Shared office space saves costs to companies

Companies can view office space as a service.

Shared office space can save costs. Shared office space can save costs. (Source: Sme)

Company owners are searching for more effective solutions for managing their companies. One of such solution is shared office space; as much as 80 percent of companies using this solution put cost reduction as the reason. This way they save especially on costs needed for acquisition of offices and rentals, as well as repair and maintenance costs, a survey conducted by International Workspace has confirmed.

As much as one third of the surveyed 18,000 companies from 69 countries listed savings between 5 and 10 percent after they moved into shared office space, while one half put savings between 10 and 20 percent. Less than one fifth of companies claim that their costs fell by more than one fifth.

“The company can invest saved costs into other parts of the business, its extension or development of its employees,” said Karol Pelán, manager of the company Regus for the Czech Republic and Slovakia as cited by the TASR newswire. “Also, big corporations have already realised that costs for office rental and maintenance do not need to be a fixed item in the company’s structure of costs.”

When opting for shared office space, companies can consider office space like other services and pay only for what they need at a given moment.

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