Buying, selling, renting and relocating – I've done it all many times over. Because I had one of those careers which meant I had to move every few years, I've lived in nearly every state in Australia more than once. Now retired and settled down, I blog about real estate and the real issues that anyone who is moving comes up against. Full of advice, my blog takes a look at relocating from the point of view of the mover and tries to offer as many insights from my past experiences dealing with lawyers, estate agents, removals firms and other house buyers as possible! Read on if you're moving or thinking about doing so.
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A Guide On Coworking Spaces 2 December 2022
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Relocating – The Real Issues That Movers Face
A Guide On Coworking Spaces
Eduardo Parker
Co-working spaces are one of the recent trends in the real estate sector. As a business owner, you could be conflicted about investing in a co-working space. Below is a piece explaining the benefits of co-working spaces and the considerations to make when renting a co-working space.
The Benefits Of Co-working Spaces
Rent is one of the most significant business expenses. However, as your business grows, you need to rent larger spaces which could eat up your profits. Co-working spaces are cheap for companies since they spend less and do not have to invest in office infrastructures such as décor, working tables, and AC. Once you rent a co-working space, you only pay for the number of hours spent on the premises. This way, you spend less for a large office.
Co-working spaces improve the productivity of your workforce. For example, they could have excellent lighting, adequate aeration, and reduced noise levels. Working from the co-working space helps break office structures that hinder creativity. At the co-working space, your employees meet with other professionals from other fields. It makes the co-working area the perfect space to create lasting business partnerships. Moreover, your employees could pick up new ideas that could help transform your business.
Considerations When Renting Co-working Space
Evaluate the following when renting a co-working space;
- Location. The area should be accessible to all your employees. Moreover, it must be safe. Proximity to support businesses such as banks and restaurants would be an added advantage.
- Rental contract. Assess the conditions of the rental agreement to determine whether they suit your business operations. For instance, you would want a co-working space that stays open 24/7 if your employees work late or during the weekend.
- Amenities. The co-working space should have state-of-the-art amenities such as CCTV, high-quality desks, adequate lighting, washrooms, recreational areas, and ample storage.
- Privacy. The design of the co-working space should guarantee privacy as you work. For example, you might not want other people to overhear your strategy meetings.
- Costs. The co-working space must be affordable. Moreover, the management should re-adjust the rental charges to suit your business needs and the prevailing financial environment.
- Clientele. Who uses the co-working space? You may want to share the area with professionals who can positively influence your employees or business. Some co-working spaces also arrange events to allow residents to interact and share ideas.
Co-working spaces can help reduce business expenses and improve employee productivity. Remember to follow the recommended guidelines when renting the co-working space.
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