Chances are excellent that many of you reading this article not only do not know what coworking space is, but you really don’t know if it is something which will work for you, based upon the lack of information you have.
We are here to clarify and eliminate the confusion regarding coworking space, we being the Fort Worth Design District, rockin’ the Fort Worth area with a completely new, and completely different, enclave of commercial and industrial properties. Call us at 817-439-3224 for more information; whether you are looking for an office space for lease, a retail space to lease, warehouse for rent, or any other kind of commercial or industrial space for lease.
What is coworking space?
Coworking space is otherwise known as shared office space. Instead of the traditional office space, leasing an office building, or leasing an individual office space in an office building, with coworking space you are simply renting a “space” from among many shared spaces in a central area. Think traditional office portioned into individual workspaces and you will have a decent idea what coworking space is.
Obviously, the first advantage of coworking space is the low cost. Instead of paying for a commercial lease on an entire office, which will easily cost you a couple thousand dollars per month, coworking space can be rented for as little as $500-$700 per month. The other main advantage of coworking is the fact that it can be rented short-term, from month-to-month, with no long-term commitment and the associated costs of a long-term rental agreement.
What kinds of people will coworking space appeal to?
We saw a huge increase in remote working during COVID, and a corresponding huge increase in coworking space because of COVID. As a country we suddenly realized that many jobs traditionally performed in an office building could, in fact, easily be performed either at home or some other remote location.
Traveling executives benefit greatly from coworking space. Small companies which only need office space occasionally benefit from coworking, as do home-based businesses which occasionally need a professional location to meet buyers.
Will shared office space work for you?
We cannot answer this question for you, but we can advise you to give it some serious consideration. Coworking space can easily save a company tens-of-thousands of dollars per year. That fact is indisputable. The only question is whether your business has a valid reason for having an office 24/7, 365, or is it entirely possible for your business to function nicely without a full-time office?
Again, there is no way for us to answer that question, but if you are considering it, we strongly suggest you go to a coworking space in your city and see what it is all about in person. Talk to other business owners who are utilizing it and get their input. For a possible savings of thousands, it is worth doing some leg work to determine whether coworking is a good fit for your company.
A final word about the Fort Worth Design District.
The Fort Worth Design District is located in the Alliance Area of North Fort Worth, and it is comprised of Box Office Warehouse Suites, Paddock Place Office Suite, and the Golden Triangle Business Park. Call us, tell us what you need, and then turn us loose to find it for you in this funky and creative business enclave.