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Small Business
Consider sharing space
February 7, 2000: 1:16 p.m. ET

If you are moving from a home office, think about this affordable alternative
By Jane Applegate
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NEW YORK (CNNfn) - Dear Jane: I am a freelance copywriter and editor who has been working at home for 10 years. Lately, I feel like I need to get out of the house and rent office space, but I'm afraid of the added expense and making a change. Any suggestions?
    Working at home has some great advantages, beyond saving money on rent. Flexible hours and being able to work in your sweat pants are great perks. But, at some point, many folks need to get out of the house.
    Rather than renting your own office, I would suggest trying to share office space with a compatible business in your city or town.
     Place an ad in the local business journal or weekly newspaper, extolling your merits. Be specific about what you are looking for in terms of square feet, whether or not you need office furniture, a receptionist, phone service or high-speed computer lines.
    Ask everyone you know to tell people that you are looking for affordable office space. When you find some options, check out the neighborhood in terms of safety, parking, traffic and the potential commute.
    Make sure you can afford the rent, and try not to sign a long-term agreement. You also want to make sure the tenant has the right to sublease space. You don't want to get all settled and then be thrown out by the landlord!
    You might also consider renting space in an office center like the ones run by Headquarters Inc. and similar firms. These companies provide turnkey office space and services to small business owners.
    Having an outside office will probably encourage you to work a little harder and take on more projects to help pay the added expenses. But, that could be very good for you and your business.
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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.