INVESTOR INTELLIGENCE
Whereas a coworking space is a shared space that provides a collaborative and flexible environment for individuals and businesses to work , favouring open-plan workspaces and shared common areas with other tenants .
Each has its benefits , though choosing between serviced offices and coworking spaces ultimately depends on the business ’ s specific needs .
2 . Shared offices In a shared office space , tenants share a physical workspace , but they have their own private offices or workstations . They differ slightly from serviced offices because occupants are responsible for IT and administrative needs . Typically , these are good options for businesses looking for a professional workspace without the commitment or cost of a long-term lease .
3 . Traditional office spaces Before Covid-19 , the world was heavily familiar with the concept of traditional office spaces . These are typically non-shared offices leased or owned by a single company or organisation and are responsible for managing all aspects of the space , including maintenance , cleaning , and security .
Whilst traditional spaces offer a dedicated and private workspace , many new businesses are adopting a more hybrid approach . Coworking Resource reported that there has been a 158 % increase in coworking spaces since 2020 , prompting more expansion in
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