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Shared office space offers fully equipped and furnished offices with services such as mail, telephone, and internet. It can provide professional facilities at a lower cost and is attractive to small business owners and start-ups. Different types of shared office space include renting from a company with excess space and renting a desk space for teleworkers. Consider the same issues as traditional office space when choosing a shared workspace.
Shared office space refers to fully equipped and furnished offices ready for a quick setup for a branch or a business owner who doesn’t want to work from home. Also known as business center and executive suite, these facilities offer mail, telephone and Internet services. Office space sharing can provide professional facilities at a lower cost than traditional office rentals and even offer the ability for external input and referrals from others using the same arrangement.
Many shared office space arrangements include business equipment, such as copiers and fax machines, office furniture, and receptionist and postal services. Some offer conference room accessibility, delivery or posting services, and other services. Leases for these types of offices are usually for 6 to 12 months, with some offering three-month options.
Another type of shared office space involves renting a small space from a company or business that has an excess of office space. This is comparable to subleasing. In this type of situation, a person or business can potentially rent out a single desk space or possibly a group of offices within another company’s larger space. Often, the lessee shares common conference rooms, kitchen areas, and other facilities with the leasing business.
A similar type of shared office situation could be used for teleworkers when they come into the office to work. The desk, telephone and equipment are only for the work period and generally used by others at other times. This situation is good for complementary types of business; for example, a healthcare professional sharing space with another medical professional with a different specialty. In this type of arrangement, the lessee is less likely to benefit from secretarial or other services. The benefit to the business providing shared space is that it is a quick and cost-effective way to recoup excess space expenses.
Each of these types of shared office space offers benefits including reduced need for support staff, all-inclusive monthly costs, and quick occupancy. The deal is particularly attractive to small business owners and start-ups. These arrangements also do not require large capital expenditures on equipment and furniture. When choosing a shared workspace, consider the same kinds of issues you’d encounter if you rented out traditional office space: site, other tenants, and the lease.
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