With this review of the pros and cons of shared office space for modern companies, we begin with the downside. In fact, for most business today there are very few drawbacks when it comes to sharing office space for a company today, as many of the ideas around what a modern office space have changed in recent years. In the past, companies that shared office space might have been seen as simply lacking sufficient funds to rent their own office, and thud perceived as weaker businesses. Since most business deals today happen outside of the office, the need for an office space for one company to use alone has been greatly reduced. Office rental agencies like, www.officeevolution.com, have been renting shared office spaces in and around the Chicago area for nearly a decade, and their clients include some of the largest companies in the state. So, perception isn’t a problem when it comes to sharing office space these days, but privacy might be.
For companies that work in areas of business which involve higher levels of client privacy, co-working space shared with other companies might make their clients uneasy. People that have businesses which require delicate dealing with private clients, might want to avoid a shared office. Even though privacy is usually not an issue with companies that use shared office spaces, sometimes even the fact that an office is occupied by other companies can make certain clients feel uneasy. Oddly enough, tax forms are not usually keen on sharing offices because of privacy issues.
Now let’s look at the upside of renting a co-working space in Chicago. Shared offices mean that companies have a better chance of networking with other business partners in their building, or right in their office. Smart business people know that in today’s business climate, companies have much more to gain by working together with other agencies rather than competing with them. There are an awful lot of shared office spaces in the Windy City which have resulted in businesses merging and creating larger, more successful companies. Isolation from other companies is a business death sentence these days, and the more companies mix and have contact with other agencies, the more likely they are to make it in the long run.
The cost of a shared office space in Chicago is by far a huge perk over renting an office space for just one company. Chicago’s business district is more expensive in terms of rent than Central Park in New York, and there are even less available spaces for renters. There are companies in Chicago that have been on waiting lists for more than a year, trying to get an opening in a central office building. Shared offices are easier to find and far less expensive. Companies shouldn’t consider sharing with just one other office, but rather with several others. Each time another company enters the shared office agreement, the lower the rent is for all of the companies. People ought to just imagine what they might be able to do with all that extra money they save on rent.