Largest Coworking Companies
If we put the broad mix of factors together and evaluate all pros and cons, office renting will take an outsider position. Coworking areas are becoming more popular across all industries thanks to the opportunities they offer to their users.
That being said, it’s not always easy to make the important decision to switch from renting an office to having a monthly subscription at a coworking space, so it might take some persuasion. Here is the ultimate guide on how to lure clients into a monthly subscription and dissuade from renting an office.
First and foremost, the number of outgoings passed on to an office's tenant that includes rates, land tax, building insurance, repairments, and cleaning costs will stretch you financially. There is no guarantee that the cost-efficiency balance will be maintained. In fact, the cost of renting an office is quite high which is why so many employers and employees are opting for more affordable options i.e. coworking spaces.
The problem with offices is that they are not only expensive to rent but they are also costly to maintain. Many offices don’t have furniture which adds the cost of furniture to the expenses. If the furniture becomes worn out, it needs to be replaced which is yet another occasion for spending the budget. Some offices don’t have the right “look” which means refurbishing and fixing them will also add up to the expenses.
In other words, renting an office is not the best option for those on a tight budget which is why coworking spaces become a great choice. With coworking spaces, it’s just a matter of which design is more suitable for the needs of a particular employer or employee.
Unlike a coworking space, it has a huge competition among projects, ventures, and corporations making a traditional office less popular among freelancers and remote workers. It’s not always easy to find the right office that corresponds to all the requirements an employer might have such as location, price, and furniture – but it’s even harder to be the first one to start renting that office before anyone else finds it instead of you.
As Mark Snow from the essay writing service reviews site Pick The Writer says,
“I see where business owners are coming from: it’s hard to switch from the old ways and start using coworking spaces instead of renting offices. But the world is changing. There are more freelancers and remote workers – and there’s more competition for offices. Instead of wasting time looking for an office, start working immediately in a coworking space.”
A good rule of thumb would be to choose coworking spaces first and rentable offices second. If you are unsure of whether one is better than the other, ask yourself: Do I want to have competition for my preferred workspace? Do I want it to be affordable?
A monthly subscription gives you way more prospects because it is accessible around the clock. Therefore, anyone can choose their focus of control any time they will. A rented office, on the other hand, is often available for use only during the working hours. This is especially true for office buildings that don’t allow anyone inside once the workday has ended which can be a huge problem in many situations.
For example, if your team is staying up working late, you probably won’t be able to stay in the office for long. If you forgot something in the office, you also don’t have any way to get it until tomorrow. Coworking spaces, on the other hand, are way more flexible in this sense. Of course, there are offices that are accessible 24/7 and coworking spaces that are only open during the working hours, but the large majority works the opposite way.
Coworking spaces are usually more willing to break the rules. And besides, there are many coworking spaces open 24/7 making them perfect for those working way into the night or coming to work earlier to get more things done.
Ordinary offices can’t serve you as a private place dedicated to your enterprise. It simply doesn't provide this safe environment for the conduction of the best performance. Most office buildings have only so much security – and you can’t actually regulate your own rented office in terms of safety. Most offices can’t be renovated to your liking and go as far as allowing to install complex security measures just for your sake.
As Christine Carrey from the essay writing service reviews Writing Judge puts it, “Rentable offices are not the best option for those who want more security. You can’t adjust anything – you can’t have it your way. And if you can’t have it your way, then what’s the point? Incidentally, coworking spaces don’t let you change anything either, but they have one crucial advantage: they are almost always packed with various security measures.”
This is what’s great about coworking spaces: their owners invest a lot of money into making the place safe and secure allowing you and your team to feel absolutely out of any kind of danger. Offices can’t provide this kind of security and privacy.
Last but not least, when your company starts growing in size, you will not be able to host all workers and clients in your little office. Coworking spaces, however, can accommodate dozens if not hundreds or even thousands of freelancers and remote workers at a time. Particularly big coworking spaces that have multiple establishments tend to expand and innovate their spaces to develop and become better every year.
If your company is a small startup looking for a place to work, coworking spaces are a much better option. As your business grows, so will your team, and the coworking space you chose will be able to provide you with the space to make every member of your team as comfortable as possible in every way.
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