The age old question of where to house a business is something that keeps many entrepreneurs and startup owners up late at night. Every option and location has its own price point, advantages, and disadvantages. There are so many different places and office types to choose from, it can get overwhelming quickly. However, one type of workspace has been steadily increasing in popularity over the years. Let’s take a look at 4 reasons why you should seriously consider going with a coworking space for your office needs.

1. It’s Cost-Effective

Every business, no matter how big or small, is looking to keep their overhead low. With a coworking space in NY, you can save big on office overhead costs. Long leases and expensive agreements can put unneeded stress on business owners during their growth stages. A coworking space provides flexibility and affordability. Either go with one single desk or as many as you need depending on your business needs. Shared office space in NY is definitely going to save you money in the long run.

2. Decreased Stress

A great benefit of coworking space in NY is that working there can actually help to reduce stress. The environment of many coworking spaces is a positive one where business owners gather together to make the most of each day. You can talk to fellow entrepreneurs and startup owners to work through problems and simply have a progressive conversation. Traditional office spaces can keep you isolated and also add more stress due to their costs.

3. Networking Opportunities Galore

Coworking spaces offer plenty of opportunities to network and meet like-minded business owners and entrepreneurs. You might meet a great contact in a shared office in NY that helps to take your business to an entirely new level. Coworking spaces attract all different types of businesses, which means many opportunities to meet new people that can provide valuable insight and additional opportunities.

4. Flexibility

A big plus for a coworking space in NY is that it offers a lot of flexibility. It’s easy to scale your business based on your needs without an expensive long-term lease. Many of these types of spaces offer a virtual office in NY as well to connect with clients across the world. You can sign a contract based on your needs at the time and go from there. Don’t feel like you have to sign a lease for a big office space when all you need is a shared office in NY.