Perhaps you have heard of coworking space, but didn’t think it applied to your situation. Perhaps you have heard of coworking, but never really knew enough about it to pursue it. Today’s article will clarify all there is to know about coworking space, giving you the information you need to make an informed decision whether coworking is right for your situation.
We are Paddock Place Office Suites, the premier Fort Worth coworking location. Call us at 817-439-3224 for more information about coworking in the Greater Fort Worth area.
Traditional office space
Before we look at coworking space, let’s quickly summarize what traditional office space (office for rent) looks like in cities across the U.S.
A company needs office space for rent. They find what they are looking for, lay down first and last month’s rent, lay down a damage deposit, arrange for furniture, arrange for utilities, arrange for WiFi, bring in signage, and about a month later they have spent, literally, around ten-thousand dollars before they ever opened their doors for business.
In the society of old, this arrangement worked. Healthy companies could afford that initial outlay of cash, plus the monthly rental fees, which oftentimes ran into the thousands of dollars.
But this is no longer the society of old, and the business arena has drastically changed.
What is coworking space?
Coworking space is the rental of an office for only the months you need that office. Utilities are included in that rental fee, as is WiFi, a mail drop, a break room, and furniture. It’s like a turnkey rental, only rented when a business owner needs it.
The office rented can be a private office, a shared office, or an office desk in a central room, shared with other coworking renters.
How much does coworking space cost?
Using our own Paddock Place Office Suites as an example, office suites begin at $550 per month. Again, utilities and WiFi and furniture are included. There is no damage deposit. There is no first and last month rental payment. A flat $550 will give you a professional office for a full month, a much, much cheaper solution for those in need of a temporary space solution.
Is coworking right for you?
Obviously, the cost of coworking space is much, much less expensive, but is it right for you? We can’t answer that question. Can you work in a communal situation? Do you like mingling with other business types during the day? Do you mind sharing a break room, or sharing a conference room?
Are you stuck in the past, or do you embrace change?
Wherever you are located as you read this article, chances are there is coworking space nearby, provided you live near a fair-sized city. If you want to dip your toes in the water, and try it out, just rent space for one month, get a feel for it. The traditional office space for rent will always be available, should you discover that coworking space does not work for you.
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. Call us and arrange for a tour of our coworking space. It just might be the perfect solution to your needs.
