My company hires an office in a co-working space since we ended the main London office lease in 2020. So you have a dedicated section with its own monitor setup to suit us, but in a wider space (meeting rooms, breakout areas, kitchens etc are shared).
Here's what I've gathered from colleagues, peers in the same field etc:
- It caters to one flavour of worker being "I benefit from being around other humans even if I'm not working with them". Other flavours that have become visible since covid include "I work much better in my own space", "I work better when I can flex work around home and family responsibilities" and "I just plain prefer to be face to face with colleagues".
- It's useful for those who need to be in town anyway e.g. people who have external meetings or lots of demos
- Several contractors I know use a co-work space once a week in order to not be fully isolated at home, given they usually don't join any team activities the way permanent staff do. Much narrower social interaction etc. It just gets them out and about.
Personally I've avoided the co-work space and prefer to visit our temporary office acquired during a merger in 2021. It feels more like home and I don't need a handful of online bookings and key cards. But I can see how lots of people use them as a stopgap for the social side to one degree or another.