For those of you unclear about what coworking is, consider it to be office space for lease for those looking to save money and stay within a tight operating budget. It comes in several forms, all of which we will talk about in this article. For more information, call us at (817) 439-3224. We are RDS Real Estate, and we lead the way in innovative commercial and industrial property solutions in the 21st Century.
What is coworking?
Coworking space is basically the sharing of office space, or in a broader sense the sharing of a work space. With regards to an office space for lease, coworking would involve renting a single work station, sharing a small office for rent with one other person, or sharing a larger office with several other business workers/owners. Rest rooms are shared, as are break rooms/lounges and conference rooms.
How is coworking budget-wise?
Instead of signing a yearly lease on a single office space for rent, you sign a weekly or monthly lease just on the desk/shared office you rent. The lease is non-binding after the week or month you rent, meaning you are under no legal obligation once that short period of time has expired.
Instead of paying a yearly lease on an entire office space for, say, $1500 month, you would pay a weekly lease of perhaps $200, or a monthly lease of $400, depending upon the size of the space you are renting.
Who does coworking appeal to?
Coworking has become quite popular with the proliferation of small businesses and home-based businesses. Any business on a small, tight operating budget would find coworking appealing, as would any traveling business person, one who spends a great amount of time “on the road.” Instead of holing up in some hotel room doing paperwork, or trying to do it in some Starbucks, a business professional can simply lease an office space for rent for a short period of time.
Where can you find a coworking setting?
Most major cities already have coworking opportunities. It has been growing in popularity since the Dot.com outbreak in the 90’s, so finding one in any city of decent size should not be a problem. Just do a quick Google search of “coworking” and your city name, and you should find several options.
An alternative to coworking
One other thing you might consider, if you stay in one city as a small business, would be to lease an office space with another small business owner….sign a yearly lease with two or more other small businesses….you can have a shared reception area, share the rest rooms and the break rooms, but have separate businesses within. This would save money and be workable for a number of small business owners in your area.
About RDS Real Estate and Paddock Place Office Suites
RDS Real Estate is a locally owned and operated commercial property company with over one-million square feet of multi-use properties for lease, including Paddock Place Office Suites, the premier coworking location in the Fort Worth, Texas area. Contact us for more information about the Fort Worth Design District.