Coworking spaces are shared workspaces where people from different companies and industries can come together to work. They offer a variety of amenities, such as high-speed internet, meeting spaces, and printing services. Coworking spaces are popular among freelancers, remote workers.
There are many benefits to coworking. For one, they can help you be more productive. Studies have shown that people who work in coworking spaces are more likely to report feeling focused and motivated.
However, The Question is to ask, “ Is Co-working Spaces Are a Good Fit for Startups & Small Business ”
Coworking spaces also provide opportunities for collaboration and networking. You can meet other professionals in your field and learn from their experiences. Additionally, coworking spaces can help you save money on office expenses.
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Is Co-working Spaces Are a Good Fit for Startups & Small Businesses
Yes, coworking spaces can be a great fit for startups and small businesses. Here are some of the reasons why:
- Flexibility: Co-working spaces offer a variety of flexible membership options. So startups and small businesses can choose the option that best suits their needs and budget.
- Affordability: Co-working spaces are often more affordable than traditional office space. Especially for startups and small businesses that are on a tight budget. Startups and small businesses can save money on rent, utilities.
- Community: Co-working spaces provide startups and small businesses with the opportunity to network with other professionals in their field. This can lead to collaboration opportunities, new clients, and other benefits.
- Amenities: Coworking spaces typically offer a variety of amenities that can be beneficial for startups and small businesses. Such as high-speed internet, meeting rooms, printing services, and kitchens.
In addition to the above benefits, Co-working spaces can also help startups and small businesses to:
- Project a professional image: Startups and small businesses can project a more professional image to clients and investors by working in a coworking space. Coworking spaces typically have a professional and polished environment.
- Stay focused and productive: Coworking spaces are designed to be productive environments, with amenities such as quiet areas and meeting rooms. This can help startups and small businesses to stay focused and productive on their work.
- Find talent: Coworking spaces can be a great place to find talent. Startups and small businesses can meet other professionals in their field at coworking events and meetups.
- Get support: Coworking spaces can provide startups and small businesses with the support they need to succeed. Coworking space managers and staff can offer advice and guidance on a variety of topics.
Overall, Co-working spaces can be a great fit for startups and small businesses that are looking for a flexible, affordable, and supportive work environment.
The global Co-Working Space Market size was valued at USD 6.89 billion in 2021 and is predicted to reach USD 24.00 billion by 2030 with a CAGR of 14.9% from 2022-2030.
How Much Does It Cost to Rent a Coworking Space?
The cost to rent a coworking space varies depending on a number of factors, including the location, the type of membership, and the amenities offered. However, in general, coworking spaces are more affordable than traditional office space.
Here is a breakdown of the average cost to rent a coworking space in the United States:
Dedicated desk: $300-$400 per month
- Hot desk: $195 per month
- Day pass: $20-$50 per day
Some coworking spaces also offer private offices. Which can range in price from $600-$1,000 per month.
In addition to the membership fee, coworking spaces may also charge for additional amenities, such as printing, meeting room usage, and parking.
Here is a breakdown of the average cost to rent a coworking space in Dhaka, Bangladesh:
- Dedicated desk: BDT 25,000 – BDT 35,000 per month
- Hot desk: BDT 450 – 550 per day
- Day pass: BDT 100 – BDT 200 per day
Some coworking spaces in Dhaka also offer private offices. Which can range in price from BDT 1,500 – BDT 2,500 per month.
Here are some tips for finding the best deal on coworking space rent:
- Compare prices from different coworking spaces in your area.
- Ask about discounts for students, veterans, or nonprofits.
- Look for coworking spaces that offer flexible membership options.
- Negotiate with the coworking space manager.
Overall, coworking spaces can be a great way to save money on office rent. By comparing prices and asking about discounts. You can find a coworking space that fits your budget and needs.
Co-Working & Virtual Space for Rent price in Bashundhara Area
Name of our Product | Price Per Month |
Hot Desk or Shared Desk | 12,000 BDT |
Dedicated Executive Desk | 18,000 BDT |
Shared Hot Desk Desk | 7,200 BDT |
CEO /Director Chamber / Room | 54,000 BDT |
Manager Chamber /Room | 42,000 BDT |
Meeting Room – 48 Hrs Notice | 7,200 BDT |
Virtual Business Address | 9,600 BDT |
Virtual Phone Number | 2,400 BDT |
Virtual Mailbox | 2,400 BDT |
The Pros and Cons of Renting a Co-working Space
Pros:
- Affordability: Coworking spaces are often more affordable than traditional office space, especially for startups and small businesses.
- Flexibility: Coworking spaces offer a variety of flexible membership options, so you can choose the one that best suits your needs and budget. You can also scale up or down your space as needed.
- Community: Coworking spaces provide a sense of community and support for workers. You can meet other professionals in your field and learn from their experiences. You can also collaborate on projects and make new friends.
- Productivity: Studies have shown that people who work in coworking spaces are more likely to report feeling focused and motivated. This is likely due to the fact that coworking spaces are designed to be productive environments.
- Amenities: Coworking spaces typically offer a variety of amenities that can be beneficial for workers. Such as high-speed internet, meeting rooms, printing services, and kitchens.
Cons:
- Distractions: Coworking spaces can be noisy and distracting, especially if you are used to working in a quiet environment.
- Lack of privacy: Coworking spaces are typically open spaces, so there is not a lot of privacy. If you need to work on confidential projects. A coworking space may not be the best option for you.
- Rules and regulations: Coworking spaces may have rules and regulations that you need to follow, such as noise restrictions and guest policies.
- Location: Coworking spaces may not be located in convenient locations. If you have to commute a long distance to get to a coworking space, it may not be worth it.
Overall, coworking spaces have a number of pros and cons. It is important to weigh the pros and cons carefully before deciding if a coworking space is right for you.
Here are some things to consider when deciding if a coworking space is right for you:
- Your budget: Coworking spaces can be more affordable than traditional office space, but they still cost money. Make sure you can afford the membership fee and any additional fees for amenities.
- Your work style: Do you need a quiet environment to work? Or do you enjoy working in a more social and collaborative environment? Coworking spaces can be a good fit for both types of workers.
- Your needs: What amenities are important to you? Do you need access to meeting rooms, printing services, or a kitchen? Make sure the coworking space you choose has the amenities you need.
- Location: Where is the coworking space located? Is it in a convenient location for you to commute to?
If you are considering renting a coworking space, I recommend visiting a few different coworking spaces to get a feel for the environment and the amenities offered. You can also talk to other coworking space members to get their feedback.
How Serviced Office Space Can Help Your Business Grow
Here are some specific ways that serviced office space can help your business grow:
- Attract top talent: A professional and well-located serviced office space can help you attract top talent to your team. Employees are more likely to want to work for a company that has a professional image and is located in a convenient location.
- Impress clients: When you meet with clients in a serviced office space, you are sending the message that your business is successful and professional. This can help you make a good first impression and win more business.
- Grow your team: As your business grows, you can easily scale up your serviced office space to accommodate more employees. This means that you won’t have to worry about finding a new office space every time you hire a new employee.
- Expand into new markets: If you are looking to expand your business into new markets, serviced office spaces can make it easy to do so. You can rent serviced office space in a new city without having to commit to a long-term lease.
Overall, serviced office space can be a great way to help your business grow. It is a flexible, affordable. And a professional option that can provide your business with the space and amenities it needs to succeed.
Serviced Office Space vs. Traditional Office Space: Which Is Right for You?
Serviced office space and traditional office space are both viable options for businesses of all sizes. But they have different advantages and disadvantages. Ultimately, the best type of office space for your business will depend on your specific needs and budget.
Serviced office space is a fully furnished and equipped office space that is leased on a flexible basis. Serviced office spaces typically offer a variety of amenities. Such as high-speed internet, meeting rooms, printing services, and kitchens.
Traditional office space is a leased or owned office space that is typically not furnished or equipped. Traditional office spaces can be customized to meet the specific needs of the business. But this can also lead to higher upfront costs. Traditional office spaces are a good option for businesses that need a lot of space.
Here is a table that compares serviced office space and traditional office space:
Factor | Serviced office space | Traditional office space |
Flexibility | High | Low |
Affordability | High | Low (upfront costs may be high, but ongoing costs may be lower) |
Location | Typically in prime business districts | Can be in a variety of locations |
Amenities | Typically included in the lease price | May need to be purchased or rented separately |
Community | Can provide a sense of community and support | May not provide as much of a sense of community or support |
Which type of office space is right for you?
If you are looking for a flexible and affordable office solution, serviced office space may be the best option for you. Serviced office spaces are also a good option for businesses that are new to a city or region and do not want to commit to a long-term lease.
If you need a lot of space or have specific requirements for your office layout, traditional office space may be the best option for you. Traditional office spaces can be customized to meet your specific needs.
Here are some additional things to consider when choosing between serviced office space and traditional office space:
- Your budget: Serviced office spaces are typically more expensive than traditional office spaces on a monthly basis. But they can be more affordable upfront because you do not have to worry about the costs of furnishing and equipping your office.
- Your needs: Consider your specific needs when choosing between serviced office space and traditional office space. Do you need a lot of space? Do you have specific requirements for your office layout? Do you need access to certain amenities?.
- Your location: Serviced office spaces are typically located in prime business districts, while traditional office spaces can be located in a variety of locations. Consider where you want your office to be located when making your decision.
Ultimately, the best way to decide which type of office space is right for you is to visit a few different serviced office spaces. And traditional office spaces to get a feel for the environment and the amenities offered.
7 Tips for Choosing the Right Serviced Office Space for Your Needs
Here are 7 tips for choosing the right serviced office space for your needs:
- Consider your budget. Serviced office spaces can vary in price, so it is important to consider your budget when making your decision. Be sure to factor in the cost of the rent. As well as any additional fees for amenities or services.
- Think about your location needs. Serviced office spaces are typically located in prime business districts, but they can also be found in other areas of town. Consider where you want your office to be located when making your decision.
- Consider your space needs. How much space do you need for your team? Do you need a private office or a shared workspace? Do you need access to meeting rooms or conference rooms? Make a list of your space needs before you start looking at serviced office spaces.
- Look for the right amenities. Serviced office spaces typically offer a variety of amenities, such as high-speed internet, printing services, and kitchens. Consider which amenities are important to you and make sure the serviced office space you choose offers them.
- Read the lease agreement carefully. Before you sign a lease agreement, be sure to read it carefully and understand all of the terms and conditions. Make sure you are aware of the length of the lease.
- Ask about the community. Serviced office spaces can provide a great sense of community and support for businesses. Ask about the types of businesses that are located in the serviced office space.
- Take a tour. Before you sign a lease agreement, be sure to take a tour of the serviced office space. This will give you a chance to see the space in person and ask any questions you may have.
Serviced Office Space Rental Price in Our Areas
Office Location / Area | Bashundhara | Banani | Gulshan |
Rent Per Month | BDT: 7,80,000/= | BDT 10,20,000/= | BDT: 12,60,000/= |
Minimum Contract Duration | 03 Years | 03 Years | 03 Years |
Advance Deposit | 01 Years | 01 Years | 01 Years |
15% VAT and 5% Tax | To be Added | To be Added | To be Added |
Days need to Deliver after Contract. | 02 Months | 03 Months | 03 Months |
Minimum Space of Office | 3500 SQF | 3000 SQF | 3000 SQF |
Fully Furnished & Ready to Go Sate | Yes | Yes | Yes |
Pickup & Drop Car Service | NO | NO | Yes |
Expand office space (extensions) | YES | NO | NO |
Branding inside/outside | Yes | Yes | Yes |
Type of Building | Commercial | Commercial | Commercial |
Security Deposit | 2 Months | 3 Months | 3 Months |
We provide Fully Furnished Serviced office workspace renting where you will enjoy the following facility mentioned below:
- Availability of Main Entrance access control system.
- 24*7 access with Access Cards Control System for all employees.
- Maximum 50 People with 2 Person executive room x 5 nos.
- 05 office room for CEO / Country Manager.
- 02 meeting room with 01 Big Conference Room.
- Large meeting room for 12 people Capacity.
- Open desk workstation area x 3-4.
- CCTV, Printer, Networking with all IT Facilities.
- 2 person executive room x 5 nos.
- 24-Hour utilities for electricity, lighting & water.
- Air Conditioning and Power Generator Backup.
- Internet Connection (Wi-Fi) and basic IT infrastructure.
- (Firewall/UPS/Network installation and configuration).
- IP Phones with 2 large and 02 medium and 2 small File Storage.
- Lobby area with Receptionist with Daily Cleaning Services added.
- Unlimited Tea/Coffee/Water dispenser (Pantry) Janitorial Services.
- Lobby area with Receptionist.
- 1 car parking.
How to Find the Best Fully Furnished Space for Your Needs
To find the best fully furnished space for your needs, you should consider the following factors:
- Budget: Fully furnished spaces can vary in price, so it is important to set a budget before you start your search. Be sure to factor in the cost of rent, utilities, and any additional fees for amenities or services.
- Location: Consider where you want your fully furnished space to be located. Do you want to be close to work, school, or other important amenities? Do you need to be in a central location with easy access to public transportation?
- Space needs: How much space do you need? Do you need a one-bedroom apartment or a four-bedroom house? Do you need a dedicated workspace or can you work from the kitchen table?
- Amenities: What amenities are important to you? Some fully furnished spaces offer amenities such as a gym, pool, or laundry facilities. Others may offer additional services such as housekeeping or parking.
- Lease terms: Be sure to read the lease agreement carefully before you sign it. Make sure you understand the length of the lease. The cancellation policy, and any other important details.
Once you have considered these factors, you can start your search for a fully furnished space. There are a number of different ways to find fully furnished spaces, including: - Online listings: There are a number of websites that list fully furnished spaces for rent. Some popular websites include Airbnb, Vrbo, and Furnished Finder.
- Real estate agents: Real estate agents can help you find fully furnished spaces for rent. They can also help you negotiate the lease agreement and ensure that you are getting the best possible deal.
- Word-of-mouth: Talk to your friends, family, and colleagues to see if they know of any fully furnished spaces for rent. They may be able to give you recommendations or connect you with someone who is renting out a fully furnished space.
Once you have found a few fully furnished spaces that you are interested in, be sure to schedule a time to tour them in person. This will give you a chance to see the space for yourself.
Here are some additional tips for finding the best fully furnished space for your needs:
- Be flexible with your dates. If you are flexible with your move-in and move-out dates, you will have more options to choose from.
- Consider renting from a private owner. Private owners may be more willing to negotiate on the price or lease terms than a large company.
- Don’t be afraid to ask questions. Ask the landlord or property manager about the amenities, the lease terms. And anything else that is important to you.
By following these tips, you can find the best fully furnished space for your needs and budget.
Shared Office Space: A Flexible & Sustainable Workspace Choice
Shared office space, also known as coworking space, is a type of workspace where multiple businesses and individuals share a common area. Shared office spaces typically offer a variety of amenities.
Shared office space has become increasingly popular in recent years. As more and more businesses and individuals look for flexible and sustainable workspace solutions.
Here are some of the benefits of renting shared office space:
- Flexibility: Shared office spaces typically offer flexible lease terms and a variety of membership options. So you can choose a plan that meets your specific needs. This is especially beneficial for startups and small businesses that are growing rapidly.
- Affordability: Shared office space is often more affordable than traditional office space. Especially when you factor in the cost of utilities, furniture, and other overhead expenses.
- Sustainability: Shared office spaces can help businesses reduce their environmental impact by promoting resource sharing and efficient space utilization.
- Community: Shared office spaces can provide a sense of community and support for businesses and individuals. You can network with other professionals in your field and learn from their experiences.
Shared Office Space: The Pros and Cons
Shared office space is a type of workspace where multiple businesses and individuals share a common area. Shared office spaces typically offer a variety of amenities. Such as high-speed internet, printing services, and meeting rooms.
Shared office space has become increasingly popular in recent years. As more and more businesses and individuals look for flexible and sustainable workspace solutions.
Here are some of the pros and cons of shared office space:
Pros:
- Flexibility: Shared office spaces typically offer flexible lease terms and a variety of membership options. So you can choose a plan that meets your specific needs. This is especially beneficial for startups and small businesses.
- Affordability: Shared office space is often more affordable than traditional office space, especially when you factor in the cost of utilities, furniture, and other overhead expenses.
- Sustainability: Shared office spaces can help businesses reduce their environmental impact by promoting resource sharing. And efficient space utilization.
- Community: Shared office spaces can provide a sense of community and support for businesses and individuals. You can network with other professionals in your field and learn from their experiences.
Cons:
- Distractions: Shared office spaces can be noisy and distracting. Especially if you are working on a project that requires concentration.
- Lack of privacy: Shared office spaces do not offer the same level of privacy as traditional office space. This can be a concern if you are dealing with sensitive information.
- Security: Shared office spaces may not have the same level of security as traditional office space. This is something to consider if you have valuable equipment or data.
Overall, shared office space can be a great option for businesses. And individuals who are looking for a flexible, affordable, and sustainable workspace solution.
How to Choose the Right Virtual Office Address for Your Needs
Choosing the right virtual office address for your needs can be a daunting task, especially with so many providers and options to choose from. However, there are a few key factors to consider that can make the process easier and help you find the best solution for your business.
1. Location
The location of your virtual office address is important for a number of reasons. First, it can affect your business’s credibility and professionalism. A prestigious address in a central business district can make a good impression on potential clients and partners.
2. Services
Virtual office providers offer a variety of services, so it’s important to choose one that meets your specific needs. Some common services include:
- Mail handling and forwarding
- Call answering and forwarding
- Meeting room access
- Live receptionist services
- Administrative support
3. Price
The price of virtual office services can vary depending on the location, services offered, and other factors. It’s important to compare prices from different providers to find the best deal for your budget.
4. Reputation
When choosing a virtual office provider, it’s important to do your research and read reviews from other businesses. This will help you avoid any potential problems with customer service or reliability.
5. Flexibility
Some virtual office providers offer more flexibility than others. For example, some providers may allow you to scale your services up or down as needed. While others may have long-term contracts.
Benefits of Using a Virtual Office Address for Your Business
There are many benefits to using a virtual office address for your business, including:
- Professionalism and credibility. A virtual office address in a prestigious business district can give your business a professional image, even if you don’t have a physical office there. This can be especially beneficial for startups and small businesses trying to establish credibility with clients.
- Cost savings. Virtual office addresses are typically much less expensive than renting a traditional office space. This can save you a significant amount of money on overhead costs. Especially if you’re a small business or startup.
- Flexibility. With a virtual office address, you can work from anywhere in the world. This is ideal for remote workers and businesses with multiple locations.
- Privacy. A virtual office address can help to protect your personal privacy. You can choose to have your mail and calls forwarded to a different location, such as a coworking space or your home address.
- Scalability. Virtual office addresses are scalable, so you can easily upgrade or downgrade your services as needed. This is ideal for businesses that are growing or downsizing.
Other benefits of using a virtual office address include:
- Access to meeting rooms and other business amenities. Many virtual office providers offer access to meeting rooms, conference rooms. And other business amenities on an as-needed basis. This can save you the hassle of having to book meeting rooms at hotels or other businesses.
- Receptionist services. Some virtual office providers offer receptionist services, such as answering calls and greeting clients. This can free up your time to focus on more important tasks.
- Mail forwarding and handling. Virtual office providers can handle your mail for you, including sorting, scanning, and forwarding it to your preferred location. This can save you a lot of time and hassle.
- Business support services. Some virtual office providers offer business support services. Such as administrative assistance, bookkeeping, and legal services. This can be a valuable asset for small businesses that don’t have the resources to hire their own staff.
Overall, using a virtual office address can be a great way to save money, improve your business’s professionalism. And gain access to a variety of valuable services.
Why Space Rent is Ideal for Creative Businesses
Creative businesses often have unique needs when it comes to workspace. They need a space that is affordable, flexible, and inspiring. Space rent is an ideal solution for many creative businesses because it meets all of these needs.
One of the biggest advantages of space rent is that it is typically much more affordable than leasing or buying a traditional office space. This is especially important for creative businesses, which are often startups or small businesses with limited budgets. Space rent also offers a great deal of flexibility.
Creative businesses can rent space on a short-term or long-term basis, and they can easily upgrade or downgrade their space as needed. This is ideal for businesses that are growing or changing rapidly.
Another important benefit of space rent is that it can help to foster collaboration and creativity. Creative businesses often benefit from being in close proximity to other creative businesses and professionals.
Business Workspace Trends for 2023 and Beyond
Business workspace trends are constantly evolving, as businesses adapt to changing needs and technologies. Here are some of the key trends to watch for in 2023 and beyond:
1. Hybrid workspaces
Hybrid workspaces are becoming increasingly popular, as businesses realize that employees value the flexibility to work both remotely and in the office. Hybrid workspaces offer a variety of amenities and spaces to support different types of work, such as individual focus work, collaboration, and meetings.
2. Biophilic design
Biophilic design is a trend that focuses on incorporating elements of nature into the workplace. This can include things like plants, natural light, and water features. Biophilic design has been shown to improve employee productivity, well-being, and creativity.
3. Smart offices
Smart offices are becoming increasingly common, as businesses look to improve efficiency and productivity. Smart offices use technology to automate tasks, manage energy consumption, and create a more comfortable and productive environment for employees.
5. Collaborative workspaces
Collaborative workspaces are designed to encourage teamwork and collaboration. These spaces typically feature open floor plans, shared workspaces. And meeting rooms that can be easily configured for different types of work.
6. Focus on employee well-being
Businesses are increasingly recognizing the importance of employee well-being. This is leading to a trend towards creating workspaces that promote physical and mental health. Some examples of this include offering on-site wellness programs. Providing ergonomic furniture.
Tips for Choosing the Right Business Workspace
Here are some tips to help you choose the right workspace for your needs:
- Consider your budget. Business workspaces can range in price from a few hundred dollars to several thousand dollars per month. It is important to set a budget before you start your search so that you don’t overspend.
- Think about your location. Do you need to be in a central location to be close to clients or customers? Or are you willing to work in a less central location to save money? Consider the commute time for your employees and the availability of parking and public transportation.
- Decide on the size and type of space you need. Do you need a private office, a coworking space, or a virtual office? Consider the number of employees you have, the type of work you do, and how much space you need for storage and equipment.
- Look for amenities that are important to you. Some business workspaces offer amenities such as meeting rooms, conference rooms, kitchens, and gyms. Consider which amenities are important to you and your business.
- Read reviews of different workspaces. Once you’ve narrowed down your choices, read reviews of different workspaces to see what other businesses have to say. This can help you get a better sense of the pros and cons of each workspace.
The Bottom Line
A business workspace is an important investment for any business. By choosing the right workspace, you can create a productive and supportive environment for your employees, project a professional image to your clients. And position your business for future growth.
When choosing a business workspace, consider your budget, location, size and type of space, amenities, and business image. You should also think about your future growth plans and be prepared to negotiate.
I hope this information has been helpful. Please let us know if you have any other questions. Contact Us