While private offices have always been the go-to option, the concept of co-working has gained traction over the past few years, with more and more companies choosing to base their business in these shared workspaces. However, is this newfound set up really all it’s cracked up to be?
The new alternative to the traditional private office space, co-working has both its pros and its cons… We’re here to help you work out what is the the best fit for you and your business.
The all inclusive nature of co-working is an attraction for smaller companies on a tighter budget, as the pre-arranged set up means it’s not necessary to fork out for sofas, TVs and desks. This can make a huge difference to the decision made by many companies. However, a significant disadvantage to this is that the business is not able to personalise their space – while co-working may provide a trendy environment, there is no allowance for brand promotion or modification of the workspace. RNR Property provides the best of both worlds; all-inclusive furnishings in an entirely private office space.
Having control over interior design is one of the primary attractions of a private office, where those occupying are free to make the space their own. Adding more storage, creating a break out area or fixing art to the walls has the potential to positively impact employee mentality. Not only does a tailor made environment allow for a more coherent layout, it can provide free advertising to those attending the office.
As a general rule, it’s more difficult to create the level of gravitas in a co-working space when compared to a private office. While this may not be as much of a concern for young and quirky start-ups, for most traditional businesses having a sense of maturity in the work environment is of great importance. Co-working spaces tend not to give off the vibe that many want their clients to experience; beer taps, faux-inspirational quotes and foosball tables hardly scream ‘serious business’.
Additionally, the longer leases that are associated with private offices signifies greater financial stability and trust in the business. This air of confidence will undoubtedly influence clients and employees alike.
A major issue with a shared office is the potential for distractions, work related or otherwise. Unless you happen to have staff that are entirely immune to interferences, this could quite possibly lead to lower productivity… who wants to focus on their computer screen when you could find out what everyone got Simon, the neighbour company’s intern, for his leaving gift? A private office gives you the peace and quiet that your business deserves.
Having said this, the nature of the co-working set up offers great networking opportunities – when in the same environment as others 24/7, it’s easy to make contacts and socialise with other businesses. At RNR Property, we design our communal spaces to maximise social contact, all the while returning to your private office space. This is done through the addition of focus booths, break out areas, bar seating, dining areas and event space.
The clue’s in the name. While co-working offices may be great for socialising and getting to know those around you, they’re not the most secure. For businesses that deal with sensitive or confidential information, a private office is undoubtedly the best option.
In a co-working environment, there’s no way of monitoring the security of your information if you’re sharing facilities with those around you. Imagine, for example, a sensitive document falling into the wrong hands at the shared printer; this could lead to unhappy clients and a disreputable business.
The best of both worlds
At RNR Property, we’ve devised a harmonious balance. While predominantly private, our offices come with many of the benefits that co-working spaces enjoy, such as furnishings, flexible terms, and a many communal amenities – this is then combined with the luxury of your own private space.
Our bespoke offices come complete with kitchens, meeting rooms, break out areas, 24/7 access, high speed internet, and can be furnished or unfurnished depending on your preference. On top of this, we pride ourselves on our flexible term contracts. We understand that a business needs their workspace to grow with them, which is why we steer clear of those strict long leases in favour of accommodating contracts.