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Coworking is an arrangement in which workers for different companies share an office space. It allows cost savings and convenience through the use of common infrastructures, such as equipment, utilities and receptionist and custodial services, and in some cases refreshments and parcel acceptance services. [ 1 ]
The main benefit of sharing an office is that it provides a more dynamic environment for both companies involved and access to new markets. However, sharing office space does come with some problems of its own: Higher office management costs (cleaning services, printer ink, office supplies and so on) Faster wear and tear of office equipment
Expansive, formerly Novel Coworking, is an American co-working and office rental company. [1] Its main clientele are small businesses, such as entrepreneurs and satellite office teams, needing flexible office space.
Plus, the coworking office space took a major hit in late 2023 with WeWork’s $18 billion bankruptcy, shedding dozens of leases across the country, with 35 in New York City alone.
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Premier Office Centers LLC [1] dba Premier Workspaces (formerly Premier Business Centers) [2] is a privately held executive suite and office rental company. The company, which was founded in 2002, [3] is doing business Premier Workspaces, one of the largest providers of private offices, meeting rooms rentals, virtual office rental and coworking spaces in the United States.
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