Free breakfast, scooters, and yoga classes--perks at co-working spaces are keeping up with the most progressive offices in the country.
According to a recent article in The Wall Street Journal citing research by the Commercial Real Estate Development Association, there was only one co-working space in the U.S. in 2005. By 2013 there were 781--and they’ve become so much more than just a room with Wi-Fi and a printer.
Village Workspaces in Los Angeles, WSJ reports, offers morning meditation, massages, and free blowouts. Workbar in Boston hosts free poker nights, potluck lunches, and movie nights. And some workspaces, like Indy Hall in Philadelphia, even schedule group vacations for workers.
This is good news not just for individuals, but for their companies as well. While working remotely may be a perk in itself, a lot of larger companies that are trying to implement workplace perks to improve morale and productivity don’t have much control over remote employees’ day-to-day satisfaction.
Small companies that may not have the staff or bandwidth to plan events and offer perks also stand to benefit. For $250 per month on average, letting the co-working space take care of the logistics and find out what works--and what doesn’t--relieves a significant administrative burden.
According to a 2013 study by the University of Michigan’s Ross School of Business, employees at 40 co-working locations reported higher satisfaction than co-workers at corporate offices, WSJ reports. Without the office politics, outings and other events are true social time for co-working tenants. And some events, like the monthly pancake breakfast at Link Coworking in Austin, TX, are designed to accommodate parents who need to leave work in time to get home for dinner.