Shared Office Space is a Growing Trend in Melbourne

Over half a million people in the US joined the new age of coworking and shared office space in this year alone, however, it is important to consider if it is right for you and your business!

Here are the pros and cons:

Pros:

  1. Flexible, flexible plan options, flexible cost options, and flexible space options. This is a huge pro for businesses going through a stage of growth as your office space can grow at the exact same rate as you do.
  2. Networking, possibly the best reason to join coworking is the endless networking opportunities that it provides. The opportunity provided by coworking spaces allows for numerous conversations with individuals from diverse industries which truly inspires innovation.
  3. Partnerships, what is the best way to make a partnership that could help your business grow? The answer is to rent the office directly next to them!
  4. Amenities and services, private spaces often offer little more than just space. With coworking space WIFI, printing, scanning, kitchens, mail, support, and meeting rooms are all part of the offering!
  5. Free events, many coworking spaces also host a number of events especially for their members which can motivate you and your business to grow or simply assist in keeping you healthy.

Cons:

  1. Whilst coworking fosters discussion and collaboration, on big days it can be easy to get distracted within the bustling coworking communities. However, some coworking spaces provide quiet areas and private offices for that extra level of privacy.
  2. Coworking can allow you to collaborate with a range of businesses, this proximity to incredible people from different industries can come with a cost, you may also find yourself close to competitors.
  3. Also a pro, everything in a coworking space is set up for you, which means that you are limited in terms of customization. However, it also means that you don’t need to worry about deciding how to design your space.
  4. You may also lose your unique culture for the overall culture of the space that you join.

If the benefits of coworking sound good to you please feel free to book a tour today.

Photo by Alesia Kazantceva on Unsplash