So, you’re looking for a new workspace for your business. If you’re after a flexible and/or scalable option, then both Serviced Offices and CoWorking Spaces could be for you. In this blog, we are going to be comparing Serviced Offices vs CoWorking Spaces, exploring their similarities and differences… If you would like a more in-depth discussion around the two options, don’t hesitate to reach out, we’d be happy to help! We’ve got over 10 years of experience in the industry.
Serviced Offices vs CoWorking Spaces
Price
Whilst both are more affordable than a traditional office lease, CoWorking Spaces tend to be even cheaper than Serviced Offices. CoWorking Spaces are often favoured by those with smaller teams or those that offer flexible, hybrid working. Some CoWorking spaces offer both hotdesk and dedicated deskspace memberships. So, if you and/or your team are keen to hotdesk, then a CoWorking Space is a great affordable option for you. As well as a lower cost, both options also tend to be more flexible and don’t require a long-term commitment like traditional office leases.
Amenities
Broadly speaking, lots of the general amenities are similar with Serviced Offices and CoWorking Spaces. They are both furnished spaces requiring users only to bring their laptops to get started working in the space. Unlike traditional office leases that require all furniture to be purchased in advance. They both also typically have meeting rooms and boardrooms that can be utilised as and when required. Both Serviced Offices and CoWorking Spaces come complete with WiFi and other IT infrastructure too, removing another upfront cost for a business.
Locations
Both CoWorking Spaces and Serviced Offices are typically in prime business areas. This is ideal for businesses that don’t have significant capital or don’t want to commit to a lengthy lease, but want to be in a key location. They can enjoy the benefits of being in a commercial area without the cost or commitment. They also allow businesses to easily open an office in a new-to-them area and try it out on a flexible basis.
Professionalism
With a prestigious address, excellent facilities, and a choice of meeting rooms, Serviced Offices and CoWorking Spaces allow businesses to upkeep a professional image. A prime location was once only available to those with the capital to spend, but with the rise of flexible working, this air of professionalism has become more accessible to businesses of all sizes. Some Serviced Offices also allow businesses to implement their branding within the office space itself, further adding to their professional image.
If you’re still unsure which type of workspace would be best suited to your business, get in touch with us here at Love Mondays Office Space. Who are we? We are free independent advisors with over 10 years of experience in the industry. We’ve helped many businesses find their ideal office space and have lots of key connections in the industry. Let us know what you’re looking for and where, and we will handle the rest.
