Co-Working Or Leasing Your Office Space?

Co-Working Vs. Regular Leasing For Your Office Space

When you need a space to operate your business, you have a good problem at hand with plenty of possible solutions. Now, it is your job to figure out which solution is the best option for your particular situation. You know you could lease an office space, but you might want to consider co-working spots instead. Why is co-working a better option than regular leasing? See for yourself.

Shorter Lease Terms

When you sign a lease for an office space, you have to commit to a certain amount of time. That time frame could be six months, a year, or even longer. When you get into a co-working space, you have a much shorter time commitment involved. If you expect your business to grow, this shorter commitment is to your advantage because you can move to a larger space to accommodate your needs at any time.

Existing Equipment

If you lease an office space, chances are you are going to have to provide the furniture and office equipment you need to get the job done. That means buying or leasing a fax and copy machine, finding desks and chairs, and everything else you need. On the other hand, co-working spaces already have all of that. You don’t have to invest anything extra in the space outside of the rental fees. The offices have desks and chairs and you can use conferences rooms, copy machines, fax machines, the internet, and anything else you might need.

Connections

When you lease an office space, you might have neighbors or other businesses somewhat close by, but there won’t be anyone going in and out of your space on a regular basis. While that might help you concentrate, it won’t give you any new connections. Part of the advantage to a co-working space are the connections you make with other innovative companies like yours. This could lead to collaborations, sales, and brainstorming sessions that are extremely valuable to everyone’s business. While you will have your own private office space within the co-working environment, you also have the capability of taking breaks with others who have similar businesses and that can give you advantages unlike any others.

Simple Finances

If you want your business to do well, you have to consider the budget and the financial aspects involved. Leasing an office space is something you have to do, but you don’t necessarily have to put a lot more money into the venture. When you lease a co-working space instead of a regular office, everything you need is already included. That can save you a lot of money both now and in the long run. You don’t have to worry about additional investments and you can place that capital into your products and services instead.

Customize The Options

If you have never had a co-working space before, you might think the rooms are cookie cutter and wouldn’t work for you. In reality, there are plenty of ways to customize the options so you get just the space you need for you, your potential employees, and your business.

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