An overview of Shared Office Spaces

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The co-working industry is growing every day as more and more people strike out on their own to freelance or open their own businesses. Here is an overview of shared office spaces for your perusal.

Shared office space is a feasible option if you want facilities like meeting rooms to meet clients. Traditional office space is too expensive and requires months to find and years to establish. Few websites help you in getting co-working spaces throughout India. One of India’s fastest growing cities, Hyderabad is increasing its cosmopolitan identity due to its fast-developing information technology sector, including several bigshots. For a start-up, thinking of an own office in such a cosmopolitan area is not that easy. This is why the concept of shared office space in Hyderabad is catching up really fast.

Here are some interesting facts about shared office space in Hyderabad that you should know: -

• Cheaper and better office space

Co-working spaces will charge either in a monthly or annual basis or on a pay as use basis. So, you can use an executive office suite at a lower cost, thereby saving 50 to 60% of total costs.

• Easy networking

Since it is a collaboration of different offices, you get a chance to participate in lots of events for mingling, thereby improving your network for new businesses.

• Better location

Getting office space in a metropolitan city for a cheaper rate is a dream come true for a lot of entrepreneurs. Shared Office spaces give that opportunity to get an office space in a catchy locality.

• Flexibility

Shared spaces usually offer monthly or annual memberships or lease for a few years so that you can upgrade or degrade according to your convenience.

• Free amenities

With shared office spaces, you get access to all amenities like water, coffee, internet, and even mess facilities thus reducing costs.

Despite providing so many facilities, shared office spaces have their own darker shades. Few of them include:

• Distractive environment

Co-working areas feel less structured than ancient offices, drawing the road between work and socialization could typically prove difficult for you and your team.

• Privacy

When you bring innovative ideas to improve your startup, you don’t want your competitors to overhear it. So, if you have a shared office space, make sure to discuss all important conversations in a closed conference room.

• Lack of customization

You cannot customize the office as you wish in a shared office space, while you can do it if you have a private office space. Just because space is well-decorated doesn't mean it's really you. It can feel like living in a cool hotel while you're waiting for your house to get built.