Are Traditional Work Spaces Dying Out?

Though there are a number of benefits that come from working in a traditional work space, it’s safe to say that they are dying out. A lot of startups and small businesses are opting for co-working spaces, open offices and a less traditional way of doing things.

Here’s Why People Are Moving Away From Traditional Workspaces

Co-working Offices Are Cost Effective
There’s no denying that running a traditional work space is expensive. The monthly cost of rent and bills alone can be extremely high, and that’s without factoring in other costs such as equipment and furniture. With most startups and small businesses only having limited funds to keep themselves running, it’s easy to see why they tend to stay away from traditional work spaces. By opting for a co-working space, money can be saved and better spent elsewhere.

Shared Offices Are Ideal For Networking
Networking is a huge part of any successful business, regardless of the industry and service. However, it’s not something that is easily done without attending an abundance of events and conferences. With a shared office, networking is made a lot easier. Working in a shared office means that you are surrounded by potential clients, customers and people to outsource without having to seek them out.

Traditional Work Spaces Are a Big Commitment
Whether a work space is being bought or leased, it’s a big commitment. It’s a commitment that a business will have for many years and it’s not always easy to get out of should circumstances change. This is something that many people are keen to avoid, especially if they are a startup with an unclear future. Many alternatives to traditional work spaces come with no long-term commitment. For example, shared office spaces can be leased monthly or even weekly.

Traditional Work Spaces Come With Admin Responsibilities
It’s no secret that a lot of people dislike the administrative side of running a business, such as keeping on top of paying bills and dealing with internet outages. By choosing something other than a traditional work space, it’s possible to avoid these responsibilities and focus on the business itself. With co-working spaces and open offices, there’s always someone else there handling the more mundane side of things.