If you live in NYC or have visited the city, you understand the true extent of just how busy this place is. New York City is by far the largest city in the United States, with over 6 million residents in the area.
While that already sounds like a ton of people in one place, when you think about the number of remote workers in the city, that number gets even more substantial. The world of remote work is growing at an insanely fast pace as the gig economy become more prominent than ever before.
With so many people leaving office life behind, the question then becomes, “where do these people work?”. While working from home is always an option, many people are looking to get out in the city and work in engaging environments with their peers. Welcome to the world of coworking.
The Age of Coworking Spaces
Coworking spaces have been taking the world by storm lately, and as such, we’ve seen companies across the globe cash in on this trend. What can we attribute to the success of these spaces?
There are many reasons why coworking spaces have been gaining so much popularity as of late. Arguably one of the biggest reasons for this is the expansion of remote work and the gig economy. As more people leave office work behind, they’re still looking for spaces where they can work alongside like-minded individuals.
NYC is a major example of the success of coworking spaces. From major chains to unique niche spaces, the coworking scene of NYC is bustling and is only going to grow from here.
There are currently 245 coworking spaces in New York City alone. These spaces make up about 7.7 million square feet of total combined space. This number is only expected to grow with the continued influx of workers and demand for coworking spaces in the NYC workforce.
What Makes a Good Coworking Space?
So, 245 is a pretty significant number. With so many different coworking spaces in NYC and beyond to choose from, how can a coworking hopeful like yourself decide which one is right for you? To make that decision, you must first breakdown a few questions.
1. What do I want to get out of a coworking space?
One of the biggest questions that coworking newbies should ask themselves is what they want to get out of a coworking space? One of the biggest coworking space perks is the ability to work in a new and engaging location. Upon deciding which coworking space is right for you, you could also think about what perks or opportunities you may like. Many coworking spaces offer a variety of interesting perks and networking/mentorship opportunities for their members.
2. How much do I want to pay?
Another major factor in deciding which coworking space is right for you is the amount of money you want to spend. Coworking spaces vary widely in price, and with 245 different options in NYC, there may be something for everyone’s budget.
3. What kind of work do I plan to do?
Another thing to think about when comparing coworking spaces in NYC is the kind of work you want to do. If you’re an artist looking for a studio, your definition of the perfect coworking space may be very different than someone looking for a quiet office to do paperwork. Figuring out your needs and wants when it comes to finding a coworking space can save you both time and money in the long run.
Best Coworking Spaces in NYC
The city of New York is highly diverse with many professionals spanning a variety of different industries. It only makes sense that the city would have a coworking scene that reflects this divisiveness.
WeWork has 44 locations in New York City Alone. From Manhattan to Harlem and everywhere in between, WeWorks are continually popping up throughout the Big Apple. New York City WeWork pricing varies based on the location you choose.
Individual membership prices range from $350 per month to $1,000 per month.
For teams and small businesses, the price rises further with monthly costs ranging from $1,200 to $27,000 per month. (yes, as in actually twenty-seven thousand dollars PER MONTH.) However, if you’re a successful startup or small business, and you’re not in the mood to fight NYC’s crazy real estate market, then a WeWork may still be the way to go.
2. The Farm
The Farm, a local coworking space, offers rustic features partnered with advanced technology. The Farm is a welcome reprieve for anyone looking to escape the hustle and bustle of life in NYC. Private desks cost $345 per month while shared desks cost $179 per month. Daily passes are also available for $25.
If you’re working in the tech industry, building your own app, or just have a love of coding, you know the importance of working alongside like-minded and motivated tech-talented people. Brought to you by the actual coding bootcamp, Galvanize is both a coding bootcamp and a coworking space.
With students constantly moving about the space, you’ll be surrounded by some of the brightest minds in tech. Located in West SoHo, this coworking space is perfect for tech-minded, motivated individuals. Open seating starts at $399 per month, reserved desks are $699 per month, and private suites are $1,700 per month.
Remember how we said coworking spaces are expensive? Well, not all of them are completely out of budget. Spacious aims to convert old restaurants into convenient coworking spaces. With 14 locations around NYC, Spacious aims to provide a productive and motivational space for young professionals to work. A subscription costs only $99 per month on an annual plan with day passes being offered for $24.
At Neuehouse, you’ll find a collective of artistically driven people hailing from a variety of backgrounds and industries. This luxurious five-story complex is located in Madison Square Park. Monthly fees range from $150 for communal workspaces to $4,500 for private studios.
What’s the Takeaway?
The world of coworking is growing at lightning speed and shows no signs of slowing down. As the gig economy continues to rise in popularity, many are leaving the days of cubicles and office spaces for the luxury of working from home and in coffee shops.
Even with their newfound freedom, many remote workers are looking for opportunities to work in office settings that provide flexibility and networking opportunities. That’s where coworking spaces come in!
These spaces offer a variety of opportunities to workers across multiple industries. As you continue on your professional journey, you’ll most likely continue to see the rise of coworking spaces both in big cities and even in rural communities throughout the world.