Coworking or Renting Private Office Space-which one to choose for your business

by Ajay Mane Spacebutler provides Best Coworking spaces & Co-Li

Coworking space differs from renting a private office space. Coworking is a commonplace rented by companies. A private office is having your separate office space. The workplace is not limited to a particular office space anymore. You have a range of shared spaces, private space, and leasing and sublease spaces to choose from. There are many establishments and commercial spaces offering private offices in Pune.

Both have their advantages and disadvantages. It is the choice one has to make as per business needs.

Rentals: Coworking space Has flexible rentals and plans to accommodate various working styles. One can rent space on per day, week, month or number of days in a month as and when you need it. You can either opt for a desk, space or an individual cabin. There is no initial deposit needed. Hiring a private office comes with its individual space but offers less flexible. One has to pay an initial deposit and monthly rent don't come easy. Leasing is another manner to rent a private office. You are the whole and sole architect of your private office while Coworking spaces come pre-designed already.

Networking & community engagement: Coworking space in pune organize various events regularly. This motivates employees enhancing their skills and increase productivity. While people from different working styles share Space, you get to meet a variety of them. Be it Entrepreneurs, freelancers or part-time working professionals. You can share ideas and exchange views and success stories and spread your work horizon.

Privacy: Privacy can be a concern in a Coworking environment unless you rent a private cabin. There could be talking, discussions happening around you all the time. There can be visitors dropping in to have a look at the place disrupting work. In such places, it is evident to maintain the decorum of the place and respect each other’s working space. Private offices have defined working spaces. You have your set of rules and policies. Controlling the sound decibels are in your hands though some can get noisy at times. Privacy to information can be a concern in Coworking spaces. If you are working on sensitive or confidential data, shared spaces may not be the ideal choice

Amenities and fun working environment: Many Business centres are offering private office spaces across the country. , there are umpteen companies offering Coworking spaces. Shared spaces have amenities already in place. Private office spaces have to be built from scratch. Private office space may not have the opulence to accommodate recreation space. Coworking spaces come with beautiful ambience and style.

Company branding: Put an exclusive Company board, mission and vision statement in a private office. It is cumbersome a less workable option in a Coworking environment.

Agreement: There are no rental agreements Coworking space in pune. It is a matter of affordability and feasibility at affordable prices. There are agreements for rental, leasing or subleasing private offices. There are terms and conditions to follow and are bound to abide by them. Coworking spaces do not require an agreement. It is easier to rent a working space without having to go through agreement hassles.

Both concepts have their unique offerings. Weigh your options and make your choice.