Category: East Coast

Shared Office Space Is the Answer to Overcrowding in NYC


In many places across the world, there are two major problems with finding office space to work out of. The first is that there isn’t always office space available for an up-and-coming company that is desperately in search of it. The second is that in the most competitive markets, it can sometimes be prohibitively expensive for a new company to afford the office space they need. Either one of these scenarios can potentially do a company in before it even gets started because it is difficult for an office to make money if it has no way to get people together and perform work so that it can continue to support itself.

This is especially true in a crowded place like New York City. The truth is, it is difficult to find office space in New York City, as there is often a rather long waiting list that businesses have to endure before they can even start looking for a place with any real hope of finding one. On the flip side of the coin, any space that they do find is probably going to be several times more expensive than they can actually afford, even for the smallest places that don’t really meet their needs.

Fortunately, there is an effective solution. Coworking space Workville NYC, a new movement has started taking place. It involves what is known by many as co-working spaces, or shared office space that is frequently shared between several different companies at one time. This is the perfect solution for anyone who is attempting to start a business or wants to move their office to a new location, yet doesn’t have the finances to come up with rent completely on their own.

It works like this. Several companies rent out a single space and then that rent is divided among the number of companies that are operating out of the same area. Of course, each company has the opportunity to create their own unique work space and everyone is given so many square feet so that it is divided up fairly. Think of it as renting a booth to sell crafts out of a store or renting space at a salon in order to perform massages, only in an office type of setting. It is a new way of doing business that is quickly taking hold, alleviating many of the financial concerns that new business owners have while simultaneously giving several businesses an opportunity to rent space in the same structure, often even on the same floor. It truly makes all the difference in the world between being able to grow and prosper or failing to make it in the business world. There is little doubt that what is catching on in New York City will ultimately become popular in other locations as well, as some places are already utilizing this technique with a great deal of success.