Over the last 10 years, coworking spaces have revolutionized the workplace. The traditional business model shifted and many opted for satellite, drop-in offices. Then COVID-19 struck and shifted the model again. Now, those that are ready to be back in an office setting are seeking something different. Here's a look at shared coworking office spaces versus traditional private office suites.
People are now looking for spaces that provide the modern, casual feel of coworking, without the high exposure risk that comes with it. Before we get into office solutions for the future, let's look at the different types of office spaces.
Coworking spaces are commonly known for their open-concept offices where individuals and small businesses work together simultaneously. Most people tend to like the friendly, lively environment and the natural networking that comes with it.
Coworking spaces typically have greater amenities than a traditional office space like kombucha on tap, bikes for rental, showers and even events and mixers in the evenings. Beyond this, coworking provides a type of flexibility in lease terms and pricing that executive offices don't.
Executive Office Suites
Executive office suites are traditionally know as private office spaces that share amenities with other businesses such as lobbies, reception areas, break rooms and conference rooms. This style offices allows business owners to rent less space for an office while still utilizing common area amenities.
On average, private office spaces are rented out for 6-18 month periods. Most executive suites are priced to include office furnishings, internet, phone, janitorial services and more. This type of office is an affordable and professional solution with less upfront costs for a business.
What does the future of office space look like post-pandemic?
The future of office working lies somewhere between coworking and executive, private offices. According to CBRE CEO, Bob Sulentic, he predicts that offices will return to 80%+ occupancy with business leaning towards remote working in flex spaces.
With safety still at the forefront, workers are eager to ditch their home offices and transition into environments that allow deeper focus and like-mindedness.
But how can safety be managed with open concept coworking?
1. Incentives for Satellite Offices
Satellite offices are expected to be the most common form of employees "returning to work." With more than half of employed adults sayings that they would like to telework post-pandemic, businesses are recognizing that renting an entire building may no longer be cost-effective.
For the other half of people that are ready to be back in the office, many businesses are offering employees stipends to rent individual offices closer to their homes. This way employees can still have the structure of a typical office and even have the opportunity to collaborate in-person with other employees, while cutting down on the amount of pre-covid interactions that a larger office space provides.
2. Reconsider Spacing for Privacy and Distance
Memberships in coworking spaces may run a higher risk of exposure. If you choose to go the coworking route, there is a higher likelihood that your risk of exposure and outbreak could increase. Businesses may want to consider renting private offices for now as a way to keep employees safe. Many landlords and office companies are reconsidering the structure of their offices to allow more privacy and distance.
3. Research and Negotiate a Private Office
You can rent a private office for less than you'd expect. Properties are eager to get their spaces back to full occupancy and make up for the money that has been lost due to broken leases and offices that weren't being filled. This is a great time to research office spaces and negotiate pricing and terms. You may be surprised by the deals that are available if you are comfortable with negotiating.
See Also: How Much Does It Cost to Rent a Small Office?
One Location, Many Options
At Technology Centers of Encinitas and Oceanside, we offer a wide variety of workspaces from private offices and executive suites to coworking or just a conference room for the day.