What Are the Costs of Using a Co-Working Office Space?

When considering a co-working office space, it's important to understand the associated costs. Learn more about how much you'll pay to rent traditional office space and alternative options that may work for your smaller office needs.

What Are the Costs of Using a Co-Working Office Space?

When considering a co-working office space, it's important to understand the associated costs. A co-working agreement will include the expenses of maintaining the common area as part of the contract. This includes utilities, cleaning common areas, or even capital improvements to the building. Additionally, many people find the co-working space worthwhile if the membership includes quiet rooms or the use of meeting rooms, especially if their own home doesn't have space for multiple workers.

Renting office space by the hour in New York can be cost-effective and flexible on demand. In addition to offering office space and shared services, some co-working space owners actively encourage collaboration among their members by sponsoring networking events or “getting to know each other” websites. However, many co-working memberships can quickly become more expensive than even a small traditional office space. Working from home can be stressful, especially if there isn't a home office or a segregated workspace.

Fortunately, creating a large co-working space can cost absolutely nothing, because co-working doesn't require a dedicated space to do so. This has led companies to rethink their real estate options and take advantage of the benefits of in-person meeting space with the flexibility to work whenever and wherever they want. For workers who don't normally see anyone all day if they're working from home, the community aspect of a co-working space can be a big plus. Store meals and snacks on site if your coworking space includes a kitchen.

Additionally, simplify your life and save time by choosing an office that is close to stores, banks, gyms, or your favorite meeting places. Serviced office spaces offer substantial savings for those who don't need to use an office full time. With serviced office space, you only pay for facilities as you use them, and at a much lower price than renting a traditional office. As such, coworking spaces save substantial costs compared to traditional office spaces for those who don't need a large team and dedicated use of facilities.

Carol Toefield
Carol Toefield

Subtly charming internet buff. Infuriatingly humble gamer. Freelance tv buff. Total zombie lover. Infuriatingly humble twitter guru. Professional organizer.