Is coworking really the future? | CNBC Explains

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  • čas přidán 30. 08. 2017
  • The demand for coworking spaces is surging around the world, with even corporates now getting into the game. CNBC's Uptin Saiidi explores why.
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Komentáře • 189

  • @danabram
    @danabram Před 5 lety +89

    Whatever happened to the days when startups began in someone's garage

    • @MAG320
      @MAG320 Před 4 lety +1

      It evolved due to the big names giving out seed money.

    • @denobregamkc746
      @denobregamkc746 Před 4 lety

      ask to jeff bezos

    • @marufio
      @marufio Před 4 lety

      This is Softbank's doing masa son created this. Even if startup goes belly up the founders walk away set for life.

    • @marufio
      @marufio Před 4 lety +1

      Working out of a garage is an essential ingredient to eventually being an Apple or Amazon. Nowadays startups have lavish jets and throw massive parties.

    • @LatinMessiah
      @LatinMessiah Před 4 lety +8

      Garages now are converted to bedrooms due to high rent.

  • @johnball2308
    @johnball2308 Před 4 lety +54

    It was the noise and distractions that drove me out of co-working and into a private office hire. I love the concept but not the reality.

    • @michaelxz1305
      @michaelxz1305 Před 4 lety +5

      haha I saw a video of a programmer in Seattle - a wework - with a private office and he was really proud of his noise cancelling foam that he had installed covering all available wall space. I thought... ok, that's one way to do it

    • @fpvillegas9084
      @fpvillegas9084 Před 4 lety +1

      Well I guess it's not for everybody. Different folks with different strokes. 😎

  • @seoforlife
    @seoforlife Před 4 lety +8

    🤨 Why not just build a business from home? With no distractions, no monthly payments, no driving, no commuting, and no time wasting. You can socialize with your friends on weekends, go to Starbucks for coffee if you must get out for a while, and you network JUST AS WELL from your computer!!! It’s 2020...! Focus kn building a business, not a group of cool friends who spend money monthly that could be going back into their startup! Just saying.

  • @coolerking7427
    @coolerking7427 Před 6 lety +42

    Silicon Valley is not all now. You can work anywhere as long you have the skills, equipment, and good internet.

    • @emanuelriquelme9869
      @emanuelriquelme9869 Před 4 lety

      also you need invesment and you are taking for granted that in america is kind of easy to set up a start up but in many countries takes a lot to be desire so silcon valley is the best option

  • @melquiadespabillare6713
    @melquiadespabillare6713 Před 3 lety +5

    This video was two years ago...work from home is a must today because of the pandemic.

  • @lucozade8373
    @lucozade8373 Před 6 lety +55

    Thing is, these spaces are mainly in main cities such as London, New York... Which are already very expensive to set up/live in

    • @CNBCi
      @CNBCi  Před 6 lety +4

      That's a great point. Where would you like to see more of these spaces?

    • @vibhorchauhan8674
      @vibhorchauhan8674 Před 6 lety +9

      CNBC International...small cities where there is a lot of scope for entrepreneurial development and growth.

    • @jeromechang5253
      @jeromechang5253 Před 6 lety +4

      It's really tough. Operators need to know there's sufficient demand for sufficient scale. Meanwhile, big landlords who can help finance these build-outs are less often in smaller cities. If smaller cities want to get on the map, the city itself may have to lead this effort, rather purely from private entities.

    • @Con10der10
      @Con10der10 Před 6 lety +1

      Start your business here in Manila... You can start with Builtable Coworking, builtable.co.

    • @fwefhwe4232
      @fwefhwe4232 Před 6 lety

      I live in a tier II city in India. Here I pay about ₹3500 per month (75 usd a month per seat).
      Optimizing resources should never stop

  • @Zenbooth
    @Zenbooth Před 6 lety +13

    We believe in co-working spaces! We also help keep the balance between social work time and quiet spaces when you need them the most!

  • @bobbobby2092
    @bobbobby2092 Před 4 lety +10

    Coworking is just one of the buzz words.
    It emerges out of nowhere and vanishes like a cloud.

  • @Eric-zd3ym
    @Eric-zd3ym Před 6 lety +112

    Wework is definitely over-valued.

    • @robaustin_
      @robaustin_ Před 5 lety +1

      No it isn't. Real Estate almost always grows in value over time, that's all Wework is.

    • @IntellectCorner
      @IntellectCorner Před 5 lety +2

      @@robaustin_ we work does not buy Real Estate.
      they just rent it.

    • @germaineio
      @germaineio Před 5 lety +3

      WeWork buys real estate, that's part of their business model. I definitely think it's overvalued though

    • @METin25vidEOS
      @METin25vidEOS Před 4 lety +4

      this answer aged well

    • @worawat_dot_com
      @worawat_dot_com Před 3 lety

      @@robaustin_ look how foolish you look now

  • @tatianabrown6456
    @tatianabrown6456 Před 5 lety +10

    Constant stress which is invisible+ constant distractions,companies want to save money at the expence of the health of the workers,so people should fight for their rights and not swallow such "improvements"

  • @TsetsiStoyanova
    @TsetsiStoyanova Před 5 lety +3

    very intriguing!

  • @triyantoprabowo8996
    @triyantoprabowo8996 Před 5 lety +15

    My office was open space and I barely contrate most of the time, so I just plug earphone to minimize the distraction, yet it works but sometimes workmates sometimes just distract me.

    • @NR-gp2il
      @NR-gp2il Před 4 lety +2

      Facts and often these have bad design ergonomics wise and such.

  • @josefinschwartz8309
    @josefinschwartz8309 Před 5 lety

    CNBC is the king of youtube! Honestly

  • @wesleymeijer4261
    @wesleymeijer4261 Před 4 lety +3

    There are plenty of good co working spaces including good office chairs and where people come to really focus on their work. But also a lot (example Wework) where the vibe is more important than the work itself.

  • @phxlkhen6326
    @phxlkhen6326 Před 5 lety +2

    This is one of the best informative youtube show I know.

    • @aries5591
      @aries5591 Před 5 lety

      Informative youtube channel to subscribe, if you wanna add..

  • @MohanadKhuraishi
    @MohanadKhuraishi Před 4 lety +1

    Uptin's videos are always well made

  • @JaiKrishna787
    @JaiKrishna787 Před 6 lety +9

    Your videos are really awesome CNBC International.
    I ❤❤❤❤ your channel, truly. 😘😘😘

  • @heikokolz
    @heikokolz Před rokem +2

    Coworking spaces may be gaining popularity, but it's important to critically assess their long-term viability. They may not suit every profession, can be expensive, and the rise of remote work raises questions about their future relevance.

  • @juniorlsdmusic
    @juniorlsdmusic Před 4 lety +5

    Who came here after seeing the downfall of wework?

  • @tylers5405
    @tylers5405 Před 6 lety +3

    It is very hard to run a startup like this without a good loan or inheriting a lot of money, especially where these places are, which is in big, EXPENSIVE cities.

    • @SimFoxSim
      @SimFoxSim Před 6 lety +1

      "Srart up like this"... start up like what?

  • @Housestationlive
    @Housestationlive Před 5 lety +2

    @3:53 i remember this clip on shutterstock xD

  • @kennethfong4797
    @kennethfong4797 Před 5 lety +7

    Any other landlord can apply the same business model...

  • @goutamighosh-basu8543
    @goutamighosh-basu8543 Před 4 lety

    Incredible , thanks

  • @amiami3540
    @amiami3540 Před 6 lety

    Always very useful video

  • @eastcoast4233
    @eastcoast4233 Před 2 lety +2

    This is so out of date, especially after the WeWork IPO disaster.

  • @pankajprasar
    @pankajprasar Před 4 lety +1

    It is a great idea.

  • @pratikshrestha1026
    @pratikshrestha1026 Před 6 lety +3

    Really a good idea. thinking to start in my country.

    • @myindia_news
      @myindia_news Před 5 lety

      Pratik I have a similar idea ,if interested to discuss let me know.

    • @AdityaSingh-oe7bz
      @AdityaSingh-oe7bz Před 5 lety

      @@myindia_news oyo has already opened and acquired some co-working space

  • @socialt.socialmediaagency7250

    If you're an independent contractor, coworking spaces are definitely worth at least looking into!

  • @goddesstemplecacao4289
    @goddesstemplecacao4289 Před 6 lety +6

    So great! I also work in a co-working space and I love it! Such a great environment and to be productive!

  • @DailyZindagi
    @DailyZindagi Před 5 lety +2

    I don't think co working is the future for long. The reason is cost. Its against the overall concept of Entrepreneurship or Startup. Yes might be a good option for large companies. In major towns the cost of a hotdesk is as high as 25k INR per month. And if you have a team of less than 20 people there are no special pricing. So just imagine 4 people are paying 1250 USD at the start of business. Its killing.

  • @nischalkoirala994
    @nischalkoirala994 Před 4 lety

    what what a nice choreography. who is the director of this video?

  • @demdecuong
    @demdecuong Před 5 lety

    Wework at south korea ?

  • @kunalpatil442
    @kunalpatil442 Před 4 lety

    Great idea u can really grow fast

  • @pabloperez1896
    @pabloperez1896 Před 3 lety +1

    I prefer the traditional offices

  • @beryllium504
    @beryllium504 Před 6 lety

    Why did SE Asia did not include Philippines?

  • @LS-Berliner
    @LS-Berliner Před 4 lety +2

    Using WeWork as a major point in this video is pretty disconcerting given recent events.

  • @abdullahimusa9761
    @abdullahimusa9761 Před 6 lety +10

    I love your content, why don't you upload daily?

    • @CNBCi
      @CNBCi  Před 6 lety +8

      We love that you love our content. We are actually in the process of building up to uploading daily. Just a few more team members to get in place, and you'll see a lot more from us!

  • @Die2FlashpackerReiseblog
    @Die2FlashpackerReiseblog Před 4 lety +1

    Co-working is the perfect way for me to be able to work concentrated during my travels. I have also met many great people in Co-working Spaces.

  • @SantiagoHernandez-pv3xy

    Nice

  • @ricknoisable
    @ricknoisable Před 3 lety +1

    tell you something what destroys productivity is working at home you get depressed, lonely and want to sleep all day, I'll try coworking this time

  • @brunodosreis
    @brunodosreis Před 4 lety

    4:05 true

  • @overthemoonflorist9135

    They say they need co work place to work efficiently , no distractions from home and noise. But eventually it's like u work with people around from different startups but obviously there's noise and talking and discussions done which will gradually disturb ur mind. also if u work from home then there's no queue over there to have coffee or at dining area where u can find the same in such co work place. NOT FOR ME. I would rather prefer home .

  • @Readyplayer11
    @Readyplayer11 Před 3 lety +3

    Nope it's working from home

  • @AriVovp
    @AriVovp Před 5 lety

    And at the end of the day. My overhead is ways beyond my means for living the lifestyle

  • @joshuaojo-aromokudu4176

    I love Uptin! You can tell he is a true creative

  • @-ShootTheGlass-
    @-ShootTheGlass- Před 2 lety

    How are these spaces affected by COVID-19 and the restrictions surrounding it? Are they still seen as a good idea?

  • @alejandrojerez1492
    @alejandrojerez1492 Před 5 lety +4

    I like to co-work at my local starbucks!

    • @cgasucks
      @cgasucks Před 4 lety +2

      I like to co-work at my local library! A lot cheaper than Wework!

    • @ezekielteguh4241
      @ezekielteguh4241 Před 3 lety +1

      @@cgasucks true, a lot cheaper and performance

  • @dunggg
    @dunggg Před 5 lety +3

    If WeWork launches an IPO I’ll short. Their business model will fail during a economy.

  • @ab1577
    @ab1577 Před 2 lety +1

    CV19: hold my beer

  • @RealManasBose
    @RealManasBose Před 5 lety

    I first read that CowWork 🤣

  • @CloutKoto
    @CloutKoto Před 5 lety +2

    315 a month ? HA! NO!

  • @firozjan3840
    @firozjan3840 Před 5 lety +1

    Even traditional office has open space and plenty of distractions. It would have been good to see comparison of time wasting with traditional office vs co working space.
    For small business this concept makes sense, imagine no brokers, no travelling to search for office, negotiation with owners, buying furnitures etc, no admin work (like tea coffee, opening/closing of office doors, security) ordering takeaway meals and plenty more (internet not working etc), These are real time wasters. THIS CONCEPT IS HERE TO STAY AS THERE IS SAVINGS AND BENEFITS FOR ALL.

  • @yvesdatduda
    @yvesdatduda Před 4 lety

    cost of of those tiny private offices is just ridiculous ..all because they give u free internet

  • @Con10der10
    @Con10der10 Před 6 lety

    Philippines is one of the fastest growing economies here in South East Asia. If you guys are planning to start a business here, you can start at Builtable Coworking, visit their site at builtable.co.

  • @ramgenesistam1008
    @ramgenesistam1008 Před 5 lety +1

    2:11 when you highlighted southeast asia why is the Philippines not included?

  • @adamkchew
    @adamkchew Před 6 lety

    Croissant it.

  • @pyroromancer
    @pyroromancer Před 4 lety +1

    nah the most brilliant of technology geniuses prefer never meeting you in person and prefer private spaces.

  • @xmmedia_9400
    @xmmedia_9400 Před 4 lety

    I work in we work & Iam happy to be a part of it

  • @derrickmutuma7185
    @derrickmutuma7185 Před 3 lety

    Why is the boom unstoppable?

  • @fredericfrendson
    @fredericfrendson Před 4 lety

    Background music a little bit too loud and annoying

  • @SaceedAbul
    @SaceedAbul Před 3 lety +3

    Covid: No you peasants

  • @squarebet6653
    @squarebet6653 Před 5 lety +3

    Shared office suite rentals have been around a long time; wework just calls it "coworking space" and added nice graphics, coffee and beanbags. Very easy to copy the concept and cut the prices. I don't think this will work long term.

  • @wblake1
    @wblake1 Před 5 lety

    I'll buy that for a dollar! :)))

  • @ariodanurdorowidodo9599

    2:10 Papua is Indonesia, therefore they are South East Asia !!!!

  • @bigaluk1980
    @bigaluk1980 Před 6 lety

    Happy tot talk to anyone here about coworking and it's impact. You can reach out via my LinkedIn page search 'Alex Ahom'.

  • @minhazulislam4682
    @minhazulislam4682 Před 4 lety +2

    well well well, corona had something else in mind.

  • @mrnobody-cf6il
    @mrnobody-cf6il Před 6 lety +6

    Why not doing that in a cafe?

    • @hibaimene9684
      @hibaimene9684 Před 6 lety +3

      becauuuuuuuse , in coworking spaces you can CO work :p seriously, you'll have a chance to meet up with all kind of experts, startuper, designers... and you can have meetings with customers, expecially for a freelancer who needs a stable place to have people in :D

    • @mrnobody-cf6il
      @mrnobody-cf6il Před 6 lety +1

      Hiba Imene I can doing all that in a cafe

    • @SimFoxSim
      @SimFoxSim Před 6 lety +2

      none of what you have described is actual work. It's more like playing/pretending to work.

    • @SimFoxSim
      @SimFoxSim Před 6 lety +2

      You sure can. Cause you are a sensible person. Unlike those wanna bees who feel up those "special" places "waiting to meet experts"...

    • @mrnobody-cf6il
      @mrnobody-cf6il Před 6 lety

      Yup. A real bussinessman always thinking about lowest cost.

  • @penhtola351
    @penhtola351 Před 4 lety +1

    Most of those entrepreneur will probably never big in this type of working space.

  • @christinawetzel7115
    @christinawetzel7115 Před 6 lety

    Beachworx just launched in a suburban area on the Florida Panhandle's Emerald Coast! Our founder, who is based in Atlanta where CoWorking places are thriving, recognized this need as well. Beachworx mission is set exactly to match your call out....these spaces, so far, are in larger metropolitan areas. Our CoWorking Space is located a block from the beach. For career professionals who can work remotely part of their time or during their extended family vacations at the beach, we are perfect. Locals benefit in having extreme flexibility in terms and rates and prime location in the heart of Destin. We will be launching more CoWorking spaces in ideal suburban areas. Check us out at www.thebeachworx.com.

  • @multidimensional_holographer

    And they all live in same apartment floor. No escape.

  • @Housestationlive
    @Housestationlive Před 5 lety +2

    of course coworking is cheap you're surrounded by noisy teammates, if you're expecting it will increase your productivity, you're naive xD

  • @sonamsingh-xn1sj
    @sonamsingh-xn1sj Před 3 lety

    Ui

  • @dexter8843
    @dexter8843 Před 5 lety

    NO!

  • @blank.9301
    @blank.9301 Před 5 lety

    What are the quirky songs in this, lol?

  • @crystalyeow2911
    @crystalyeow2911 Před 4 lety

    很累,做不了事情.

  • @sonjabergmann5648
    @sonjabergmann5648 Před 6 lety

    Ein wirklich sehr gelungenes Video.
    Wenn Sie einen wirklich sehr ansprechendes Co-Working Space in Hamburgs Westen suchen, kann ich sehr gerne die Bürogemeinschaft Hamburg West empfehlen.
    www.bürogemeinschaft-hamburg-west.de

  • @John----Smith
    @John----Smith Před 4 lety +6

    Serious businesses and coworking space don't match.
    Look at these technophobes with their Apple crap.

  • @zoickn
    @zoickn Před 4 lety

    Yup....too much distraction. Cramp. Noisy.
    No privacy.
    Shen my client knows we E in coworking space, we are deemed to be small, insufficient and.....a joke.

  • @boypak3208
    @boypak3208 Před 3 lety +1

    Well this vid is not age well

  • @inezqtaish6467
    @inezqtaish6467 Před 4 lety

    Inez Qtaish is writing saying " GOD is strict punishing evildoers, punish abominators, evildoers who are fighting , lying , trying destroy me is not Trump.

  • @bernardoabdanur0
    @bernardoabdanur0 Před 3 lety

    I come from the future, of co-working is the future, it is not with wework.
    Now I have to be back, I am going to celebrate New year's at a beach in MuskPole, Mars.
    Bye

  • @CHNL.s
    @CHNL.s Před 3 lety

    im s o sick of this gimmick in tech. LISTEN open concept coworking spaces are trash and done to save the company money and have an eye over everyone. Online and remote is the future, not coworking in crammed bean bags and shit.

  • @jonsnow4927
    @jonsnow4927 Před 4 lety +1

    Nah

  • @lucashawranke
    @lucashawranke Před 3 lety +1

    this is NOT the future anymore

  • @welpogi
    @welpogi Před rokem +2

    Failed miserably

  • @halodregs
    @halodregs Před 5 lety +1

    Hahaha was this vid made by a new startup at a coworking space?

  • @sasukesan767
    @sasukesan767 Před rokem

    oh, wework, lol

  • @blizzard9954
    @blizzard9954 Před 2 lety

    lol...with covid...pandemic...
    everyone work from home...

  • @adarshsingh2657
    @adarshsingh2657 Před 5 lety

    To know more about CoWorking Craze click on the link below:
    czcams.com/video/GebiPIJjKdE/video.html

  • @zulkifli2038
    @zulkifli2038 Před 4 lety

    We, the millenials, want to do our job in a fun environtment. And importantly, we should work differently from our seniors.

  • @malikulabdullah4063
    @malikulabdullah4063 Před 3 lety

    Welcome covid 19

  • @bloodaxe5028
    @bloodaxe5028 Před 6 lety

    Hail Trump !