Coworking, found in shared workspaces across London and every major UK city, is a model where individuals and teams from different companies work alongside each other in one professionally run building, sharing the space, the facilities and often a social community. Rather than one business leasing and running its own premises, an operator equips and manages the building, and members buy access on flexible terms, from a single day to a rolling monthly membership. A coworking space is the building itself: typically a mix of open plan desks, private offices, meeting rooms, phone booths, kitchens and lounges, occupied by many businesses at once.
How a coworking space works
The operator carries the whole cost and effort of running the workspace. Fit out, furniture, superfast internet, utilities, cleaning, reception and events are all provided centrally, and members share them. Access is sold as a membership rather than a tenancy, so joining involves picking a tier, signing a short agreement and starting the same day, with no legal negotiation and nothing to install.
Most coworking spaces sell three tiers of seat. Hot desks give access to unassigned seats in the open plan areas. Dedicated desks reserve a fixed, personal desk with lockable storage in the same shared environment. Private offices are enclosed, lockable rooms for whole teams that still share the building's communal facilities. The tiers form a ladder, and members commonly move up it as headcount grows, without ever changing address. Most operators also run bookable meeting rooms and event spaces as a fourth, occasional tier, used by members and outside businesses alike.
The term shared office space is often used interchangeably with coworking, and for practical purposes they describe the same thing: professionally managed workspace occupied by multiple businesses at once. Estate agents and landlords sometimes use flexible workspace as a third label for the same buildings.
Separate CityFlex guides cover hot desking and the private office tier in more depth, and the flexible office space guide sets out the full market.