You’ve probably heard about shared office space, but what is it all about?

Shared offices involves sharing spaces and amenities. Unlike in a typical office, those in shared working spaces are usually not employed by the same company. Recent studies show that the number of shared working spaces have roughly doubled each year between 2006 and 2015.

Despite its growing popularity, many people are still unfamiliar with the concept of working in a shared office. We’ve listed 6 common misconceptions of shared working space. Find out if this new working style is for you.

1. Shared offices are only for startups


Startup and freelancers are definitely the key drivers to the success of sharing economy. However, the benefits of sharing offices don't only apply to these small businesses. The amount of large organizations that are adopting alternative workplace practices is growing rapidly. Shared office space is the perfect option for local or satellite offices. This is a great way to save money and still be productive at the same time.

2. Shared office space limits growth

alt (WeWork office in San Francisco)

Many people think that shared working spaces don’t allow growth because they are often viewed as small and cramped workspaces with limited seating. The truth is that shared working spaces are adaptable and they vary in sizes. The most well-known coworking space provider WeWork has more than 212 offices and 200,000 members worldwide, which is a perfect option for companies looking to expand globally.

3. Shared offices are too noisy


This is the most common concern about sharing office spaces because noise can be quiet distracting sometimes. The good news is that shared offices generally have quiet areas such as conference rooms or quiet tables. Sometimes they even have white noise machines that can filter out nearby noises. If your office does not provide such accommodations, bring some earbuds and listen to music that helps you concentrate.

4. Coffee shops are as good as shared working spaces


Coffee shops seem like the perfect spots for freelancers and smaller teams who don’t require a lot of permanent amenities, especially if you are looking to save money. However, if you want a quiet and productive space, coffee shops aren’t the place to be in the long run. Coffee shops are short-term venues for grabbing a drink and a snack. They're a place for people to get away from work, not to start it.

5. There is no shared office space near me

alt (2 person room within a shared office space in Central, Hong Kong) view here.

You are missing out if you still think the Starbucks around the corner is your only option. There are many office spaces around the world that are underutilized. Don’t know where to find a office? We’ve got you covered. Large real estate agents aren’t the only way to go when looking for flexible workspaces. Startups such as Quikspaces provide online marketplace for shared working spaces that vary in size and location. Whether you are looking for a hot desk or a shared office near your home, you will sure be able to find something that suits your needs.

6. You have to commit to long-term contract

alt (Hot desk in Central, Hong Kong)

The best thing about shared office spaces is that you DO NOT have to commit to a long-term contract. If you were to lease a typical office, the lease term can range from 2 to 5 years, or even longer. For startups and small businesses, it is risky to make such a huge obligation. Fortunately, there are no such commitments with shared offices. While some landlords only ask for one or two month's security deposit, other places don’t even require any deposit for membership to services like a coworking lounge.

Are you tempted to find a shared office space?

Head over to Quikspaces and get started today.