Having the right type of office space is essential as factors such as rent pay a big part in your success. There was a time when your only option if you wanted to expand your business from home was to rent physical office space and fill it full of all the essentials – furniture, digital infrastructure, etc. Nowadays, there are a wide variety of options for freelancers, established businesses, and startups. Once of the most popular being serviced offices.
Most of us have worked in a traditional office setting, if you have not, you still know how they operate. The main difference between a conventional office and serviced offices in Sydney is rental contracts. When you opt for a traditional office, you have to agree a monthly fee and sign a contract on a long-term basis. This type of office space is losing its popularity as you must commit to a long-term contract even when you are unsure whether you will stay for that period.
There are some benefits to using a traditional office setting, but most of these advantages only apply to big businesses who can afford to lease office space and cover the cost. Here are some of the pros associated with traditional office settings.
- Freedom to brand and decorate the building to reflect the culture of the company
- More control
- Easy to predict monthly costs
Serviced Office Space
There is no denying it, serviced office space has exploded, and it is fast becoming the preferred option for businesses all over the world. The reason for this is simple, a serviced office has many advantages over a traditional setting. All of your running costs are included in the price and you do not have to commit to a long-term contract. You can also add or subtract services as you see fit. Shared office space is ideal for all kinds of people from freelancers to digital nomads. Even established business take advantage of this service when testing out markets in a new location. Here are a few more benefits:
- Greater network options
- Zero downtime
There is a big difference between these two options, and it is clear to see that serviced office space is slowly taking over from a traditional setting. Businesses and individuals all over the world can take full advantage of the services on offer. You can experiment and take risks without worrying about long-term rental contracts or massive overheads.