Office space can be a drain on resources for
any companies. Most property owners and commercial real estate agents demand longer
lease terms and high security deposits when securing an office. This is usually
not an ideal for young and new companies who are looking to grow and avoid
Moving away from traditional thinking and
taking creative approaches to office space can be a great way to save time and
money. With the increase of digitally-based companies, co-working environments
can be great solution for a wide range of start-ups to large companies that
don’t require a big on premise footprint and want to interact with other
The first way to creatively deal with the
need for office space is to introspect, why do you need a traditional office
space? Can’t you share? Once you have solved for these two questions you are on
the path of choosing a shared office space. With the increase of
digitally-based companies, co-working environments can be great solution for
start-ups that don’t have a big footprint and want to interact with other
While looking for co-working space following
criteria should be considered
Does the shared office offers flexibility on lease term,
i.e. allow you to rent by the hour, day, month, or year?
The key to co-working spaces is that they foster
collaboration. Are there like minded companies around?
How convenient is the location for all your staff
Do they have IT support for internet and conferencing?
Shared office space also is yet another great
alternative to leasing that encourages collaboration and provides opportunities
to share your ideas with others. There are dozens of way to take advantage of
sharing office space with other companies. That is why companies like Cokarya got started. Cokarya was designed to cater to the needs
of a freelancers from “pay per use” model to support small businesses with
spaces they need. They work with larger companies to look into their space that
they actually need. You essentially get to rent a desk or a cubicle for a fee.
The nice thing about the arrangement is that is can be completely customized.
Finally, there is no one solution for office
space needs, thus would encourage you to be creative when thinking about office
space. Saddling a start-up business with a huge liability like a high deposit
fee can be tough when resources are limited. Especially when there are so many
alternative solutions available.