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Coworking Space VS Traditional Office

On this topic we are going to discuss the growing trend of coworking space, as there are more and more coworking space available on the market.


What is coworking space?


It is a shared workspace that equipped with office furniture, amenities and technology. There are multiple renting plans for members to choose, members will need to pay a monthly fee to enjoy the facilities. The idea of coworking space is to create an opened, collaborative working experience to all sizes of business.


  • Ucommune - Mong Kok - Furgo Movable Wall

What is the difference between coworking space and private office?

Cost

Coworking Space

Lower rental cost - Needless to say, the membership fee covers most of the office necessity that you required, and the properties are well managed. Besides, most of the coworking space are well-designed, cosy and comfortable, they usually offer free snacks and coffee etc,.


Private office

Higher leasing cost - It usually required at least one year lease contract, so you want to be careful when choosing the location and the size of your office.

Location


Coworking Space

Although coworking space is not as common as traditional office, there are plenty of coworking space choices in Hong Kong. They are usually located in Kowloon and Hong Kong Island district, and some of them are open 24/7, even if you are a night owl, you can be productive whenever you are inspired.

Private office

Of course, you can choose your preferred location anywhere, and different location has a different lease rate, not all the premises are available 24/7 and even if they do, the facilities might partly closed at night, you might not experience the same warm welcoming ambience as the coworking space late at night.

Privacy & Network

Coworking Space

You will expect that there are distractions sometimes, as you are surrounded by talents and entrepreneurs, answering phone calls, chit chatting, walking around, yet multifunction room is available for you to reserve in advance for a meeting or an event, that way you can run your event smoothly away from the chaos.


Perks: More talents means greater opportunity, networking and collaboration begins here, ideas and inspiration are exchanged freely. If you are working in creative industry, coworking space is your gem.


Private office

Traditional office offers greater privacy for individuals to work on their own task independently, the working environment is more likely to discourage collaborative working, yet it is suitable for non-creative businesses, and business that require to project a professional image to their clients.

What do you think?


Do you prefer to work in a private office or coworking space as an employee? Would you consider to rent a coworking space to start off your business?



Ucommune - Mong Kok - Furgo Movable Wall

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