Deciding where you are going to run your business is one of the first real challenges for entrepreneurs. No matter the size or sector of your business, finding the right office space to rent is vital.
Modern solutions to counter the problems that come with traditional office rentals have led to a steady rise in the variety of flexible and high-tech office environments available. Two of the most popular are co-working spaces and serviced offices. At first glance, these two options can appear very similar, but there are some stark differences that could have an impact on how you run your business. Understanding these differences and knowing what your business needs are is the key to choosing the perfect modern office space for you.
Serviced Office Space
Moving your business to a serviced office means you can enjoy many of the benefits of traditional office space without the problems. Sometimes referred to as managed offices, they are being increasingly used by both big brands and smaller businesses. This is because they come with everything that you need at a flat rate with no hidden office costs. Serviced offices come with a variety of added facilities such as:
- Utilities, phones, and high-speed internet
- Admin support and reception teams
- Communal spaces and private areas
- Cleaning and maintenance
- Postal services
- Office equipment
- Community perks and benefits, including preferential rates at local bars, cafés, restaurants and health clubs
- Choice of Private Office, Co-Working Space or Hot Desk
Having these in place means that you do not have to waste time and money on set-up and ensures you can get straight to work the moment you arrive at your desk.
Co-working spaces offer many of the same advantages as serviced offices, but there are limitations on what they can provide. The majority of business centres will only offer a desk that you can rent either short or long-term, but may not be able to offer private offices or boardrooms for meetings. The benefits of co-working spaces include:
- Lower costs
- Less commitment
- Easy collaboration with those around you
However, there are drawbacks when it comes to co-working spaces. They can be very social, but for the lone worker, the lack of privacy can be frustrating. You may also have to wait for access to office essentials like printers or meetings rooms.
Understanding Your Needs
To ensure you make the best decision for your office space to rent it is vital that you know in advance exactly what your needs are. The best way to do this is to ask yourself the following questions:
How often do you need to use the office?
If you are only planning to use your office for one or two days a week, then it’s worth looking closer at co-working spaces, as you will only pay for the days that you need. However, if you’re going to be working longer hours then it might be worth looking at the available packages offered by a serviced office space.
What office facilities do you need?
Depending on the type of business you run, your requirements for office facilities can vary. If you’re considering a co-working space or serviced office, then it’s worth making sure that you will have access to the services and equipment that you need, when you need them.
Knowing what you need from your office is the key to making a better decision on your workspace. At Clockwise we’ve got a range of flexible packages, meaning it’s never been easier to get the best workspace possible without the headache of traditional office rental.