What is Involved in Co-Working?

Written by Wes Towers
Wednesday , May 15, 2013 6:04

The concept of co-working is growing in popularity in Australia. We prefer to call it office sharing, and we also like to emphasise that it is not a one-size-fits-all solution, or restricted to any one profession or type of business.

What is it exactly?

Office sharing involves leasing a workspace from which to run a small business, or to perform a job for someone else. Many businesses these days need to be flexible and mobile, and to keep their costs and overheads down, while still having a dedicated, professional space in which to operate. Renting an office or a workstation in a shared office facility can help meet these requirements.

The types of share office space can include a desk / workstation within a shared area, or private offices for teams or small business owners and employees.

Who is suited to office sharing?

Office sharing suits a variety of small business structures, whether a sole proprietorship, partnership, or one with a handful of employees, and just about any type of profession. While it might often be thought that office workstation rental is something for the creative / artistic professions only, that’s not necessarily the case -it can be very suitable for those involved in finance, consulting or other types of enterprises.

What are the main advantages?

Apart from the rental cost savings, overheads are low as they are mostly included in the overall rent charges. In addition, in many share office space situations, a strong sense of community is formed, and workers report that they find more solutions to problems, and also generate more ideas as a result of interacting with fellow sharers  something which is less likely to happen in an isolated home office. So for a small business wanting office space, co-working or office sharing can be a very viable and beneficial option.