Latest Flex Office Market Insights: Australian Flexible Office Space Report - January 2024

How to Use Serviced Offices to Build a Better Workplace

How to Use Serviced Offices to Build a Better Workplace

On the search for a more flexible office space solution? Find out how coworking and serviced offices could benefit your business (think cost savings, employee well-being & more!)

While some businesses will be happy to lock into long-term leases and take advantage of depressed prices, many others will look to serviced offices to manage the ups and downs of market volatility over the coming months and years.

Today, a serviced office offers the opportunity to pay as you go in a fully furnished and fully equipped rental space. They often offer other flexible workplace trends such as coworking spaces, where multiple companies share a modern office space.

The office spaces are located in buildings owned by coworking operators, who will rent out entire floors or individual offices, depending on a business's needs. Serviced offices allow businesses to rethink their traditional office spaces by increasing flexibility regarding finance, amenities, and accessibility.‌

Photo: Hub Australia Brookfield Place Sydney

The Current Need for Alternative Workspaces

Today, businesses are seeking alternative options — such as serviced offices — to the traditional office in recognition of the financial benefits and the benefits for employees. The current market uncertainty means it is difficult to ascertain where a company will be in six, twelve, or twenty-four months. In this environment, it can be difficult to commit to a long-term lease.

Serviced offices offer an alternative with flexible terms and shorter-term agreements, providing options in an era of uncertainty.

Furthermore, long-term leases tend to require large down payments, generally three to six months rent in advance. This is money that any size business could save and repurpose by using serviced offices.

As businesses continue to search for ways to maximize their financial security during the market ups and downs, many face the issue of unneeded space. Serviced offices provide further savings through space efficiency. They allow businesses to select exactly how much space they will utilize, whether it be one office or an entire floor. Long-term leases lock businesses into an amount of space that they may not fully use. There is no need to pay for this unneeded space when using serviced offices.

With the transition to increased remote work, employees are currently demanding more flexibility on where they work. A flexible place of work is more important than ever during the constant changes in workplace policy and employee needs. Serviced offices allow businesses to accommodate these demands in a financially practical way.

Unlike with a long-term lease, it is easy to customize the space's size and accessibility according to how employees want to interact with their workplace. As more and more employees work from home, less space may be practical. Conversely, not all employees will want to work from home, so businesses can accommodate these needs using serviced offices.

Using Serviced Offices

Photo: The Work Project 50 Bridge Street Sydney

Serviced offices have many benefits for businesses and their employees. In a volatile market, they provide a way to manage uncertainty in a way that traditional leased options do not allow. By considering using serviced offices, businesses can offer their employees flexible workspaces with a variety of amenities.

With all of the clear benefits, flexible office options such as Rubberdesk offer an excellent solution for businesses to provide the space employees need while only paying for what they use.


Frequently Asked Questions

What's the difference between a coworking space and serviced office?

Coworking spaces usually have a more open floor plan, which is built for community and collaboration. They offer flexible leases and a variety of workspace options as well as amenities. Serviced offices are usually more broken up. They may have cubicles or private offices and suites. Some offer hot desks and dedicated desks along with coworking spaces, however.

What are the benefits of flexible office space?

From saving upfront costs on facilities such as gyms, cafes, and outdoor space generally not included in a traditional lease, serviced offices provide a range of benefits including flexible terms, lower upfront costs, turnkey space that adapts as the business grows, office managers & receptionists, as well as amenities such as printers, high speed WIFI, paper shredders and shared kitchens.


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Australian Coworking & Serviced Office Operators

@Workspaces 11th Space 74 Castlereagh A23 Coworking Access Business Centres Aeona AI Digital Hub AIM Business Centres Anytime Offices Aspiring Properties B2B HQ Ballarat Business Centre Bluedog Business Centre Brisbane Business Centre BTP Workspaces Business Hub Business Station Bustle Studios Christie Spaces Cicada Innovations cirque by Centuria Clarence Professional Group Co-Work Orange CobbleWorks CoHouse Studios Colab Spaces Australia Collective_100 Compass Offices Connect Offices CoTen Cove Workspace CoWork-Me Coworking Hub Coywolf Coworking CreativeCubes.Co Croydon Coworking Space Desk & Studio Desk Space DeskPlex Dexus Place Edge Offices Emerge Coworking Essential Offices Exchange Workspaces Richmond Figari Fishburners Fleks Workspaces Flex by Abacus Flexi Business Spaces GPT Space&Co Hexa Space Hills HQ Homebase Serviced Offices Hub Australia Ideal Offices Ideal Space INCO Serviced Offices Inspire9 Integrity Business Centre JAGA Workspaces JustCo Global Keep Co Workspace Kentlen Executive Centre Kingsmede Launch-Code LaunchPad Liberty Flexible Workspace Little City Coworking Mache Space McGrath Executive Suites Melbourne Connect Co-Working Miller Workspace Mint Business Centre Mobo Cowork Motive Coworking Nauti Studios Nexus Business Centre Nexus Smart Hub officenexus Offices First Opus Workspaces Paddock Parliament Coworking Pipeline Private Workplaces Platypus Coworking Plus U Work Collective Regal Professional Centre Regus Riva Offices River City Labs Salt Space Servcorp SOI Chatswood SOS Enterprises Spacecubed Spaceii Spaces Sphere Serviced Offices Spot Coworking Stone & Chalk Studio 42 Workspaces Subiaco Business Centre Sublease Tank Stream Labs Tech Central Sydney The Aspire Centre The Circle The Cluster The Commons The Executive Centre The Foundry Cowork The Great Room The Hive The Innovation Factory The Loft The Office Space The Quantum Terminal The Work Pod The Work Project The Workery Thrive Coworking Thrive Spot United Co. Urban Collective Urban CoWork Vantage Offices Waterman WeWork Wilkin Group Work Club Global Work Collective Work Tank Workbee Workcave WorkLife Worksocial workspace365 WOTSO Y.hub Coworking YBF Ventures
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