A common misconception is that if you really want to get work done, you should go to an executive suite rather than a coworking space. On the other side, the simple idea of coworking is suggesting otherwise: independent professionals and those with workplace flexibility work better together than they do alone. Coworking spaces are about community-building and sustainability. Participants agree to uphold the values set forth by the movement’s founders, as well as interact and share with one another. An executive office is a set of individual offices sublet from a larger suite of offices. The executive suite proprietor rents entire floors (or buildings) and leases the smaller office spaces or workstations to businesses that don’t need, or can’t afford, large space.
While the difference might not be visible in level of professionalism, we identified a few other differences:
Price: Coworking spaces are generally cheaper than executive offices. Especially for individuals, start-ups and small companies it makes sense to rent a desk or office space in a coworking space to save money and make use of the other benefits a coworking space has.
Community: Coworking spaces focus on the community. The office space is used for networking, corporations, events and workshops for all members. This is different in executive offices. The executive office space is only used as a facility. Especially for start-ups and entrepreneurs that are interested in networking and cooperating with other firms, a coworking space will be more convenient. It is also useful to get help from coworkers in different industries.
Privacy: If you want to have a lot of privacy, you should choose an executive office. In coworking spaces, you will sit next to other members of the space and you will have your phone calls next to them or you have to go a separate room. Executive offices are more private. The disadvantage of this privacy is that you will miss all the networking and collaboration opportunities.
Creativity and Productivity: Coworking spaces will definitely help you get more creative. It is very helpful to hear the opinion and the ideas from other coworkers outside your company. It will also boost your productivity. You will keep on working when you see that everyone else in the room does the same. Seeing the success of your co-members will also have a positive impact on your productivity as you do not want to be the least successful person and so you will keep on working hard.
All in all it can be said that companies and freelancers that are interested in networking and cooperating with other companies should choose a coworking space while companies and freelancers that have many sensitive calls and do not need and want help from others should work in an executive suite.