Shared Office SpacesThe next big idea in commercial real estate

Are you looking for economic office spaces to fit in your limited budget?If yes then you are not the only one as majority of Indian business startups face a similar problem. The high prices of commercial property and office especially in metropolitan cities mean that seeking an office space has become one big challenge for most new entrants in the world of business.

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Economic Office Space

Thankfully to bypass this challenge there are many shared office spaces on the offering. As a concept shared office works well for all concerned as number of people of companies make use of the same office location and pay rentals as per their usage. The common areas in the office like conference rooms and meeting and boardrooms are used by all companies alike thus resulting in optimized usage of space at lower rentals. Real estate trends at property market places have revealed that shared office spaces have grown in popularity over the last few years showcasing a genuine increase in popularity of the same pan India.

The growing popularity of shared offices in India

The high real state prices in commercial office space which are well located have meant that shared office space is now an offer most new businesses need. Independently one company or business entity may not find the office rental in their budget but when two or more companies join in to share the office, it works well for all concerned.

Advantages and disadvantages of having a shared office

Just like any other new development a shared office space offers some advantages and some disadvantages. Before you make up your mind to go in for a shared office, it is prudent that you are aware of both.

Reduced RentalsA big advantage of shared office is the shared rentals and the financial affordability they bring. You can now pool up with other tenants and seek an office space which would have been out of your budget independently.

Lack of PrivacySometimes a lack of privacy can be a big negative that can go against a shared office. So if your business is working on a new idea or a novel concept, a shared office can mean increased chances of data or idea theft.

No availability in all citiesYou may be located in a smaller city where the concept of a shared office may not exist. As of now shared offices are only available in metropolitans and hence not available in all cities and towns in India.Other than all these the biggest benefit of having shared office space is that it comes handy with all kind of set-ups including seating, internet, phone and water.

Slides prepared by Property.Sulekha.com