How a Part-Time Office Rental Can Serve Your Business in Toronto

Renting or leasing your own office may sound like an ideal scenario, but it will typically come with a big price tag. Fortunately, the concept of shared working spaces has gained momentum in recent years offering businesses and entrepreneurs a cheaper and more convenient alternative to workspace solutions. These part-time office rentals, such as executive suites, come fully furnished and are outfitted with all the essential tools that are required to run a successful business. With growing popularity and demand for flexible working solutions, new and improved ideas continue to sprout and gain traction. One of the most popular ideas that is continuing to gain popularity is shared workspaces. However, most people do not fully understand this concept so let’s delve deeper.

What is Shared Working Spaces?

Shared working spaces, sometimes referred to as Coworking offices, are collaborative work environments that take many forms and are used by businesses and entrepreneurs in different work environments. While some are actual physical spaces with office furniture and amenities such as executive suites, others only exist virtually. Some forms of shared working spaces involve more than one person using the service at a time while other forms involve a space shared by many people at varying times.

Different Types of Shared Offices

Physical & Collaborative

This type of shared working space is also referred to as Coworking spaces. These are spaces created in a physical office to give employees the ability to work more closely and collaborate. This physically collaborative shared working space has gained popularity around the country particularly among start-ups. It offers start-ups a means to have a presentable office space without the complexities of establishing one on their own.

Physical & Shared

In this type of shared workspace, spaces are shared by multiple people and businesses but used on individual arrangements. It is more of a timeshare for office space as opposed to vacation rentals. In this setup, many different people can use the space for different purposes and at different times. This option is ideal for employees who work remotely and who want to get a quiet and convenient place to work from out of the house.

Virtual & Collaborative

As the name suggests, this is not a physical space but rather virtual. This form of shared workspace includes tools and environments used by virtual workers to work together from different locations but in real time. They can take the form of virtual meetings, videos, whiteboards and any other real-time collaborative virtual space.

Virtual & Shared

This is another variation of shared working space involving a virtual environment where employees and colleagues can interact and share information. Although the space is collaborative, it is not used in group form. Instead, it is managed, used and shared on individual basis. A good example is that of a virtually shared spreadsheet such as those provided on Google Drive.

4 Benefits of a Part-Time Office Rental

If you are seeking a professional work environment and want to avoid the laundry list of traditional office space costs, look no further than a part-time office rental. Read below to learn why renting a part-time office is more valuable for your business:

• Reduce Costs: One of the biggest benefits to renting a shared office space is to reduce costs. If you are starting your own business, it can be difficult to focus on growth when you are pouring start-up investments into office furnishings and supplies. A part-time office is already equipped with items such as desks, chairs, cabinets, printers, and more. Your rental also comes with fully qualified staff to help you with all your administrative needs at no extra costs.
• Outstanding Reputation: Business centres are located in ideal neighbourhoods throughout the city, which would otherwise be impossible to afford as an entrepreneur. Prepare to impress clients with your prestigious address and professional workplace environment of our executive suites. Your business image is directly linked to self-confidence and therefore, growth.
• Networking Opportunities: A number of like-minded individuals will be sharing the office space, providing you with an excellent opportunity to network. You may come across eager entrepreneurs who are willing to share business strategies or even connect you with potential clients.
• Focus on Your Business: Owning your own office space comes with a set of responsibilities that will usually rest on your shoulders. A part-time office rental will give you peace of mind when it comes to building maintenance, staff training, and additional expenses. Instead of worrying about office logistics, you can channel your focus on your clients and business operations.

Attract Business and Build Credibility with a Part-Time Office

A business centre is more than just a shared office space and executive suites. The benefits extend well beyond the physical space and furnishings we provide. Officescape Canada offers a productive work environment and invaluable networking opportunities to help you grow your business. Whether you are looking to rent an office on demand or full-time office, our Class A facility has the right space for you.

Contact Officescape to find the best office rentals for your start-up. Give us a call at 647-557-1693. Book a business centre now or contact us online if you have any questions or concerns.