This article about shared office space will serve two purpose: For those who do not know what shared office space (coworking space) is, this article will provide that knowledge; secondly, we will tell you, the small business owner, why shared office space is a great benefit to small companies.
We are Paddock Place Office Suites, and we are rocking the Fort Worth world with outstanding, and affordable, shared office space. Call us at 817-439-3224 for more information and to arrange for a tour of our establishment, located in the Alliance Area of North Fort Worth.
What is shared office space?
Shared office space is really exactly what it sounds like. Instead of leasing an office space for lease by yourself, just one office for one company, with shared office space you work within an area where several company employees are working. You all share a break room, you all share the use of a conference room, and you all work in the same large general space.
Why would you do that? We tackle that question about coworking in the next section.
The obvious benefits of shared office space.
Traditionally, if you wanted an office space for lease, you had to pay first and last month’s rent, plus a security deposit. You then had to pay for the utilities, pay for signage, pay for WiFi, pay for furniture . . . it is no exaggeration that you could easily pay $10,000 or more before you opened for business in that office.
With the emergence of small businesses in this country, paying ten-grand for an office was out of the question. And COVID taught us that traditional simply did not work in the business world of the 2020s. Shared office space has no minimum requirement regarding rentals. You can rent for one month, leave for a month, and come back for another month. You can rent for six months. You only rent when you actually need an office, for whatever the reason.
Prices, as you might suspect, are much lower than the traditional office rental. Shared office space generally costs between $500-$1000 per month, depending upon the city you are in. That rental fee includes utilities, includes WiFi, includes furniture and a private mail drop and, really everything you will need to operate a business . . . short-term!
One added benefit: Your creative juices will flow when you work in close proximity with other business owners and entrepreneurs. There is just something about the vibes of working in a creative community, sharing ideas and feeding off the energy of each other.
You can always graduate to your own office space.
Obviously, from an expense standpoint, this is an attractive alternative to the traditional office space; but what if your business grows and you need an office space full-time?
No problem, you can always find a traditional office space for rent. They will not go away. But until that day comes, shared office space really is a great solution for small companies.
A final word about Paddock Place Office Suites.
Paddock Place Office Suites is part of the Fort Worth Design District, along with Box Office Warehouse Suites and the Golden Triangle Business Park. Call us today and find out, firsthand, what shared office space is all about.