The Dollars and Cents of Sharing Space

Maybe you are a small business owner or entrepreneur who is struggling to grow because of startup costs, like finding a commercial space; or maybe you already have a space, but you have a high overhead.

If you fall into either of these categories, there is a solution available to you that could be crucial to the health and growth of your business or organization. Whether you're a business owner with your own space or an entrepreneur looking for space, space sharing will help you grow while saving you money.

The Dollars of Space Sharing

Let's talk finances. Space sharing saves dollars in the pockets of both space renters and space providers. It's a literal win-win for everyone.

Space Providers

One of our users, Katherine, is a Pastor at a Colorado Springs church. With a $4,000 overhead for her building and underutilized space, she wondered what options she had. On our platform, she found several people to rent areas of her church during the times it was unused. The result? Her monthly overhead is covered anywhere from 60-100%. As a business owner, you don't have to be told how significant that is.

With her overhead cut in half, she was able to commit to various projects and goals for her organization. What could you do with half of your rent back in your hands?

Space Renters

Committing to a long-term commercial lease can be terrifying, especially if you're not financially ready. It's not always possible to know if your growing business is going to be able to afford the same building for 5+ years. Needless to say, it's risky.

Flexible space allows you to work out of the building of your choice while committing for a day or a few months—it's up to you. The freedom in space sharing gives you the opportunity to save money and continue growing your business.

The Cents of Space Sharing

Space sharing makes cents—I mean sense—for everyone. As we said, it's a win-win for both parties.

Space Providers

Another one of our users, Chris, owns a gym in the Colorado Springs area. After having a similar realization about the overhead at his gym, he decided to use SpaceTogether to share his gym space with other fitness professionals. By only utilizing his space for a percentage of the time, he was leaving his gym empty and unused the rest of the time. It didn't make sense to operate an entire building for a short amount of time.

Using the platform not only helped him financially, but it simply made sense for his gym and those he was renting it out to. Chris has helped other fitness experts start and grow their businesses without the burden of a long-term lease.

Space Renters

When you sign a commercial lease, you're locked in. You sign, and then it's yours. That can be exciting when you're ready, but if you're not ready, you may have just signed yourself up for years of financial hardship. But when you skip the lease and instead decide to utilize flexible space, you do something a lot better for yourself.

Flexible space allows you the wiggle room you need financially and outside of a contract to grow your business in the ways you need to. It's an option with a much lower risk and sets you up for success because, by the time you are ready for your own space, you have the freedom to find the right space for your budget.

Before You Go

Space sharing is the option that gives a renter the freedom to start and grow their business without being locked into a commercial lease, and gives providers the ability to lower their overhead by utilizing an asset they already have. From finding good, reliable shared spaces to handling logistics along the way, SpaceTogether is here to help you. Rent flexible space because it not only saves you dollars, but it just makes sense.