The benefits of co-working and shared office spaces

Working in shared office spaces has become a big trend in the office-space landscape in South Africa and the rest of the world. Co-working can be defined essentially as shared office space, equipment, and services. Here are some of the main reasons businesses, from small start-ups to established companies, are finding co-working and shared office spaces more attractive.

Reduced cost of setting up a new office

Setting up a new office is not a small task and can cost a lot of money. Apart from finding an office space that is big enough to accommodate all staff, companies have to consider the outlay required for fixed term leases, electricity services, telephone and internet connectivity solutions. One main benefit of shared office spaces is the cost sharing of tech office solutions such as printers and the internet. With most ready-to-use co-working spaces, you simply come into amenities that are already set up.

Great networking opportunity

Co-working spaces offer you the opportunity to potentially connect with people from industries that you may never come across in a traditional office setting. A shared office space also exposes your business to other companies that may be in your niche that you can potentially form new working relationships. You could meet people who are experts in areas you lack knowledge in, and vice versa.

A central business location

Most shared office spaces are located in central business districts, which not only offers your staff an office in a neighbourhood situated close to essential services but also one with great internal facilities for staff to enjoy, such as gyms and top retail outlets. Clients are attracted to businesses that are located in central business districts with modern amenities.

Dynamic flexibility

In co-working spaces, employees are not tied to a particular desk and can easily move around, with the full support and functionality required to do their work efficiently. Another benefit of these types of office spaces is that they offer more working space when it is needed, which cuts out the hassle of having to locate to a new office with more space. You can immediately access boardrooms and other modern office facilities upon request. This means you and your team can focus on growing your business without worrying about dealing with property concerns.

Work day balance

With features like break out areas, sound-proof conference rooms and fully equipped, modern kitchens — various modern office conveniences that are accessible to you — co-working spaces allow you to easily take a breather from work when the need arises. Working in a shared office space allows you to experience the world outside of your computer screen. It gives you the opportunity to interact with other people that you might have mutual interest with and therefore creates an opportunity to develop new friendships.

If you have never considered moving your business to a shared office space, after going through the benefits we have mentioned, it may be something you and your team will be attracted to in the future.