Skip to Main Content

Start Of Main Content

Welcome to the world of shared office space

How we work and where we work are set for huge changes, thanks to the explosive growth in co-working spaces. By 2022, the number of worldwide flexible or shared office spaces is expected to double to nearly 50,000.

Co-working spaces come in all shapes and sizes. Some are in open, loft-like buildings, while others contain individual offices. Many shared work space buildings are owned as part of a chain, with locations in select cities or across the nation. And the setup, amenities and options differ, too (with an impact on the lease price). For example, you might have a designated desk that’s yours no matter what days you are in the office, or you might be given a hot desk — meaning you choose from whatever work surface is available on that day.

Before agreeing to rent a co-working space, it’s important to investigate what’s part of the contract and what’s not. Rent may include a variety of things, such as a dedicated desk. It’s key to ask about maintenance and repairs as well as security, especially if you intend to bring expensive equipment such as a printer into a co-working space. Cybersecurity should be top of mind as well; the office space manager should provide a secure network that’s accessible only with a password. You may also want to investigate insurance coverage and competitor clauses — are you the only business in your specialty that can lease space?

For more on what to consider and why you might like a co-working space, take a look at our graphic.

Enlarge infographic

State Farm® (including State Farm Mutual Automobile Insurance Company and its subsidiaries and affiliates) is not responsible for, and does not endorse or approve, either implicitly or explicitly, the content of any third party sites hyperlinked from this page. State Farm has no discretion to alter, update, or control the content on the hyperlinked, third party site. Access to third party sites is at the user's own risk, is being provided for informational purposes only and is not a solicitation to buy or sell any of the products which may be referenced on such third party sites.


Select a product to start a quote.




844-373-0003

Also Important

Here are some additional articles that may also be important to you.  So you should check them out.

Options to Consider When Insuring Your Small Home Business

Options to Consider When Insuring Your Small Home Business

Insurance for a home based business might require small business insurance since your homeowners might not.

Tips to Protect Your Business From Robbery

Tips to Protect Your Business From Robbery

Learn about theft deterrents, how to prepare your staff, and how to alert authorities.

Related Articles

Here are some additional articles that may interest you.

Tips To Prevent Employee Theft

Tips To Prevent Employee Theft

Careful hiring and assigning responsibilities can ensure no one's stealing from the till.

Natural Disaster Planning for Your Business

Natural Disaster Planning for Your Business

Create a business natural disaster plan to protect your employees, secure assets and resume operations.

The steps of how to create a business plan

The steps of how to create a business plan

Ready to become a business owner, not just an employee? Follow these essential first steps to create a business plan.