What is Coworking? — Money Crashers

Photo Credit: Informedmag Flickr via Compfight cc

 

Coworking is an office-sharing arrangement between individuals and (sometimes) small businesses. In some cases, the arrangement is very informal: A business owner who owns or leases a too-large office space then sublets desks and offices to others. Coworking spaces also operate as formal businesses, renting out desk and office space to freelancers, telecommuters, and even business travelers. Operation models vary, with some coworking businesses charging daily, weekly, or monthly rent, while others sell memberships that allow the member to make use of the workspace and its amenities. Coworking spaces usually don’t use long-term membership contracts or leases.

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