The benefits of shared office space include low overhead, access to existing information technology infrastructure, the flexibility of a short-term lease and networking opportunities. Freelancers, telecommuters, startups and business travelers use shared office space. Arrangements may be formal or informal, and people may rent space by the day, week or month.
Shared office space is cheaper than renting a private office. Workers must provide their own furniture and office equipment in private offices, as well as pay for cleaning services, maintenance and utilities. Shared office spaces often provide office furniture, Internet, telephone and printing services. Some have on-site tech support and may offer lockers for storage to workers without a permanent desk. Co-workers in a shared office can provide referrals and collaboration on projects as well as provide business-related social interaction.
People using shared office space also have reduced stress and improved time management. They can leave their work at work when they have an office, while some people who work from home feel guilty if they are not working when they feel that they should be. Shared office space offers workers a retreat from workday distractions that people who work from home experience, such as deliveries, children and pets. Shared office space also provides a professional setting for telecommuters to meet with clients.