How Does Shared Office Space Work?

Professionals relaxing in the communal area at Myo's Liverpool Street offices.

According to a recent study, 37 per cent of businesses are exploring shared office spaces, with 7 per cent having already made the move to more flexible working spaces. Since the pandemic, more businesses are opting for hybrid working models and no longer require or want a traditional office. This has led to an increase in businesses and professionals using shared working spaces.

But, what are shared office spaces and how do they work exactly?

We’ll take you through the key things you need to know about shared office spaces, including the benefits, below. 

What are shared office spaces?

Argued to be the future of working, a shared office space gives businesses and individuals the opportunity to rent a space within a building managed by a third party, and share the facilities and services with others. 

The building will likely offer a combination of coworking spaces and private offices, as well as meeting rooms and event spaces that can be booked at a discounted rate. 

Shared office spaces can work well for self-employed professionals and freelancers to small and medium-sized businesses, although larger-scale businesses are now starting to take advantage of the flexibility a shared office space can offer. 

An open-plan office layout at Myo's New Street Square offices.

How do shared office spaces work?

The main thing to note about shared office spaces is that customers will have shared access to the facilities of the building. This includes WiFi, kitchens, printing or scanning services, and concierge services, among many other benefits. 

Co-working spaces are usually open plan so it’s likely you will be sharing tables and plug sockets with other professionals. This can work well for those who like to work in collaborative and creative environments. However, for businesses that prefer privacy and their own space, private serviced offices like those at Myo are available. 

Offices like Myo’s are flexible, fully-serviced, private, and can be customised to suit a business’s needs — this includes everything from your choice of furniture to your preferred layout.

What are the benefits of using a shared office space?

As a general rule, you can expect the benefits of using a shared office space to include:

  • Professional amenities
  • High-speed WiFi
  • Bookable meeting rooms/event spaces
  • Opportunities to network with other professionals
  • Short-term leases
Professionals working in a shared office at one of Myo's locations.

At Myo, we offer some further benefits to the businesses we work with too. As well as your own private, customisable space and the benefits listed above, we have the following within all of our locations:

  • Concierge services 
  • Complimentary refreshments including tea and coffee 
  • A programme of events and classes, ranging from yoga classes to inclusive initiatives, such as Pride and Black History Month
  • Cycle storage
  • Showers and complimentary towel service
  • 24/7 access and security

Ready to try a shared office space?

At Myo, we pride ourselves on providing workspaces that promote health and well-being, sustainability, and creativity. If you’re ready to make the move to a shared office space, get in touch with our friendly team to discuss your requirements and book a tour, or, alternatively, download a brochure

Don’t forget to stay up-to-date with the latest news and developments by visiting our blog

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