By Tian DuBelko
As a first-time tech founder, the high costs of office space and office services can be challenging to deal with, especially in Washington, where office leases are expensive. And while cost can be a big factor in your decision to join a shared office, there are other factors you should consider.
The shared office, aside from being immensely popular with Millenials, has changed how we think about work. There are many advantages of a shared workspace compared to traditional offices. According to studies, today’s entrepreneurs prefer a social work environment that comes with amenities at a relatively cheap price.
It’s easier than ever for entrepreneurs to minimize their administrative and operational costs with affordable office spaces. With shared offices, you can still have access to the same amenities and perks as you would have if you shelled out big bucks for a traditional office.
So why should you choose a shared office over a traditional office? There are some persuasive reasons:
Better Cost Efficiency
While traditional offices have a long-term, high monthly rental cost, shared offices are flexible in how you choose to set up. Most shared offices will allow you to rent month-to-month and only pay for what you need. If your company needs more hot desks or private offices, you can always add it to your monthly plan.
Greater Flexibility
As your company grows, you will need to hire more people and access more resources. You’ll also need more space to expand your business. Luckily, a shared office can help with all of those things, as its flexibility allow you to scale up, unlike a traditional office. On the other hand, if you need to downsize and scale down, a shared office space will let you do that too.
Lower Maintenance
Perhaps the biggest reason to join a shared office space is the existing infrastructure. Since you don’t have to worry about setting up your own office, you can focus solely on the day-to-day operations. And you can be sure to count on fast internet and office supplies like printers and copiers.
Flexible Work Hours
In a shared office, you can set your own work schedule. Since most spaces are open 24/7, you can have full control over your time and when you work. Because you’re not obligated to a specific time schedule, you can be productive at all hours and still have time for non-work commitments.
More Social Contact
While it’s not every person’s priority, many people prefer the social, laid-back atmosphere of a shared office. It’s also a great place to expand both your personal and business network. And it’s a great environment for meeting people from different and diverse fields.
Ready to Jump Right In?
Choosing the right shared tech office space can jumpstart your tech business and accelerate your company’s growth. In the right ecosystem, you’ll have an easier time hiring top talent, expanding your network, and even securing the next round of funding.
Think your Seattle tech company might be a good fit for ExtraSlice’s community of trendsetters and innovators? Then book a tour of our tech campus or visit our website to learn more about The Place for Tech!
