Views #1529 | Intermediate 5

Co-Working Spaces

Jerri talks to Todd about her experience using a co-working space.
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Todd: So, Jerri, you work at a coworking space.

Jerri: That's correct.

Todd: And the coworking spaces are becoming really popular. Can you kind of explain the emergence of coworking spaces?

Jerri: Yes, of course. So, I started working in the coworking space scene for about a year and a half. And just during this time, I have seen quite a difference from when I started to now. So, there's a lot more Thai startups coming in. When I first started, our customers were mainly expats and businesses from outside of Thailand who were looking to start something in - in - in Bangkok, and now we see a lot more younger Thai startups coming into start working in coworking spaces rather than in a corporate office or in coffee shops, for example, because, I think, they realize the importance of networking and just getting to meet other people from different industries, and that it makes, like, a difference where you work at.

Todd: That's so interesting. So, can you - can you tell us how a coworking space works? Like, how the building is designed and what people do.

Jerri: Yes, of course. So, I think different coworking spaces have their own goals and their - what they want to represent, but at the Hive we want to be a coworking space that is - that is good for, like, new startups, so we try to be as flexible as possible. We want to think of ourselves as, like, a boutique-style coworking space rather than a corporate one. So, our building is designed to - we have six different floors. We have a spa floor. We have a rooftop where we do events. And we try to create an environment that it's good for working and also make people feel relaxed rather than being in an - in a corporate office.

Todd: Wow, that sounds really interesting. So, is it, like, a thriving business? Like, is it growing? Do lots of people work?

Jerri: Yes, definitely. Like, in Asia, I think it's growing a lot. We are - due to this growth, we are expanding at the same time, in Asia. We see, yeah, our spaces is, right now, a hundred percent occupied, so it's definitely a growing business. And you can see that there's a lot more events going on in the city related to startups, people doing - especially in, like, cryptocurrency or in the online marketing business side, yeah.

Todd: Alright, so, what kind of people gravitate towards these coworking spaces?

Jerri: We - We have many different industries, but I would say, like, the dominant ones are in digital marketing, and online branding is becoming very popular - and also, yeah, as I mentioned, like, cryptocurrencies. We have a few stand-out ones like - I think, like, a trend that is coming is sustainabilities, so a lot of, like, fashion brands becoming, you know, new startups that are sustainable, offering sustainable ways to do your business. So, we have, like, a company here - they offer, like, green - green solutions to your business. Yeah, so I think, like, the - the green side of things is definitely, like, a trend coming, as well.

Todd: And, I guess, one of the biggest allures is - it's cost effective, right? So, for - if you're a startup, you don't have to pay for expensive office space...

Jerri: Yeah.

Todd: ...or stuff like that. So, can you talk about the cost - like, the cost differential between...?

Jerri: Between, like, compared to, like, a corporate office?

Todd: Yeah. Yes.

Jerri: So, we offer, like, a var-variety of memberships. And the way which we try to match, to match the needs of entrepreneurs is we ask, okay, what do you need? Do you need twenty-four hours? Do you need printing? Do you need meeting rooms? And all of - all of the memberships varies depending on if they need unlimited access - or do they just need to come here, like, once and twice a week? The price we try to be - you know, we try to keep it reasonable but at the same time competitive, too, 'cause it's a thriving business, as you say. So, we start from - a membership starts from 3600 and they go up to 7000 for a fixed desk.

Todd: Okay, so, for - this is - for people around the world, that's 3000 baht.

Jerri: Yes, 3000 Thai baht. Yes.

Todd: Okay, so how much is that, like, in euros or in dollars?

Jerri: I'm not sure what the currency rate is right now.

Todd: I think it's - I think about 3000 - 3000 baht is about 100 dollars.

Jerri: Yeah, if it's - maybe, yeah.

Todd: So, that's a really good rate.

Jerri: Yeah. This is for the entire month. Yeah.

Todd: Wow. So you get, basically - you don't get an office, but you get a desk, right?

Jerri: You get a desk which is, like - it's like being in an office but sharing it with other people. So, you have a desk, you have printing, you have meeting rooms. It's like an open-space office where you get to interact with people around you or, if you prefer a quieter working environment, as I mentioned, we have different floors. So, each floor kind of had it - ha-has its own, like, purpose and its own, like, atmosphere.

Todd: Wow. That sounds great. What a great deal.

Jerri: I would hope so.

Todd: That's cool. Thanks.

Learn Vocabulary from the Lesson

expats

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Our customers were mainly expats

An expat is someone who lives in a country they weren't born in.

Notice the following:

  1. There is a large expat community in Thailand.
  2. Many British expats live in Spain.

to think of yourself as

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We want to think of ourselves as, like, a boutique-style coworking space

Here, "to think of something as --" means to consider yourself as something.

Notice the following:

  1. I think of myself as a hard-working person.
  2. I think of school as being a practice for work.

startups

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There are a lot more events going on in the city related to startups

A startup is a business that has just started, usually in the tech industry.

Notice the following:

  1. He works in a startup related to technology.
  2. This country is good for startups because it has lots of cheap office space.

gravitate

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What kind of people gravitate towards these coworking spaces?

To gravitate towards something means to prefer something or to move towards something.

Notice the following:

  1. I gravitate towards warmer climates.
  2. They gravitated slowly towards the exit.

stand out

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We have a few stand-out ones.

When something stands out, it is very noticable. Stand-out is the adjective form. Stand out is the phrasal verb form.

Notice the following:

  1. She stands out because of her blue hair.
  2. The stand-out prize at the fair was the television.

but at the same time

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Keep it reasonable but at the same time competitive.

Here, the phrase but at the same time just means but also. It shows a slight contrast within something.

Notice the following:

  1. The class is fun, but at the same time educational.
  2. He is very serious, but at the same time very caring.

Vocabulary Quiz

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Answer the following questions about the interview.

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