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Which office setup is suitable for your business?
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In the past few years, coworking has changed the entire definition of office space. People who used to love working at a traditional office are now aware of the benefits of coworking and are slowly making a shift.
Been said so, many people are still confused about the cost structure of both-coworking and traditional offices. If you are one of them, the below-mentioned cost comparison is just for you.
This table consists of a detailed cost comparison between a coworking and a traditional office.
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| Details | Traditional Office (4 people) | Coworking Space (4 people) |
|---|---|---|
| Initial Setup Cost | ||
| Security Deposit | ₹ 2,50,000
(10 months amount) |
₹ 57,600
(3 months amount in most cases) |
| Furniture & Fixtures | ₹ 50,000 | Included |
| Air-Conditioner & Installation | ₹ 40,000 | Included |
| Printer (with Scan & Copy) | ₹ 12,000 | Included |
| CCTV Surveillance | ₹ 20,000 | Included |
| Internet Plan | ₹ 2,000 (security deposit) | Included |
| Sanitation | ₹ 5,000 | Included |
| Furnishing | ₹ 5,000 | Included |
| Total Initial Setup Cost | ₹ 3,84,000 | ₹ 57,600 (Save ₹ 3,26,400) |
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| Details | Traditional Office (4 people) | Coworking Space (4 people) |
|---|---|---|
| Monthly Recurring Cost | ||
| Rent | ₹ 25,000 (500 sq. ft space @ ₹ 50 per sq. ft) | ₹ 19,200 |
| Electricity | ₹ 3,000 | Included |
| Internet | ₹ 1,200 | Included |
| Housekeeping | ₹ 2,500 | Included |
| Office Boy | ₹ 10,000 | Included |
| Security | ₹ 10,000 | Included |
| Receptionist | ₹ 12,000 | Included |
| Sanitation | ₹ 2,000 | Included |
| Repairs & Services | ₹ 1,000 | Included |
| Total Cost (Monthly) | ₹ 66,700 monthly | ₹ 19,200 (Save ₹ 47,500 monthly) |
| Yearly Expenditure | ₹ 8,00,400 yearly | ₹ 2,30,400 (Save ₹ 5,70,000 yearly) |
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