The idea of a short term office rental for small businesses actually stems from the proliferation of home-based businesses in the United States, and that proliferation dates back to the 1970s if not earlier. Let’s look at this history and then see how it affects you and your needs. Call us for more information at (817) 439-3224.
Home-based businesses (HBB)
The idea of running a business out of your home really dates back centuries. As long as there have been communities, enterprising people (usually women) have been running small businesses out of their homes i.e. sewing, child care, doing wash, etc.
It was not until the 1970s, however, that the term Home Based Business became part of our commercial language. Home based business organizations came into being as small business owners sought to organize and share resources and ideas, and also to lobby for better legal representation.
So that today, in 2019, we actually see hundreds of thousands of business entities being run out of spare bedrooms and/or garages, some of which have become hugely successful (think Microsoft).
As wonderful as this new frontier is, it does have limitations. What if you want to meet with an important client? Do you meet with them in your kitchen? A bit tacky what with the cat furballs and the kids’ toys strewn about the living room.
What if it would be possible to rent an office lease only when you need it, someone finally asked, and the idea of a coworking space was born.
What is a coworking space?
A coworking space is simply a professional office shared by various business people, or an office building shared by various businesses. It is purely a short-term lease i.e. a day, a week, or a month. Those using the coworking space share a break room, rest rooms, and a conference room. You can either rent an inexpensive office space alone, or share an office space with another professional.
Obviously this has huge ramifications for those on a limited budget . . . like almost all home based business owners! Instead of signing a yearly lease on an office suite, which is beyond your operating budget, you rent an office short term, which is most definitely within your operating budget.
It is the perfect solution for home-based business owners!
Would you like to see one in operation?
Go online and check out Paddock Place Office Suites aka Paddock Place Coworking Spaces, in Fort Worth. There you will find some charming coworking spaces available in a restored horse barn, each available by the month for prices starting at $400 per month. Check it out and get a feel for what a coworking space is all about, and then check in your community for a similar situation/offering. If you live in a city of any decent size, chances are you will find coworking spaces available to you.
About RDS Real Estate
RDS Real Estate is the managing firm of the Fort Worth Design District, with over one-million square feet of multi-use, creative solutions to your commercial property needs. Contact us for more information about short term office rentals.
