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Advantages and Disadvantages of Shared Office Spaces

shared office space

With this new wave of work availability in the UAE, shared office spaces have become an alternative for businesses who want to escape their regular offices.  As a result, co-working spaces offer possibilities to prosper in a workplace that provides a chance of taking the office environment to another level.

In this article, you’ll learn everything you need to know about the shared working area community. If you’re looking for a shared place, you’ll find the benefits and shortcomings of doing so. Here we’ll help you discover if shared office spaces are the best option for you. Let’s take a look:

  1. What is a Shared Office Space?
  2. Who can rent a Shared Office Space in the UAE?
  3. What are the Advantages of a Shared Office Space?
  4. What are the Disadvantages of a Shared Office Space?
  5. Why is a Shared Office Space the best alternative for your business?
  6. What are the best Shared Office Spaces in Dubai?
  7. How much does it cost to rent a Shared Office Space in Dubai?
  8. How can Connect Business Centers help you?

1. What is a Shared Office Space?

A shared office space is a place that offers the same benefits as a traditional office and more. They’re open environments, occupants pay for their rent for a specific period and leave once the lease is over. Co-working offices are the best alternative to escape the confinement of loud coffee shops and home offices.

Emerging companies are always looking for places to work for a reduced price, and that’s one of the main catches of a shared workplace. Costs usually vary according to the contracted services, for example, if it’s a permanent space or a flexible one.

Nevertheless, if you’d like to learn more about Flexible Desks, here is a guide about their multiple benefits and why is their popularity growing in the UAE.

This kind of space has been making changes everywhere, allowing companies to grow and expand the creativity of their employees. Giving them the right opportunities to feel free while doing their respective jobs. Recent research shows that shared office spaces can increase productivity while helping them stay focused on their tasks.

2. Who can rent a Shared Office Space in the UAE?

Spaces are rented by entrepreneurs and investors most of the time, but they can also be rented by:

  • Remote Employees who would like to have a quiet place to run their business.
  • Freelancers looking for a place to work outside of their homes or cafeterias.
  • Startup companies searching for a way to remain within budget during their build-up phase.
  • Consultants who want to find a space to hold meetings and interviews.
  • Big groups who are searching for the perfect place to reunite their employees coming from different parts of the world.
  • Businesspeople who are looking for new places to get inspired, rather than a conventional office.

Small companies are always looking for a place to grow. Also, many freelancers and solo workers are emerging in the UAE. That’s why shared office spaces are an ever-growing business, people are always looking for great places to establish themselves. In effect, shared workspaces help businesspersons by giving them flexibility and a great work environment.

Renting co-working rooms isn’t a difficult task when you have a great team by your side. Here you can learn more about picking the best office space for your company in Dubai.

Businesses can’t be directed in the UAE without a physical working space. That’s one of the reasons why shared space rentals are so popular in the country right now. Most startups are looking for an affordable and convenient place to grow their companies, subsequently, shared office spaces are the best place to make it happen.

3. What are the Advantages of a Shared Office Space?

There are many benefits in joining a shared office space in the UAE, that’s why we’re here to assist you while navigating through some of them. Helping you make a decision that’s convenient for your business. Most companies incline towards a co-working workplace due to its benefits, here are some of them:

3.1 Flexibility

Generally, the biggest advantage of this alternative is its flexibility. Henceforth, most of the lease agreements are short, offered on a monthly basis. For example, you could only rent for one single month and after it’s over decide if you want to keep renting the space or leave. This is an excellent choice, compared to the traditional working environment.

If you want to learn more about what are the benefits of a Virtual Office and why is it the right choice for your business, click here.

3.2 Accessible Cost Possibilities

Due to a vast variety of payment plans, no deposits, or upfront fees, this option is the most sought out by freelancers and startup companies. Most shared workplaces offer memberships on a month-to-month basis, which becomes an affordable alternative for renters. Payment plans can also be customizable to the client’s needs, offering a variety of spaces to use through unlimited hours.

3.3 Expand your Networking Experience

Any business can appreciate some camaraderie between their coworkers and other companies, there are always new experiences to learn from. Consequently, surrounding yourself with different entrepreneurs and investors can be of great use. Making new connections is, subsequently, important for the company to grow.

Here you can learn more about holding meeting rooms in Dubai, how to find the perfect one and why you should have one.

3.4 Services and Conveniences

In a shared office space companies don’t have to worry about acquiring furniture, phones, internet connection, or parking. Most of these tasks are being taken care of by the leasers, so you don’t need to burden yourself with unnecessary tasks. This kind of spaces offer:

  • High-speed internet connection.
  • Printing and Scanning.
  • Mail distribution.
  • Meeting accommodations.
  • Onsite support.
  • Cleaning services and more.

4. What are the Disadvantages of a Shared Office Space?

Even if there aren’t many shortcomings from renting a shared office space, it’s very important to have a clear view of the setbacks that you may have while establishing your work here. Most of these disadvantages have to do with the growth and privacy that a company may need. Here are some of them:

4.1 Development of the Company

Once a business reaches a certain level of establishment, it can no longer use shared office solutions. A big company can’t benefit from having to share a working environment, therefore, a private head-quarter is necessary for this particular instance. A shared working area doesn’t meet this requisite.

4.2 Privacy Constraints

Having to work in a non-personal environment is very dangerous for a well-formed company. Consequently, people that work for companies already established on a higher level need to have their own spaces to feel comfortable. Sensible information needs to remain undisclosed at all times, because of that, a shared business space isn’t a safe place to keep that kind of disclosure.

4.3 Competitors Sharing Spaces in the Same Building

Sometimes rival companies are located in offices nearby, while it doesn’t mean that they’re going to steal your ideas or projects, you can never be too careful around people in the same lane of work as yours. Always remember to never expose too much information to anyone that is not part of your trusted team of co-workers.

4.4 Lack of Storage and Impossibility of Renovations

The shortage of storage for files and private documents is a common drawback of shared office spaces. Due to the type of business and level of confidentiality needed for your archives and records, a co-working office space may not be the best option for you. Also, any renovations to be done inside your office or the buildings are unlikely to happen if they’re not essential.

5. Why is a Shared Office Space the best alternative for your business?

This kind of space may be the best investment your startup company will make, but only if you are sure that it meets your requirements and needs. Due to the co-working space prices, you can save a lot of money for your business. Operating your company from one of these spaces will help you in more ways than you know.

If you want to know what are the frequently asked questions that people ask when renting an office space, we have a guide for you! Click here to know more.

The advantages are unlimited, if you’re clever you’ll always have the upper hand in this situation. Certainly, comparing it to working on a traditional office, shared office spaces are always the best-suited option. Your company can benefit from networking with other professionals, and if you’re not into that kind of situation, you can always find value in the resources given to you.

A co-working place surrounds you, and your team, with other focused and like-minded professionals. Therefore, sharing a working space creates a sense of community, it helps companies create with the resources they have in hand. It’s fulfilling to know that your new business will grow and possibly become a household name.

6. What are the best Shared Office Spaces in Dubai?

Choosing the best place to fit in your company is not an easy task, that’s why it’s better to have a good team guiding you through this process. Entrepreneurs that are looking for new places to establish their startup companies have very interesting options that can adapt to their needs.

Are you interested in knowing more about the best co-working options in Abu-Dhabi and their characteristics? Check this article.

Searching for a great place to rent as a shared office space can be rewarding, you can find hidden gems that will fit any of your necessities. Some of the most sought out workplaces in the UAE are:

  • Servcorp.
  • Regus.
  • WeWork.
  • Glassqube Coworking.
  • Cloud Spaces.

7. How much does it cost to rent a Shared Office Space in Dubai?

Renting prices for spaces for co-working can change depending on the property location, the contract type, and the property type that you’re looking for. Monthly rent for offices can go from AED 10.000. Daily costs can go from AED 450 up to AED 2.499.

You can rent any of these spaces to hold a meeting, workshops, interviews, co-working sessions, seminars, etcetera. If you want to make your company grow in Dubai, these places are your best option. Comfortable spaces for you to commute, equipped with high-quality tech and furniture. Count on us to help you have the most incredible working experience you can have.

8. How can Connect Business Centers help you find the best Shared Office Space for your business?

Finding a shared business space is a great deal of work without any help, that’s why we’re here for you. In Connect Business Centers we make things lighter, you won’t have to struggle while choosing the best co-working office near you. We offer different alternatives that fit your necessities.

We want to warrant that you discover the perfect spot, the place of your dreams. The one that truly fits your dreams and budget. Connect Business Center has more than two decades of experience, we’ve been mastering our locating skills and building algorithms to make the best out of this experience.

Our company has the capability to allow your business growth and wellbeing. We offer our services to small, medium, and large companies all through the UAE. We are dedicated to being the cross path between you and your perfect co-working place.

Would you like to contact Connect Business Centers to obtain more information about Shared Office Spaces for your Business? If you have any questions, call us on +97143316688. Or you can also email us at info@connectbusinesscenters.com, and you will talk to one of our representatives who will gladly answer all of your questions.

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