Perhaps you have heard of coworking space, but you were never quite certain what it was. Or perhaps you heard of it, but didn’t know how it worked or how it might apply to you.
It is time we clarify any misconceptions you might have about coworking, because coworking space is positioned, in 2022, to become a major alternative to the traditional office building.
Let’s talk about it. We are Paddock Place Office Suites, serving the Greater Fort Worth area with quality coworking space. Call us at 817-439-3224 for more information and to arrange for a tour of our facility.
But first, let’s talk about the exact nature of coworking space.
The office buildings of the past
Dating back to the beginnings of the Industrial Revolution, really, and continuing on into the beginning of the 21st Century, the traditional office, or office building really hasn’t changed. Either a business owner leased and office space for lease in a strip mall, or one unit in a larger office building. They paid the market price for commercial property for rent, usually something like $1.00 per square foot. On top of that they paid for utilities, WiFi, furnishings, signage, etc.
Or, the corporation was big enough to simply purchase an entire building, and in that building multiple offices were partitioned off for the various departments and employees.
It’s been that way seemingly forever in the business world. We have all walked into such offices. We have all seen office buildings as we drove around cities. The traditional office rental is in every city in America, a staple of capitalism, one we though would go on forever.
Why they don’t work as well in 2022 and beyond
But all of that is changing, and it is changing because of cost! The pandemic highlighted this change, but truthfully the change has been gradually happening for ten years now.
Very few companies can afford to rent commercial property. Very few corporations are healthy enough to shoulder the cost of an entire office building. Such is the state of the economy. Things are shifting towards smaller businesses; things are shifting towards a remote work force. Many jobs can now be done from home, and many business owners can now run major businesses from their living rooms.
The nature of coworking space
And rising to meet those changes is coworking space, a concept whereby business owners, business employees, or traveling executives simply rent office space one month at a time, for a much lower expense than the traditional office rental. For example, at Paddock Place Office Suites, a coworking space office can be rented for as low as $450 per month, utilities and WiFi included in that price.
Break rooms, conference rooms, and lunch rooms are shared by the various people renting coworking space in that central building. At any given time there might be twenty, thirty employees or more, each from different companies, working on a short-term basis.
Why is does work so well in 2022 and beyond
Why does it work so well? Because it is affordable for practically anyone in business, from the small, one-person business owner to the large corporation owner who has an eye on the bottom line of profit. It works perfectly for anyone in need of a professional setting on a part-time basis, and that includes a large percentage of today’s business community.
Is coworking space the face of office work in the future? We believe it is!
A word about Paddock Place Office Suites
Paddock Place Office Suites is located in the Fort Worth Design District, the Alliance Area, of North Fort Worth, one of the fastest-growing commercial and industrial areas in Texas. Call us about coworking space for you!
