For example, if someone is looking for marketing help with their business and you are a marketing agency working in a shared office space, co-workers in that office may recommend you.Ĭo-working spaces are ideal for workers/”one-man” businesses who want a great place to work without feeling isolated at home all the time. Not only will you learn from each other, but you may end up buying services or goods from each other! It can also create invaluable word of mouth buzz as co-workers may mention your business to others. This invariably leads to talking about each other’s businesses.

When sharing your workspace with other businesses, you are bound to talk to others, whether that’s whilst you’re making a cup of tea or on lunch break. Working in a shared workspace can bring amazing opportunities to network with other start-up owners. You really do get the best of both worlds here! You can also cut down or eliminate all the other associated costs too! So, if you’re a business owner looking for a work-based environment however are on a budget, it’s perfect. One of the main things that makes shared workspaces so likeable is that they are almost always cheaper than renting out a private space.

Build in fees for solicitors/surveyors, insurance, repairs, business rates, service charges and VAT, and running a fixed office can be an incredible burden on a business. The cost of renting permanent office space has skyrocketed in recent years, and the costs don’t stop there. Here’s the lowdown on why shared workspaces are becoming so popular. Globally, it’s estimated that there will be 26,000 coworking spaces by 2025. While the traditional fixed office still dominates, there is a rapidly growing demand for co-working spaces. The idea’s been around for decades but it’s really come of age in the last few years.

Ever considered working in a shared workspace? This is an office space where other people/companies are sharing the room with you, doing their own work while you do yours.

Shared workspace