The cost of coworking space is often perceived as being an expensive investment to make. But in reality, this couldn’t be farther from the truth.
In fact, in Tucson, investing in flexible office space could actually save you a ton of money, whether you’re a solo pro, a small business, or an established organization.
Here’s why.
6 Reasons Why the Cost of Coworking is Less Than Traditional Office Space
1. Rent is a Massive Business Expense
Let’s start out by agreeing on the fact that, for many businesses, rent is probably the biggest operating expenses they’ll carry, next to staffing costs.
Even a small business can expect to pay several hundred up to several thousand dollars every month in rent.
2. Traditional Rent in Tucson Isn’t Cheap
In Tucson’s downtown core, the average cost per square foot is $17.07, but this can go up significantly higher.
In fact, an office in a Class-A office building in Catalina Foothills will cost you a minimum of $21.50 per square foot, according to Daniel Wesson, CEO of the Post and commercial real estate broker in Tucson for over 30 years.
According to our team’s research, you’re probably going to be paying at least $1,000 per month for a one or two-person office in Tucson–and that’s not even in the downtown area.
3. Cheap Traditional Office Space Feels… Well, Cheap
Don’t get us wrong. You can find inexpensive traditional office space somewhere. But the reality is that it may not be the best space or the best location.
At the end of the day, you get what you pay for with traditional office space. You might get a space, but it’s unlikely you’ll get a full suite of amenities in a desirable location.
4. Long Leases and Large Square Footage
With traditional office spaces, you’ll most likely find yourself getting roped into a longer-term lease. And you’re also probably looking at larger square footage, meaning you might find yourself having to pay for more space than you need, or cramming yourself or your team into a space that’s too small.
This is fine if you’re confident your needs won’t change within, say, a five-year period. But business isn’t always predictable, and you shouldn’t get stuck in a situation that doesn’t work for you anymore.
5. Traditional Office Space Makes You Pay for Things You Don’t Need
It’s not just the large spaces and long leases that may be problematic for you. Working in a traditional office space often means having to pay for things you don’t need.
For instance, you may work in a field where you spend 75% of your time on the road and you only need an office 25% of the time.
With traditional office space, your options are essentially to either pay for the full space, 24 hours per day, seven days per week, or to work from home or a coffee shop.
6. Coworking Spaces are the Evolution of Traditional Office Space
So, you’re probably wondering why the cost of coworking space is so much lower than that of traditional office space.
And the answer is simple: coworking spaces have looked at all the challenges that professionals and businesses experience with traditional office space and found a way to counteract them.
Namely:
- Coworking spaces offer businesses a professional workspace without the exorbitant price tag of traditional office space. For instance, at The Post, we offer workspace for a significantly lower cost than the average traditional office cost in our area.
- Coworking spaces can put you in a Class A building for the same price you’d pay to work out of a low-tier traditional office.
- Coworking spaces offer high-quality building infrastructure, desirable locations, secured digital access, a personal concierge to greet you and your guests as well as host meetings and events, key business tools and amenities, a professional community, learning and networking opportunities, and a professional management team for a lower cost than a traditional office space which offers none of these things.
- Coworking spaces understand that business isn’t a straight line. So, they don’t tether you to long-term contracts. And they offer the flexibility to scale up or scale down as your business grows or contracts. From Private Offices to Proworking–and even Virtual Office Services like phone and mail management– you can get as much or as little space as you need.
- Coworking spaces offer you fully-appointed meeting and event spaces that you can use when you need to host team meetings or welcome clients.
- Coworking spaces won’t make you pay for things you don’t need. For example, at The Post, we offer Part-Time Private Office memberships for the professionals who need a dedicated private workspace a few days a week but don’t want to pay for the office time they’re not using.
Ultimately, the cost of coworking space is undeniably lower than traditional office space because they operate with an innovative business model that can offer high-quality space, top-tier amenities and hospitality-like business services, convenient locations, unparalleled flexibility, and access to a close-knit professional community at a price point that traditional offices simply never could.
You can get everything you need and nothing you don’t at a fraction of the cost of a traditional office space.
So, what are you waiting for?
If you want to learn more about the real cost of coworking space and how The Post can offer you an inspiring professional workspace that doesn’t break your bank, we’re here to help.
The Post offers incredible workspaces for a fraction of the cost of traditional office space.
Get in touch with us to learn more or to book a tour of The Post today!