Read on to find out the pros and cons of coworking spaces and traditional offices to help you make your decision.
Renting a traditional office space
A traditional office space is private and offers the tenant the highest degree of control over the leased area. The only people occupying the area are the company’s own employees. You have the freedom to design the office space to your tastes and all the furniture and fixtures are bought and used only by the same business. Furthermore, when you work in a traditional office you meet the same people every day. This helps you form long-term friendships. Traditional offices usually have fixed working hours and a structured schedule.
There are also some negatives about working in a traditional office, along with the positive ones. The cost factor is the biggest disadvantage. Since you rent the entire space, you have to pay for everything. From the furniture to IT equipment and telephone networks, each and everything has to be arranged for a paid by the tenant most often. Additionally, you also have to pay a hefty security deposit when you sign the rental agreement. All overheads such as electricity, cleaning and maintenance need to be borne by you.
When you lease a traditional office space, you usually operate from the same location for several years. This means that your employees work in the same atmosphere day in and day out and meet the same people every day. This can make them feel burnt out and reduce their motivation to work for your company.
Renting a coworking space
The biggest benefit of working in a coworking space is the substantial cost savings. Coworking spaces enable you to save costs on furniture and fixtures, security deposit and hardware. Most coworking spaces come fully fitted and ready to use. This means lesser setup time and cost. Based on your requirements, you have to pay a monthly fee which includes designated workspaces, general office maintenance, cleaning, utilities, and high-speed internet. Furthermore, you can choose add-on services like a shared or dedicated receptionist service, mail service, beverages and meeting room facilities.
Coworking spaces are also great places to meet new people and network. Collaborating with others in your coworking space can help boost mutual business growth.
In a coworking space, the people working around you change often. Hence you may find it difficult to form lasting relationships. Also, some coworking spaces have an open plan layout which can be distracting if you need to focus on your work.
Making a decision
While both coworking spaces and traditional offices have their pros and cons, only you can decide which option will work well for you. If you do not have a huge capital amount to invest in an exclusive office and want to keep costs low, a coworking space is your best bet.
Why not consider The Executive Lounge for your new office space? With a prime location on Sheikh Zayed Road, we offer you workspaces of different sizes with all the latest facilities at affordable rates. Visit us for a tour of our premises.
The Executive Lounge is the perfect answer to your question - Where can I find a coworking space near me in Dubai?