Key Differences between Coworking & Shared Office Space

Often a time, people get confused between coworking and the shared office space. They tend to think both terms are the same. Yes, they are very similar, but at the same time, very different. Both work models offer similar perks like furnished office space, flexibility, essentials, amenities, etc. but they are very different when it comes to fulfilling business goals and requirements.

Shared working spaces are mostly in prominent locations and are widely popular among established businesses. They provide furnished office space for rent with all the essentials including reception services, equipment, private offices, conference rooms etc. for smooth functioning.

Coworking space is a great option for fresh entrepreneurs, startups, freelancers. If you are one of these people, then a co-working space is an ideal option for you. In short, coworking office spaces allows people to work on a project independently or in a group. It’s possible every single individual on the premises working on a different project.

So, how these two working models differ from each other? Let’s get into details and find out.

Major Differences Between the Coworking & Shared Office Space

To find out the actual difference between shared office space and coworking space, we have to go through various aspects.

Affordability – Shared offices are more expensive than coworking spaces. You have to pay more for the consistent office space and the privacy that comes with it. With coworking space, there is no dedicated space for you to work. For example – you bought a furnished office space for rent and opt for a coworking space. Your sitting arrangements are not definite. This day you are in the corner chair and then the next day you’re working on the sofa.

Terms and Conditions – When it comes to terms and conditions, coworking space have all the good cards. Shared spaces have a long-term agreement, for example – three years, five years, or more. Coworking offices, however, have rather flexible terms with leasing agreements. The rent agreement usually starts with 3 months agreement, some landlords even allow monthly rents.

Furniture and Utilities – As mentioned above, both working models provide fully furnished offices with all the essentials and utilities. In reality, shared offices do not provide furniture, and utilities, they just give you the space to work. However, nowadays, landlords often provide everything from their end with some additional charges.

With the co-working spaces, all you need to take your laptop to the offices and you are good to go.

Perks and Layout – The layout and perks are different between the two models. Shared office spaces are conventional and designed in a traditional form. More privacy, better setup and equipment, access to conference rooms and other packed services.

An employee working in a coworking space has access to basic office needs such as WI-FI, sitting space. Unlike office sharing, this model space doesn’t allow access to the conference room; photo copier might come at an extra cost. Sometimes, it favours the tenants, as they only have to pay what they need.

Whether you are an established entrepreneur, a small business owner, or working solo, Noida offers great working spaces for all. If you are looking for an office space for rent in Noida sector 62, Procapitus Business Park is the best choice. They offer great coworking areas, shared office spaces in Noida Sector 62.