Millennials and Shared Office Space
One of the biggest drivers of shared office space is the emergence of millennials in the professional world. They’re becoming entrepreneurs, building and joining startups, and are starting to shape the trends of how and where we work.
According to Forbes Magazine these are some of the reasons millennials are flocking to shared office spaces -
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1. Lower costs.
Shared office spaces are almost always cheaper than their full-office counterparts. Buying a large office could set you back tremendously, and leasing a space will cost at least several thousand dollars a month (especially in an urban center). With membership fees potentially under $100 a month, shared spaces have a major advantage.
2. Fewer responsibilities.
Millennial entrepreneurs who partake in shared space also have fewer responsibilities to worry about. Things like cleaning and maintenance are taken care of by the building’s owners. This is one reason why millennials tend to prefer renting over owning; most of the annoying tasks and responsibilities are already accounted for.
3. Networking opportunities.
In a shared office space, there are usually dozens of other people—if not hundreds—occupying the same location as you, and those demographics will likely change every month. It’s a perfect place to meet new people in the professional world, which is advantageous to the social millennial who wants to expand their professional network.
4. Smaller commitments.
Millennials also like the idea that they don’t have to commit. Leases tend to cover periods of several years, and owning a building is an investment that can (or should) last for a decade or longer. Shared office space, on the other hand, can be reduced to a monthly, daily, or hourly If your needs change often, this is a must.
5. Resistance to traditional offices.
Finally, remember that millennials are resisting the urge to comply with traditional office structures (for better or worse). They’re breaking down corporate hierarchies, dismantling 9 to 5 mentalities, and even redefining social norms in business interactions. Shared offices offer more opportunities for individual expression, and offer a counterpoint to traditional office culture. To put it simply, they’re new and they’re hip.
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StartFragmentBrownstone Office Park located in Mandeville, LA is leading the way on the North Shore. Brownstone currently offers professional executive office suites and will soon be offering a beautiful and modern shared office space facility. Call 985-327-1162 today to get more information on this exciting new development.EndFragment