Coworking versus Shared Office Space: Which is better for your small business?

By |2021-04-05T19:23:16-04:00May 27th, 2019|Coworking Office Space, Shared Office Space|

Coworking has been all the rage for the past decade, but there’s a lot that small business owners don’t know about the differences between coworking and shared office space facilities (also called office business centres or executive suites). The main reason for this confusion is that some large corporate chains of business centres and executive suites have started to claim that what they’re offering are coworking spaces – without really knowing what the original coworking philosophy was all about. When you look coworking up on Wikipedia, you’ll find this explanation: “Coworking is a social gathering of a group of people who are still working independently, but who share values and who are interested in the synergy that can happen from working with people who value working in the same place alongside each other.” Notice that the key words are “social gathering” and “share values” – meaning that true coworking is [...]

Will Flexible Workspaces Disrupt the Traditional Satellite and Branch Office Markets?

By |2021-08-23T10:52:50-04:00November 21st, 2018|Coworking Office Space, Shared Office Space|

In our introductory post to Flex space solutions post “Flexible Workspace what is it and who benefits?” we explained flex space refers to office space provided outside the “conventional lease” markets. In Toronto, this includes coworking space, most business centres and shared office space providers. As corporate businesses learn more about how the flex space networking culture and entrepreneurial environment affects their employees and see the results, flexible workspace has the makings of becoming a long-term trend in this segment of the office space market. When you dig, you see there is far more driving the move to a flexible workspace by corporations than to a cheap office space. Why Flexible Workspace is Tailor Made for Satellite and Branch Offices To move employees from corporate headquarters to a satellite or branch office requires a lot of time and energy from managers and support workers to procure, furnish, decorate, and outfit an office space with […]

Shared Office Space Toronto

By |2021-04-05T19:23:17-04:00October 15th, 2018|Coworking Office Space, Shared Office Space|

Shared office space in Toronto can come in several forms with a variety of payment terms, overhead and types of office space being shared. The list includes: Coworking office space Traditional office space where 2 or more businesses share the office expense Semi-private Office in a Business Centre where 2 businesses share an office Team office space is a larger office shared by several employees of a single business Flexible workspaces The Pros and Cons of Coworking Shared office Space Coworking office space is like a business centre that charges a monthly membership fee rather than a monthly rental fee. More networking opportunities are perceived to be one of the advantage, however, at telsec we have seen that there is also a sense of community and collaboration in our business centre. The biggest advantage that coworking provides is in the low costs and use of shared business equipment and support […]

How & Why Big Business Will Drive Coworking Office Space Growth

By |2021-04-05T18:47:41-04:00August 30th, 2018|Coworking Office Space, Office Space, Shared Office Space|

  Coworking & Flexible Workspace: Will It Be the Death of Traditional Offices? Since coworking and flexible workspace became a trend a few years ago, office space design has been the subject of much speculation and discussion. Business sites like Inc., Entrepreneur, Harvard Business Review and Forbes have featured numerous articles about the latest and greatest coworking/flexible office space designs, and of course, we at Telsec Business Centres have discussed alternative office space options for several years now, as providing office space in its many variations is both our specialty and service. Here we continue the conversation about coworking and flexible workspace from the perspective that not only does it make good business sense for entrepreneurs, startups and SME businesses, but it also represents a cost-effective solution for corporations and larger businesses. In fact, corporate and larger businesses will be the driving force behind the growth of coworking/flexible workspace, as […]

Alternative Office Space: A Better Way to Conduct Your Business

By |2021-04-05T18:47:41-04:00July 29th, 2018|Coworking Office Space, Shared Office Space|

  Why Home Offices Should Move to an Alternative Office Space It’s true: working from the comfort of your home may be an idyllic scenario for those who are self-employed, or for online entrepreneurs running a small business with only a handful of remote employees. Depending on where you live, a home office can also spare you the time, expense and hassle of a commute. However, it’s also true that working from home has its drawbacks — and many more than you might expect, if not already experienced. Here, we explore why you should move your office from your home to an alternative office space, such as a shared, traditional (private or semi-private), or coworking space — or at the very least, consider renting a virtual office. De-Romanticizing the Home Office: A Reality Check When discussing their decision to move their business from a home office to a private or […]

Changing Needs of Coworking Space in 2018

By |2021-04-05T18:47:42-04:00June 27th, 2018|Coworking Office Space, Shared Office Space|

Coworking space has evolved to mean much more than simply shared office space. While coworking office space is an accessible and affordable alternative to renting a traditional commercial office space, lower operational cost is no longer its strongest selling point. As noted in our previous article about the changing needs of coworking space in 2017, small business owners and entrepreneurs are now seeking a sense of community with other like-minded professionals. So what makes for a sense of “community”? For some small business owners, it may mean an environment that fosters professional networking, or alleviates the isolation of an individual or home office. For others, it may mean working alongside those sharing an industry or vocation, such as tech development or remote freelancing. For still others, it may mean a sense of exclusivity, such as coworking spaces that are solely dedicated to women. Regardless of what it may mean to […]

Flexible Workspace: What is it and Who Benefits?

By |2021-04-05T19:09:27-04:00March 21st, 2018|Coworking Office Space, Shared Office Space|

I recently read an interesting Flexible Workspace Study about how flex space is perceived by end users; individuals responsible for procuring office space for their companies; coworking and serviced office providers and landlords. The survey was not huge as the study describes its composition as being “The survey was sent to over 500 people across the industry.”. However, combined with my experiences here at Telsec Business Centres for going on 4 years and as an end user I’d agree with much of what the study shows as the benefits of the workplace environment for workers and organizations. What is Flexible Workspace or Flex Space? Flexible workspace: the term the industry uses to refer to any type of space outside of the conventional lease market. Identifying the different types of respondents included excellent definitions for coworking; serviced offices; hybrid office providers which are office space providers with a mix of coworking and serviced office space and flexible workspace which includes all […]

Team space: The flexible hours office-space solution

By |2021-06-29T09:18:50-04:00May 25th, 2017|Office Space, Shared Office Space|

The office space buzz these days is for entrepreneurs and small business owners to look at coworking. But this is not the best solution for companies with more than 5 or 10 employees. The solution for some small businesses is to create their own private coworking office – called team space or open-office environments. This concept is not unique to small businesses. Even large companies like Google, Microsoft and Yahoo have embraced the concept of open-office team spaces. Business owners and senior managers want to feel connected to their companies’ day-to-day operations – and they find open layouts and team space helpful to that end. It doesn’t hurt that open layouts also maximize square footage efficiency. But the criticisms of open-concept team space claim a lack of efficiency when it comes to workforce performance. They also claim that research suggests employees simply can’t concentrate in these “collaborative” atmospheres. But when […]

Changing needs of coworking space in 2017

By |2021-06-29T09:20:41-04:00May 23rd, 2017|Coworking Office Space, Office Space, Shared Office Space|

Do you know coworking? Coworking as you may know it is changing. The fact is, it might have already changed! The reason is that more an more people are looking at shared office space as an alternative to other commercial office options. This means that coworking spaces are getting bigger with more people using them. The other reason that coworking is growing is that more small business owners are seeing the cost savings of shared office space. They are seeing the benefits of the community involvement opportunities that come with the entire concept of coworking. The concept of coworking is entering a highly competitive phase, as more and more new spaces are opening up. But the fact that shared office space is being offered at lower rates than other office options is no longer enough to lure the smart small business owner. It is the sense of being part of […]

Adjusting to a business centre from a home office

By |2021-06-29T09:43:09-04:00May 9th, 2017|Boardrooms & Meeting Rooms, Coworking Office Space, Growth & Innovation, Shared Office Space|

That time has come that your business has outgrown your home office and you need real office space (even if it is shared or only part-time) that has a professional business address. Your best choice is a downtown office business centre that has several options. When we talk about office space options at a business centre, three primary ones come to mind: Private offices, semi-private offices and shared office space/coworking offices. For the purposes of this article, we will be talking about adjusting to shared office space/coworking offices – since that will probably be your best option when you first move out of your home office. Shared office space is also your best option in terms of flexibility regarding when you can utilize the space. Why? You pay only a small monthly fee for unlimited access during regular business hours. With coworking, you become a member and choose from various […]

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