The shared office space in Malaysia has an enormous growth opportunity and so much potential to excel. More and more Malaysians are demanding a flexible working culture amid their hectic lifestyle.
There are also many co-working space providers looking to offer office space for rent KL with more competitors coming into the market. Shared office spaces have become more prevalent as it has become much more expensive to maintain a traditional office.
Changing Business Nature
The nature of business is changing with over two-thirds of global corporate planning to increase their use of flexible co-working and collaborative working space soon. The advancement of technology also allows for greater flexibility in terms of location, communication, and capability with the demand for virtual office Malaysia increasing.
There are many advantages and disadvantages of working in a shared office that working individuals should consider when considering work at a shared office space in Malaysia.
Pros of Shared Office Space
Co-working space is usually located in prime locations which are mostly near the public transportation system. For example, there are many serviced office for rent in KL Sentral all over Kuala Lumpur that are located strategically for the convenience of working individuals. KL Sentral is the central railway station of KL offering easy access to various places in the city.
Flexible Routines and Schedules
With the availability of virtual office KL, working individuals are no longer tied to a basic routine of an 8 am to 5 pm working job. Working individuals can enjoy so much flexibility in terms of setting their schedules, and they can enjoy their very own unique routine that they prefer.
The flexibility provided by the co-working space can also help working individuals to achieve greater productivity when doing their works.
Access to various amenities and services
The co-working space is also usually a fully serviced office that offers working individuals and even businesses the necessities that are needed. This includes high-speed WiFi, free printing and scanning, mail distribution, and even meeting rooms.
It is also less costly for small firms to rent a co-working space compared to maintaining their own traditional office.
Networking and Business Opportunities
This may be the most significant benefit of the shared office space, which is a community-based place. The professional community encourages social interaction where working individuals get to develop and increase their networking.
There may even be educational opportunities where working individuals will be able to learn from various other professionals, workshops, and even panel discussions. All of these will be beneficial for their career growth.
Cons Shared Office Space
Every company has its own culture, there are even different cultures in co-working spaces. Sometimes, working individuals may face difficulty coping with other people. There are also different values and beliefs that the working area follows or adheres, and it may be contradicting thus leading to misunderstanding. It is too hard for a business to align its culture with the functional space’s culture.
Lack of Control or Customisation
Working individuals or even businesses may face the disadvantages of having minimal control or the inability to customise their working place. Companies with traditional offices can usually customise their office to represent their unique preference.
However, in a co-working space, you are quietly reminded that the place is not yours, and you may not have full control of what is going on.
Ultimately, shared office business allows working individuals or companies to entirely focus on their tasks and business instead of worrying about maintaining an old and cramped office. Shared office breed activity-based working and can be a solution to many start-up companies and working individuals amid this global pandemic.