Most Significant Benefits of Shared Office Space in 2023
If you reside or work in a major city, there is a good chance that you have come across a “shared office space” that is offered for lease or rent. However, what exactly is a shared office space, and why would you want to share your workspace?
The market for coworking spaces is anticipated to experience a fall from $9.27 billion in 2019 to $8.24 billion in 2020, with a compound annual growth rate (CAGR) of -12.9%. The COVID-19 epidemic and containment efforts are mostly to blame for the fall, which also stems from a global economic recession.
In this essay, we go through the advantages and significance of shared office space in Bangladesh.
Is Shared Office Space Important to Us?
To cut expenses and pool resources, coworking or shared office space comprises employees from various organizations using a single, spacious office space.
Companies and teams can easily and quickly reserve the space that best suits their requirements and financial constraints! Teams can maintain flexibility as their needs change without having to build out a space in a conventional office setting.
What Kinds of Shared Office Space Are There?
Shared office spaces come in a variety of styles. The type of employment and the environment you require should be taken into consideration while choosing a path. The various varieties of coworkers’ offices include:
Dedicated Workstation/Desk
Popular and more expensive than other shared office options is the dedicated desk. However, you get to use other amenities and share other common parts of the office. This is a more common choice because most people would prefer to have a safe place to conduct business instead of constantly changing workspaces.
Personal Office
A private office, on the other hand, can contain anything from a single person’s office to an entire floor of offices, board/conference rooms, meeting rooms, and open plan spaces. You can work in complete privacy in a private office that is only accessible to you. So private office space is preferable if you want security and anonymity. This is also growing in popularity because you get to utilize the shared amenities.
Pros And Cons Of Shared Office Space
Different Viewpoints
Meeting or conference rooms are fantastic, but having a shared workplace makes it easy to ask others for advice when necessary. |
Sharing
For those who are more introverted or who prefer to work alone, sharing a desk can be stressful, and being constantly near coworkers without many options to get away from them can occasionally feel irritating. |
Collaborating
Coworkers may be able to cooperate more easily and forge stronger bonds with one another in smaller spaces with fewer walls. |
Crossing Feet
Even though it’s unlikely that it will be done on purpose, having too many personnel in one place for too long can lead to conflicts. |
Room Furnished & Amenities
A shared office will normally be furnished with the goods you agreed upon when signing your initial contract. |
Ineffective organization
If you’re the last person to use the coffee maker or if wiping the dishes instead of piling them in the kitchen sink is against the rules, other teams might not have the same restrictions. |
The Big Benefits to Sharing Office Space
1. Lower Costs
Sharing office space with businesses in similar fields can significantly reduce your overhead. Small businesses, which constantly need a little extra cash flow to weather economic downturns and the evolving nature of employment, will find this to be of great benefit.
2. Collaboration
Your businesses can likely identify enough things in common to work on shared projects, use similar equipment, and more. Today, many businesses who shared serviced office space do so out of a desire to foster more collaboration among others with similar or related interests or industries.
3. Multiple Workdays
Offering your staff workspaces in the style of a hotel may also be made simple with this choice. The majority of these workstations have security. They don’t need a receptionist or any other type of help during regular business hours like traditional office spaces do because they use automated badge access.
4. Enhanced Originality
Common seating that is more comfortable and social than traditional cubicle work is frequently provided in shared workspaces. In addition to having great cooking areas and conference rooms, the majority of these workplaces are far cozier and more stimulating than cubicle settings.
Locate Your Favorite Workplaces
At BanglamartBD, we are committed to giving brokers and employers thorough information, availability, and price for the top coworking spaces currently on the market. In order to provide clients with services on coworking arrangements of all kinds and complexity, BanglamartBD collaborates with commercial real estate brokers. Our Client Coworking Advisors may assist in finding your clients the ideal coworking office space in the desired location with the required features.