What are the cost Benefits of a Shared Office Space?

These days, there are so many challenges to revenue flows. From major delays in the shipping of key components to the increasing costs of supplies and parts, plus the evolving impacts of political change, all companies are trading in an economic and political climate of abrupt adjustment.

In this competitive business environment, every company must reduce their costs and boost their efficiency. One effective strategy for doing so is to embrace shared office space. By sharing resources such as meeting rooms and office equipment with other businesses, a company can reduce its overhead costs and focus more of its resources on what truly matters: achieving its business goals.

By sharing a workspace with other businesses, you maximize the use of your office space and minimize rental costs. This in turn allows you to allocate more resources towards other areas of your business, helping you to be more productive and competitive in your industry.

Another major benefit of shared office space is the accessibility that they offer. Many shared business suites are located in prime locations near central areas or transportation hubs, making it easy for companies and individuals to come together in a shared environment. Companies can also take advantage of subletting opportunities to work out of office suites sublet conveniently near their employees’ homes. With all these advantages, shared offices have become a popular choice among forward-thinking companies looking to maximize their return on investment while staying nimble and agile in this rapidly changing market.

There are lots of new names for office space, it is confusing trying to understand all the alternatives to the conventional long term office lease. Shared offices are one of the terms it is important to comprehend, because many office space providers put their own spin on the term.

In the simplest understanding, a shared office is simply an office sublet - when a business that already leases some office space advertises to sublet their space with a posting of business suites to share, like “office suites sublet” or “office shared space for rent”. The lease holder in such a case is simply trying to reduce their costs by subletting to a business that is also trying to reduce their costs. Most of this kind of office sub-letting is based on the old conventional leasing model, stripped down because staff are frequently working from home after the impact of Covid. It’s unlikely that the old tradition of all employees commuting every day to long term leased office space will ever return, so that sort of Shared Office meaning will be with us for a while.

However the most modern meaning of “Shared Office” applies to Co-Working and Serviced Offices, that is where the real growth in the term in happening.

Co-working or co work takes pace in a shared environment. You pay for a desk space and chair amongst other businesspeople also paying for their own desk and chair. The co working provider then also offers the facilities of internet, air conditioning, free refreshments and break-out areas, access to scanners and printers, bathrooms, sometimes private phone pods /booths and maybe even a community drinks on Fridays. This co-working scenario can also be called shared office space.

Alternatively, a Shared Office can also evolve into the description of a Serviced Office. The basic criteria is that a provider can offer many Serviced Office suites on the same shared floor, so you could have more than 20 businesses all working from inside dedicated private and lockable offices at the same location. The big difference with a Serviced Office and Co-working is that a Serviced Office is your own private suite that is lockable, with your business name on the door.

Serviced offices can range from seating for 2 people up to twenty or more, and most charging is by the seat, on a three month minimum basis whereas co-working can even charge just by the day. Serviced Offices cover all the usual aspects of an office – the furniture ( ergonomic chairs and tables, whiteboards and storage cupboards) and cleaning, internet, bathroom and kitchen facilities, scanners, printers, binders and lots of private meeting room spaces with audio-visual tech. Most Serviced Offices locations also have some co-working spaces and invariably there are some great networking opportunities.

Confused? Don’t be. When you need cheap office space and search “Office Sublet near me” don’t think that you need to settle with sharing an office space with a small unknown company and hope it works out sharing the printer and figuring out the internet providers etc . Don’t take risks unless you are certain of the relationship. It is much wiser to go with the Co-Working option and then gradually take on a Serviced Office when you needed constant privacy and more space. At Serviced Office Directory we have great locations for Co-working and Serviced Offices in Sydney, Melbourne, Brisbane, Perth, Adelaide, Canberra and Hobart – and not just in the CBD, we have well respected suburban and regional locations too. Don’t worry about how you can find some suitable temporary office space in Brisbane, just Google Serviced Offices in Brisbane and use the Serviced Office Directory link.

So next time you’re trying to find a business suite to share or shared office space, talk to us at Serviced Office Directory, and minimise the risk with an experienced Australian provider of shared office space.