Business colleagues working at a busy open plan office

Benefits of Renting a Shared Office Space

Over time, business needs have shifted. One such shift is from the traditional office to modern, shared office spaces. This is due to the need for people to work via the internet or as entrepreneurs, independent contractors, and freelancers.

Co-working spaces in Asia are designed to be as dynamic as their users by offering functionality and flexibility that a traditional office cannot provide. Any business, whether a start-up or an established company can benefit from shared working spaces. Now, why should you choose a shared space instead of a traditional office? Here are the reasons you should consider renting a shared office space in a city like Singapore.

1.    Low start-up cost

When you go for a co-working space, you do not have to worry about setting up your office from scratch. Instead, it is already fully equipped, so that you can focus on working towards scaling up your business. Shared office spaces in Singapore, for example, provides all the necessary amenities for your needs. This makes this option budget-friendly. With all-inclusive pricing, you pay a flat rate, and you can work assured that everything has been settled.

2.    Higher flexibility

In a co-working space, you can reap the benefits of working as per your schedule. A vast number of these spaces operate 24/7, thus giving you the advantage of choosing when to work. Besides, you can access other offices like larger rooms and conference halls without necessarily paying the full price at all times. Better yet, you can lease for short duration if you are still weighing the market, hence no risk of long-term leases if the market fails.

3.    Opportunities to network

executives talkingConnections are critical elements if you want to build a successful business. By working in a shared office space, you will meet other goal-oriented and high-achieving professionals. These professionals are potential clients, partners, or mentors to help you grow your enterprise. More importantly, shared spaces host various gatherings and social events, giving you more opportunities to interact and expand your connections. Through networking, you can make new friends, seek advice, or outsource to great talents when dealing with time-sensitive projects.

4.    Minimal distractions

Shared working spaces offer a conducive working environment since everyone has the same objective – to work. This kind of office setting minimises the number of distractions by setting the right balance. This translates to better productivity. For instance, there might be soft music for those who love background music and a quiet place for those who do not prefer music. Also, professionals work independently, but you can interact if you need to.

5.    Great locations

Most shared spaces are conveniently situated in central areas. This is a winning situation for both you and your clients. Your customers can easily access your office, which is professional-looking and depicting the image of a large business. Consequently, it lets you portray a great model for your business, allowing your customers to build trust and confidence in you. What’s more, you can easily convert prospects into clients since you exhibit credibility.

Setting up an office from scratch is a costly undertaking, but when you opt for a shared space, everything becomes easier. You will enjoy flexible working hours and payment plans, low start-up costs, numerous opportunities to network, and higher productivity.