10 Major Businesses That Rent Shared Office Space

Shared Office Space

For shared office space to be beneficial, the correct target market must be chosen. Conventional solutions can’t satisfy members because they don’t align with their interests in both career and personal life. Unhappy tenants are rarely loyal, never spend on additional services, and don’t recommend their friends about your workplace.

Those factors certainly have an impact on the economy of your shared workspace. In fact, before your shared office space ever opens, when you’ve done your market research and established your brand positioning, is the perfect moment to choose your target market.

It’s never too late to make changes, though, if your workspace is already operational and you feel that you overlooked something crucial for its development and survival. You will discover from this post what kinds of people use shared office space, what they need there, and how you may meet the needs of each group.

10 Major Businesses That Rent Shared Office Space

In the past, freelancers and solopreneurs opted to utilize shared office space. However, as the flexible workspace business evolves, its population expands.

Let’s start with the most recent audience segment that has recently come into view but has already emerged as the most reliable and profitable. 

1. Corporate Customers

Large firms like Google and Twitter are increasingly choosing flexible workspaces over traditional offices. They rent shared office space for a variety of reasons, including:

  • Luxurious work spaces
  • Renowned office buildings
  • The chance to hire top people from around the world
  • No concerns with office maintenance
  • Affordable pricing and more.

Enterprise clients are the best tenants for shared office space since their large invoiced amounts enable organizations to expand quickly. But how can you draw in business clients? You must have a fantastic web presence to start. Word of mouth is ineffective in this situation, so you should use your digital marketing methods.

Your duty is to create those well-equipped, modern offices for businesses because they prefer larger private offices with customized branding when it comes to workspace facilities. I also advise you to equip your workspace with cutting-edge technology, such as an access control system, cloud printing, a system for scheduling conference rooms, etc.

You need shared office space software with fun member apps for this section, which combines all of the previously described options, and enables members to utilize them from their smart phones.

2. Small Teams

Small teams can have two to ten people in them. These companies focus on traditional fields including law, accountancy, design, architecture, real estate, and engineering. Their usual requirements are:

  • Free unlimited coffee
  • Conference/meeting space
  • Private office area
  • Use of a printer and scanner for business purposes
  • Access to a nice cafe or restaurant within the hub or close by

Here is an additional justification you can use to sign up a small team. Within your shared office space app, you can add their services to the Service Catalog for members to access. This will make it simple for your tenants to attract some new clients.

3. Startup Teams

A small group of people who decide to start a company cannot be completely certain of its success and profitability. They don’t know if their business will last a few months or many years, therefore they don’t want to spend a lot of money renting an office.

Desks in an open area probably do the trick for startups. Their first concern is whether or not the workspace you give is within their limited budget.

When a startup begins, it’s important to keep in mind that they will probably grow (especially if you provide a startup accelerator programme) and to request team suits. In order to keep them from switching to your competition or renting a shared office space, you must be ready to meet their expanding needs.

4. Hybrid Workers

Due to the increase in remote working, the phrase “hybrid workforce” has just recently become popular, and so is shared office space.

As a Covid-19 constraint, the tendency eventually evolved into a comfortable work-style for millions of people. For instance, 96% of American workers, according to Forbes, prefer to work in a hybrid environment. Additionally, approximately half of them would prefer to maintain the flexibility of the new standard work style and are not yet prepared to commute to the workplace.

5. Freelance Entrepreneurs

So-called representatives of the new economy are freelancers and solopreneurs. They acquire short-term contracts from domestic or international clients to support their business. Rarely do freelancers work traditional nine-to-five jobs. Due to the time zone variations, they frequently work into the night and take vacation days to complete their tasks.

In order to communicate with their clients when working on local assignments, freelancers need a suitable meeting location (something more formal than a coffee shop). Additionally, they need a place to take calls from clients. It will be acceptable if you supply phone booths.

That’s one major reason why freelancers and solopreneurs enjoy working in shared office space.

6. Remote Workers

Nowadays, we can apply for jobs at practically any company, regardless of where it is located, thanks to all the remote work apps, and many people try their luck working from home. The pattern identifies a new target market for shared office space. It covers distributed, partially distributed, and remote employees.

Distributed workers and remote employees need a quiet, private area to conduct frequent video calls with other team members. They might reserve a small meeting room several times per day (a system for booking meetings is essential) and work at a dedicated desk the rest of the time.

While firms with distributed employees have refined interaction methods that enable people to efficiently connect using just café seats and phone booths, remote employees may travel frequently.

Workers who are partially remote are permitted to work outside the office a few days per week. Even though they don’t require it every day, a private office would be more appropriate given that they occasionally service multiple markets at once. They will be able to seem professional during client meetings and keep work and home distinct.

7. Digital Nomads & People on Workation

Wanderers that are always moving are known as digital nomads. They might spend a few days, a few weeks, or a few months at your location. In their backpacks, they have all they need. They may easily concentrate on the present project even in a busy shared office space, cafe or in the heart of an open area because it definitely includes a laptop and noise-canceling earphones. If you have good shared living spaces, that’s just what a remote worker or digital nomad needs.

Returning to the topic of travelling or workation, occasionally a private office is the best option. However, a desk in the open area, a conference room, and a phone booth will also work if something unexpected or urgent occurs while the family is enjoying their day.

 

8. Event Organizers

Shared office space has emerged as a top option for event hosting organizations thanks to their flexibility, creativity, trendy design options, and reasonable rates. You can give them your event space, which is adaptable enough to better suit event visitors’ preferences and gain the essential unique characteristics, if they require something smaller than a conference hall.

The success of the event is further aided by the shared office space staff’s constant friendliness and willingness to assist.

9. Charity & Non-profit Organizations

We all have our own personal goals, but the most engaged community members also take on larger social tasks. If you’re willing to donate to a charity, be prepared for tight budgets that fluctuate from year to year.

In order to maintain a non-focus profit’s on having a better influence in their area, you will need to either decrease or increase the space they occupy. What’s better than shared office space for a charity & Non-profit organization?

Additionally, nonprofit groups frequently have meetings, training sessions, and events, so you’ll need to offer a larger meeting area as well as shared office space to accommodate them.

10. Students & Interns

We all have our own personal goals, but the most engaged community members also take on larger social tasks. If you’re willing to donate to a charity, be prepared for tight budgets that fluctuate from year to year. In order to maintain a non-focus profit’s on having a better influence in their area, you will need to either decrease or increase the space they occupy.

Additionally, nonprofit organisations often have meetings, training sessions, and events, so you’ll need to offer a larger meeting area as well as shared office space to suit them.

What explains doing it? because you are investing in the nation’s future. Additionally, students contribute their vibrant, bubbling energy and creativeness to the special culture of your shared office space.

Conclusion

Knowing your audience is essential information for a manager of shared office space. If you don’t know who a member is and what they need, it’s impossible to make them happy. If you try to meet everyone’s wants, you will certainly fail since the aims of the members are too distinct and require various things to be achieved.

Do you need assistance developing a client persona? Visit our website at www.boardwalkindia.com for helpful advice.

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