Shared office space is becoming popular among business owners. Shared office space occurs when two or more businesses share a commercially rented workspace.

A shared office may be used by one or more people, but you have exclusive access to it. Shared office space is becoming increasingly popular since it can range from a small office with a few employees to an entire floor with multiple offices.

These cutting-edge coworking spaces are available for rent and are designed for folks who wish to improve their independence and productivity.

The current condition raises the question: Is Shared Office Space Really Beneficial For Small Business?

Office sharing, often known as shared office space, occurs when a property management organization with vast commercial space provides smaller office space to small businesses. According to studies on coworking productivity, shared workplaces make 70% of its members healthier.

Let's go straight into more discussions!

How Is Shared Office Space Beneficial For Small Business?

Shared spaces also include networking events to assist firms in locating new business partners or clients, brainstorming meetings with other like-minded businesses, and educational programs.

A reasonable rule of thumb is to have at least enough offices to pay all of the fixed expenditures of the space. 

One advantage of renting a shared workplace is that employees may rent desk space for as long or as little as they require. 

Workers have the freedom to use shared workplaces on their own terms, while businesses save money on commercial leases.

Your higher expenditures and profit will be covered by the additional revenue from shared desks, dedicated workstations, conference rooms, and virtual mail.

By 2022, shared workspaces will be used by 13% of enterprises outside the United States (Allwork.Space). Over the last five years, revenue in the Shared Office Space market has grown slowly, expanding by an annualized 0.1% to $25.2 billion.

How Much Does It Cost To Rent A Shared Space?

The cost of shared office space is sometimes seen as a costly investment. However, this could not be further from the truth.

Office Space Type

Average Price

Personal Office (per person)

$350 to $800 per month

Hot Desk / Floating Desk

$50-$350 monthly

Office Package (per person)

$350 to $800 per month

Customized layouts

Determined by the cost of improvement

5 Benefits Of Shared Office Space

No long-term commitment

Unlike commercial premises, shared office spaces offer short lock-in periods that may be tailored to your specific requirements.

Flexibility

Work-life balance is an essential workplace quality nowadays. By providing flexibility, shared workplace benefits start-ups, freelancers, and dynamic businesses.

With flexible routines and schedules, one has the option to work on their agenda in order to meet corporate goals and achieve a better work life.

Better Business Opportunities and Networking

Step into the professional community, where you can meet and interact with like-minded individuals, exchange ideas, and solve problems at meetups or simply over lunch.

Cost-Effective

When compared to commercial offices, renting a shared office space is a breeze for start-ups and enterprises. Because of the cost savings, many organizations have shifted to flexible coworking agreements. 

Services & Amenities

Shared office spaces for rent include special amenities such as conference rooms, chill zones, and a dry pantry, which is always a plus. They also offer backup power, high-speed Wi-Fi, and printing. 

What To Look For While Choosing A Shared Office Space?

In an effort to boost efficiency, companies are increasingly utilizing shared office spaces. Before obtaining one for you or your staff, there are a few things to think about. They are:

Location

Budget

Parking, a café, and a conference room are available amenities

5 Ways To Improve A Shared Office Space

Desks Shared

First and foremost, if you haven't already, you should create a shared workstations policy. Multiple employees use the same physical workstation or desk at various times in this office organization method.

Workplace Technology

Numerous more technologies exist in addition to desk booking software to enhance your shared desk workplace. Sensors are a fantastic IoT feature that give facilities managers 24/7 remote access to the office environment.

Workplace Hybrid

Our last suggestion for optimizing your shared office is not limited to team members in the actual space. With limited space and safety issues, bringing every single team member back to the office may not be the best option.

FAQs

Where can I find shared office space in my area?

Most cities around the country have a community office. Co-op offices are also available in large shared office firms such as HostBD and Compass.

How do shared offices work?

A shared office space is an open workspace where employees from several teams or firms gather in a neutral common area.

What are shared offices called?

Workstations in shared workspaces are hired by remote employees, freelancers, gig workers, consultants, and anybody else who does not have a central office—one place for one person.

Conclusion

The new era's slogan is shared spaces. It allows you to scale up as your team expands. It allows you to work with small company owners, freelancers, and entrepreneurs. 

A shared office space is far more adaptable than leasing your own office building. Shared workspaces in Dhaka provide you the freedom to work around your schedule.

A shared workspace is an office or other setting where people who are self-employed or employed by several enterprises collaborate and share resources for the benefit of all.

Please get in touch with us to discover more about the cost of our shared office space.

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