Most coffee shops offering free Wi-Fi has proven to be effective for businesses, but restaurants becoming coworking spaces is taking this luxury to a new level.
Restaurants have started partnering with coworking firms to create a new work environment. With over 14,500 coworking spaces in the world and over 2.7 million square feet of office space in the U.S. alone, this venture makes sense in this demanding market.
Nation’s Restaurant News has reported a decrease in the restaurant business for the past couple of years, but offering coworking spaces at some restaurants during off hours, typically in the mornings and afternoons, could help spike the restaurant business once more.
While these restaurant coworking space hybrids cannot offer 24/7 access or state-of-the-art conference rooms, the benefits as opposed to traditional coworking spaces are reduced cost and increased visibility in their communities.
“Prices to use rent a restaurant coworking space usually range from around $125 for an unlimited access month-to-month plan, to less than $100 per month for an annual membership,” according to commercialcafe.com. “Buying food isn’t a requirement– in fact, other than offering free coffee, water, and tea, most restaurant kitchens aren’t open for business during coworking office hours.”
The benefits of these trending spaces are similar to what we already know– great networking opportunities, a stimulating environment, and an overall increase in restaurant business.