The biggest advantage of sharing office space with other individuals or businesses is the division of monthly rent. Other management and miscellaneous expenses like electricity, heating internet are not on your side.
Focusing on Business goals:
Since you do not have to worry about the management and other related chores, you have ample time to focus on the business goal and its development. Thus increasing your chances of growth.
Medium and small size businesses have relatively smaller teams so at time they lack spirit and motivation. Being around different business and thriving individuals creates hustle and creative vibes.
You could find something more than just spirit such as competition in small shared office space. In this process you might get your next big idea. Networking with other people can have multiple positive impacts.
As startups are popping up across the world and workforce of freelancers are growing exponentially, the idea of traditional offices has revolutionized. It not unusual that we see individuals from different backgrounds and various businesses work together in a small shared office space.
New businesses are looking for comparatively cheaper yet presentable space to give their big idea a face. Thus small shared office space is the best option in such case. There are many other perks for businesses to opt for Coworking spaces.