Rented Office Vs. Shared Coworking Office: Top 10 advantages

A few years ago, setting up a new business invariably meant renting an office space and investing in the operational requirements before you could start off. But much has changed since then. Today, renting an office is no longer a necessity in order to kick-start your venture. You can simply opt for a shared office without having to bother about the spiking rent, infrastructure or the operational hassles. No wonder, rented offices are taking a backseat in the modern-day business landscape.

So, what makes shared coworking offices such a preferred option in comparison to rented offices? Let’s explore the top 10 advantages of shared offices in relation to their rented counterparts.

10 Advantages of Shared Office Space vs Rented Office

1. Affordability
2. Plug and play set up
3. No maintenance worries
4. Preferred location
5. Collaborative ambiance
6. Increased productivity
7. Flexible timings
8. Scalability
9. Ease of lease
10. Networking opportunities

Affordability

There’s no denying that renting a traditional office is an expensive proposition, thanks to the escalating real estate prices & upfront cost of furnishing the space. Now, if you are interested to rent an office space in a commercial hub like Mumbai, Delhi or Gurgaon, the pocket pinch can be quite deep. A coworking space, on the other hand, enables you to operate out of the same locality at a fraction of the cost. For instance, a shared office in Gurgaon will be much easy on your pocket when compared to a rented office.

Plug and play set up

When you rent a traditional office space, the onus lies on you to ensure that it has the required infrastructure and facilities needed to turn it into an operational office. But in the case of a shared office, you don’t need to bother about these aspects. You can simply walk in through the door of the shared office space and start working right from that moment itself. The plug and play concept of coworking spaces relieves you from the hassles of office set up.

The Office Pass, Neighborhood Coworking, Cyber City, Gurgaon

No maintenance worries

In the case of a rented office, it’s not enough to set up the place and have it running. You also need to take care of the office, electricity & IT maintenance part. The same is not true about the coworking spaces. If you opt for a coworking space, all you need to do is pay the charges for the space you are occupying. The maintenance part is completely the responsibility of the people running coworking space.

Preferred location

The location of your office can have a big impact on your and your team’s productivity. But opting for a rented office in a prime business location means you may have to dent a large hole in your pocket. A shared office can enable you to set up an office in the location of your choice without going over-budget. If you change your location, you can move into a coworking office from the same operator – closer to your new place.

Collaborative ambiance

A rented office limits your chances of collaborating with people who are not directly related to your business. This is because you are surrounded by people who work in the same organization. But the scenario at a coworking space can be quite different. For instance, if you opt for a coworking space in Gurgaon, you will have the opportunity to collaborate with people from different backgrounds and working in different fields.

The Office Pass, Neighborhood Coworking near HUDA metro station, Gurgaon

Increased productivity

Many people tend to believe that the environment of a co-working space can be distracting and impact your productivity level. But that is not the truth. On the contrary, when you are surrounded by self-motivated people, you become motivated to increase your productivity further. This is something that you won’t find in a rented office.

Flexible timings

Rented offices are spaces where you generally have to maintain a particular time for opening and closing the office. But shared offices offer you the flexibility of time. Many shared offices allow access to their premises 24×7. By opting for such an office, you can maintain convenient timing for your work in a smooth manner.

Also Read: Difference Between Coworking and Shared Office Space for Freelancers

Scalability

As your business expands, you may want to scale up your operations or increase your team. Having a rented office means you will have limited space and may need to shift to a larger office to accommodate your growing team. A coworking space allows you to scale up or scale down your operations without having to worry about the space requirement.

Ease of lease

Taking up a rented office is easier said than done.  You will have to sign a 9-year lease document with 3 years lock-in period and carry out several other formalities before you can finally gain access to it. Your lease obligations are much smaller in the case of coworking spaces.

Networking opportunities

One of the biggest advantages of opting for a coworking space is that it provides you with ample networking opportunities. You can even learn new skills from your co-workers, who are proficient in their own fields. Such opportunities are often missing in a rented office where people from the same company work together.

Now that you know how beneficial it is to have a coworking space, what are you waiting for? It’s time to move ahead of times. It’s time to go the coworking way! For your coworking requirements please feel free to What’s APP The Office Pass (TOP) @ 8999 828282 or e-mail hello@www.theofficepass.com/toppings

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