Sharing is Caring: The Hidden Benefits of Shared Office Space

February 17, 2019 | Coworking Space

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With the cost of downtown Toronto office space in 2019 soaring to over $30 per square foot, it’s easy to see why businesses of any size may be challenged by the rise of fixed costs. Overhead can easily cut margins to the bone, yet other arrangements – working remotely, outsourcing, reducing executive office size to storage locker proportions – have obvious disadvantages. Shared office space is a solution that is sometimes overlooked by companies who wish to maintain a professional and exclusive presence. Yet today’s high-end shared office space allows for precisely the flexibility, autonomy and privacy that competitive companies desire.

What Is Shared Office Space?

If sharing an office space seems like a step down – much like taking on a roommate to reduce expenses, with all the potential incompatibility that entails – consider that well designed shared office spaces are not a cacophony of cubicles and clashing objectives. Quite the opposite: coworking spaces can provide an ideal working environment, with the obvious advantages of shared overhead and superior infrastructure that would be difficult, if not impossible, for many small businesses to maintain. In a nutshell, shared office space is adaptable to the needs of diverse clients, while providing scalability, flexibility and considerable perks.

Is Shared Office Space for Everyone?

Sharing is CaringWhile some employees would prefer to eliminate the commute and simply work from home, most entrepreneurs and executives are aware of the significant drawbacks of having a fragmented (or even non-existent) workplace culture. For those who want their teams to work collaboratively and productively with greater accountability, a physical office is the only answer – but costs, even in suburban locations, can be prohibitive. Shared office space provides a practical solution for many business types, from startups looking to gain a commercial foothold to well-established firms with ambitious expansion plans.

Advantages of Shared Office Space

When considering a shared office Toronto or shared office space Markham, it’s essential to look for the right working environment and options that are most conducive to your company’s needs. Shared office space Markham offers many benefits, including:

  • Community: Avoid the isolation of a decentralized team and increase motivation and social engagement when staff work alongside other passionate entrepreneurs in a structured atmosphere
  • Inspiration: Proximity to business professionals in both similar and differing industries can inspire synergies, ideas and opportunities that are only made possible by networking with an energized group of like-minded people
  • Flexibility: Short term leases prevent tying up valuable resources and the stress of being locked into a space for an extended period, particularly for businesses that tend to expand or contract seasonally
  • Infrastructure: All the essentials, from aesthetically pleasing furniture to technology to employee parking, are already provided
  • Support: Administrative and operational tasks such as IT, reception and maintenance are available
  • Choice: A variety of options, from ‘hot seat’ on-demand open concept workspace arrangements to dedicated desks and private office spaces, comfortable boardrooms and well-appointed meeting spaces can be arranged
  • Productivity: Well managed shared office space Markham means less of the downtime that can occur in privately leased spaces due to occurrences such as breakdowns in equipment and tech

Turnkey Solutions for Shared Office Space Toronto

With no upfront fees, a variety of coworking plans to suit the needs of virtually any size business, and convenient short term rentals, it is no wonder that shared office space Markham has blossomed in recent years and continues to grow. For corporations looking for ways to encourage a stimulating team environment while remaining competitive and nimble, shared office space Markham is a viable and exciting option.

Posts You Might Be Interested In:
1) Questions to Ask Before Leasing Shared Office Space in Toronto
2) Key Benefits of Shared Office Space

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  • I can’t go with any other choice...

    When I started my engineering business 4 years ago, I was looking for a space where it’s cost effective and at a prime location. It was a challenge! This is the best I could find, close to my home so the driving was faster, also the reception is exceptionally good. When you walk in the office, the welcoming atmosphere, the options I have here, I can’t go with any other choice.

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    Valluvan AlagirisamyInspar Inc.

  • You have the necessary simple structure which allows you to focus on your day to day job.

    We’ve been doing this for almost 8+ years on a full-time basis, and I’ve been with Officescape for just over 5 years at this point. Pretty much the length of our practice, we’ve been part of a certain shared office center. With Officescape, you get the advantage of amazing office space, professional staff to greet your clients, and not worrying about unnecessary procedures. You have the necessary simple structure, which allows you to focus on your day to day job.

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    Purvish ShahAdian Professional Services

  • It’s very professional and they don’t even know that its not our office!

    We started using Officescape primarily because we needed an address for mailing purposes and for our product. I use them for meeting rooms as well, when I bring my buyers in. It’s very professional and they don’t even know that that is not our Maxell office. It’s important for us to keep our profile image. Having a company in Canada for 16 years, our buyers are coming into our offices all the time, we still needed a space to have that place for our buyers to come visit us and vice versa.

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    Lynn LangMaxell

  • My experience has been very positive!

    I chose Officescape because the staff are really friendly, I found them really helpful and really resourceful. I also find the building to be really clean and really bright, I like some of the architectural design. They always greet my clients very friendly, always offer them coffee, tea, water and always say goodbye to them when they leave. My experience at Officescape has been very positive!

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    Ellen BradleyIntegrative Counselling Services

  • This is the perfect facility...to run your business

    I had the opportunity to use the Officescape location in Markham while working on a consulting project. Dave provides a top notch facility with excellent offices, boardrooms, connectivity, service and yes... great coffee. This is the perfect facility in Markham to run your business, meet your clients, and brand your company. Congratulations Dave on providing a much needed service to the business community.

    Mark FriedbergCognovative Business Services

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