afford the upfront costs of a long-term lease.
CONS OF SHARED SPACE OFFICES
Many of the same characteristics of pros can be cons in certain situations. Also, many of the pros are only possible because of the negative aspects of these offices.
Fewer Protections
Since there’s no lease and just a very short license agreement, you and your company can find yourself out the door very quickly. There are no legal protections that guarantee you the space or a certain amount of pay. The rate could also hike up with demand. This leads to a level of uncertainty over the long term at these spaces. The licenses can get terminated by the landlord on 30 days’ notice (sometimes less). You almost need to always have a quick backup plan if you are using these spaces. The building may get sold or may be rented out to a full-time tenant. If these things happen then all the current licensed tenants may get booted out as soon as possible. This is the risk that you run. The longer you work out of these spaces the higher the chance that something like that could happen. I wouldn’t go into one of these spaces without a backup plan in place.
Confidentiality and Privacy Concerns
At times in these offices, you may be surrounded by a lot of other people in a large room. It can get noisy and unpredictable. You may also have to move to a lateral space to accommodate larger teams. If your company has private and sensitive information, it isn’t the best area to be in. It will be tough to find a secluded spot most
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