The Financial sense on Co-working over Traditional Office Lease
Co-working has become the smart financial sense option when looking for office space!
Teams of 1 - 15 people looking for office space to keep their culture, work-life balance and collaboration strong, are vastly looking at the co-working industry for flexible office space.
The co-working industry is seeing exponential growth, and it’s no wonder small to medium-sized companies are parting ways with traditional office leases.
The benefits are huge; Co-working operators have taken care of the heavy investment and carefully planned, designed and fitted out work spaces ready to house companies, entrepreneurs and their employees ready to jump straight to work.
A grade Location
A grade office workspace
Reception
High-speed Fiber internet
A grade meeting and training rooms equipped with AV media
Fully equipped Kitchen
Security
Occupying long term real estate can burden your balance sheet with large upfront bonds and liability to fulfil the long term lease. The financial sense is in Co-working as it’s tax-deductible, take advantage of it. Any lease term under 12 months can be logged as an expense
When comparing figures from approx 4-6 person office spaces in Richmond 3121 between traditional lease and co-working, you can expect to save approx 50% per year.
In comparison to a traditional office, you can expect to save in excess of 50%
