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The Main Difference Between Shared Office and Coworking

Let's talk about shared office and the difference in compare to the coworking space. Coworking industry has grown from a small movement into a global industry with an estimated 21,000 spaces worldwide.
shared office and coworking space

“Shared workspace” or “shared office space” are the umbrella terms used to describe any type of shared work environment that may include offices, open coworking, meeting rooms, dedicated desk rental, on-demand office space, virtual offices, and more.

What is a Shared Office?

With flexible work options and alternative work arrangements become more popular, new and different ideas keep on sprouting and taking hold. Shared workspaces are one such alternative which is continuing to grow in popularity.

It leaves wondering other people, what exactly are shared workspaces?
A shared workspace implies an individual occupant using space for a limited time. When they leave, that workspace will become occupied by someone else, instead of sitting idle.

Office sharing can be defined as an arrangement wherein a company that owns or manages a large space rents redundant offices to smaller companies.

The rental terms and inclusions of a shared office space are decided by the two parties who plan to share the office. Typically, the host will offer the space fully furnished and equipped with everything the incoming business might need like furniture, internet, phone lines and printers.

Benefits of a Shared Workplace

  • Creative Collaboration
  • State of the Art Spaces
  • Easy Scalability
  • Cost-Effective Office Solutions
  • Fully Serviced Facilities

Shared office space offers the support, adaptability, and sense of community needed for startups and small businesses to weather any storm and thrive no matter what the world throws at them.

What is a Coworking Space?

Coworking spaces are most often used as an alternative workspace option to coffee shops or working from home. A good definition of a coworking space is one where the basic amenities related to carrying out work as an individual contributor exist.

Check here more about what is a coworking.

Co-working is an arrangement in which workers of different companies share an office space, allowing cost savings and convenience through the use of common infrastructures, such as equipment, utilities, and receptionist and custodial services, and in some cases refreshments and parcel acceptance services. (Wikipedia)

Coworking is not just about the sharing of infrastructure and cost, it is about belonging to a community, accessibility, and sustainability. Co-working is the new way of working and sharing.

One of the advantages of these spaces is the ability to rent out only what you need vs an entire private office space, which can be costly. Through various membership based models, costs vary and allow for flexibility.

The features of such an office space typically include the following:

  • Shared space to work
  • 24/7 access to workplace
  • Conference and board rooms that can be reserved or rented on need basis
  • Wi-Fi
  • Shared printing, copying, faxing and/or scanning facilities
  • PBX equipment
  • Common kitchens, restrooms and/or lounges

The key idea behind offering co-working spaces is not only to aid start-up ventures to grow, but also to bring professionals working from home together, and build an intellectual community that can share ideas and knowledge, and in turn grow together.

Difference Between Shared Office and Coworking Space

There are differences when it comes to compare shared office vs. coworking space:

  • Privacy: With an office-sharing situation, you’ll have walls and a door between you and the other people in the space.
  • Infrastructure: Sharing an office with another business means that you will need to consider infrastructure.
  • Flexibility: A unique and beneficial difference between office sharing vs. coworking is flexibility.
  • Amenities: The amenities of an office-sharing arrangement are limited.
  • Price: Office sharing is more expensive than coworking.

Coworking spaces are designed for individuals, therefore it has less space compared to shared office spaces, and most coworking spaces are very customizable. According to statistics, available coworking spaces are expected to double by 2024 which will surpass 40,000 spaces.

When it comes to shared office space, since you are renting a relatively large office, this solution is typically used by startups or other companies that only need to gather periodically.

The shared office gives you the flexibility, convenience, and cost savings that a coworking space also provides. The real difference is that you are essentially a guest in an already established business.

You are subleasing an area within their space, rather than joining a space which is creating a community which encourages collaboration, networking, and productivity.

With all these benefits, coworking space is a great option for individuals and organizations in search of a workplace.

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