For companies looking for an office that doesn’t weigh to heavily on the wallet, coworking spaces have been the perfect solution.

Due to this, the coworking option has often been incorrectly viewed as a transitional office solution meant for startups not quite ready to rent their own space.

However, while coworking spaces are brimming with the infectious entrepreneurial energy and drive that startups inspire, more and more large corporations have been moving in and calling them home

The reason for the shift is simple – the pros list of switching to a shared office space is quite lengthy.

Here are but two of the top reasons that large companies are making the move from private high-rise offices to coworking spaces:

The Presence of Innovation

Most powerful companies have been established for many years, and everyone knows that it’s quite common for the large ones to stick to their specific way of doing things. When confined in a private office, it’s easy to stick to the status quo.

In coworking spaces, however, innovation is at its peak. Remember that infectious entrepreneurial energy we mentioned before? Successful startups are constantly seeking out new ways to do things, and testing multiple strategies to achieve their goals.

The ability to observe and be influenced by a community of hardworking and inventive individuals is invaluable, and larger companies have caught on to this fact.

Speedy Expansion

The goal of most businesses is to expand in order to earn more profits. With coworking spaces, companies can open new divisions in different cities without the hassle of having to sign a long-term lease.

Additionally, if a large out-of-town client requires a ton of attention, big companies may deem it worth sending an employee to the client’s city to work remotely for a determined amount of time.

Why Project Spaces is Ideal

At Project Spaces, we are home to a wide variety of inspiring and successful companies. Since founding in 2011, it has been our mission to build Toronto’s strongest and most diverse community of entrepreneurs, freelancers, and remote workers.

Our modern open-concept workspaces are filled with different companies of all shapes and sizes that have one major thing in common – they hustle, hard.

If you’re large company is looking to take the leap into coworking, contact us today to book a tour!