1. ACCESSIBILITY:

Looking for a space to rent is one of the most tiring tasks when taking a private office. The location also plays an important role in the company’s success, so a good location also must be kept in mind while looking for places. On the other hand, coworking spaces are easier to access as most cities have coworking spaces set up now and it is not very difficult to find one in your town, also the location is mostly in the heart of the town where it is easily accessible and known to people.

2. COST OF RENTING :

The cost of renting an office space is very high when compared to a shared office space. Private office space costs a lot if you want a good location, a spacious office space, and other basic requirements. One of the main reasons why SMEs, MNCs, startups, and other businesses are getting into the coworking trend is because of its cost-effectiveness, coworking spaces have cost-effective plans on a daily, weekly, monthly, and yearly basis, you can also choose the office set up according to your need, for instance, there is an open seating arrangement, which gives a corporate setup and there is a closed cabinet set up which is exclusively only for your office members if you are a small startup or business group.

3. FLEXIBILITY:

The flexibility you get when renting a shared office space is much more than that of a private workspace. The flexibility of expanding or maybe even shutting down the company in some situations is more accessible in a coworking than in a private space as you don’t have a contractual commitment and you are free to choose from a multitude of options like daily, weekly, monthly, and yearly basis, and also choose from different office settings according to your need either open seating or closed cabinet and some coworking spaces also allow you to customize the office as paper your needs. If you wish to expand your office you can customize it that way, or wish if you wish to scale it down you can do that.

4. AN OFFICE ADDRESS :

One advantage of renting a private office is that you get a personal office address for your company, whereas in a coworking space you get an address but it isn’t a personal address but this address can be given to your clients or on your visiting cards those factors won’t be affected. This is the only drawback when renting a coworking space but not a very something that will affect your company.

5. BASIC REQUIREMENTS :

In a coworking space, the much-needed basic amenities for a company’s working will also be covered within the rent you’ll be paying for the office space. You’ll be provided with a stable internet connection, a corporate setup infrastructure, an uninterrupted power supply, a dining area, and a canteen, and also some coworking spaces provide you with a play area and also a library. All these will be an extra spend if you take up a private office space. Coworking is a way to save your money and at the same time, enjoy all the luxury you’ll be getting at a corporate company.

6. COMMUNITY AND NETWORKING :

Another benefit of a coworking space over a normal private space is that you get to meet a lot of people and build connections that can be useful for your company’s growth, as you’ll get to meet a lot of people who are into business or any other sectors who might share similar interests and can be of great help to your company. In this way, you can also expand your company’s networking. But when you rent a regular office space this is not possible as you will be around your own employees or colleagues and there is no room for networking. Coworking is a means to expand your business within your workspace.

Community is another plus point of shared office spaces, there will be communities within the workspace with people of similar interest, and also there will be events for the same, this can be a source of relaxation for yourself or your employees or colleagues during breaks.

All the points mentioned above are the pros and cons of coworking and regular office space, and if you are looking for a space to rent in Pondicherry, Pulsebay Coworking has its branches in three places, all in the best locations in the city and also have offers going for every occasion. Visit the Pulsebay website for more info www.pulsebay.in.