<p><img src="/uploads/Benefits_of_Shared_Office_Space_for_Businesses_326dcc9b3c.jpg" alt="Benefits of Shared Office Space for Businesses.jpg"></p><h2>The Top Benefits of Shared Office Space for Businesses</h2><p>If you are a business owner or in the process of setting up one, managing the expenses is the topmost challenge. Many businesses in Pakistan have closed their doors permanently or scaled back their operations due to the high cost of doing business. The high rent and utilities account for a significant portion of the operating expenses. It impacts profitability and undermines an organisation's ability to remain competitive.</p><p>So, what’s the solution to this challenge? Businesses have employed several strategies to offset the impact of high rent and utilities. A lot of them have relocated to other areas where the rent is relatively less compared to a prime commercial location. Others have moved into smaller offices but opted for energy conservation efforts. For instance, they turn off the air conditioning or heating after 5 p.m., after which peak hour rates are charged.</p><p>Of course, these measures impact their professional image and employee productivity. One of our members who had a rental space in a prime commercial area of Islamabad said moving out of the space resulted in top talent moving to other jobs. They were unhappy with the new space as they no longer had private rooms. A lot of amenities they had become accustomed to were not available in the new office space either.</p><p>If you are looking for ways to cut operating expenses without compromising employee productivity or business growth, we recommend moving into a <a href="https://thedesk.pk/shared-office">shared office space</a>. This discussion elaborates on the top benefits of a shared coworking space for businesses. Before we highlight the benefits, let’s first understand the concept of a shared office space.</p><p>&nbsp;</p><h3>What is a Shared Office Space?</h3><p>It refers to an office space you share with other businesses, freelancers, or remote workers. The most common term for a shared office space is a coworking space. Businesses can rent individual desks for their employees or pay for a private office within the shared space. The best thing about joining a coworking space is the flexibility. A business can quickly move between different plans. For instance, you can move from open desk seating to a private without committing to a long-term lease.</p><p>Let’s review the benefits of a shared office space for a business in more detail.</p><p>&nbsp;</p><h3>Shared Office Space – The Perfect Solution for Businesses</h3><h4>1. Cost</h4><p>A coworking space is much more cost-effective than renting a dedicated office space in a prime commercial area. Let's take Islamabad as an example. I-8 Markaz is now a top location for businesses. The below images show the rent for a typical office space.</p><p><img src="/uploads/shared_office_1_e5105d792d.png" alt="shared office 1.png"></p><p style="margin-left:40px;text-align:center;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Source: Zameen.com</p><p><img src="/uploads/shared_office_bf41445135.png" alt="shared office.png"></p><p style="text-align:center;">&nbsp; &nbsp; &nbsp; Source: Zameen.com</p><p>You can well imagine the rent for commercial spaces when you move towards areas like the Blue Area, which are more developed. Even if you are a well-established business, paying such an amount in rent is impractical. You can use the money to reinvest in your business, focusing on growth or hiring top talent. Apart from the rent, you must set up the office from scratch as these are not furnished office spaces.</p><p>Now, let’s look at what a private space within a coworking space costs.</p><p>You can review The Desk’s packages <a href="https://thedesk.pk/packages">here</a>. There is a considerable difference between the rents. On top of it, a coworking space is furnished, meaning you don’t need to pay for the furniture or anything else. All you need to do is pay the membership fee, and that's it. Indeed, it is a much-needed respite for businesses reeling from high rental costs. Utility bills are handled by the coworking space, not the members, which is another benefit.</p><p>&nbsp;</p><h4>2. Growth Opportunities</h4><p>Top coworking spaces offer growth opportunities to its members. For instance, <a href="https://thedesk.pk/">The Desk</a> holds regular workshops and events covering various topics. These gatherings help businesses stay updated with the latest happenings in their industry. Secondly, it provides your business with free publicity. How? Just by participating in these events and workshops, people get to know about your products and services.</p><p>&nbsp;</p><h4>3. Abundant Talent</h4><p>An organisation’s human resource is a source of competitive advantage. Of course, the talent needs to be skilled, and their values must align with your objectives. Even in a country like Pakistan, businesses face challenges recruiting top talent. The primary reason is our educational system does not impart the skills which businesses require. In a coworking space, you have very diverse members.</p><p>It gives you instant access to top talent without advertising on job portals or your company's career page. In many cases, you may see the top talent directly engaging with your organisation’s HR for potential job opportunities. A well-designed standee indicating you are hiring for a specific position is another way to attract talent without incurring substantial costs.</p><p>&nbsp;</p><h4>4. Amenities</h4><p>Earlier, we talked about one of our members who could not retain their top talent after moving into a smaller office. They were quite happy when asked about their experience after joining The Desk. The business owner remarked that some of their previous employees had contacted them to rejoin their old positions. Employee productivity is also showing a noticeable improvement.</p><p>What factors are responsible for this improvement?</p><p>The design, furniture, and overall aesthetics are all according to modern business requirements. For instance, a top coworking space in Islamabad or elsewhere will have ergonomic furniture, which is pivotal in improving employee wellbeing. Even top organisations don’t offer ergonomic furniture. Secondly, members can access high-speed internet, a shared kitchen, printing facilities, and sometimes free snacks.</p><p>&nbsp;</p><h4>5. Professional Outlook</h4><p>If you wish to invite a client for a meeting, you can book a <a href="https://thedesk.pk/conference-room">meeting room</a>. Members also have access to a common reception and a waiting area. The below image shows one of The Desk’s waiting rooms.</p><p style="text-align:center;"><img src="/uploads/waiting_room_the_desk_020fe094bc.jpg" alt="waiting room the desk.jpg"><br>The Desk Waiting Room</p><p>Have a look at the meeting room below.</p><p style="text-align:center;"><img src="/uploads/the_desk_meeting_room_1_6d8bb03b16.jpg" alt="the desk meeting room (1).jpg"><br>The Desk Meeting Room</p><p>It is impossible to have such facilities even if you rent a large commercial area. You'll incur substantial costs even if you manage to set up one. It would be better to invest the money in refining your business.</p><p>&nbsp;</p><h4>6. Scalability</h4><p>An underlying idea behind every coworking space is flexibility. Members can upgrade or downgrade their packages without any hassle. If your business is experiencing growth and requires more resources, rent additional desks or move into a larger private office. If you are dealing with high uncertainty and the performance is not up to the mark, downgrade to a lower package to save costs.</p><p>&nbsp;</p><h3>Conclusion</h3><p>These are only a few benefits businesses can enjoy after joining a reliable coworking space. The emphasis here is on ‘reliable’ as not every coworking space is the same. Due to their increasing popularity, a lot of coworking spaces have opened up. They fail to realise that a coworking space is much more than shared desks. So, before selecting a coworking space, review our post titled, ’<a href="https://thedesk.pk/blog/factors-to-consider-when-choosing-coworking-space">12 Factors to Consider When Choosing a Coworking Space’</a>. It will help you distinguish between a reliable coworking space and one which exists only to make money at the expense of its members.</p>

Let’s review the benefits of a shared office space for a business in detail.


large_Benefits of Shared Office Space for Businesses.jpg

medium_Benefits of Shared Office Space for Businesses.jpg

small_Benefits of Shared Office Space for Businesses.jpg

thumbnail_Benefits of Shared Office Space for Businesses.jpg