Exploring the Concept of Space-as-a-Service and Its Impact on Businesses
Redefining workplaces, landlords, and user experiences in the evolving business landscape
The Evolution of Workspaces: From Pandemic Shift to Hybrid Solutions
With hindsight, we can see the pandemic as an unintentional workplace experiment that catalyzed the future of flexible work entirely. Businesses were confronted with the challenge of managing remote teams which prompted leaders to reevaluate their workspace requirements from the ground up.
A Paradigm Not So New, Yet Increasingly Relevant
While the concept of coworking might not be novel, its significance has accelerated over the past half-decade. The shift in demand within the commercial real estate sector has steered it away from conventional leasing structures. And in response, commercial landlords and property developers have embraced the coworking model, which offers unparalleled flexibility, top-tier amenities, and sustainably focused design.
Established players in the coworking and serviced office domain have already made their mark. Companies like Servcorp (founded in 1978), Regus (established in 1989), WeWork (founded in 2010), and Industrious (launched in 2013) have firmly solidified their presence. This trend is exemplified across the board, with over 170,000 square meters of Flexible Office Space available for rent from more than 100 Coworking Operators throughout Australia.
Decoding Space-as-a-Service: A Shift in Real Estate Dynamics
As defined by Google:
Space-as-a-service (SPaaS) signifies a fundamental change in how the commercial real estate industry delivers products and services to tenants, transforming commercial landlords from mere rent collectors into service providers.
Meeting the Shifting Demand: Reimagining Workspaces
In the realm of flexible office brokerage, numerous businesses transitioning from long-term leases have opted for coworking spaces. Their primary criteria include:
- Short-term leases spanning 3, 6, or 12 months
- Flexibility to scale the office size as needed
- Cost-effectiveness
- Satellite offices catering to geographically dispersed staff
- Ready-to-use office setups
The Impact on Supply
The concept of Space-as-a-Service triggers several transformative effects:
- Landlords evolve from rent-centric figures to providers of comprehensive services
- Physical spaces evolve into 'smart' entities powered by future-focussed design and architecture
- Property Managers take on a more vital role as they curate and orchestrate the user experience
- Delivering an exceptional user experience hinges on the synergy between data, cutting-edge technology, and genuine human interaction.
In Conclusion
The Space-as-a-Service revolution is reshaping how businesses view and utilize commercial real estate. The pandemic may have acted as a catalyst, but the drive toward flexible, user-centric workspaces is now a definitive trend.
As commercial landlords transition into service providers and physical spaces evolve into smart environments, the synergy between technology, data, and human interaction becomes paramount. In this landscape, Property Managers emerge as crucial orchestrators of the user experience, cementing the shift towards a more flexible and dynamic future of work.
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Self contained half floor with 38 desks, private kitchen, meeting room and breakout area
3 Spring Street Sydney
External Private Office for up to 15 People
333 George Street Sydney
Subleasing the entire Office in Sydney with Harbour Bridge views
Level 20, 207 Kent Street Sydney
External Private Office for up to 19 People
333 George Street Sydney
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383 George Street Sydney
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66 Clarence Street Sydney
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12 Person Luxury Office in Melbourne
Level 1, 555 Collins Street Collins Street Melbourne
External Private Office for up to 10 People with Private Balcony
430 Little Collins Street Melbourne
Office for 12 in Cremorne with 6 metre high windows
Level 2, 100 Cubitt Street Cremorne
Private 15 Person Office in Richmond + Stunning Views + On Church Street + Terrace
Level 4, 459 Church Street Richmond
External Private office for up to 16 people- $$$ Incentives Available
425 Smith Street Fitzroy
External Private office for 12
Suite 5, 380 Saint Kilda Road Melbourne
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310 Edward Street Brisbane
12 Desk Internal Office in Centre in Brisbane
240 Queen Street Brisbane
Private office with 38 desks, 2 internal rooms and breakout space
25 King Street Bowen Hills
External Private Office for up to 10 People
339 Coronation Drive Milton
Private Lockable Serviced Furnished office for 30 people
100 Campbell Street Bowen Hills
15+ people huge Private Office, with lockable manager office near Brisbane CBD, Free parking & WiFi
G1, 17 Gould Road Herston
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External Private Office for up to 15 People with Private Meeting Room
152 Saint Georges Terrace Perth
Two Side by Side Suites with Windows to fit 12 People
L28, 140 Saint Georges Terrace Perth
Private Offices for 20 people - Internal
Level 17, 2 The Esplanade Perth
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3, 11 Lucknow Place West Perth
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Level 17, 2 The Esplanade Perth
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Level 17, 2 The Esplanade Perth
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Private Office for up to 10 people
89 Pirie Street Adelaide
10 Person Private Office
217 Flinders Street Adelaide
19 Person Window Office
12 Pirie Street Adelaide
10 Person Window Office
12 Pirie Street Adelaide
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