The practice of two or more businesses sharing a commercially leased workspace is known as shared office space. While the phrase can be used to describe a managed coworking space or a serviced office, it is most typically used when a tenant of a privately leased office rents out their unused space to another company. This means that sharing the expense of rent, bills, and overheads benefits both parties. Consider it like any normal sharing office space: you get to use a great space without the commitment or worry of a long-term lease.
The two parties who plan to share an office space settle on the rental terms and inclusions. Typically, the host will provide the space completely furnished and equipped, including furniture, internet, phone lines, and printers, to the new firm. Most hosts employ licensing agreements, which allow for the use of space without the tenant rights that a lease provides; they also allow for the flexibility of a short-term agreement rather than a multi-year lease. The host can combine the cost of the extras into a simple, flexible, and cost-effective package for the new tenant by using a license. You can explore aligned prospects, cooperate on initiatives, and share learnings to grow both your success by sharing office space with a synergistic firm. Employee engagement has been demonstrated to increase in shared and coworking workplaces by creating a dynamic and stimulating work environment.
There are other operational advantages as well. You have immediate access to an office space and all of its amenities while avoiding the long-term commitment and high fees associated with renting a commercial office. Instead of covering the cost of the entire floor plan, you only pay for the square meters you utilize, and most agreements are highly flexible, allowing you to rent space on a monthly basis. Shared workspaces also improve your company’s image by implying that you have the financial means to lease your own commercial space.
At One Business Centre, we make locating and weighing your alternatives as simple and painless as possible. You may search for shared office space and arrange it by amenities, ensuring that you are only given with the finest possibilities depending on your criteria. If you’re unsure what to look for or simply need some help, our specialists are only a phone call away and can aid you with impartial advice and guidance every step of the process.
