In NYC, shared office space is a growing trend. This densely populated city, with expensive rents and savvy landlords, can present a challenge for the budget conscious small business when its trying to locate an office. Progressive thinkers are learning to work with other businesses by using shared office space. There are a wide variety of options, anything pairing up with a single other company, to renting a desk in a co-working setup. You could even rent a small office for your team in a larger shared office. It often reduces the real estate budget, one of the largest fixed expenses of a company, by hundreds of dollars per month. There are also other shared costs, such as power and repairs, that can save a business tons of money.
Shared office space in NYC offers a lot of advantages, cost being just the first. It can allow entrepreneurs to act as individuals, while allowing them to take advantage of the high energy, camaraderie, and culture of an office. Shared office space allows for cost sharing and knowledge sharing. For example, the cost of wi-fi or the ability to bounce an idea off another person. There is a certain casual networking that members benefit from. Referrals are not uncommon. Also, angel investors and VCs have been know to circulate the more popular tech and startup-rich shared office spaces in NYC, looking for the next big thing. Several startups in one NYC shared office recently sold to buyers who were watching the space carefully. Coincidence? I think not.
Using shared office space in NYC is a rising trend. Techies, startups, PR and marketing professionals, freelancers, lawyers, developers, designers, hackers, students are just some of the progressive thinkers that have benefited from the concept. Really anyone who is brilliant and has an awesome entrepreneurial spirit can benefit from NYC shared office space. The trend is exploding and some of the more popular spaces have waiting lists into the hundreds. But don’t worry, there are still plenty of great opportunities to find shared office space in NYC. You will have to do some research to find a shared office that meets your company’s needs and culture, or you could always create your own ideal shared office in NYC.