Office spaces are developing to be the new norm for a method of a startup or a small organisations looking for a space to start their business with the least possible expenditure. First, what are these office spaces and how to they work? If you are looking for an answer to these questions, you are in the right place. Office spaces are basically rented spaces not owned by a single business but a shared workspace that include employees from different companies working together for different goals. These offices are not like the offices in businesses where all of the employees work for the same organisation. All of the individuals in these workspaces are either freelancers, small business employees or startup business owners. Large businesses could also capitalise from this method of renting office spaces. As an example, a large business has available extra workspaces in the building. These large companies could rent these spaces to smaller business owners, to startup business owners or even freelance workers. This would provide a source of added revenue to the company and new potential business for the organisation. There are chiefly two types of office spaces that are being popularised, which are; Shared Office Spaces and Private Office Spaces. This article will discuss the two office spaces briefly.

Shared Spaces

The first is a shared office space. It could also be called a coworking Hong Kong since it is essentially a space where individuals who do not work for the company that owns spaces and the company’s own employees, work together. The advantages of these shared spaces are that startup businesses do not have to spend to establish an office for them, which would be added expenditure and inconvenient. Another feature of a shared office space is the social factor. Meaning, there can be an environment to socialize with the other employees in the company, sharing ideas and co-operating with each other.

Private Office Spaces

A private space is essentially a room secluded from the rest of the cubicles/workspaces in the floor. Some organisations do rent their redundant private spaces for added revenue. An advantage of these private spaces is that these spaces are the best to be a perfect shared office space where normal business processes can be undertaken without having to own a space of their own. Unlike shared spaces, a private space, like the name suggests, is private and safe, away from any sort of valuable information leak.

Office spaces are turning out to very popular especially in this current generation with a higher number of freelancers than before. The more popular they get, the more efficient they will be.