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Is Expensive Office Space a Major Constraint for Bootstrapping Startups?

Let's face it, office space doesn't come cheap and there is only so much we can do from home. To build a team, to have the interest of potential recruits/customers, a decent office is essential. It also adds greatly to one's productivity for sure.

So, how are the startups meeting this challenge? Any innovative ideas/offers?

One offer that I know of and am currently availing is the 3-month complimentary Regus Businessworld Gold Membership by EFactor. http://www.efactor.com/toolbox/regus

If you are aware of any similar offers, do share.

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