How businesses can save on rent with co-working

With office space rent in downtown areas starting at around at upwards of $1,000/month, what’s a budget constrained tech start-up or single-person businesses operation to do?

Thankfully, an alternative working arrangement called co-working offers a low-cost and flexible option to many small businesses, freelancers and consultants. Co-working is a style of work where individuals share a working environment (an office, a large room or a long desk). The workers don’t necessarily need to be involved in the same business, activity or project.

Our story, Office space with benefits: sharing a desk helps entrepreneurs cut costs, takes a look at three such places in Toronto that have become a haven for start-ups and freelancers.

This video provides a look at the facilities and services offered by two of these sites, ING Direct’s Café and Market Crashers’ Hackernest.

Another article, 10 tips for making the most out of co-working, provides some useful advice for people considering co-working.

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Jim Love, Chief Content Officer, IT World Canada

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