Shared Office Space and How They Work

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If you want an office space without the long-term commitment of renting one yourself, then a shared office space could be the perfect solution for you. Find out everything you need to know about shared office spaces and how to find the right one for you.

What is shared office space?

Shared office space refers to the practice of two or more businesses sharing a commercially leased office. While the term can refer to a managed coworking office or a serviced office, it is more commonly used when the tenant of a privately leased office rents out their unused space to another business. 

Why do businesses choose a shared office space?

A shared office space gives companies all the facilities they need within a professional coworking space – without sole responsibility for the costs associated with an office space.

Lower costs and better budgeting

For businesses that need a permanent office space, but still want to keep overheads low, a shared office is a great option. Not only does sharing an office space keep costs low, but they’re also usually on rolling contracts. This means you only need to commit to renting a space a month in advance rather than three, six, or even twelve months. 

As a start-up, it can be difficult to keep on top of cash flow and predict how much revenue you’ll have coming in. Whilst you get into a rhythm and begin to build up your business, a shared office space can give you the security and peace of mind you need to focus on what really matters.

Networking opportunities

A shared office also provides a great opportunity for businesses to connect and collaborate with other like-minded businesses from a range of different industries. Sharing an office space gives you the chance to network and bounce ideas off one another, and if you work in complementary fields, then you may even find your next business partnership.

Access to amenities

When you work from home, you may not have everything you need to do your job effectively. But when you sign up for a shared workspace, you’ll instantly have access to all the facilities you need, from high-speed WiFi to printing and scanning. 

Most shared office spaces also have office support, call handling and mail distribution, so you don’t need to worry about the ins and outs of running an office space, and can instead turn your attention to growing your business.

How do shared office spaces work?

A shared office is often another term for a coworking space. A coworking space is an office in which multiple businesses share the same space, allowing small businesses and freelancers to rent a desk in a shared office. Usually, you can choose to reserve a dedicated desk within a space – a shared office which you may share with others – or hot desk within that space.

Here at Easy Offices, we offer flexible work spaces to match your budget, so you can find a shared office solution to suit your needs. 

Find your perfect shared office space

Whether you’re based in Cardiff or Cambridge, we’ve got shared office spaces all over the country. Let’s take a look at some of the best options on the market.

Deansgate, Manchester 

In the heart of Manchester’s commercial centre, this building comprises 11 floors with office spaces to suit businesses of all sizes, whether you’re looking for a large office all of your own or a vibrant coworking space. It’s the perfect shared office space if you’re looking for something in Manchester’s bustling city centre.

Stratton Square, Mayfair

This stunning building, originally an arts and crafts residence, in the heart of Mayfair offers an incredible office space to act as a base for any business. With offices, lounge space, meeting rooms and event space, all featuring original design from 1895, this shared office space is a truly unique option for your business.

Princes Street, Edinburgh

Base yourself on one of Edinburgh’s most iconic streets with our shared office space on Princes Street. This world-class business premises spans six floors with beautiful views over Princes Street Gardens, the Royal Mile and Edinburgh Castle. Nearby are bus, train and tram stops all within easy walking distance of the office.

Cathedral Road, Cardiff

This incredible Grade II listed building looms over the beautiful Sophia Gardens – perfect for a lunchtime walk to gain some inspiration during the working day – whilst the shared office space is fully equipped with everything you need to stay productive.

Lewes Road, Brighton

This fresh and modern office is home to a wide range of creative thinkers. Members of this shared working space will benefit from access to an inspiring community of professionals, with opportunities to collaborate and learn from experts in a variety of subject matters.

Albion Street, Leeds

This dynamic shared office space in the heart of the city is in a prime position, easy to get to whether you commute by train, foot, bike or car. The office has everything you need to thrive, including super-fast WiFi, breakout areas, meeting rooms and a fully-furnished space.

Find a shared office space

If you’re ready to save money, network with like-minded people and grow your business, then a shared office space could be a great option for you. We’ve got state-of-the-art office spaces all over the country, so get in touch with us today to find your new office space today.

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