Renting coworking space is not for everyone, but it is a viable option for those giving thought to leasing an office space for lease. In this article we will touch upon the major considerations when renting coworking space.
We are Fort Worth Design District, offering high-quality coworking space at Paddock Place Office Suite. Call us at 817-439-3224 for more information or to arrange for a tour of our facilities at Paddock Place Coworking Spaces.
Our five-step guide when renting coworking space includes the following:
- Yes, you can save money
- Yes, the ambiance is very different
- Pros vs cons
- Accessibility is important
- Read the fine print
Let’s look at each of these in a bit more detail.
The cost of coworking space in the Fort Worth Design District starts at $400 per month. The cheapest office space for rent in the District starts at $875 per month, at Box Office Warehouse Suites.
Yes, you can save money by coworking!
In addition, for most coworking space, utilities and WiFi are included in the cost, thus saving more money.
If money is an issue, if your budget is tight, renting coworking space is a viable option, one which should definitely be considered.
There are two ways to look at the ambiance of a coworking space: you do not have the privacy of renting your own office space, but you also share common areas in a coworking space, giving you the chance to mingle with like-minded people and to share ideas with them. There is an energy about coworking spaces that you cannot find when renting office space in a stand-alone office.
Do you need solitude or would you flourish working around others?
Pros vs cons
We have already touched upon the major pros and cons of coworking space. Consider, also, the minimal responsibilities involved with coworking spaces. You are not responsible for the upkeep. You do not have to worry about the day-to-day concerns of renting your own office. You turn all of that over to the management team when renting coworking space.
On the other hand, the biggest complaint about coworking space is the distractions some face when working in close proximity with others. Some people cannot handle those distractions. Some people love them.
Which one are you?
Make sure the coworking space you are considering is available 24/7, 365. You work your schedule, and you want your office available based on your schedule. A coworking space does you no good if you can’t use it when you need it.
Read the fine print on your leasing agreement. Make sure you know what you are responsible for. This may be tedious but it is necessary. Sit down with the leasing agent and make sure there are no misunderstandings or hidden costs.
A word about the Fort Worth Design District
The Fort Worth Design District is over forty-acres of prime industrial and commercial property for lease, including Box Office Warehouse Suites, Paddock Place Office Suites, and the Golden Triangle Business Park. Call us to arrange a tour and we will answer any and all questions you have about this brand new, funky, enlightened business conclave.