Co-working spaces were traditionally thought to be only for start-ups and small-to-medium enterprises that could not afford permanent office space. However, co-working spaces have evolved to accommodate a more diverse range of professionals beyond tech freelancers and app developers. Larger companies also utilize serviced offices within co-working spaces as an affordable alternative to long-term commercial leases. There remains a misperception that co-working spaces are exclusively for entrepreneurs and small businesses on a tight budget.