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Benefits of Shared Office Space

The workplace has changed in recent years and especially in 2020 with more people working remotely. Offices are transitioning from cubicles and private rooms to larger, more collaborative office spaces.

 

Shared office spaces have become sought after as traditional office plans have become more expensive, but also as the nature of business itself changes. Technology has evolved to allow for greater flexibility in location, communication, and capability.

 

Human behaviour has also changed, as we now live in a Uber world, where sharing real estate, cars and services has become a way of maximising benefits and minimising expenses. In a way, shared office space is like an Air bnb for work offices, allowing business owners to pay as they go and modify their plans as needed.

 

Here are a few reasons each business should consider renting a shared office space:

1. Increased Productivity
While a lot of businesses have been able to continue to operate remotely, shared office space creates a common destination for work, establishing a place for routine and a mindset for getting things done. Instead of chilling around at home or getting distracted by family and chores, a shared office space motivates people to leave the home, network with others, and focus on their work priorities.

2. Clear Communication
The problem with remote teams has always been communication. When should a meeting be held? What times are people most productive? With shared office space, team members can ask each other questions across the table or room, eliminating downtime from unopened emails and missed calls. Whiteboards, on walls and tables, also offer a visual way to collaborate with teams. But in case you’re looking for more traditional set up, most shared office set-ups do have conference rooms available.

3. Networking and Business Opportunities
A big benefit of shared office space! The professional community where each tenant potentially is part of a larger network of lawyers, marketers, accountants, entrepreneurs, creatives and students. You can meet other tenants and forge business associations. Your next intern, business partner or client could be just across the hallway from your  private office or at the next desk behind the COVID-19 screen. Shared office spaces are flexible, customisable, and more affordable than even the largest available traditional offices. Shared office spaces allow businesses to focus on business.

4. Flexible Routines and Schedules
Everyone has their unique work routines. Some like to come in before anyone else and leave early afternoon, others are night owls and prefer to work late through the evening. Regardless of your role or routine, shared office spaces are open as long as you have access, allowing you to set your own schedules. Lease agreements are also flexible, with many setups offering a fixed 12 month lease or a monthly agreement.

5. Facilities for Business
Some people need snack to help them get through the day. Others may want to offer coffee or a drink to their visitors after a long meeting. Share office venues often have a kitchen and coffee bar where food and drink can be stored in the fridge and coffee made and fancier coffee purchased. Standard equipment and amenities you expect to see in offices are also all there: fax machine, printer, storage drawers, conference rooms, high speed internet, generator and even a receptionist. Business owners can worry less about office supply expenses and focus on delivering their product or service.


As you can see it makes a lot of sense to consider shared office space for your business.


Learn more about what we have to offer in our various pricing plans. Click here