Shared office spaces are one of the most popular office trends for 2020 and beyond. Millennials have adopted shared office spaces as a way to save money while still having access to common office amenities. These amenities include conference rooms, printers, kitchens, and more at a fraction of the price of traditional rental agreements. Here are some ways a shared office can help your business save money this year:
When renting a shared office space, you do not have to worry about common office furnishings including chairs, desks, or filing cabinets. Traditional rental office spaces are typically empty, and the cost of furniture can add up quickly. On top of the monetary cost of office furnishings, furnishing an office from scratch can take a lot of time, which if you are running your own business, you don’t have a lot of time to spare.
Shared office spaces may provide receptionists and administrative staff, depending on the company. At Barrister Executive Suites, we provide receptionists, mail sorting & delivery, janitorial staff, and more. This is beneficial compared to traditional rental offices because your business does not have to pay wages for these roles. Tasks such as answering the phone and greeting clients are covered by the staff at shared office spaces.
Flexibility of Contracts
In shared office spaces, you do not have to worry about being tied to a lengthy and costly contract. Shared office spaces are typically rented at a month-to-month basis and are a fraction of the monthly cost of a traditional office space. This flexibility is priceless for startup businesses that are unsure of what the future holds. Also, the low cost of a shared office is a definite bonus for all businesses that use this service. Who wouldn’t benefit from lower overhead costs?
Barrister Executive Suites is a great alternative to traditional office leases for those looking for flexibility and lower costs. Check out the Barrister Executive Suites Office Suite Cost Comparison to see for yourself how much you could save when using a shared office!