The last few years has given rise to the shift in work culture and workspaces. Focusing on collaboration and freeform thought resulted in the popularity of the flexible office format. Open and private offices have replaced the traditional office and became the trending office workspace solutions.
The coworking boom resulted in a drastic shift toward open office spaces in a variety of industries. Cubicle barriers disintegrated, allowing collaborative workspaces to emerge. But for those who are missing the traditional office setup, a private office space is a great option.
What Is a Private Office Space?
A private office space is a lockable space within a shared office facility that is rented out exclusively to a single company. Private offices offer a quiet and safe environment in which to work and store your possessions, while also allowing you to interact with the larger professional community when you want to.
A private office space is a cost-effective workspace solution because you simply pay for every square foot that you need while having access to shared conference rooms, internet access, and other common areas.
Private offices are available in a variety of sizes, ranging from one to 100 people, and most are furnished, internet-ready, and ready to use. Private offices are the most in-demand type of flexible workspace because they combine the cost-cutting benefits of coworking with the ability to lock yourself in your own private space when you need to focus.
Advantages of a Private Office Space
Although working from home offers greater flexibility and freedom, nothing beats the productivity, focus, and all the advantages of working in a private office space. Here are the other advantages of renting a private office space.
1. Save on Overhead Cost
Expenses for printers, projectors, fax machines, boardrooms, televisions, and the water cooler can add up quickly. Aside from the purchase price, you must also budget for the maintenance of office equipment and repairs.
With a private office space for rent, you’ll have access to not only standard office equipment, but also cutting-edge technology that will help your company stand out. You will not be required to pay for office computers or hire IT personnel. With free equipment, you have greater room to expand your business or offer additional staff advantages that reduce turnover.
2. Rent-as-you-go
A traditional office lease can cost you tens of thousands of dollars every month. Is it really worth it? When you have a private office, you can rent out different spaces as needed. Why sign a lease if you just need it for an hour or once a month?
Best of all, if you want to expand or relocate, you don’t have to break a lease or waste money on a place that will sit idle.
3. Foster Teamwork
Nothing can completely replace interpersonal communication, and certain team members may find it difficult to become interested in your business when working remotely. With 6 to 8 people on the line, video chat can get difficult. Whether it’s for a brainstorming session or a company conference, collaboration via virtual communication can be challenging. In a genuine office atmosphere, team members can connect and get to know one another, improving their engagement in collaborative activities.
4. More Privacy
Privacy is one of the most obvious advantages of a private office space. Workers can take care of business or personal affairs in their own space. It also makes it easier to deal with delicate issues like legal, human resources, or finances without alerting or involving the entire team.
Salespeople who make a lot of calls will benefit greatly from a private office. The calls are less distracting to those around them, and they can have the privacy of a private conversation.
5. Less Interruptions
Another advantage of having a private office is that there are no interruptions. When you are in a private environment, people are less likely to disrupt or interrupt you. This allows you to concentrate on your own task and reduces distractions.
Aside from interruptions, the noise of an open office might be bothersome. A quieter workplace is preferred by 58% of high-performing employees. A private office allows for greater control over sound.
6. Work Flexibility
A private office space enables you to manage your staff remotely most of the time while getting them together for important activities. Employees place a higher importance on work and schedule flexibility than other employee perks. Work flexibility has been found to reduce the amount of vacation time employees take and improve employee turnover rates.
7. Boost Individual Productivity
Employees are more productive throughout the workday when there are fewer interruptions. They can complete their tasks more quickly and with higher quality. Employee interactions are more simplified allowing them to focus on their responsibilities.
8. Smart Office
From strong Wifi to conference rooms, you no longer have to make sure that your office is using the greatest productivity tools when you lease a private office space. Most private workspaces are fully digitized, utilizing the latest software and programs that maximize your team’s productivity.
Wrapping Up
A private office space, which is ideal for mid-sized and bigger teams, enables companies to reach people all over the world and bring remote employees together to increase overall team performance. The benefits outlined above shows why it is a better option for businesses and remote workers compared to traditional coworking spaces.
Enterprise software development experience. More recently in positions including CTO, Lead Developer and Head of Product in Australia. Deep expertise in property and legal technology in Australia with a specialty in lead generation and tech scalability across Asia-Pacific.