If you are like most people, you probably have heard of coworking space, but you also have very little knowledge about its nature. This article should clarify it all for you. We are Paddock Place Office Suites, leading the way in the Greater Fort Worth Metro area with outstanding shared office space. Call us at 817-439-3224 for more information about coworking.
Alright then, let’s get down to it.
What is coworking space?
Wikipedia says coworking is “a social gathering of a group of people who are still working independently, but who share values and who are interested in the synergy that can happen from working with people who value working in the same place alongside each other.” Instead of one office inhabited by people from one company, which has been the traditional model of office work since time began, with coworking you may have several companies represented by employees working in separate projects, but who may, and usually do, share ideas during breaks.
The main reason why coworking was first introduced and tried was to save money. Companies began to realize the efficiency of encouraging remote working; many other companies simply did not need a full-time office. Coworking space solved those two problems/trends, and it has grown rapidly since COVID was introduced in society.
What does coworking space cost?
The cost of shared office space will vary from city to city. Our own Paddock Place Office Suites start at $550 per month. That price includes utilities, WiFi, a shared conference room, a shared break room, a private mail address, and other amenities. The norm is for coworking space to be rented month by month with no minimum months required.
Obviously, this is a very cost-efficient way to handle your office needs if you do not need a full-time office. The cost savings alone makes this a very attractive alternative in an economy which rewards cost savings.
Will it work for you?
We simply cannot answer this question for you. If you are a traveling entrepreneur, and you are tired of doing your computer work in a hotel room or a Starbucks, coworking space could be very attractive to you. If you are a home-based business owner, and you need a place to periodically meet with clients, this type of office space for lease may very well work for you. If you are a start-up company owner without an office, this will work, and if you are a creative who does your best work when in a creative, sharing, and enthusiastic environment, this may be the answer to your prayers.
Only you can determine whether coworking space is the answer to your prayers.
Our advice: call around and ask for recommendations and/or reviews. Or, better yet, try it for a month. There is no better teacher than practical experience.
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. We invite you to call us and arrange for a tour of our coworking community. Ask your questions at that time and then make an informed decision.