Balancing the considerations between shared office and private office spaces holds significant importance when determining your future workplace.
The unprecedented circumstances of 2020, stemming from the Covid-19 pandemic, led to nearly half of the UK workforce working from home, according to ONS data.
Currently, there is a growing desire to transition back to the office, putting an end to months of isolated work experiences for many.
Preferences between shared and private office spaces may vary among staff, but making the right decision on their behalf can yield long-term advantages.
Let's delve into the distinctions to assist you in discerning which option aligns best with your business – a shared office space or a private office.
Shared Office Space:
Opting for a shared office space enables your company to rent workstations or areas in a flexible manner.
This arrangement provides employees with access to shared amenities they might not have otherwise, such as breakout or leisure spaces.
Practical conveniences encompass shared utilities, communal equipment, refreshments, and parcel acceptance services.
Especially for short-term desk rentals, overall costs might be lower compared to office leases. However, shared amenity access is typically included in the costs.
Shared office spaces offer extensive networking opportunities, as multiple businesses operate in the same vicinity.
For employees, this creates a dynamic work atmosphere and enhances social interactions.
Shared office spaces often enhance efficiency through shared functions like IT, security, and reception services.
Private Office:
In contrast to shared spaces, private offices grant employees exclusive, dedicated workspaces.
While shared amenities are attractive, well-serviced private offices can also provide these amenities with more exclusivity.
With fewer distractions, private offices can offer a quieter environment, potentially boosting productivity and focus.
This setup could be beneficial for staff who have become accustomed to quieter home environments during lockdowns.
Access to workspaces without sharing with other companies aids in meeting deadlines without compromise.
Private offices are also advantageous for maintaining privacy agreements with clients and working on confidential projects.
Without neighboring staff from other businesses, private offices foster team-building and stronger colleague relationships.
They also provide greater control over customization, allowing you to design a workspace that reflects your brand and impresses clients.
Choosing Between Shared and Private Offices:
The decision between shared and private office spaces ultimately depends on your business's unique needs.
Shared office spaces are often favored for short-term arrangements or when space is required for a few months.
Independent contractors and small firms may find shared offices suitable.
On the other hand, companies with long-term plans and larger desk requirements might opt for private offices.
Some private offices are available within coworking spaces, offering networking opportunities alongside privacy.
Shared vs. Private Office: Pros and Cons:
Shared offices offer efficiency through communal resources and networking opportunities.
Dynamic environments and connections are attractive to startups seeking collaboration.
Private offices offer similar benefits but with exclusive access to spaces.
Private offices provide a quieter environment, improving focus and team relationships.
Choosing a private office is appealing if costs are inclusive and flexibility is provided.
Legal support from property companies can also influence the decision.
Conclusion:
Both shared and private offices have merits for your business.
If returning to the office post-lockdown, consult government guidelines for safe work practices.
For inquiries regarding shared or private office considerations and availability, feel free to reach out to us.
Invesco Real Estate (IRE) has acquired “Capella” at 5 Atlantic Quay in central Glasgow, for c.£43m. The 10,710 sqm office property was purchased for the Invesco Real Estate - UK III Fund, a close-ended, cross-border fund which invests German capital into the UK market. The property was bought from the BA Pension Fund.
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