase in remote work and hybrid office models, many small businesses in the Philippines are on the lookout for flexible solutions that promote a collaborative work atmosphere.

Moreover, coworking spaces are also changing as per the needs of the hour. They are evolving as per users’ needs by integrating advanced technology, add-on amenities, virtual assistants, virtual offices, and much more. They are also focusing more on work-life balance for their customers and provide wellness, entertainment, and community-building opportunities within these spaces, making them more than just places to work. 

As more entrepreneurs, freelancers, and even larger corporations become part of the coworking community, the market is moving beyond the central area towards new and upcoming business districts of Cebu, Makati, and Ortigas. This expansion will not only bolster local economies but also create new networking opportunities and business ecosystems. Ultimately, coworking spaces in the Philippines are poised to become essential to the country’s business environment, driving innovation, productivity, and growth for years ahead.

Conclusion

Coworking spaces in the Philippines are a perfect professional environment for businesses, freelancers, and MNCs aiming to scale up. With their immense benefits like cost saving, flexibility, networking opportunities, and access to all amenities, these shared offices will continue to empower businesses to thrive without hassles. 
Whether you’re a startup, SME, or an expanding enterprise, coworking spaces provide the ideal launchpad for business growth in the Philippines. If you’re searching for the right coworking space to scale up your business, check out the Lgoconncets coworking space in the Philippines today!