neighbors. That can be a drawback for the wrong company, but a positive for the right one. Many times, they are filled with like-minded companies or startups. The common areas are a place of sharing. If there is a receptionist they will work with all of the tenants, along with IT support. But the amenities will be shared the most, especially any coffee areas, gyms, or lounges.
It’s Normally in a Great Location
Since these need to be sought over and have drawbacks that keep the average business away, they have to be in the best business areas. Many companies need to be located in the downtown or central business areas but have to wait for space to open. They use these shared spaces until one does. Or, the company will be based out of a shared space until they grow enough to move into a permanent space. The location could be what benefits them.
Price
This is the other reason that creates a need for these types of offices. The price is considerably less than a lease. It is less than having your own space and it is not a long-term financial cost like a standard lease. There are many scenarios and situations where this short-term license will greatly benefit a company in some sort of bind. They also let you take up the space for the exact number of employees, ensuring that you’ll never pay for more than you need. Also, usually just one flat fee covers all the other costs. There are no upfront costs to this either. This is why so many startups and new companies will start in these types of offices when they can’t
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