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Co-working spaces boom in popularity

Co-working spaces seem to have all the things you liked most about working with others without any of the annoying drawbacks. 

Co-working spaces, which include business incubators, are increasingly common because of the many benefits associated with sharing an office environment – the biggest of course being the money you save. They are also popular with major businesses as secondary locations – especially in sprawling areas like South Florida.

Co-working spaces have also been shown to increase creativity, networking and collaboration with others. While the benefits of communal workspaces are many, there are a few drawbacks as well.

THE PROS

” Collaboration: Businesses in co-working spaces are incredibly diverse, ranging from the startup, freelancer, and artist to the small business and large multinational. They typically all have this in common: they want to learn from other entrepreneurs, and grow their business. Collaboration is a natural by product.

Affordability: Office sharing generally costs substantially less than renting a traditional office space and makes more economic sense if you are a start-up with a small budget, or a freelancer just starting out. Aside from the money you’ll save, you won’t be forced to sign a long lease.

” Amenities: Co-working spaces give you access to amenities that you may not otherwise be able to afford. While Wi-Fi and access to conference rooms are fairly typical, other more luxurious amenities can include gyms.

” Educational programming: Many co-working spaces provide educational seminars and lectures that appeal to their members or customers. Depending on the particular industry or niche, a workspace may host seminars for entrepreneurs or lectures featuring local business leaders. 

” Networking: Communal work environments naturally lend themselves to more interaction and socialization which in turn leads to effortless networking.

THE CONS

” Distractions: The socializing aspect of co-working spaces can work for or against you depending on your personality and the manner in which you work. If you are the type that is easily distracted, a co-working space may not be for you. 

” Conflicts and Competition: Your co-working environment should generate a lot of positivity and productivity but disputes break out in all kinds of environments. For instance, if you find yourself in direct competition with those in close proximity to you – a conflict could arise. 

” Cost: Although co-working spaces are generally more affordable than private spaces, some co-working spaces can still be pretty steep. The range is generally $300 to $600 a month but sometimes they can run as high as $900. 

For more business tips, visit SFBWmag.com and click on Knowledge Center under the Departments heading at the top of the page.?

 

Co-working spaces in South Florida

LAB Miami – An incubator by LAB Miami and the Knight Foundation https://thelabmiami.com/ 

Pipeline” A high-design shared workplace in Miami https://www.pipelinebrickell.com/ 

Venture Hive – An incubator in Miami
www.venturehive.com 

WeWork – Coming soon to Lincoln Road
https://www.wework.com/locations/miami/lincoln-road

Axis Space – A co-working space on Las Olas in Fort Lauderdale  https://axisspace.com

Startup Delray – Supporting entrepreneurship in Delray Beach www.twitter.com/StartupDelray

FAU Tech Runway – A public-private partnership fostering start-ups https://techrunway.fau.edu/ 

Miami Entrepreneurship Center – Miami
https://mec261.com/ 

Miami Innovation Center for Entrepreneurship (MICE) – Incubator, Coworking Space, Education
https://www.261miami.com/

 

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Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.