{"id":10964,"date":"2017-05-04T10:33:32","date_gmt":"2017-05-04T10:33:32","guid":{"rendered":"http:\/\/www.instantoffices.com\/blog\/?p=10964"},"modified":"2022-03-22T09:26:24","modified_gmt":"2022-03-22T09:26:24","slug":"benefits-of-shared-office-space","status":"publish","type":"post","link":"https:\/\/www.instantoffices.com\/blog\/featured\/benefits-of-shared-office-space\/","title":{"rendered":"Benefits of a Coworking Space"},"content":{"rendered":"

Demand for co-working space and shared offices is on the rise as more businesses than ever look to this flexible way of working to reduce costs, expand into new markets and increase agility.<\/p>\n

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\"What<\/p>\n

What is a Coworking Space?<\/h2>\n

Also known as a shared office, a coworking space gives SMEs, entrepreneurs and freelancers access to all the facilities and perks of conventional office space, without a traditional lease and all the hidden costs that go with it.<\/p>\n

Coworking spaces are traditionally open plan environments; tenants pay for the space they need via a membership fee, giving them access to a mix of private and communal areas. This way of working offers superior flexibility in that it allows a business to grow or downsize as needed, with contracts lasting as little as a month.<\/p>\n

Research shows coworking can improve productivity, with 71% of workers saying they\u00a0feel more creative<\/a><\/strong>\u00a0in a coworking space, while 68% say they are able to focus more.<\/p>\n

Coworking Space\u00a0Benefits<\/h2>\n

1. Save Money<\/strong><\/p>\n

Eliminate the hidden costs and risks of owning your own office and simply pay for the space you need. With a coworking office<\/a>, there is no traditional lease or any of the hidden costs that go with it.<\/p>\n

2. Improve Networking<\/strong><\/p>\n

The collaborative nature of coworking spaces<\/a> is ideal to improve networking opportunities and start new conversations with everyone from potential clients to business partners.<\/p>\n

3. Increase Creativity<\/strong><\/p>\n

Design-inspired office space settings, creative community cultures, regular educational events and perks like indoor gyms or game areas all work to foster greater creativity and productivity in a coworking environment.<\/p>\n

4. Impress Clients <\/strong><\/p>\n

Hold important meetings and conferences from a fully-kitted out office space at a desirable business address.<\/p>\n

5. Increase Flexibility <\/strong><\/p>\n

Contracts are available for as little as one month.<\/p>\n

6. Speed to Market <\/strong><\/p>\n

Move in on the day you sign and begin working immediately with plug and play facilities.<\/p>\n

7. Scale Your Business <\/strong><\/p>\n

Occupy as little as one desk, with the flexibility to expand as needed. This gives you the opportunity to grow your team at your own pace.<\/p>\n

8. Use State-of-the-Art Equipment and Facilities <\/strong><\/p>\n

Coworking spaces are furnished, pre-cabled and full of different amenities, from coffee shops and restaurants to conference rooms, breakaway areas, exercise areas and more.<\/p>\n

9. Penetrate New Markets <\/strong><\/p>\n

Access new cities, sectors and markets anywhere without the added pressure of office space. You\u2019ll find coworking spaces in virtually every major city in the world.<\/p>\n

\"Who<\/p>\n

Difference Between a Coworking Space and a Serviced Office<\/h2>\n\n\n\n\n\n\n\n
<\/td>\nCoworking Spaces<\/strong><\/td>\nServiced Offices<\/strong><\/td>\n<\/tr>\n
Office<\/strong><\/td>\nOpen plan, collaborative, with shared amenities and designated private areas<\/td>\nCorporate, greater privacy, each office occupied by one business<\/td>\n<\/tr>\n
Design<\/strong><\/td>\nTend to be more informal and often seek to be inspirational. They usually include other lifestyle amenities such as coffee shops, yoga studios, bars and even cinemas.<\/td>\nServiced offices are usually more of an austere environment designed for the corporate world and with less overt branding.<\/td>\n<\/tr>\n
Culture<\/strong><\/td>\nDetermined by the coworking space \u2013 community managers are on hand to assist members in adapting.<\/td>\nDefined by the business or brand occupying the space.<\/td>\n<\/tr>\n
Lease type<\/strong><\/td>\nFlexible and membership-based<\/td>\nContracts are usually 6-12 months<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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\"Characteristics<\/p>\n

Would a Coworking Space Suit You?<\/h2>\n

What started as an attractive solution for freelancers and individuals feeling isolated working from home, has since become a global trend among businesses of all sizes. The types of people accessing coworking space include:<\/p>\n