With flexible work options and alternative working arrangements becoming more widely accepted, new and different ideas continue to sprout and take hold.

One such option has been continuing to grow in fame is shared workplaces.

Well, this too has left many people contemplating it, whether is it similar to the office space for rent? Click here to check out more information.

What are Shared Workplaces?

These new collaborative environments, known as shared workspaces or coworking offices.

it is actually could take multiple forms and are used in many different work environments.

In some case, some are using the virtual office that operated virtually with the business address, while others are using actual physical spaces.

In more simple words, more than one person utilizes the shared workspace at a time, while another option is a space shared by many people at different times.

It is a space designed with a business service provision model that similar to the serviced office that involves working independently or collaboratively in the shared office space. Check out CEO Suites for the best-serviced office in Malaysia

In addition, the owner of the space provides a work environment including office equipment and amenities found in the typical office.

The typical features facilities are included:

• 24/7 access.
• WI-FI connection.
• Communal Printer
• Shared bathroom and lounges

Some of the Coworking facilities follow various business models which include flat-rate memberships and meeting room for rent.

Often, coworking facilities will offer a number of options to suit individual needs.

Besides, some of the organizations have multiple locations that members could access.

The Benefits of Coworking Spaces

1. Flexibility

Many businesses especially the start-ups often struggle with the finding a work environment that gives them the flexibility to scale their team.

If you are a start-up founder who is looking to increase your headcount within the next few months, signing up for the annual-office lease is the last thing you would want to do.

This explains why an increasing of start-ups are moving into coworking space in Kuala Lumpur instead of looking for office space for rent.

Therefore, by offering the membership options that range from dedicated desks to private offices, coworking spaces have proven to be effective in giving the flexibility that many start-ups sought after.

2. Convenience

Another reason that many of the entrepreneurs are flocking to coworking spaces is that it offers an alternative to the day-to-day inconvenience of managing office space for rent.

Well, you could just look for the cheapest virtual office to handle the incoming call while you at home doing business comfortably, sound convenience enough right?

Just imagine the time and money that you spent on the general maintenance or office managers instead of channelled towards growing your business?

This is why many fancy the coworking space KLCC was handling everything from electricity bills to facility management, it gives the opportunity to manage the resources more efficiently.

3. Networking Opportunities

Since networking is one of the essential ways for the business to build a solid customer base, it makes sense that finding a serviced office that fosters organic business connections.

Moreover, coworking spaces are inherently designed to encourage networking and collaboration.

The coworking spaces also organise regular networking events, which provide a good platform for the business to build the business contact and potentially gain new prospects.