November 25, 2016 IBOMLLC Team

Why The Growing Popularity of Co-Working Space around the World?

Why The Growing Popularity of Co-Working Space around the World?

Innov8tiv
Innov8tiv – Blacks In Technology in USA, UK, Caribbean Islands & Africa

Co-working space seems to be sprouting up all over cities in Africa. It would be hard to imagine how people made do without them about a decade ago when there weren’t any! Especially startup companies and entrepreneurs on a shoestring budget.

Co-working spaces have really redefined our perception of office work, and the cost associated with it. Most cities and town across Africa are experiencing a surging population, leading up to real estate market boom. Property prices and rental commercial office space are increasingly becoming expensive. Leaving small and medium enterprises (SMEs), especially those in the startup stage and without a financier with deep pockets, find the cost of renting out an entire office space out of reach. Not to mention the crowding out effect from bigger and well-established corporation. Landlord prefers leasing or renting out to financially sound companies.

The main market for Co-Working Space

There is a growing number of freelancers around the world. As work become more and more digital, companies are finding it cost effective to outsource some of their non-crucial tasks to outsiders. The freelance market is poised to grow even further in …read more

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