Did you know shared office spaces is popular for those starting or growing a small business? Shared offices spaces offer the ability to rent space in a place with a variety of pros such as networking opportunities and flexibility of short lease, as well as cons such as privacy and lack of customization.
Here are the pros and cons of working and leasing shared office spaces:
The Pros of Shared Office Spaces:
- Low Overhead
Establishing a new office can be costly and time consuming. Cheaper is not always better when it comes to office furnishings. Buying cheap office furnishings such as a wobbly table or comfortable chair can impede productivity. Shared office spaces can carry a far greater value, offer a modern and professional aesthetic, free you from the burden of furnishing your space, and include essential services such as WiFi.
- Existing IT Infrastructure
Establishing a small business without proper IT infrastructure can be problematic. And, finding the room to fund IT services can be next to impossible. However, shared office spaces offer reliable technology with dedicated IT support on-site. This means you’ll be able to get started and concentrate on your work quickly.
- Networking Opportunities
Working in shared office spaces offer networking opportunities with other tenants. You’ll find yourself surrounded by people from different professional backgrounds and in touch with people you never imagined working beside.
- Flexibility of Short Lease
Depending on your budget or schedule, subleasing your office space is an option. You can find short term subleases for shared office spaces that are month to month to fit your needs.
The Cons of Shared Office Space:
Shared office spaces can be distracting. There’s also no noise policy. You can’t control what other tenants are doing so you never know when interruptions may happen.
Does your business require you to be on phone calls or converse calls? If so, are you going to be okay with other tenants hearing your conversations? Shared office spaces have paper thin walls so your conversations are going to be heard by other tenants.
- Lack of Customization
You probably want to feel at home and comfortable in your office. However, there’s a complete lack of customization in shared office spaces. You have little or no say in the design or layout of the office. So you won’t be able to customize the walls, furniture, and lighting to represent your unique preferences.
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