Coworking is a rapidly growing industry, particularly in metropolitan areas such as Sydney, Brisbane, Melbourne and Adelaide. As more people become freelancers, start their own businesses and work remotely, there is a huge demand for shared workspaces and offices that can be hired or rented on a short-term basis.
For many established businesses, this presents a golden opportunity to make use of spare office space and bring in extra revenue. A lot of businesses have even hired out enough coworking space to cover their own lease, so they are essentially using their premises for free!
What are the benefits of hiring out an office space for coworking?
While the financial benefits are obvious, the other reason to hire out office space is the culture it can bring to your own work team. Whether freelancing or running their own business, most people who use coworking spaces are in the line of work that takes passion and innovation even to survive. Working alongside people who are just as engaged with their work as your own employees, can help ignite a culture of creativity and provide fresh people to bounce ideas off and collaborate with.
The other benefit is that you get to choose when you rent your space out. Particularly when renting out to hot deskers you can choose whether to make the space available full time or part time, or on a temporary basis.
What type of coworking space should I hire out?
How you rent out your space depends on the facilities and amount of space you have available. The hot desking model of coworking involves providing a space with shared facilties (desks, chairs, powerpoints, coffee machine, etc) that people can book and use at will. Many hot desking spaces also provide one or several private meeting rooms that people can make use of.
The serviced office model is for individuals or small businesses who want their own, semi-permanent space. These are rooms or mini-office setups (sometimes it can be a whole floor) that you can rent out for a monthly fee.
Depending on what facilities you have available, you can provide a combination of serviced offices and hot desking spaces.
Are you ready to hire out your office space?
At Air Deskers we make it easy for you to advertise your space, and for hot deskers and people searching for serviced offices to find you. Check out how it works here, or get in touch if you still have questions.