“From a tiny acorn grows” . . . one of the latest trends in the business world is the use of coworking space. From San Jose to Manhatten, and in every decent-sized city across the United States, coworking space is solving a number of problems AND providing a number of benefits. Let’s take a look at a few of those benefits and advantages in this article. Later on , if you have more questions, call us at (817) 439-3224 and we’ll do our best to answer them.
But first, what is coworking space?
Coworking, and the use of coworking space, is a communal environment where small business owners, and business employees, use shared space to conduct their business. It is space oftentimes rented for days, or weeks, sometimes a month at a time. It is often referred to as a shared desk, or a shared office space, and it is becoming quite popular among those with a limited operating budget, or those with a home-based business. Instead of renting office space for a year, a business person, or owner, would rent part of an office, or even an entire office, for a short period of time, sharing a break room, restroom, and even a conference room, with other renters using those central spaces. Think of it as an office building with ever-changing, short-term tenants who actually interact with each other throughout the day.
What are the benefits of coworking space?
The first beneifit of coworking should be obvious. Instead of signing an office suite for a year or longer, a major financial commitment, the business person only signs a short-term lease, only as long as is really needed for whatever project he/she is working on. For a small business owner this is a financial godsend. For those on a tight budget, this idea is manna from heaven.
Besides financial, though, coworking provides a sense of community for business people. Home-based business are exploding across the country. For those with little money but with an entrepreneurial spirit, a home-based business is the only way to get a business started, but it does have its drawbacks, not the least of which is solitude. Many a home-based business owner has complained about “cabin fever,” an uneasiness from working day in, day out, all by oneself. Coworking gives the business owner a chance to rub shoulders with other entrepreneurs.
Coworking also allows business people to network freely during breaks in the day, within a creative and productive environment. Entrepreneurs are creative people, with ideas seemingly spinning around in their heads at all hours. Coworking space gives those Creatives a chance to share ideas and thus get valuable feedback on them.
Studies, in this case, are not wrong. Studies have shown that coworking is a trend which is here to stay, a popular way for business people to gain companionship, to network, and to save money. Those who have tried it swear by it. Productivity increases in coworking environments. Attitudes improve, and ideas flow freely.
It is a trend you really should consider!
About Paddock Place Office Suites
Paddock Place Office Suites offers coworking space on short-term leases in a charming converted horse barn in the Fort Worth Design District. It is locally owned and operated by Ron Sturgeon and RDS Real Estate. Give us a call if you are in the Fort Worth area looking for an office rental solution.