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What’s the cost of a renting a private office? We ran the numbers for you

Coworking offers a lot of advantages, one of which is the cost. We’re talking about the comparative cost of renting your own office versus having access to a private office you can rent on a daily, weekly or yearly basis in a coworking space such as Vios, where you can enjoy all the perks of a private office without having to worry about the upfront costs or maintenance costs of an office rental.

Coworking offers a lot of advantages, one of which is the cost. We’re talking about the comparative cost of renting your own office versus having access to a private office you can rent on a daily, weekly or yearly basis in a coworking space such as Vios, where you can enjoy all the perks of a private office without having to worry about the upfront costs or maintenance costs of an office rental.


The initial capital one must expend for a small 37m² office in the center of Athens in the first year alone – simply to cover the rent, deposit, operating expenses and office equipment – is about € 8,690 or € 724 per month.


Offices for rent in central Athens



We looked at 22 places and called up to inquire about them. We were looking for a space with two separate rooms – one to be used as an office and a conference room with natural light to be used for meetings – that would not require painting or repairs.

 

Rent
By way of example, we found a 34 m2 office with a monthly rent of € 280

Building Maintenance - Water - Electricity - Landline
The building maintenance fees were relatively cheap, at € 50 per month.
We calculated that the cost of electricity (lighting heating/cooling, water, internet and landline would come up to € 110 € per month.

Cleaning Fees
Finally, we added up some necessary fixed costs: hiring a cleaner 4 times a month, as well as the cost of cleaning supplies, napkins, paper towels, and coffee. For these we estimated a monthly cost of € 100 per month.
The total monthly cost was  € 540 per month. 


Office Equipment
An office also needs some minimal equipment that is necessary for its operation. We tried to be as economical as possible.


A simple rented office needs to have, at the very least, the following equipment: 


  • An office desk with drawer, € 200

  • A comfortable office chair, € 90

  • A table for the meeting room, € 300

  • 6 simple chairs, € 300

  • 1 printer/scanner/photocopier, € 120

  • 2 telephones,  € 90

  • 1 large projection screen, € 300

  • Office lighting equipment, € 70

  • 1 small fridge, € 120

  • 1 microwave, € 100

  • 1 simple office storage cabinet, € 140

  • 1 set of tableware, i.e., plates, cutlery, € 60

  • Power strip 40€

Total cost € 1,930
In other words, the cost of renting a basic office in the center of Athens for the first year – just to cover rent, deposit, operating costs and equipment – is approximately € 8.690 or 724 € per month. We should note that we have not taken into account the time one has to devote for setting up and organizing the office.



What amenities does a Vios private office in the center of Athens provide?
A private office at the Vios coworking space is equipped with all of the above, of a higher quality, as well as offering:

Biophysical design that has been WELL-certified. The WELL Building Standard aims to enhance health, wellness and performance, using the principles applied by industry behemoths such as Google

  • Access to gym, garden, roof terrace, professional kitchen, massage area, yoga/personal training area, concentration/quiet space with a view of Lycabettus Hill

  • Professional meeting room

  • Changing rooms and showers

  • Daily cleaning and disinfection service

  • Unlimited coffee

  • Healthy food

  • Fiber-optic internet connection and back-up connection

  • Front desk service

  • Areas reserved for organizing training sessions or corporate events

  • Parking space (next to the building)

  • Security

  • Opportunities to grow your business from one day to the next


You can have access to all the above starting from only € 245 per month, that is, 66% cheaper than renting a private office!



Before renting an office in Athens, spend half an hour to visit Vios.



Even if you are almost 100% certain of your choice, or if a real estate agent has found you the "perfect" workplace for your company, we would love to invite you to come by our premises for half an hour to get acquainted with Vios’ office solutions.


You will have the opportunity to see first-hand what the future of work looks like and experience a modern office design that aims to increase productivity and creativity in the workplace.