What to Look for in a Shared Office Space

November 7, 2022
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Donny Raw
Posted in Business
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Renting an office space can be a big decision for small businesses and startups. The costs associated with renting an office space are often significant, so it’s important to choose one that will fit your needs both now and in the future. However, there are modernized ways to secure your company an office space, without all the commitment. These days, you can find the space to grow, inspire, and create, without having to sign long-term leases or make major decisions in real estate.

One option to consider is renting a shared office space. Coworking office spaces are usually less expensive than renting a traditional office space, and they offer a few other benefits as well. Depending on the needs of your business and your current situation, an office space rental might be the perfect solution to your professional needs. Here are a few things to look for when considering a shared office space.

Flexibility

One of the biggest benefits of shared office spaces is flexibility. Most shared office spaces offer month-to-month leases, so you’re not locked into a long-term contract. This can be helpful if your business is still in its early stages and you’re not sure how much space you’ll need or how long you’ll need it for. Many shared office spaces also offer the ability to rent additional space on an as-needed basis, so you can easily scale up or down as your business grows.

For example, if you want to test out an office space rental, or see how the coworking environment might affect your day-to-day operations, then you won’t have to sign a lease. You can give it a try without any commitment or consequences. Having an alternative office space might be a game changer and allow you to grow your operations and team. On the other hand, if you end up feeling that extra space isn’t necessary, you can cancel your agreement at any time.

Amenities

Another thing to look for in an office space rental is amenities. Many shared office spaces offer a variety of amenities that can be helpful for businesses, such as conference rooms, kitchen facilities, photocopiers, printers, internet access, and more. These amenities can save you money because you don’t have to lease or purchase them separately.

When you think about how much office amenities cost, and do the math on securing your own, it adds up rather quickly. However, you may be leaning towards investing in these supplies for the long term and consider your earnings better spent on permanent investments, rather than a monthly office space rental. But since there’s no commitment to participating in a coworking office, it can’t hurt to give it a try before deciding on how you want to move forward.

Location

The location of your shared office space is also important to consider. You’ll want to choose a location that’s convenient for both you and your employees, customers, and clients. If your business relies heavily on foot traffic, you might want to choose a location that’s near public transportation or other attractions. If you have employees who work remotely, you might want to choose a location that’s near an airport or major highway.

No matter what, if you end up with a shared office space rental that has a more central location than your current space, you’ll be surprised at how it helps business. By meeting clients, customers, and employees in the middle, everyone will thank you. Not only that, but if the office space rental is more spacious or organized than your current office, you might see a growth in results alone.

Final Thoughts

When considering a shared office space for your business, there are a few things you’ll want to keep in mind. Flexibility, amenities, and location are all important factors to consider. If you’ve been thinking about what an office space rental can do for your business, then keep these concepts in mind as you grow and move your company forward.

Remember that there is minimal commitment and no rush in finding the perfect shared office space for your business needs. Investments in your business are an integral part of their growth; whether that’s in office supplies or a coworking office space will be up to you, and what’s best for your company’s best interest.