Economic benefits of opting a shared office space

Whether you run a small business, or work as a freelancer, or are a solo businessman, you would be happy to know that sharing a serviced office space could help you save cash for your business.

Working from home may be a decent choice in terms of saving money, however after you really calculate the cost of making your serviced office space and equip it with all your skilled needs, you may realise that a home office isn't as low-cost as it appears to be.

In different words, your new serviced office space will cost you more than renting a physical office space. It'd also hamper your work productivity due to lack of a working environment. Sharing a workspace is a cost-efficient alternative and offer further benefits of a serviced office space.

The option of co-working office space is especially helpful to those who travel a lot for business. They don’t need to have interaction in lengthy procedures related to traditional workplace areas.

When it involves impressing your clients, coffee outlets are seen as the last choice to conduct business conferences, if you don’t wish to bring them to your living room. The co-working office space suppliers offer you the choice of fully serviceable meeting rooms. The meeting rooms are equipped with progressive technologies, that throw a professional impression on your clients.

With the shared office space & desk option, you'll be able to stop worrying about up-sizing or downsizing your office. These areas are accessible on flexible lease terms, you can change your little office design on short notice. There aren't any fit-out costs.

Home-based businesses incur a large number of prices thanks to significant utility bills. Energy prices go low when you share desk space, as the total price is spread equally among the other occupants.

The best part about sharing desk space is their affordability. There are low prices involved without compromising on the services and a great deal of flexibility. Due to these benefits, more and more home-based professionals and little businesses are considering co-working space.

This is obvious that the most crucial benefit of the coworking areas is the important savings in the price. The prospect of cost savings by choosing coworking areas as compared to the normal office is significantly high. With the origin of the shared office space concept, the popularity of the same has full-grown with passing time and it's catching up very well in India. The shared office space in India is predicted to touch 10 million sq. Feet in India by 2020. As per the surveys, the demand for the coworking office spaces has tripled in the year 2017 as compared to the demand in the year 2014.

In mean times, the coworking areas have actually emerged as a serious product when it comes to the office areas market. These workplace areas are an excellent indicator of the many forthcoming demands for the developers and is already acting as a key accelerator for the mid-sized and little businesses that are cautious of the operational prices and don't possess the monetary strength that is needed to be endowed and committed to a long-term office space in the traditional offices. Thus, because of the restricted budgets, these organizations aren't able to opt for the quality traditional offices for their businesses. In such a scenario, a coworking office space with a prestigious business address and reasonable costs is of nice use to such corporations.

The shared office spaces fall in one of the 3 major categories- coworking areas, traditional business centres, and accelerators/incubators. As per the reports obtained from CBRE research, it's been surveyed that there are around 350 shared offices across India that are unfold in more than 800 locations majorly in Tier one and Tier two cities.

Offices historically were used as an area for people to get their work done, however since that isn't needed any longer, what main purposes do they serve?