When is it Time to Move from Coworking?

March 12, 2024

When is it Time to Move from Coworking? - Summit Properties.

Coworking offers many benefits to new businesses just starting out. It provides an affordable workspace with other business owners and is ideal for networking and building community. As your business grows, however, coworking situations often become untenable, with distractions galore, no privacy, and small inconveniences that eventually outweigh the benefits. We’re reviewing the most common signs that your business has outgrown your coworking space, and that it’s time to upgrade to your own office.

Signs That You Need an Office

Distracting Noises

Given that any number of businesses work out of a coworking space, all focusing on their own projects, coworking spaces are often noisy. They’re a great place to chat with fellow business owners and network, but they aren’t always the best environment when you want to buckle down and scratch things off your to-do list.

If you find yourself or your team are distracted by the noise and activity during the day, it’s probably time to consider leasing a space to call your own, where you can easily manage your environment to be as distraction-free as possible.

No Privacy

A worker surrounded by other people in a coworking space.

Some details of your business need to remain confidential, including client information. Sometimes you also need to field calls of a sensitive nature, or interview new candidates, and your coworking space is simply not offering you the privacy you need to conduct your daily tasks. Coworking spaces often have limited private spaces, which may not be available when you need them.

Leasing your own office allows you to keep sensitive information private, and to have conversations without everyone overhearing your calls.

You Want a Convenient Location

When selecting an office space to lease, you have the freedom to choose exactly where you’d like your business to be located. You can choose a location that’s convenient for you, whether that’s because it’s close to home, close to important clients, or even because it has free parking for you and your employees. With coworking spaces, you don’t get to choose where you work, and that limits your ability to customize your workplace to your needs.

You Plan to Expand

A cramped coworking environment.

As your company grows, your old coworking space begins to feel increasingly cramped. As space becomes an issue, it’s time to start looking for your own workspace where you can expand freely, hire new workers, and nurture your flourishing brand. Leasing an office that has more room than you need right now allows you to grow into the space.

You Want to Define Your Company Culture

A coworking space is an eclectic blend of company cultures. As your business grows, you’ll want to define your own company culture as part of your brand. Having your own space is the first step towards nurturing your own unique culture.

You Want to Foster Professionalism in the Workplace

While you can certainly run a successful business entirely online these days, having a dedicated office gives your business undeniable credibility. Having a high-profile office space enhances your legitimacy and professionalism, establishing you as a key player in your market, and boosts your visibility to potential clients.

Is Co-Leasing Right for You?

A co-leased office space.

If you feel that you’ve outgrown coworking, but you aren’t ready to commit to a dedicated office space just for your business, co-leasing is a great middle-of-the-road option that offers some of the benefits of both. When co-leasing, you’ll share your office space with just one other company instead of many, giving yourself the privacy and convenience you need, while still offering opportunities to network and build relationships with another business. We’re happy to help facilitate co-leasing arrangements to ensure that you get the space you need!

Discover Your Ideal Office Space with Summit Properties

Summit Properties can help you create the perfect office to meet your unique needs. Finding the right office for your business is as easy as contacting one of our experienced commercial leasing agents! Contact us today to book a viewing of your next office space.