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The Gig Economy and the Growth of Coworking Spaces in 2022

Calendar Icon August 16, 2022 BY WorkSocial Press and Editorial

There is nothing quite like the feeling of owning your own business. Even today, small to medium business owners are considered the backbone of the US economy. All over the country, people choose to take risks and open their own businesses, where they are the sole proprietors. These businesses can range from a café, a garage, a print shop, small advertising or legal firm, and so on.

For millions and millions of Americans, owning their own business has always been a dream. Over the last 10 years, reality-TV shows like Shark Tank have even brought this dream to the fore. These kinds of shows have highlighted the entrepreneurial spirit in the heart of America, an enthusiasm shared by so many of its citizens.

However, whenever one thinks of starting their own business, there is also an element of risk involved. There are various financial considerations. One usually has to take a loan and put up some collateral to get the seed money needed to get the business off the ground. This money could be put towards the rent for a physical location, inventory, hiring employees, and many other miscellaneous items.

However, things have changed with the dawn of the latest chapter in the information age. Today, you can still have an entrepreneurial spirit and a drive to work for yourself, that is to say, the purpose of being your own boss, and you can do so without having to take many of the inherent risks that go along with having to start your own business. What are we talking about? Well, the gig economy, of course. So, what is the gig economy?

With the coming of the information age, we saw a growing trend where freelancers began to be hired for specific projects. In the days of old, being a freelancer would have a negative connotation because the implication would be that you did not have a steady and reliable source of income. Today, that paradigm has changed completely. One could be a freelancer and make a lot more money than one would be able to if one were an employee on the payroll of a single company. This fundamental shift in thinking toward hiring freelancers on a more regular basis and being accepted by the overall corporate infrastructure has led to a massive rise in the number of individuals that want to work for themselves and has thus given birth to the gig economy.

So what is the fundamental difference between the gig economy and somebody that works in a regular job? Well, for starters, anyone participating in the gig economy is free to work from wherever they choose. They can either choose to work from home or, as more and more people that are part of the gig economy have chosen, they can choose to work in a coworking space. You may not know this, but earlier, coworking spaces were few and far between, but in the last decade, that is to say, from the year 2012 to the year 2022, coworking spaces have grown by more than 1,000%1. This means that there is probably a coworking space near you, regardless of where you live, and you may not even be aware of it.

People working within the gig economy tend to preferably rent a coworking space because it allows them a higher level of flexibility and freedom. They do not have to spend money hiring an office and equipping it. They can walk into the coworking space, choose from any of the highly customizable pricing plans available to them, and get to work. As of 2022, all suitable coworking spaces give their members access to all the necessary infrastructure, including a great Internet connection, breakout rooms, conference rooms, private meeting rooms, entertainment, snacks, and much more.

Regardless of whether you are looking for a coworking space and meeting room in Jersey City, New Jersy and New York on the East coast or a meeting room and coworking space on the West Coast, in an area such as Los Angeles,you can rest assured that you will find what you are looking for.

Conclusion

The gig economy is here to stay, and coworking spaces will become more relevant than ever. Some of the best coworking spaces in the country can be found in the coworking landscape of cities like Los Angeles, New York, and Jersey City. If you are a freelancer part of the gig economy, you will find coworking spaces best suited to your needs in these areas.

FAQs

Is there a difference between coworking spaces on the East Coast and the West Coast?

As of 2022, most great coworking spaces have made sure that the experience they provide is exceptional and equitable across all the locations they are in. Whether you are looking for coworking spaces in Los Angeles, New York City, or Jersey City, make sure to focus on choosing a trustworthy brand of coworking spaces.

As a part of the gig economy, how do I choose the suitable coworking spaces for me?

Make sure you do your homework and look for coworking spaces that cater to your specific needs. Suppose you are in the area where you plan to take up a coworking space. In that case, you may even consider going and visiting the various options available to you, seeing the facilities first hand, and then coming to a decision.

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