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Why more and more big businesses are flocking to shared office space

Posted by Oliver Corrigan on May 1, 2018 8:30:00 AM
Oliver Corrigan
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Long gone are the days when serviced offices were confined to start-ups and freelancers. Some of the biggest corporations in the world are flocking to shared office space, seeking out flexible office arrangements in trendy, conveniently-located environments. 

Increasing demand


There are a number of factors that are driving this increased demand for serviced offices where staff from different companies often work in proximity to each other.


The freedom provided by the internet is one of the main reasons why working from a place that isn’t the actual premises of the business is growing in popularity.


The progressive evolution of technology brings along with it the increased potential for disruptive innovation, which is another major driving force behind the growing demand for shared working spaces.


Allied with the enabling technology is a new generation of workers who have grown up used to the freedom afforded them by the internet and modern computer technology.


Many larger firms are now employing more people who value this freedom such as freelancers and independent contractors, all of whom can benefit from the flexibility that a serviced office space can provide.


Workspace flexibility


In addition to freelancers and contractors, there has been a huge increase in the amount of telecommuting work that companies make use of. For many roles within a company, it simply isn’t necessary to be on site every day of the week, and sometimes hardly ever.


This opens up opportunities for businesses to recruit the best talent from around the country without necessarily requiring them to up sticks and move closer to the company’s location.


Co-working in a shared office space opens up other possibilities as well, in the form of ideas shared between those talented workers sharing the work space. Local innovations, available talent and potential partnerships can all be discovered and explored via shared and serviced office spaces. Such spaces can be quickly become hubs of talent, resources and new ideas.


Expansion opportunities


Big businesses attempting to tap into new markets or expand into new territories are also discovering the benefits of shared work spaces. When expanding into a new market, it is wise for a bigger business to reduce the risk by minimising the costs of the business expansion.

The best way to do this is by employing a small but agile team to manage the project. Setting them up in a serviced office will keep the additional expenditure to a minimum, allowing the budget to go towards attracting the best talent while ensuring they have the funds to make the project a success.


Once a new market has been tapped into or a business has established itself in a new territory, it can be difficult to judge how quickly the company’s presence there will need to grow. The flexibility of a serviced office space becomes extremely useful in this instance, as companies can use additional space as and when it is needed without committing to a long-term lease.


Using a serviced office space removes that financial risk as well as eliminating much of the other problematic logistics that come along with investing in permanent premises.



If you think your business can benefit from serviced offices or professional meeting rooms for conferences of all sizes, including small internal gatherings or large networking events, contact Carrwood Park via the website’s enquiry form or call our friendly team on 0113 385 4480.




Topics: business, location, branding, productivity, office space, serviced offices

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