Renting private office space in a convenient location offers discretion, confidentiality, a serene environment to focus and a high-end brand image that projects the right image to clients. But with employees and CEOs conveniently working from home, are there any real advantages of private office space?
What Is a Private Office?
A private office is “an office space that is lockable and located within a shared office facility, but is exclusively rented to an individual entity.” Compared to coworking spaces, private offices provide greater control over space and typically come with a host of services to accommodate business needs. Essentially, they supply all the amenities that come with leasing traditional corporate space but on a rent-as-you-go basis.
Private Offices in The Coworking Space — Is It Convenient?
Coworking spaces are projected to have a yearly growth rate of 21.3% worldwide. While they offer numerous benefits for freelancers, startups, and entrepreneurs, there are companies that perform better in private offices. Just because you’re part of a larger co-working space doesn’t mean you’re sharing desk space with other companies in a communal area. Private offices in a coworking space are incredibly convenient because they come with the benefits of coworking amenities but independence to conduct work in private.
Benefits of a Private Office
Less overhead costs, minimal distractions, and a prestigious workspace. There are loads of advantages to having private office space, whether you’ve just launched a business, are looking to relocate from home, or want to scale. Renting a private office space is like plug-and-play — there’s virtually no effort needed to set up a physical space, and admin is minimal.
The most apparent advantage of a private office is privacy. If your business deals with sensitive data, non-disclosure agreements, or anything that’s confidential, a private office guarantees discretion to conduct business without any eavesdroppers.
With a private office, you have increased control over the layout and decor. Unlike a coworking space, you don’t have to worry about constantly moving from one desk to another. Private offices are uniquely suited to businesses that require a degree of permanence to store paperwork, for example, and desire a degree of personalization.
3. Healthy Atmosphere
The pandemic has forced companies to reconsider health and safety policies regarding ventilation, and social distancing to prevent illness. A dedicated private office circumnavigates the health risks of working in a coworking space when it comes to exposure to germs and viruses.
A private office comes with a level of prestige that’s a cut above co-working spaces. For certain professions, this promotes client confidence and boosts staff morale. Research indicates an inspiring office space can increase productivity by up to 20%.
There’s no doubt that some companies necessitate a private office, meaning they wouldn’t be able to successfully conduct work in a co-working environment. If you’re looking for a private office in River North, Chicago, contact us today to learn more about our small and large offices.
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