The problem of adequate space is affecting everyone globally. Hence, people are looking for different methods to cope with this difficulty of managing space. The concept of sharing space is a positive step in this direction. Today, people who have any kind of extra unused space are renting it out to people looking for space.
One of the most popular trends in space sharing emerging globally is sharing of office space. Statistics show that a large percentage of space is unused in many offices. The reasons for this could be: one might be downsizing or closing down one’s business or any other reason, the businessman might have excess space in his office.
Acquiring office space on rental basis has come as a big relief to small businesses. They are able to save time, effort and money by renting offices. There are a number of ways in which a businessman can rent an office space. They are:
Serviced Offices: While renting this type of office, the businessman can rent a room or an entire floor. These offices come with furniture and other facilities such as copiers, fax machines, phones, etc. The businessman also does not have to worry about maintenance. Conference/ Meeting Rooms are also provided. Some serviced offices provide trained staff in addition too.
Sharing Desk Space: Some firms may not require an entire office; space owners allow them the flexibility to share extra desk or space in the office. They can use the various facilities of the office. Some even provide computers to the tenants.
Co-working Offices: This is a concept of sharing space in an office by independent firms. In a co-working arrangement, the people working in the office are not working for the same organisation.
Virtual Offices: These are offices where the co-workers are in contact with each other in cyberspace. The space renting for this type of business entails, providing a business address and an official phone number and a secretary for receiving calls.
Therefore, a start-up Company can choose any of the above options that meet their requirements. Any of these types of office spaces give them an opportunity to start their enterprise with a small investment. They can also gauge the response of the market to their products or services before they think of expanding. It also gives them an opportunity to relocate, expand or downsize at a later stage. With such available options, renting space in an office seems like an optimal solution for small businesses.