One thing the pandemic of 2020-2021 has made crystal clear to the business community is this: traditional office space is a thing of the past, and alternatives like coworking space will be the new normal.
Why? We will talk about the why in this article. We are Paddock Place Office Suites, serving the Greater Fort Worth area with quality coworking space at a very reasonable cost. Call us at 817-439-3224 for more information. We have quality office space for rent starting at $450 per month.
A new reality in office space
The traditional office space building will always exist. There will always be large corporations which need what the traditional office building can provide for them.
But it is equally true that coworking space is here to stay. Small businesses no longer need to rent an office rental for a year at high prices. Even many large companies are discovering that “working from home,” also known as remote working, saves the company money and is every bit as practical as the old ways once were.
And home-based businesses are skyrocketing in number, and most of them need, at least occasionally, a professional office from which to work.
Add it all up and you come to the conclusion that coworking space could easily outnumber traditional office space for lease within the next ten years, if not sooner.
The advantages of coworking space
The first advantage of coworking space is, quite obviously, the cost. Instead of renting a traditional office, for a minimum of a year, for prices approaching $1,000 per month, if not more, one can rent coworking space for as little as $450 per month (Paddock Place’s current rental price). But the savings doesn’t end there. Included in that price are utilities, and included in that price is WiFi. These are huge savings for any company, and the smaller the company the more important those savings are.
Another advantage of coworking space is that it is communal in nature. Business owners and employees can work in close proximity with other business owners and employees. They can share thoughts with each other. They can commiserate with each other. It is a creative space where ideas are born, and support is given, which is especially valuable to home-based business owners who spend so many hours alone at home.
And the final major advantage of coworking space is that it is a temporary expense with no long-term commitment. You only rent coworking space when you need it, by the month, and that is a huge emotional relief for those on a strapped budget.
Add it all together, toss in the proven advantages of remote employment, and the final conclusion should be obvious: sooner, rather than later, coworking space will be in high demand as the business environment shifts to a new reality.
A word about Paddock Place Office Suites
Paddock Place Office Suites is located in the Fort Worth Design District, the newest, most creative, funkiest business enclave found in Fort Worth, home of the largest outdoor art collection in all of Texas. Call us and ask about our coworking space, and arrange for a tour of our facility.