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Tips To Calculate The Rental Charge When You Use Shared Office Space

By Expert Author: Jerry Ahern

People who are new in the business should always look for a location from where they can carry out their business successfully. If you consider your own house as the space to open the office, it can be fruitful. However, this option will turn out to be beneficial if your house is located at the center of the city or easy it easily accessible via public transport. Otherwise, taking a space in a crowded will be an added advantage to make your business run successfully. Now, the next question that comes up is the expense. If you take a full office space area, obviously you would then be required to bear high expenses. On the other hand, if you don’t have sufficient employees to fill up the place, your total expense will go into waste. What to do then? Shared office space area is the best alternate option to rely on.

What will happen in a shared office space area?

In a shared office space area, the entire office space will be shared among different business entrepreneurs. Hence, the total rental charge will also get divided among the business owners. From a business point of view, you get to interact with business people belonging to different business fields. Such interaction will in turn help in exchange of ideas and also let you learn few new business techniques as well.

Apart from this factor, in a shared space area you don’t need to worry about your equipments like computers as the building’s management team provides security service to all their tenants for 24X7 hours. Along with this, other facilities like proper LAN or WiFi connection, telephones, chairs and tables, and sometimes even the conference room are also provided for the tenant’s convenience. If you have opted for a single office space area without sharing it with any other people, you would have to bear all these expenses. At the end, the budget set for maintenance of the office would have exceeded. Thus, office sharing is a better choice in this respect.

However, when you are sharing an office space with many other people, you should check the amount of rental charge you need to pay. For that, you need to carry out calculation as well.

How will you calculate your rental charge in a shared space area?

Being the business owner, you should always calculate the amount you need to pay so that the building owner doesn’t charge extra money from you. In order to do the calculation, following points will help you:-

• Visit the space with other business entrepreneurs and decide as to which portion you would choose to set up your business.

• Make sure you ask about each room as to which ones you are going to use independently and which one you need to share with others.

• Measure the carpet area of each room

• Now calculate the charge for the rooms you are going to use independently and for those you are going to share with others.

• Once the calculations are done, add the final results to get the actual amount

• You can even multiply the monthly charge of all the other business owners to get the approximate value of the space area.

In NY, shared office space areas are rented in this manner. Hence, making the calculation beforehand will help you to estimate the expense and be prepared for the payment.

Jerry Ahern is an expert on using office space management software for many organizations. He has written many blogs and articles on shared office space concept. In this article, he has spoken about the procedure to make the calculation when you take NY shared office space areas.

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