Coworking Spaces Glossary

The coworking industry is rapidly evolving and new glossaries are coming into use every day. Not many people exactly understand the technical terms when they start their journey in a coworking space.

This is the idea behind this article- get together all the coworking jargons no matter you are joining an Innov8 coworking or any other branded coworking space.

Accelerator- An accelerator works as a program that is responsible for accelerating the growth of externally developed ideas and work for 3 to 4 months. Mostly, they provide capital expenditure, networking opportunities, coaching, workspace and administrative support.

Community

In the shared workspaces, a community is the relationship between staff members, workplace and members have maintained with each other. A community should be caring, motivating and collaborative with each other.

Community Manager

A community manager plays a crucial role in the working of a coworking space. They help in facilitating interactions between the members and organize events for them to socialize as much as possible. All in all, their main role is to keep everyone comfortable at all points in time. They are highly responsible for making everyone’s professional journey an unforgettable one.

Coworkers

Coworkers are the people with whom you share your workstations. At a coworking space, there would be multiple companies working together. You might not have an idea that your neighbour might be a creative artist or entrepreneur. Here, you would find individuals from a host of backgrounds and fields.

Dedicated Desk

A dedicated desk is a personal desk in a coworking setup. Such desks will usually cost higher than shared workspaces. These spaces allow members to set up at the same spot every day and promises to offer an open seat available always.

Event Space

Coworking spaces offer areas for organizing events for both members and non-members. These spaces provide an additional source of income to the operators as they remain empty almost throughout the year.

Flexible Workspace

This is a workspace that is fully furnished and ready to be used at any point in time. They offer amenities like speedy internet access, reception area, meeting rooms, regular sanitization, lounge and more. With day, month and year pass, they offer multiple membership options.

Hot-Desking

Hot Desking is a type of office space where multiple members share a single desk at different points of time.

Incubator

Managed Office

A managed office space is a customized form of arrangement for organizations searching for a permanent base. Such spaces are preferred over traditional offices due to their benefits like meeting rooms, internet access, lounge, office supplies and more. They offer much flexibility in their membership plans.

Meeting/Conference Rooms

As the name suggests, meeting or conference rooms are those areas where crucial meetings take place. These are separated from other rooms so as to maintain utmost privacy and are equipped with ergonomic furniture as support. They are available on rent for short, medium and long lease terms.

Membership Plans

A coworking space offers multiple membership plans in order to take care of your specific requirements. Plans such as hot desks, dedicated desks and day passes are available at economical rates for the member community.

Serviced Office/Executive Suite

A serviced office is also known as an executive suite sometimes. It is a private office suite to keep utmost privacy and usually comes with all amenities as required by the client. These spaces are available to rent on a short, medium and long term basis.

Virtual Office

Virtual offices offer live receptionist services, meeting rooms and office spaces. Here, individuals can hold discussions with their clients in a virtual manner. Moreover, they offer services like cloud storage, mail handling, instant messaging, VoIP numbers and more.

Workstation

A workstation is a place where you sit and work with your laptop. They are usually fully furnished and offer plans for a day, month, week or even a year.

These are just a few terms out of the whole sea. The list is never-ending. Don’t forget to save this for later. Do share this list with other colleagues who are also new to coworking spaces just like you.