To Lease, Rent, Sublet or Share Your Office Space

If you are starting a small business and you are looking for office space, you certainly have plenty of options available to you including a shared workspace. Where a freelancer may rent a coworking space, a startup may periodically rent shared office space to bring its entire team together. Shared workspaces (coworking spaces) are workstations rented by remote employees, freelancers, gig workers, consultants, and anyone else who may not have a central office—one space for one individual. You could lease, rent or even sublet an office space. However, these options typically come with lengthy contracts which are not necessarily suitable for smaller startup companies. Should this be a concern, perhaps you should consider sharing office space.

Why People Lease, Rent, or Sublet in the First Place

Most people who are just starting out feel that renting, leasing, or subletting their own private office space is the more “professional” thing to do. What’s more, renting their own office space can feel empowering since it provides a significant sense of accomplishment. Lastly, with your own flexible office space, you can set things up how you like without having your flatmate or spouse continuously tell you to clean up after yourself when you work at home. The same sense of empowerment, professionalism and independence can be achieved while sharing office space.

Shared Workspace Comes with No Long-Term Contracts

Although renters can typically find six-month to one-year leases for residences, it’s a bit different for businesses. Owners of commercial properties typically ask their renters to sign three- to five-year leases – if not longer. This can certainly put you in a bit of a bind, particularly if your business changes or grows down the road and your location no longer suits your needs. When it comes to shared workspaces/coworking spaces, you can rent by the hour, by the day, by the month, or even by the year. It’s much more flexible than typical contracts associated with leasing or renting office spaces.

 

 

Shared Workspace Requires Little Preparation, If Any at All

Something else to consider when it comes to renting, leasing, or subletting office space is the amount of prep work you will need to do in order to make the space operational. In most cases, these offices are nothing more than just empty rooms. A shared workspace is different as the furnishings, electricity and internet are set up and ready to go. All you need to do is bring your equipment, plug in and get busy. Some even have facilities like phone booths, wellness facilities, and video conferencing technology.

Shared Office Space is Cheaper

If these benefits of shared office space weren’t convincing enough, the reduced overhead most certainly is. Rented or leased office space is never cheap. Not only are you paying in full each month for use of the space, but you’re also paying your own electricity, telephone, and internet bills – and you will also have to consider costs for cleaning and maintenance as well. When it comes to shared office space, everyone splits the cost of everything involved, which makes it much more affordable. Startups and agile companies without the need for permanent office space can keep overhead costs low, while still utilizing a traditional workplace setting.

According to Officevibe, "70% reported they felt healthier than they did working in a traditional office setting." When you find yourself in need of more office space, try a shared workspace. It's a great alternative to working at home, renting, leasing or subletting. Fortunately, in the Information Age, finding shared office space online is easy as 1-2-3. Just be sure to consider your options before you sign on the dotted line.

 

Book affordable meeting room hires and desk spaces when you need them, where you need them. VenueNow is one of Australia’s leading on-demand workspace marketplaces. We’ve scoured Australia for the very best meeting rooms, training rooms, and event spaces for your business. Search and hire the perfect workspace today!

Book your venues with VenueNow today!

From hot desks, virtual offices and bookable meeting rooms to co-working and private offices & conference rooms, VenueNow has it all. Search and book the perfect workspace to suit your needs. Whether you’re a freelancer, entrepreneur or small business owner, VenueNow makes it easy to find and book the perfect space. With our intuitive online booking platform, you can easily find and hire workspaces in minutes. Get access to hundreds of locations across Australia. All it takes is a few clicks! So what are you waiting for? Book the perfect workspace for your needs today!