Trends in the business world tend to change very quickly today. One of the recent trends is moving your business to a coworking space instead of a traditional office. These are becoming more and more popular every single day and if you are thinking about business relocation, a shared office space might just be the right option for you. But before you start moving, let’s take a look at some pros and cons of both coworking spaces and traditional offices.

Leasing Prices

The most important thing you should have in mind when relocating your business is how much your new premises are going to cost. When renting an office, in most of the cases, your leasing price is going to be quite expensive. This is especially the case if you need a good location and a big office. Still, besides the lease, there are other costs of your relocation that have to be covered. We are talking about broker fees and different kinds of permits you will have to get. When moving to a shared office space, you won’t have to deal with any of these and leasing prices will be lower. Of course, there are some coworking spaces that charge too much and that’s why it’s always necessary to do thorough research before you sign up for a spot.

Operating Expenditure

Of course, once you move into your new premises, there will be some new expenditures you will have to take care of as well. Installing security systems, installing air conditions and setting up internet connection are just some of things you have to do when you relocate your business. Still, these can cost quite a lot and may affect the way your business is growing. On the other hand, in coworking spaces, you won’t have to deal with any of these. In most of the cases, you will be provided with proper security, good internet connection, enough printing machines etc. Still, only if you opt for the right shared office space, will you have everything you need in order to run your business smoothly.

Energy and Time

Business relocation is always guaranteed to take you a lot of energy and time. When moving to a traditional office, you first have to make sure everything is prepared in your new offices before you start bringing your equipment. Quite often, you will have to throw away all the junk left by the previous owners and do some redecorating before you actually move. This can take too much of your time and energy you would otherwise spend on running your business. When moving to a coworking space, your new premises will be completely prepared and all you have to do is pack your stuff and get it there. It’s always a good idea to check that none of the equipment you are going to bring is too noisy in order to avoid any conflicts.

Number of Clients

Another important thing you will have to take into consideration when moving your business is the number of clients your new premises are going to attract. A traditional office is a good choice as long as you are able to afford an attractive location and well-designed premises. If you aren’t able to afford any of these, chances are your clients are going to turn to your competition. A great thing about shared office spaces is that they offer you the highest quality office space you can find. Experts who deal with office space in Sydney say that the best coworking spaces are always supposed to provide you with well-designed offices and meeting rooms that will attract a large number of clients.

Having all of this mind, a traditional office is a good choice only when you are able to afford an attractive location and the finest premises. Right because of this, coworking spaces are constantly gaining popularity among the small business owners and are definitely a great option.