There are a number of misconceptions around space sharing, some of which can keep you from taking the brave leap of trying it out. That’s understandable. For such a big commitment, you want to be sure you’re making the right choice.

To make the best choice for your business or organization, you want to know all of the facts. That’s why we wrote a blog dedicated to space-sharing myth-busting.

It can be difficult to distinguish myth from fact, so we’ve gathered some of the most frequently asked questions and concerns over the years and compiled this list. After reading, you should have a better understanding of what space sharing entails, that way you can know if it’s right for you.

Let’s get started!

You have to share your space with the same type of business/organization.

(For example, churches can only share with church planters or pastors.)

Myth

One of the best aspects of space sharing is the ability to share space with different types of organizations, because at the end of the day, space is space, and it’s versatile. Churches, for example, can become a place for therapists, freelancers, coaches, bakers, and so many more.

I can share as many spaces in my facility as I want.

Fact

Each space will require an individual posting, meaning that you’re able to share as many spaces as you want in your facility. Sharing more spaces means lowering your overhead even further. If you have a building with an auditorium, kitchen, office, etc., you’re sitting on a huge opportunity with that much space.

I have to share my space 24/7 to make it worth it.

Myth

Another cool aspect of space sharing is being able to decide how much of your space you want to share and at what frequency. If you want to start by sharing your space only one day a week, then you're free to do so and will still experience the benefits.

Sharing space is more cost-effective than finding a long-term lease.

Fact

Signing a long-term lease is expensive and can lock you into a situation that might not work for your organization after a certain length of time, so sharing space is an excellent middle-ground for those who need space but aren’t ready to give a lump sum of money and sign a lengthy commitment.

I’m out a lot of money if my space renter doesn’t pay me! 

Myth

Not exactly. When you use SpaceTogether, you have the option to utilize our payment processing software that ensures renters can’t miss a payment, and space providers get paid every time, on time. More on that here.

Space sharing can affect growth in my business/organization.

Fact

This is one of our favorite facts. When you share your space, your reach becomes wider than ever. You can expect your business to grow when you share space, especially through SpaceTogether, because it is one of the easiest and most effective ways to network.

Having more people in my space will make my overhead even higher.

Myth

The only truth in this statement is that your utilities will probably go up if your facility is being used during times it wasn’t used before. However, that usage is negligible compared to the amount you will earn back from sharing space. You’ll watch your overhead lower in that first month, and you probably won’t look back.

Before you go

Thanks for checking out our myths vs facts space-sharing style! Whether it was a concern about getting paid, utilities going up, or deciding which commitment is best for you, we hope this blog cleared up some of your questions about space sharing. And now that you know the facts of space sharing, it’s time to take a look at your space and decide if the time is right to share.

We’re confident that sharing space is a great option for your organization, and getting started has never been easier for both space providers and space renters. Head to our homepage to sign up, or send us a quick message.