The Future of Austin Coworking

By January 16, 2018Austin
The Future of Austin Coworking

The future of Austin’s coworking community is looking bright.  The city boasts more coworking spaces than ever, and they offer entrepreneurs, freelancers, and companies a chance to experiment with a new model of work.  From changing the real estate market to providing job training for in-demand skills, check out how Austin’s coworking scene is changing.

Office Space Disruption

The plethora of coworking spaces in Austin has shaken up the real estate market, and shown small businesses and entrepreneurs the future of work environments.  For many self-employed workers, coworking spaces make more sense than traditional office space, both from a cost perspective and from a collaborative perspective.  They allow the self-employed access to a broader community and resources they would not otherwise have.

Coworking has its appeal for companies as well.  They can enjoy the same collaborative benefits as freelancers, and help foster innovation and creativity amongst employees.  The social nature of coworking spaces often opens workers to new ideas that might not have been possible in the traditional hierarchal model found at many corporate offices.

Real estate companies in Austin are seeing the impact of coworking spaces too.  Because smaller companies and individuals are turning to coworking spaces as an affordable alternative to a traditional office, landlords are working to catch up.  They hope that by offering more open floor plan arrangements and features that mimic what non-traditional spaces offer, they can lure some of these businesses when and if they become too large for coworking spaces.

More Niche Spaces

With all of Austin’s coworking spaces, there’s bound to be some competition.  WeWork, the mammoth coworking chain, has four branches in Austin alone and the funding to make smaller Austin spaces quake in their boots.  However, this provides the opportunity for more specialized spaces to cater to targeted segments of the Austin population. Journey Coworking, for example, emphasizes wellness and balances for its members with nap pods, a social room, and food trucks in addition to workspace (and not to mention they have free parking available!)  No matter your work style or industry, there’s a coworking space that can fit your needs and more opening all the time.

Creating Skills for Success

Austin’s entrepreneurs are also giving back to their fellow self-employed workers and providing them with the tools for success.  One such organization is Galvanize, a cross between a coworking space and vocational school, that offers courses in web development and data science at their Austin campus.  Their campuses span some of the country’s hottest entrepreneurial centers, from San Francisco to Seattle, and they’re on a mission to help students learn the skills they need to succeed in tech.  In addition to their full-time and part-time classes, they also offer an extensive mentor network to educate startups on any questions regarding business ownership.

Are there any trends in Austin’s coworking community that we missed?  Let us know!

About Guest Author

Caroline Gillan works on behalf of HeadSpace Dallas, a coworking community for creative professionals in North Dallas.

Author Vijay Mehra

Vijay is the founder of atx FACTORY, a 14,000-square-foot Austin workspace that combines co-working and lifestyle amenities. Prior to starting up atx FACTORY, he spent more than eight years leading REthink, which helps real estate firms digitize their processes. Vijay wrote the original version of the software and bootstrapped the business with just $2,000 in savings and transformed it to be a major player in the Residential and Commercial Real Estate Space.

More posts by Vijay Mehra

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