For many entrepreneurs, the traditional office is still a necessity for business. But workplace trends are moving towards a more flexible environment. One of the signs of this change is the increase in shared offices, so it prevents you from playing Bizzo Casino while you’re at work. In fact, shared offices have grown at a steady rate since 2018 with no signs of slowing down since. Just look at WeWork and its $38 billion valuation to be convinced!
SHARED OFFICES ARE NOT JUST EASIER, THEY ARE BETTER
Shared offices are more efficient because you don’t have to pay for dedicated office space that you only use occasionally. Therefore, the cost per square meter is much lower in shared spaces than in traditional offices. Most shared office spaces also offer free Wi-Fi and other conveniences like printing and meeting rooms, which can be expensive to provide on your own.
Shared offices are more productive because they facilitate collaboration, which has been known to lead to more creative thinking and better problem solving, as well as improved employee morale. Employees also feel less isolated when working in an open environment rather than in an individual cubicle or closed office; it leads to increased productivity by allowing people who work remotely to be part of the daily conversations around them (which may never happen if everyone has their own separate workspace). Finally, shared offices promote innovation by creating environments where ideas can be exchanged freely within the offsite team without fear of criticism from others or having their idea immediately rejected because it is different from what others think they are best – which often happens when people sit alone all day!
THEY SAVE MONEY
For starters, you’ll save a lot of money on office space. Shared offices are usually rented at a lower rate than private offices, and you’ll have access to productivity-boosting amenities like meeting rooms and breakout spaces. You can save 15-20% per month compared to the traditional cost of square meters.
In addition to saving on office space, shared offices also save businesses money by reducing utility costs. A tenant who pays for their own electricity, internet service and cleaning will not need these expenses when using a shared office space with other colleagues who share these bills with each other. It’s also possible that some companies may even be able to negotiate lower rates with utility providers by leveraging their heavy single-site foot traffic to squeeze out the onerous rates from traditional providers like Comcast or Verizon (who typically charge higher prices for business customers).
THEY CAN OFFER A PLEASANT BREAK FROM HOME OFFICES
Shared office spaces can help you get out of your home and into a new environment. You’ll meet people in a new setting, and you’ll be able to get away from the distractions of home. Working in a shared space allows you to change up your routine, see things from someone else’s perspective, and experiment with different ways of working.
You’ll also have access to the amenities in these spaces – computers, printers, high-speed internet connections – that may not be available at home if your budget is limited or you don’t want to clutter up your living space with unnecessary equipment. .
THEY FACILITATE THE RAPID HIRING OF EMPLOYEES AND PARTNERS
Another reason is that shared offices make it easier to hire employees and partners quickly. By making space available to other people, you can attract talent who otherwise might not have been interested in what you offer. It also allows businesses to start with just the right number of people who can perform tasks efficiently, without having to incur the added overhead of hiring too many or too few employees initially.