Coworking spaces, or shared office, have gained popularity among startups as they provide a cost-effective and flexible alternative to traditional office leases. Startups can access fully-equipped workspaces without the burden of long-term contracts or the need for substantial upfront investment. By sharing office space with other companies and professionals, startups can significantly reduce overhead costs while still enjoying access to essential amenities like high-speed internet, meeting rooms, and communal areas.