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  • Traditional Office Space vs. Coworking vs. TechSpace

    When it comes to finding the right office space for your employees, you have more options than you might think. Different businesses will flourish in different types of office spaces. It’s up to you to determine which type is best for your business based on the needs of your company. Keep reading for a rundown of the major types of office space environments businesses can choose from.

    Traditional Office Space

    A "traditional" office space is one in which you're leasing space from a landlord. Your monthly rent only pays for the rentable square footage of the space. Typically the lessee (you) must pay for the cost of setting up your office space and requires a long-term contract. This often starts with the physical space itself or structural changes for special uses like building private offices, conference rooms, or break areas. The next most expensive costs are associated with furniture, fixtures, and equipment (FF&E).

    This includes workstation furniture, meeting room furniture, and general office decor, as well as building a secure IT data network (data cabling, switches, routers), Wi-Fi, a telephone system, and any other required equipment (mail room, filing cabinets, etc.). One last thing to consider is “hidden” costs like electricity, water, HVAC, and CAM (common area maintenance) charges. This may be incremental to the monthly rent. Some lease agreements are renewable every one or two years, but three to five years is most common. And of course, there tend to be huge penalties for breaking a lease agreement prematurely.  

    While renting a traditional office space allows for great customization of your global headquarters, business owners must be aware of all the costs, time, and energy it takes to get a space fully operational office space.

    Coworking Space

    Coworking is an office environment that involves sharing office space with other individuals.  Unlike the traditional office space, coworking spaces are fully shared environments that provide users a seat at a table, a dedicated desk in an open space or a private office for 1-50 people for a monthly membership fee. While coworking desks are typically filled with individuals, independent contractors, or early startups looking to get out of their home office or garage, SMBs up to Enterprise companies enjoy working out of coworking spaces - but not all coworking operators are equal!

    Coworking environments often fosters collaboration between strangers – thus, the name coworking. Users are involved in disparate projects or businesses, but by virtue of the environment, coworking spaces create a sense of community through togetherness and common goals. Coworking spaces often host social gatherings in order to solve the problem of isolation that many freelancers experience while working from home. At the same time, some coworking operators spaces have a lack of privacy that may be a concern for some individuals or companies.

    Though there’s a chance for some free Wi-Fi and coffee, you won’t run into any phone systems or receptionists to answer and screen your calls.

    TechSpace!

    TechSpace is a happy marriage between the traditional office space and coworking space model. TechSpace offers a unique business platform specifically designed for companies looking for a private, yet highly flexible, low-commitment option with an enterprise-grade technology infrastructure. Our spaces feature smartly designed, creative finishes and innovative, interconnected office suites that can expand as your business grows.

    If you have a startup or are launching a new business, chances are good that over time you will be growing your company at some point during your lease. This can be a difficult thing to renegotiate if you are in a long-term lease in a traditional office space. With TechSpace, your office is scalable, both down and up. In other words, the flexibility gives businesses plenty of room for growth or downsizing as necessary, while eliminating the high cost of moving.

    The rise of coworking has created office environments that are a stark contrast to the “one size fits all” of the past. The TechSpace model caters to the highly-fluid needs of any company, providing scalability and allowing companies to grow on demand with a Fortune-50 business infrastructure at a fraction of the cost. We provide a dedicated network with high-speed internet, a CISCO phone system, and all the furniture you’ll need — plus there’s a receptionist to screen and answer all your calls!

    Whether a growing start-up, SMB or established Enterprise company, TechSpace can be the ultimate office space for your business! Schedule a tour or contact TechSpace so we can help you find your new office digs.

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