Share an office suite with someone else? How does that work?
It’s called coworking space, and we are going to tell you exactly how it works at our coworking location, Paddock Place Office Suites, in the Fort Worth Design District. Mind you, we cannot speak to how all coworking spaces work across the country, but we believe the information presented here is fairly representative of the coworking movement as a whole. Call us at 817-439-3224 for more information about Paddock Place Office Suites.
Traditional office suite is going the way of the dinosaur
If you haven’t already done so, go out and price a traditional office space for rent. Go downtown and check out any of those “for rent” locations. Ask the commercial real estate agent what the rental cost is. Ask them what the average utilities cost in that area. Ask them about the cost of signage and insurance. Ask them what the average start-up costs are for that area, the cost of furnishing that office space, the cost of WiFi, and the zoning.
And, once you have a working figure, a figure somewhere in the $7000-$10,000 neighborhood, you will begin to understand why coworking space is becoming the rage in the business world.
Coworking make good sense for small business owners
With coworking space, you only rent on office, or a shared office space, and you only rent month-to-month, no long-term commitments. With coworking space, utilities are included in the rental fee. With coworking space, there are no expenses like signage or insurance. None of the traditional start-up costs are associated with coworking space because you are simply renting a room on a short-term basis, when you need it, like a gypsy passing through town with very few obligations.
How does $500 per month sound as opposed to a couple thousand per month?
Why pay more for an office suite if it’s not necessary?
It should, by now, be obvious why coworking is becoming so popular in the business world. Traveling executives take advantage of coworking space when they are only in a town for a month or two. Small business owner with small operating budgets take advantage of coworking space, as do home-based business owners who need a professional face to their business a couple months out of the calendar year. It is the perfect solution for a changing business world, a solution based on fluidity and transition, and it is only going to increase in popularity as the years roll on.
The only question, then, is what are you waiting for? If the traditional start-up costs of opening an office have scared you off in the past, here is your opportunity. It’s called coworking space, and it very well could change your business future.
A final word about Paddock Place Office Suites
Paddock Place Office Suites is located in the Fort Worth Design District, in the Alliance Area of North Fort Worth, the fastest-growing commercial and industrial area in all of Tarrant County. Call us for more information, and to arrange for a tour of our coworking space. We can provide a professional look to your business, and we can do it at a price you can afford.