By Bond Collective Staff
Every day, increasingly more freelancers, entrepreneurs, startups, digital nomads, and businesses large and small (even enterprises) are discovering the myriad benefits of temporary office space.
And these workspaces are a far cry from an empty back room in a corner of a rundown building. The best temporary office spaces (like those at Bond Collective) are turnkey solutions to all your office needs.
In this article, we’ll dive deep into the world of temporary office space in order to help you decide if it’s right for your team and your business.
What Is Temporary Office Space?
At its most basic, temporary office space is a rental for any period shorter than a standard office lease (i.e., one year).
With some temporary office space, you can even rent desks or rooms by the hour or the day. While those are useful options for teams needing access to workspace on a moment’s notice, most temporary office space is rented on a month-to-month basis.
There are many benefits to using temporary office space even if you already have your own permanent workplace.
Is Temporary Office Space Right For Your Business?
At first glance, temporary office space may seem like something you’ll never need. You’ve got your office all set up, and work is moving along nicely. But this concept is so much more than just the sum of those three little words. It’s the solution to your workspace problems (whatever they may be).
How can temporary office space be all that? Below are several examples.
Your business is in-between leases and has nowhere to work.
Your business has outgrown its office and needs overflow space.
You need to hire seasonal or project-based staff and have nowhere for them to work.
Your permanent space is under construction or being repaired.
You’re a lone-wolf entrepreneur just getting started.
You’re a digital nomad who needs to maintain a virtual office while you’re away.
You run a startup and your team won’t fit around your dining room table anymore.
You’ve traveled from another state or another country and you need a place to get your business started.
You need a conference room for a meeting with important clients or investors.
The list literally goes on and on. So is temporary office space right for your business? The unequivocal answer is, “Yes.”
What Are The Benefits Of Temporary Office Space?
1) Low Overhead
The best temporary office spaces, like those at Bond Collective, provide everything your team needs to tackle even the largest, most complex projects. From comfortable furniture to lightning-fast Wi-Fi to daily cleaning and maintenance — everything is taken care of.
All that for less than you would pay if you maintained your own office.
2) Infrastructure
Infrastructure is crucial for the success of your business. Yes, technology plays a big part, but other factors — such as storage, supplies, repairs, and heating and cooling — contribute significantly to how well your team works.
Some temporary office spaces will just rent you a room. But at Bond Collective, we include all the infrastructure you need so you can focus less on your team’s workspace and more on the quality of their work.
3) Professional Image
Working in a poorly lit, windowless room with found furniture and shelves made out of wooden planks and cinder blocks may be great for your bottom line, but it’s detrimental to your image.
Temporary office space at Bond Collective provides a professional image right from the start. You don’t have to spend your valuable time and money decorating your workspace. Beautiful decor and luxurious furniture are available 24/7, so you won’t be nervous about entertaining that big client or angel investor.
4) Flexibility
Flexibility is essential for growing and maintaining a successful business these days. Temporary office space provides that flexibility. You can expand and contract the amount of space you use on almost a moment’s notice. The monthly membership options at Bond Collective make upsizing and downsizing easier than ever.
You can start with space for five in January, expand to space for 10 in February, and then contract to space for seven in March. All without having to deal with furniture issues, decorating, or a negative impact on productivity.
5) Comfort
The comfort of your office space may not seem like a crucial factor, but it’s essential for helping your team stay focused, engaged, and productive while they work. In fact, that same comfort goes a long way toward impressing your customers or clients who might visit during work hours.
At Bond Collective, comfort is built into all of our temporary office spaces. We decorate and appoint our spaces with the finest that luxury has to offer. That way, you and your team will be comfortable, happy, and productive all day long.
6) Networking
Networking is essential regardless of the size of your business. You need to foster and grow your professional connections to help your business prosper.
Running your business, a team, or even just yourself from a temporary office space in a coworking environment makes it possible to network with other professionals while you work. That can have a significant impact on the improvement, evolution, and refinement of your product or service.
7) Exposure To New Ideas
Exposure to new ideas is one of the biggest benefits of temporary office space, but it is also one of the most overlooked. When your team works alongside people from other backgrounds and businesses, they’ll have access to new sources of knowledge and creativity.
That knowledge and creativity make it easier for your team to absorb inspiration and new ideas from those around them and to adapt those ideas to your particular business.
You won’t get that by relying on your industry-specific network or isolating your team in a closed office space.
8) Socialization
Whether you’re a team of one or 100, working at home or in your own dedicated office can quickly become lonely and uninspiring.
When loneliness is high and inspiration is low, productivity decreases dramatically. The simplest solution to this dilemma is to base your team in a temporary office space where coworking is a priority.
If you’re worried about keeping the socialization under control, consider partnering with an office-space provider like Bond Collective to have the best of both worlds.
You and your team can occupy private offices in a larger space while having the coworking environment — and the benefits of socialization — just a few steps away
9) Motivation
You know your team needs motivation. And you know you need to work to keep their motivation levels high. But you might not have any idea how to do that.
To add to the difficulty, motivation can change for better or worse from day to day, and even hour to hour.
A temporary office space provides a positive atmosphere that you can’t always get from a traditional, dedicated work environment.
This positive atmosphere — in combination with the socialization and exposure to new ideas we mentioned above — can energize your team, motivate them to success, and inject new life into the way they work.
10) Inspiring Design
You may not think of design as a crucial factor in the day-to-day activities of your team, but it can actually help your team stay productive while they work.
When they’re not thinking about how much they hate the distracting colors on the wall or how they’d prefer an adjustable-height desk, your team can dedicate more energy and focus to completing tasks quickly with as much creativity and inspiration as possible.
At Bond Collective, we design all of our temporary office spaces with maximum appeal in mind.
We also incorporate other design elements — such as a variety of seat and desk options, natural light, plants, vivid colors, and much more — in order to ensure that your team has the inspiration they need to get the job done right the first time through.
11) Easier Hiring
Finding the right hire can be a difficult and time-consuming job. The temporary office space within a coworking environment, though, is an easily accessible talent pool that can cut the difficulty and time in half.
Through the networking and socialization mentioned earlier in this article, you can get a feel for an individual’s skills and gain insight into how and where they might fit into your team.
Think of it as an extended interview without the formality and time away from work — you converse during downtime and often in a more relaxed atmosphere.
That’s a good recipe for really getting to know a potential hire and how they can benefit your business.
12) Work Opportunities
The same benefit that is true for hiring is also true for getting hired.
Temporary office space within a coworking environment provides plenty of opportunities for you to “advertise” your business and show how it can benefit the businesses around it.
Think of the networking and socializing you and your team do in the kitchen and other common areas as a way to make your business more attractive to others. Exposure like that leads to more work and more opportunities for your company.
You can’t get that kind of exposure without the benefits of a coworking environment, and you certainly can’t get that exposure if your team is isolated in a dedicated workspace every day.
13) Fast And Easy Setup
There are few things more stressful than moving from one office to another. One of the biggest drawbacks of changing offices is the amount of time it takes for your team settle in and work back up to full productivity.
But when you transition your business from its old location to a temporary office space like Bond Collective, the move is easier than ever because you don’t have to worry about the overwhelming details — we’ve done it all for you.
At Bond Collective, we handle the hard work of setting up furniture, installing technology, decorating the space, and making sure the utilities are working.
All you and your team have to do is report for work in the morning and get right down to business.
In addition, we pull from our extensive knowledge of office and interior design to create a working environment that will benefit your business.
Don’t let an office move put your team under pressure. Switch to a temporary office space and keep your workflow at 100%.
14) Community
There are few things as beneficial as working alongside a community of like-minded individuals to invigorate your team. That’s exactly what you get when you work in a temporary office space like Bond Collective.
The coworking environment fosters a very real sense of community — a feeling that you’re all in this together — that can have a profound influence on the way you and your team operate.
15) Amenities
Temporary office spaces are more than just places to work. They also provide amenities that make it easier to keep your team going strong throughout the day.
Services such as streamlined billing and booking online (a Bond Collective exclusive), access to multiple locations, unlimited black-and-white printing, and other industry-leading perks give you and your team the freedom to work whenever and however you deem necessary.
Can Temporary Office Space Become Long-Term Office Space?
Temporary office space can, indeed, become long-term office space. In fact, many businesses are finding that temporary office space isn’t just a short-term, stop-gap solution to an unexpected workspace need.
Many companies large and small are opting to occupy their temporary office space for the long-term rather than locking themselves into an expensive lease that may not suit their needs in a few weeks or months.
They’re doing this because of the low overhead, professional design, built-in infrastructure, and myriad other benefits that temporary office space has to offer.
Consider this comparison between a traditional office lease (for a startup or an existing business, the costs are the same) and temporary office space at Bond Collective. The rent may be the same, but notice the other expenses, such as deposit, security, wiring, construction, and furniture.
With a temporary office space, you save $265K or more right off the top. And you’ll never have to deal with those issues because they’re included with your temporary office space. That’s a significant savings that you can channel into growing your business.
It’s no wonder, then, that companies of all sorts are occupying temporary office space for 12, 24, or 36 months (or more) instead of signing an expensive (and restrictive) traditional lease.
The Best Temporary Office Space Is At Bond Collective
Where you work has a profound impact on you, your team, and the success of your business. If your current office space is less than ideal, your focus, creativity, and morale will take a hit.
That’s why it’s vital to choose a temporary office space where you can take advantage of a professionally designed and maintained environment. Bond Collective does all that and much more.
At Bond Collective, you can choose from a variety of temporary office space options, such as:
Open-plan coworking spaces
Conference rooms for 5-20+ guests
And when you partner with Bond Collective, you don’t just get a beautiful space that fits all your needs. Each and every temporary office space option comes with exclusive amenities you can’t find anywhere else.
Whether you rent by the hour, the month, or the year, you’ll get:
24-hour access
Custom build-outs
Comfortable furnishings
Access to small and large conference rooms
Networking events
Mail service
Daily on-site cleaning
Bike storage
Rooftop lounge area
Photo & studio (at Gowanus location)
Complimentary fresh fruit
Complimentary beer, coffee, and tea
Private meeting & phone booths
Office showers
Bike storage
Private meeting & phone booths
Office showers
Guest reception and greeting
If you’re looking for spacious, well-appointed temporary office space that gives you the professional look you need, take advantage of any one of our many Bond Collective locations in the United States, including New York, Pennsylvania, Washington D.C., Illinois, Tennessee, and Texas.
To get started or to learn more about the advantages of coworking spaces for digital nomads, remote workers, and businesses of all kinds, visit BondCollective.com today or call to find out more about everything we have to offer.