Generally speaking the term “shared office space” refers to a furnished, fully equipped office space that is ready for a quick setup for a business person that does not want to work at home or for a branch office. They are also called executive suites and business centers. The office will provide internet and telephone services, and mail services. When you use a rental place it can give a business person a professional facility at a lower monthly rent than your traditional office rentals.
Many times when renting such an office it will include mail services, a receptionist, business machines like fax and copy machines, and office furniture. There are even some that will offer amenities like accessibility to conference rooms, and publishing or delivery services plus other amenities. The leases are usually six to twelve months. Some may even offer a three month rental agreement. A shared office space could also be when you lease a small space from a business or company that has more office space than they need. This is comparable to subleasing and with this type of shared office the business or individual could possible rent a group of offices within the larger space of another company or just a single desk space. With this arrangement you would share kitchen areas, conference rooms, and other facilities within the company or business.
One type of office may be used by telecommuters when they come into the office to do some work. For the time they are there to work the equipment, desk, and phone are theirs but at other times all of these are used by others in the office or company. This is a good situation for a complimentary type of business. For example, when a health professional of a different field shares space with another medical professional one of the medical professionals will work so many days a week and the other one will the other days. With this type of arrangement the one that is leasing the shared office space for the days the other medical professional is not working there they will not benefit from any services like secretarial services. This type of shared office space can work for many different professional services.
Some of the advantages of shared office space can include quick occupancy, the reduced need for supporting staff like secretaries, and monthly costs that are all inclusive. These are the type of arrangements that are especially attractive to start-up companies and small business owners. With shared office space there is no big expense for furniture and equipment.