Shared Office Spaces: The Cost-Effective Answer

beautiful office space at Barrister Executive Suites with a lot of natural light

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:

Fully Furnished

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.

In-House Staff

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!

Why Barrister is Better than Coworking

Whether you are a new business looking for the perfect office location or an established company just looking for a cost-efficient upgrade, consider why a shared office model is the way to go. Barrister didn’t hop on the coworking bandwagon when the shared economy started trending – we pioneered the shared office model in Southern California over 40 years ago! Even though it may seem like coworking is the hottest, latest trend in the business world, our shared office model has been sizzling in Southern California for decades.

Coworking vs Shared Offices

Coworking typically entails one large space filled with desks and people typing away on laptops while conducting conference calls on their cell phones. Wi-Fi is usually provided, and sometimes light refreshments are included with a membership fee. Unfortunately, if you find yourself becoming unproductive in an open environment amongst other professionals, private offices may not be available. This can be especially challenging when you need to meet with a client or take a confidential call.

In comparison, companies who lease with us at one of our shared office locations have access to all of the perks of coworking plus additional benefits of amenities including fully furnished offices, professional reception services, telephone answering, breakroom/tenant lounge use, janitorial services and much more. Tenants are able to reserve conference rooms that are equipped with the technology needed for a smooth and disruption-free meeting. Best of all, the shared office approach limits the number of people you share a room with, which decreases distractions and improves efficiency while still preserving the networking benefit of a commercial environment.

Services & Amenities

Shared office leases are a fraction of the cost of a traditional lease, with less of the headaches. At Barrister, our tenants experience turnkey Executive Suites, advanced infrastructure like enterprise grade internet and other privileges that don’t exist in coworking spaces, all while minimizing our tenants’ overhead.

So, next time you come across a “trendy” coworking space and think that it may work for your business, consider everything you would have to sacrifice. Privacy and access to on-site management can impact how efficiently you’ll be able to get the job done.

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