Things To Consider Before Sharing An Office Space

October 24, 2015 by  
Filed under In the News

Sharing an office space can be a great idea if it allows you to lower your overheads. And if your office is more than meeting your requirements then you could actually make a bit of money by renting out some of the space that you are not using. The economies of the world are still just getting back on their feet so the more financial resources your company has to play with the better. You can improve the financial situation of your business in many ways such as renting out extra space or sharing a space to reduce costs. But before you make that decision to share an office with anyone else there are a number of things to consider first.


There are some businesses that would have no problem sharing an office but others just couldn’t make it work. For instance sharing with a competitor just might not work because they would be able to dicover some of your well kept secrets. And there are other businesses that could not work well together in the same office space such as a call centre and a busy workshop. So the first thing you need to consider when sharing an office space is compatibility.


Your contract is probably the next thing you will want to think about; as they say ‘rules make good neighbours’. In order to maintain a peaceful atmosphere it is vital that both parties fully understand the contract. Make sure that all rules in the contract are as clear as possible so that everyone is working from the same hymnsheet and make sure that the rules cover absolutely everything.


The decision to share an office space can be a great move so long as you know what you are getting into. Just don’t make any rush decisions as you want to be sure where it could lead your business.


It doesn’t matter what type of business you run; you will always need some sort of office space to do the admin side of things. But whether you can find this office space easily enough depends largely on where in the world you live. If you live in the Midlands of the United Kingdom, for example, you could look for offices to let nottingham.

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