There are a lot of businesses who are not using up all the office space they have available to them which can be a waste of money. There may be extra space which is unoccupied but it is possible to make money from that unused space. Often there are small businesses out there who just need to have a desk and chair etc but find renting a complete office too expensive. This is where sharing office space with another business can be helpful.
You can make use of the unoccupied space in your office and make some money from it at the same time. However you will have to be clever about how you go about advertising this space and the price you are asking for it. If you have office space to rent out then it is important that you make the rental space appealing to others. The price you charge will obviously have to be lower than what someone would be charged for office space from a rental company.
You can obviously charge a little extra if you are providing the use of office equipment such as fax machine, printers, and photocopiers. The use of phone lines and internet will have to be charged extra too. The best way to do this is to charge the smaller business for the calls they make etc.
You will also have to think about where you are going to place the other business in the office. It would not be appropriate for you to situate them right in the middle of your staff as they will want to have some privacy to run their own business. Everyone in the office should be happy with the arrangements.
As you will also need to provide tea and coffee making facilities and toilets it is important to make sure your office can cope with the extra people. These are things that need to be considered before you make any decisions about renting out space.
Irrespective of the actual work you do, office space for the admin side of things is vitally important. But whether you can find this office space easily enough depends largely on where in the world you live. If your base was in the Midllands of the UK, as an example, it can be easy to search out nottingham offices.
