Total Cost of Occupancy (TCO).
Workwise offers the best total value for office-based professionals and small business teams.
Some people tend to focus on the cost per square foot for their private office. TCO is a comprehensive way to understand the true cost of your whole workspace over time.
At Workwise, more than half of our total space is common area shared with all members, including our remote and hybrid members. Unlike a traditional lease, this saves you money by distributing the cost of those areas and all of our value-added amenities across all of our members.
Focus on what you best. We'll take care of the rest.
| Expense | Workwise Office | Traditional Commercial Lease |
| Base rent | Included | Included |
| Common area maintenance | Included | Extra |
| Utilities | Included | Extra |
| Janitorial | Included | Extra (or DIY) |
| Furniture | Included | Bring your own (BYO) |
| Meeting rooms | Includes 6 hours (or 1 day) every month | Extra rent for the square footage |
| Break room with coffee, water, etc. | Included | Extra rent, BYO coffee, water, etc. |
| "Third Place" to relax and meet people | Includes Lobby Cafe | N/A |
| Wifi and hardwired Internet | Included | Extra, BYO hardware |
| Business phone with unified voicemail | Included | Extra, BYO hardware |
| Printer/scanner/copier | Includes B&W; $0.50 per color page | Bring your own (BYO) |
| Secure shredding | Included | Extra or BYO |
| Postal service | Included | No charge for basic postal service |
| Office Manager | Included | Additional payroll expense |
| Front desk receptionist | Included | Additional payroll expense |
| Notary services | Included | N/A |
| Fitness center, lockers, and showers | Included |
N/A in most cases |
| Whole building generator | Included |
N/A in most cases |
Flexible Terms
Traditional commercial leases usually lock you in for 5 to 10 years. But what if your needs change before then? How much will that cost you? If we’ve learned anything from recent history, it's that things can change. Fast. That's why Workwise offers shorter, flexible terms. Most of our office agreements are for 12-months. We also offer a 3-month minimum if necessary.
Is Shared Office Space Right for You?
Shared office space isn't right for everyone. You might be able to find a good deal right now if you need specialized space like a full-time showroom or warehouse. Or if you have any plumbing requirements (eg, foodservice, medical). Larger corporations might be able to justify the additional investments required to build-out offices on a traditional lease. But many of them, including IBM, Microsoft, Amazon, Google, and Salesforce, are also adding shared offices to their real estate portfolio for the flexible terms.
Personally, I tend to be a "value shopper." I don't usually buy the most expensive, or the least expensive option. Use TCO as a decision-making tool when it's time for you to consider your next office and I believe, if we're a good fit, you will find that Workwise offers you the best total value.
I look forward to working with you!
Eric Hinkle
Chief "Everything" Officer 🤣
