There are plenty of factors to consider when choosing a cowork facility. Things like location and ease of transportation, cost to rent space, technology and infrastructure, and amenities included will probably play into your decision. Here, we highlight why location and network are two of the most important considerations when choosing a cowork facility.
A Convenient Location is Key
Traditionally, tech companies and startups have stationed themselves in the heart of big cities like Toronto and Vancouver. However, that’s all changing — many tech companies are now seeing the value in relocating to the suburbs.
Companies are increasingly attracted to suburban office markets because rents for class-A space there tend to be significantly lower than in urban settings. This is an ideal option for smaller or early-stage tech companies and startups. Offices in suburban areas provide an affordable alternative to the big city and allow for a healthy work-life balance all while maintaining the convenience and amenities that downtown offices offer.
It’s crucial for facilities to be easily accessible via various forms of transportation, whether workers choose to take the train or the highway to work. Being near to transportation hubs also allows for easy access to and from downtown. Whether meeting clients or business partners, it’s handy to be able to invite guests to your space or travel to the city with ease.
A Network to Support Your Needs
Having access to an internet connection simply isn’t enough in today’s work world. According to WiredScore, over 90% of Toronto office workers struggle with connectivity issues, causing productivity to take a big hit. Toronto’s startup scene is thriving, with a 33% increase in the tech workforce between 2011 and 2016—meaning the importance of having a fast, reliable network is only going to grow.
Here are a few questions you can ask to determine whether a cowork facility’s technology will meet your business needs:
- Is the network secure?
- Will I be on a public network?
- What are the network usage restrictions?
- Does the facility have a dedicated IT person in case of any issues?
- What is the guarantee for bandwidth?
Some people have more robust network needs than others, so it’s important to consider how you will use the connection. For example, if you’re a web developer, or use video conferencing frequently, you may require a faster internet connection. If you’re thinking about using a shared office space, ask the facility about the network speed, security, and any usage restrictions.
The Bottom Line
There are plenty of reasons why startups and tech companies are thriving in cowork facilities. Just make sure you do your research to ensure that the facility has the infrastructure to support your needs, and a convenient location that will work for your employees and business partners.
alternawork is a dynamic cowork facility serving the thriving tech community in the Greater Toronto Area (GTA). To book a tour or discuss your office space needs, contact us today!