The difference between co-working and shared office space vary on the requirements and goals of the individuals. It is important to analyse each co-working space as shared office space on an individual basis. Each and every business requires a few things which can allow the space to work for their needs. Here are some of the key differences when it comes to shared workspace and co-working space.
The target audience
Co-working space is usually geared towards freelancers, entrepreneurs and startup business which can cater to more established businesses.
The location of the co-working space is not tied to a specific location and are mostly standalone buildings. Shared office spaces are housed together where there is business centres which offer a workspace solution which works as a virtual or a private office.
At a co-working space, one can easily find the entry-level business amenities, including free coffee and tea. They generally have a shared kitchen, Wifi connectivity, printers, photocopiers. The co-working spaces allow one to access the meeting, conference rooms, mail services but for additional fees. Shared office spaces provided a greater range of traditional office amenities to help the members with their day to day running of a company.
Co-working spaces often focus on building a community which tend to offer a wide range of networking events. You will be surrounded by dozens of people who meet the flow of the new contracts that cohabit in a traditional office space for a few workers.
There are many co-working spaces includes breakout areas and open plans designs to encouraging members to converse and collaborate. Co-working spaces also include private offices and meeting rooms which can be rented out by the members, which offers diverse co-working areas. Shared offices are more traditional office design which allows the business to rent out the private room for its employees. It tends to be more segregated from aesthetics which can have a more conventional, compared to co-working spaces.
Co-working spaces tend to operate on a more flexible basis which can be rented out on hot desks. There are many spaces which offer a lot of members which is reduced during the time of sign up on the fixed term, which is usually six months. Shared office space usually leases suites for the period of a year, which allows them to be more flexible with the operations for the time being. A co-working space allows one to have the flexibility of the space allowing it to grow on a fixed rate while our business grows.