By Innovation-SA on November 25, 2022 in Blog
The popularity of coworking spaces is growing all over the world. A shared office has become a substitute for a regular office or working from home for many budding entrepreneurs, start-ups, and freelancers. Recently, even large companies have been using shared offices. Unlike the conventional office, a freer and more friendly atmosphere reigns here: all the inhabitants exist in the workspace on an equal footing. This format is, however, not suitable for everyone. If you are faced with the choice of traditional or shared office space, it will be helpful to compare the pros and cons of both and to determine which is most suitable for your company.
Ease of Renting
The main advantage of a shared office is the speed and convenience of renting it. You will very quickly find a workplace in a coworking space for one or more employees. The choice of coworking spaces in large cities is quite extensive, so you will surely be able to choose the most convenient location. You can try a coworking space, and if something is wrong with it, you can move to another one. In the case of an office, this can also be done, but only by spending a lot of time and money.
Comfort & Privacy
In terms of basic comfort, the traditional office wins. The space belongs only to you, there are no strangers, and there is much less background noise. Concentrating can be difficult, and not everyone can work in an atmosphere of constant movement and conversation. However, if your employees are creative individuals doing creative work, they may be more comfortable in a freer coworking environment. If you are working on something unique, coworking spaces are not for you. It’s easy to leak information here that could be detrimental to your business.
Comparing the terms for renting a coworking space and an office, it should be noted that the minimum terms for renting offices are, as they should be, long, and it requires a complex formalization of relations with the landlord, making a deposit, and issuing insurance. You can use coworking for several hours, a day, a week, a month, a year – as long as you wish. To become a coworking resident, you need to call or fill out an application on the business center website. If you hire another employee, this does not become a problem in shared offices as you can easily rent additional workspaces or enclosed spaces for the team. In the case of an office, expanding your staff requires the redevelopment or renting of additional space.
Renting a coworking space is cheaper than an office. It is worth considering that there should not be any additional costs here – all administrative work lies with the owners and not with you.
This factor depends only on your team. If clarity and discipline are important to you, it is better to choose an office. In coworking, on the contrary, those who value independence, and a creative atmosphere will work more productively.
Both types of office spaces have pros and cons. Which is better for you depends on the specifics of your business. Coworking is suitable for freelancers and owners of small start-ups. If an informal atmosphere, expanding the circle of acquaintances, and the ability to work at any convenient time is important to you, coworking is the best option for you. The office will be convenient for a company that already has some stability. If you need consistency and clarity, are developing a unique product, or want to work in silence, you should choose an office. If you are running a business in Saudi Arabia, Innovation-SA has shared office space in Riyadh, Jeddah, and Al Khobar. We also have fully furnished and serviced offices in our business centers if you are looking to lease one for the long term.