Shared Office Space Meaning

Introduced to Vietnam since 2006, “shared office” is still a “hot” keyword among young business people in Vietnam. So what is a share office? What benefits does this model bring to businesses? All problems and questions about Shared Office Space will be answered in the article below.

What is Shared Office Space?

Shared Office Space is a concept that allows units that own or manage offices with excess space or unused machinery and equipment to share with other companies and charge a service fee. Later, that model develop further and became known as Full-service Office, which is a perfect office system that provides businesses with an office area to rent with full amenities. such as: meeting room, reception hall, tea, professional reception or business location registration,…

The main benefit of office sharing is that it will provide a more dynamic environment for participating companies to more easily access new markets.

Read more: Office Rental Cost by Grade in HCMC

Renting Shared Office Space, what do businesses get?

Share offices are growing very strongly and bring many benefits to businesses, making them an optimal alternative to traditional offices. Specifically:

Flexible time

One of the plus points for this type of service is the flexible office rental time depending on the customer’s needs. Typically, share office lease contracts range from 6 months to 1 year with comfortable working space and flexible rental area.

Cost reduction

You will only pay for the exact area agree upon in the contract, but will be able to use all the utilities in the common space and available equipment. So when renting a share office, businesses will save a large amount of initial costs such as renting space, installing furniture, hiring personnel while still helping to increase the ability to connect and exchange business with one form. Professional, neat photos.

Prime location of Shared Office Space

Owning a Gold position in areas right in the city center is now easier than ever. Package offices are available in most districts in Ho Chi Minh City and Hanoi and are locate in class A and B buildings. This advantage helps businesses optimally find potential partners and be position highly in the eyes of customers. Furthermore, the ease of traveling and working in a luxurious environment also boosts employee morale.

Community Connection

Can you imagine what it would be like to have 10 directors sitting together in an office space? In the era of dominance of the sharing economy, this is no longer strange. You never know that the person sitting next to you tomorrow could be a new employee, your colleague, an inspiration, a strategic partner or a potential customer of your business. Take advantage of the opportunity as soon as possible.

Read more: Office Leasing Guide You Should Know

Full amenities

One of the advantages of Share Office office rental is that it provides full amenities like owning a high-end office, specifically:

• Own a business address & place nameplates on buildings in the central district of Hanoi;
• Professional business representative receptionist, proficient in foreign languages, ready to welcome partners;
• Luxurious and elegant living room and lobby create an unforgettable impression of the company;
• The meeting room is fully equip with modern and comfortable furniture with: Projector, writing board, conference call system, high-speed internet line,…
• Free electricity, water, high-speed internet costs;
• Use all modern office equipment: Fax machine, printer, photocopier, telephone,…;
• Owning internal phone lines and mail delivery;
• 24/7 security service and daily cleaning service;
• Office secretaries, technical staff, IT staff,… dedicate and quick support;
• Support business registration procedures, marketing, tax accounting,…

Who is Shared Office Space for?

What is a shared office? Who is it for? It can be said that share office rentals are usually for startups, small and medium-size companies. That is because:

• When newly establish, a business will encounter many financial difficulties. If you rent a regular office, the business will have to spend a large fee on renting space, setting up furniture, purchasing amenities, not to mention hiring security and receptionists. This is really a burden for business owners.
• After 5-7 years, startup companies will now be stronger, and the necessary requirement now is to find another suitable place to work.
• Therefore, moving from a small share office to a large office will no longer be a burden because you do not need to move or liquidate furniture or worry about repair and depreciation of assets.
• However, this model is not really suitable for large businesses, because:
• Current office rental services mostly only offer office sizes for 3-15 employees. So surely large enterprise personnel will feel uncomfortable sitting in a space like this.
• Large businesses need separate areas such as departments and director’s offices, so renting share offices cannot meet this.
  Sharing common utilities with other businesses is also inconvenient for large businesses.

Therefore, when your business has grown, investing in a separate traditional office is extremely necessary.

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Email: contact@lookoffice.vn

In conclusion, the above article provides the full answer to “What is Shared Office Space?” and add more interesting information about it. To choose to rent a share office, you need to determine the company’s scale needs and business development goals.