How Proworking Offers Flexibility in Any Economy

Whether you’re celebrating historic rate cuts or eyeing soft landing predictions, there’s reason to be optimistic about the economy right now. But many companies are still reeling from rampant inflation. And if the last few years have taught us anything, it’s that no economist has a perfect crystal ball.

What does this moment mean for business leaders? For one, it’s important to find ways to manage costs – and not just in the short term. You’ll want a strategy that can adapt to any economic environment.

A proworking space can be a core part of that strategy. It offers enough flexibility to keep your business nimble as needs change – without sacrificing a premium environment or incurring unnecessary costs. Here’s how.

Proworking Limits Your Extra Office Expenses

In an uncertain economy, it’s tempting to go for a cheap sublease – especially when the market is awash with them.

But these office spaces come with hidden costs. You may have to…

  • Cover your own utilities and maintenance. Subleases often pass down utility bills (e.g., water, gas, internet) and common area maintenance expenses, leading to higher costs.

  • Hire additional staff. If you want someone to handle mail or greet clients, you’ll have to hire your own receptionist – which means more payroll expenses.

  • Pay for traditional office amenities. Subleases don’t come with coffee, tea, and beer on tap. You’ll have to cover those expenses yourself. And there’s a chance you may not have access to building amenities either (like the gym or the rooftop patio).

  • Face more renewal uncertainty (if renewal is even an option). Landlords typically don’t guarantee renewals to sublessors. If they extend a lease to another company, you could wind up searching for a new office space sooner than you’d like. That’s a tough pill to swallow in any economy.

With proworking spaces, you only pay the price you see up front. That factors in everything from coffee to printing to high-speed internet – along with an attentive front desk team that handles much more. And renewal is always on the table, with multiple membership options to choose from.

At a proworking space, you won’t just spare yourself unnecessary costs; you’ll get more time back in your day to handle your core business activities.

Proworking Lets You Scale Office Space Up and Down

The August 2024 jobs report showed a hiring slowdown across many industries. That likely means business leaders are being cautious about bumping up payroll expenses. If economic forecasts start to sour, additional labor costs could become a liability.

In the short term, it’s important to have an office space that lets you scale down if you need to cut your headcount. After all, you don’t want to pay for space you’re not using. But what happens if business is booming and you’re ready to grow your team? You’ll want an office space that can accommodate new hires as well.

No matter what position your business is in, a proworking space can flex alongside your needs. You have the freedom to scale your office space up or down as needs change. What’s more, you can do so without having to sacrifice privacy. No matter how many desks or offices you choose, you’ll always have a quiet workspace that’s designed for focused work. 

Proworking Keeps a Premium Environment a Constant

In many cases, scaling down office space means giving up what some might call “nice-to-haves.” Maybe your new space doesn’t have building security. Or the furniture is uncomfortable and outdated. And there’s only a single, cramped conference room for the entire floor.

But at a proworking space, a secure and premium environment isn’t a nice-to-have – it’s the norm. Alongside a private office, you’ll get to enjoy…

  • A central downtown location with great curb appeal.

  • Upscale furniture and fixtures at every corner.

  • Spacious conference rooms to welcome clients or meet with your team.

  • Top-notch sound masking technology that keeps every conversation private.

  • Security personnel that turn away unauthorized guests.

  • CCTV cameras and controlled-access entryways for enhanced security.

That means you can bring clients, investors, and partners into an impressive space that puts them at ease. What’s more, you can subtly signal authority and inspire confidence – enhancing your business’s reputation in the process. In our view, that’s worth the investment in any economy.

Choose a Home Base That Can Weather Anything

Economic headwinds will change again and again. Your company should be positioned to adapt to anything, no matter which direction things go.

A proworking space can be the stable home base you need to conduct business during booms and busts. See for yourself at a Firmspace location near you.

Darby Gerga