When you’re looking for new office space for your company, what kind of place are you considering? Are you looking to rent a few rooms in a shared office building, or do you want a private place? There are plenty of benefits to shared office space—read on to understand why this might be right for you.
Shared office spaces have a lower cost than a private building.
Renting instead of purchasing is going to be a better deal, especially for small companies who aren’t sure how fast they’ll grow. You also don’t have to worry about things like the internet or heat cut off without warning—while you’re still responsible for the bills, you can just take care of them with rent and forget them for another month.
A shared building can come with existing IT and infrastructure.
You won’t need to worry about wiring internet cables throughout the office—they’re already in place. If an elevator or bathroom stall is in poor condition, it’s not your responsibility to fix it. You’re able to focus on your company instead of the building, and you’ll be able to achieve more success.
A shared space gives you opportunities for networking.
You can get to know your business neighbors, and maybe their companies can align with yours. Plenty of business partnerships form just because the companies were next door to each other. Your neighbors are your potential partners and customers—why isolate yourself from them?
Sharing an office space also allows you some privacy and security from the outside world.
Your business won’t be subject to foot traffic so that solicitors won’t come to your doorstep. You can also rely on a shared building’s security to keep your company safe. Unknown people won’t be able to enter the building, and your neighbors can notice potential thieves when you’re not at your office.
A shared office space allows you to create a community outside of your company, which can be a huge benefit to any company—and one that a private building won’t provide you.