Benefits of Shared Office Space for Startups

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The benefits of shared office space are numerous for a business. It is economical, flexible, saves time and energy and best of all – it leads to a stronger working relationship between employees. Recent studies indicate that the figure of collaborative users will climb to 3.8 million by 2021 and it is forecast to touch 5.4 million by 2021.

With rising demands and now more than 14 thousand+ coworking spaces operating around the world, the number of startup companies looking for a space to rent is also expected to increase exponentially. coworking spaces are perfect for startups, because unlike established businesses, startup companies are usually only in the early stages of development and need a spacious place with enough room to grow. Moreover, in the startup stage, there is no need to make any initial investment for equipment or materials, so it makes financial sense to lease an office space. Renting a space works great for startups because instead of investing huge amounts of money for buying equipment and materials, they can just rent and save. The startup space rented must have adequate desk space, computer workstations, phone desks, break room and a place for employees to relax and work.

For a startup law firm, the benefits of shared office space is something worth investing in. A law firm usually needs several working spaces to meet the requirements of all its clients. It needs a spacious and usable area where all the members of the law firm can work out effectively without hindering each other’s productivity. In a shared office space, the law firm can choose different workspace and create the one that suits the needs of all the members. This is in contrast to what happens in conventional offices, where each member has his/her own desk and computer area.

This post was written by Tara Kintz. Tara is a director at Signature Workspace. Signature Workspace, owned and operated by Cantor Fund Management, offers services and amenities such as private offices, flex space, co-working space, virtual offices, meeting/conference rooms, and more. Click here for more informa