Coworking spaces are the cheapest option when compared to serviced offices or traditional workspaces. Everyone is free to interact with one another. With current research supporting the relationship between job satisfaction and job performance, more and more companies are trying to spruce up their workplaces. Terms can vary, but clients are usually free to customize their own spaces as they see fit. They also need access to the internet to be able to access emails and teleconferencing options. Not so fast. That said, many workers still prefer to have a space that they can call their own. Perhaps the only weakness they have in this aspect is that they can't accommodate very rapid growth. While 64% say a coworking space makes them more able to complete tasks on time. For example, consulting firms deal strictly with clients, and they usually get access to their private corporate information. Offices are accessible 24 hours and all of our plans come with amenities like high-speed internet and free coffee and snacks. This isn’t too much of an issue if you’re just working on a computer, but anything more and you may decide to look for a serviced office with more space to navigate. Telephone conversations, skype meetings or casual chats between colleagues can become a serious distraction. We offer easy office space rentals and sales for Nigerian office space seekers with office spaces like serviced office spaces, co-working spaces, shops and warehouse spaces to buy or rent. Serviced office agreements may also provide the opportunity for clients to acquire more rooms or to sell back their rights to spaces they don't need. Employees are confined for most of the day in their respective desks, only moving occasionally to go to the bathroom, cafeteria, or the nearest water cooler. With the serviced office model, you pay for the space you use and do not necessarily have additional expectations. Check your priorities and see if your potential provider can address them. Many landlords bundle all costs, including rental and utility fees, into one monthly payment. One of the key difference between coworking spaces and serviced offices is the presence of community in the workplace. However, companies can do more than just plaster on their logo and slogans on the walls. Innovation is always welcome, but embracing traditionalism doesn't necessarily lead to rejection of innovation. Co-working offices provide less space per person. The open workspaces mean that employees will have to learn to work comfortably with each other to become successful at their work. Start-ups prefer serviced office space because it affords them fully furnished private offices and suites with amenities like phone and internet services, maintenance, mail services, and shared office equipment. You need an office. Stay tuned for upcoming events and developments. Serviced offices and coworking spaces are suited to different needs.� Serviced offices are ideal for businesses looking to reduce their overheads and expenses by balancing flexibility with stability. Shared office spaces are usually housed in serviced business centers, which may offer other workspace solutions such as virtual or private offices. Finally, we cover the alternate side by listing the advantages of coworking spaces. However, privacy is essential for companies that undergo confidential work. Serviced offices share many similarities with traditional, fully-owned offices. However, these two flexible workplace options differ in how they encourage flexibility. Serviced offices also supply utilities such as water and electricity. Coworking spaces make the open office layout accessible. Coworking spaces are a modern concept in office workspaces. These shared quarters share many advantages with serviced workspaces, but they have perks of their own. Enterprises who use coworking arrangements can worry less about janitorial or IT services since the administrators provide these services. We like to share the advantages and disadvantages of coworking office space and traditional office space with you. As mentioned before, services offices represent a midpoint between wholly-owned spaces and coworking venues. They both offer the many benefits of having a home base for your business, without the added burdens that a traditional leasehold can bring. The coworking phenomenon has taken the world by storm, and businesses and freelancers alike are taking the opportunity to experience work in a coworking office space for themselves. They are the ones responsible for land acquisition and the construction of the facilities. Over 2,500 Workplace Professionals listed on OSW List, Over 11,000 Coworking locations listed on OSW. Many coworking spaces feature modern trends in interior design since the implementation of coworking practices is relatively new. Modern offices come in many different forms. Office Space Nigeria is Nigerian office space listing website with office space in Nigeria for rent and sale. Open Sourced Workplace will endeavor to provide products and services that add value, remove friction and promote this goal. If you said yes to both questions, serviced offices might be the superior option for you and your company. Just go to the nearest coworking space, pay the fee, sit down, and start hustling. How do I choose my workspace provider? They are one of the main drivers of the workspace trend that uses fewer barriers and encourages higher levels of openness. Companies that rely on intense collaboration between and among teams should also find coworking spaces extremely useful. Perhaps one of the best innovations of coworking spaces is the unprecedented level of accessibility they provide. They inherently challenge the notion that workspaces exist to isolate the company from the outside world. Companies are usually free to repaint the rooms, change the flooring, or even swap some of the equipment. These positive feelings are reflective in the growth of the coworking industry, and the increasing demand for more coworking spaces. At the same time, serviced offices are more able to give people more opportunities for interaction, especially with employees from other companies. If you’re ready to establish a home base for your start-up, book a tour with us today. These services are ideal for start-ups and tech companies, but are often too expensive. Now that you know the benefits of serviced offices, it’s now time to look into the advantages of coworking spaces. We wrote an article, "How Important is it to have Office Space?" Coworking spaces train employees to work in collaboration with other people. So, what’s the difference between serviced offices and coworking spaces? Not all landlords are equal, and some offer substandard services. Enterprise; Help; Join/Sign In; Join/Sign In. Both, Serviced offices and Coworking spaces provide the ready to move in space with basic facilities like Internet, Pantry, conference rooms etc to run your business. However, they’re not usually serviced either, making it challenging for start-ups to run their business. In other cases, serviced offices only use a limited number of phone numbers but provide rerouting services to ensure that the call reaches the right business. These two options offer different sets of benefits that make them attractive to different types of businesses. KMC offers office space in the Philippines designed for entrepreneurs, freelancers, or companies of any size or stage. Some websites that provide you with coworking spaces are We work, Awfis and also Myrsa. In this manner, serviced offices provide many of the benefits that come from both traditional offices and coworking spaces. We also host networking events, lunches, and socials for all of our members. Hence, companies should also think of coworking arrangements as a type of outsourcing. These buildings come under the regulations of a facility management company. Due to the lower upfront costs, companies tend to save more from coworking arrangements, especially if they do not have long-term residence plans. Coworking vs Serviced Offices: Find the best space for your business Evie Jenkins 8th April 2019 24th June 2020. Asking for more privacy may seem out of place in the modern business world, where the focus is on greater openness and fewer barriers to collaboration. All repairs, maintenance, and issues are handled by alternawork staff, so you can focus on your business. CBRE study on the growth of the coworking industry, The State of Coworking in 2020 (and Where It’s Going From Here), Serviced Offices vs. Coworking Spaces: Now You Can Have Both, Oakville: The GTA’s Emerging Hub for Innovation and Tech, Maintaining Safety and Security in Coworking Spaces, Silicon Halton Software Peer2Peer Event: Practical Machine Learning and Data Analytics, Join Us to Celebrate the Opening of alternawork Kelowna on June 13, Why Design Elements Are Crucial in a Cowork Space, Cowork Trend Grows with Federal Government Considering Options. Coworking spaces are also non-exclusive. Data breaches, if proven to be caused by negligence, can also expose the company to lawsuits and other legal cases. The company can more easily provide them equipment, such as microphones, headsets, and webcams. Another perk of coworking spaces is that they encourage networking. As an example, what if your company has a sales or customer service department? These companies don't have to worry more about getting a phone since the landlord usually bundles all related fees into the monthly payments. The Basics of Serviced Offices and Coworking Spaces, As you can imagine, this type of office environment can be very dull. Are you a freelance writer or a startup team who needs a place to work? The paperwork involved in acquiring your own space can be expensive and time-consuming. (7 Benefits of Coworking and 11 Coworking Hidden Costs).". By keeping people with similar lines of work in the same area, compartmentalization allows people to become less distracted and to focus more on their work. This information may contain trade secrets, performance assessments, or even the personal data of the employees. Hence, clients only have to worry about one full amount instead of wasting time and energy tracing multiple bills. Privacy options can lead to lower stress and higher individual performance. 3 Comments on Coworking Spaces vs Serviced Offices vs Remote Work. Everybody approach their business in different ways. Hot Desking vs. Agile Working: What’s the Difference? (7 Benefits of Coworking and 11 Coworking Hidden Costs).". Shared office space refers to the practice of two or more businesses sharing a commercially leased office. For more details, we have a detailed article on coworking entitled "What is CoWorking? In the last few years, coworking spaces have popped up all over as an affordable alternative. They may have clients of their own who would prefer working with well-established companies. Serviced and coworking providers offer office-as-a-service solutions - ready to go premises. Even if the company only intends to buy existing buildings, the regulations involved in the transfer of ownership rights can be challenging to navigate. Unlike serviced offices, coworking spaces typically provide little private spaces for their clients. Coworking spaces may provide basic infrastructure but won’… “A lot of clients are finding it too difficult to work from home,” said Jenny Folley, founder and managing director of @WORKSPACES. The reason that many serviced offices look dreary is that they expect the companies themselves to decorate the rooms the use. These events also serve to strengthen the bonds between the different members of the coworking community. Giving these departments their own space allows them to work more efficiently without fear of disturbing others’ work. alternawork is a dynamic cowork facility serving the thriving tech community in Toronto and the Greater Toronto Area (GTA). (Flaws and Can You Get Fired), 25 Problems with Social Media in the Workplace (Employee and Employer Adverse Effects), 50 Workplace Stress Relief Activities (For Individual, Team, Group and Company). Serviced office companies are seeing an uptick in demand as people struggle to work from home while juggling children being out of school and other distractions. They usually cater to multiple business entities, all of which have to share the facility. Office Rental Tips, Industry Insights . A significant advantage of serviced offices over coworking spaces is that they allow better control. Despite all the advantages of newer workspace setups, they are not for everyone. As traditional offices in Atlanta get more crowded and businesses have to make more efficient use of space, many employees from upper management to the traditional cubicle professionals are finding themselves in open offices that aren’t conducive to concentration, productivity, or accuracy . If this sensitive data were to leak out, it could jeopardize the client as competitors exploit the leaked information. You need an office. Another positive aspect of the open office format is that it encourages creativity. Which one is right for you? The higher level of variety can motivate workers and increase their job satisfaction. Home; Find Space ; Find Workspace Nearby. In a co-working space, you won’t be able to customize your area to reflect your company branding, for example with signage. But unlike serviced offices, a coworking space has a more open and laidback design to encourage collaboration and creativity. Putting sales or customer service personnel with other employees can be disastrous since co-workers might find them noisy and distracting. Additionally, administrators process utility payments, as well as repair and expansion projects. This makes possible significant scalability possibilities, as well as project-based workload increases for … Coworking; Serviced Office; Building Owner; Private Business; List Your Space List My Space. Compartmentalization can also occur at lower levels, such as by projects or teams. Coworking spaces further push the idea of shared corporate workplaces. There are other benefits to privacy, aside from security. Coworking spaces have all the amenities that any worker needs. Much like serviced offices, coworking spaces usually bundle all payments into a single recurring fee. At a coworking space, you’ll find entry-level business amenities including free tea and coffee, a shared kitchen, WiFi connectivity, printers, and photocopiers. Compartmentalization also allows the company to delegate specific resources to the people who need them the most. In this article, we talk about the main differences between serviced offices and coworking spaces, as well as how they differ from more traditional models. You would probably imagine a large building, perhaps a skyscraper or a sprawling complex of buildings. A working group can rearrange themselves so that everyone has a suitable spot where they can be productive. In these cases, companies are sure that their employees have sufficient place to work even as they continue to change and grow. According to data published by the Huffington Post, 70% of people say they feel healthier working in a coworking space as opposed to a traditional office. The significant difference between these two types of flexible workspaces is the amount of privacy and autonomy they provide their clients. Serviced/Coworking space – the lowdown. They get to hear about perspectives and experiences from people working for different employers. Make sure to do ample research first. Coworking Space. Inside, you would most likely imagine floors upon floors of cubicles and office rooms, probably with some conference and meeting rooms. Many problems, both in the corporate world and outside it, require multidisciplinary approaches. These sections are typically placed in various offices, physically isolated from the rest of the company by walls and doors. Serviced Offices vs Managed Offices vs Coworking: Which Should You Choose? Coworking spaces are famous for the amount of flexibility they provide. They typically have some freedom to decorate and customize the space they use. Many leaders praise the advantages of open workspaces since these encourage better collaboration and stimulate higher levels of creativity. Coworking administrators take care of all the logistics. More heavily concerned with networking Whilst coworking spaces are also found outside of the context of a serviced office space, often a mix of the two is utilized. Businesses should look at this case an opportunity to fully customize the location. Some of them are similar to the traditional office setup that we described earlier in this article. The amenities. As you'll see later, they are meant for, but not exclusive to, different types of businesses. By embracing openness, coworking spaces provide a modern feel that many new companies can appreciate. There is less need to buy equipment or adjust the workspace, which translates to more useful work and higher productivity. In this model, landlords rent out offices, rooms, and sometimes entire sections and floors to other businesses. Versatility is one of the major selling points of coworking spaces. Open office layouts are not for everyone, as stated earlier in this article. However, compartmentalization can be beneficial for larger companies that contain separate work divisions. A shared office space at alternawork will bring your team together to collaborate effectively in an environment superior to a traditional office. We wrote an article, "What is Desk Sharing?" Modern businesses have requirements that are significantly different from traditional firms. Hence, it's relatively easy for employees to build professional networks with people from different companies. Coworking spaces provide shared and dedicated desks, and some even offer private offices. Their pricing options allow you to work now even with minimal commitments. One of the easiest ways in which one can understand the difference between a coworking space and a serviced office is by knowing its basic definition. Unlike most coworking spaces, serviced offices are adequately equipped with ample provisions for single rooms and office suites to attend to a varied demand by patrons. Companies can drastically change within a matter of months. However, many leaders can get confused as they try to choose which option is more appropriate for their business. If a company gains too many employees, it might be better for them to find another workspace where they can fit. By providing phone access with varying levels of customization, serviced offices allow companies to present a professional communication avenue to their clients. In the case of coworking spaces, no vendor coordination is involved, and the interior designing is already complete before you enter the space. Is your company strapped on cash? This model also benefits the firm providing the workplace, as they get to profit from any excessive land and equipment they may possess. A coworking space is not only a work office; it can be as much about networking and relaxing as it is about work. A coworking space is a shared office or building where entrepreneurs, startups, freelancers, developers, businesses and teams meet to work independently, as well as socialize and collaborate on projects. Or a serviced office? Managers are free to modify the workspace as they wish. We then list down reasons for an enterprise to choose the serviced office option. The most common payment scheme is monthly, but many locations can also charge weekly or per session in terms of work hours. It’s practically impossible to work effectively in shared office spaces without interacting with other people. What company wouldn’t want to see these traits in their employees? Many coworking spaces offer community events that involve the participation of employees regardless of their affiliation. They can quickly move around the entire space and find a spot where they can work. In many cases, rooms come fully furnished with desks, chairs, computers, and other office equipment. Get reviews from past clients. Traditional Office, which is better? Clients in serviced offices receive rooms that are exclusively for their use only. In the past, access to a serviced office was reserved for companies with the extensive capital required to build, design, and furnish an office. Assigning distinct boundaries might not work for all companies. As a small business, start-up or freelancer, you may find yourself searching for non-traditional office space. Serviced Office vs Traditional office vs Coworking Space Whether you’re a freelancer, entrepreneur, startup, or even an established business, it’s important to choose an office space … For example, employee populations may rise and fall, internal methods may vary, and even the business model can pivot. If you are unsure yet if you or your company can commit to a more permanent workspace, try out coworking spaces. With this approach, the benefit that serviced offices provide is autonomy. You just turn up, plug in your IT equipment and are fully operational much more quickly and easily than through leasing conventional office space. By knowing what each option has to offer, you are more likely to make a decision that maximizes benefits and reduces costs for your company. Even if the building itself houses multiple clients, each workspace is isolated from the others by security measures such as electronic doors and elevators linked to specific keycards. For instance, companies residing in serviced offices are free to modify their private rooms as they wish. Additionally, most coworking spaces offer pricing tiers with varying payment schedules. (Illustration by Augustė Misiūnaitė) These days almost everybody is talking about the 9-5 as being a hellish way to work. Serviced offices are more flexible than traditional offices. Should I switch now to serviced offices or coworking spaces? Workers are free to work without the distractions that come from open work layouts. The company is free to redecorate the space. Coworking spaces are entirely for public use, which means that employees can't hoard spots or limit others from getting their places. What is CoWorking? Renting workspaces is less of a hassle since there is less bureaucracy. Serviced Offices See Surge While Coworking Struggles. However, they are perfect for businesses that need to capitalize on creativity, collaboration, and flexibility. Most spaces come with office desks and chairs, as well as communication equipment like phones. By increasing the capacity of your company for creative thinking, you can make the company more resilient in today’s uncertain and ever-changing world. Many companies, from the newest startups to the most massive conglomerates, are investing millions of dollars in creating workspaces conducive to productivity, efficiency, and creativity. A corporate entity that has been operating for decades might feel more at home in serviced offices than in coworking spaces. (Benefits and Realistic Expectations), Complete Guide to Office Lighting Best Practices, 50 Best Office Christmas Decorating Ideas, 25 Types of Hazards in the Workplace And How To Prepare, Are Employee Engagement Surveys Really Confidential? For confidential matters, they can use their rooms instead of having to reserve public meeting rooms. On the counter, the coworking spaces are designed to be highly Social and collobrative. Serviced offices provide unique perks to their corporate clients. For example, if, for some reason, a working group needs to move from one working location to another rapidly, they might prefer coworking spaces above other options. Before a company can work in their area, they need to purchase the rights to operate on a piece of land. They also need to hire contractors to construct facilities. Hence, the demand for the type of offices also varies. Pear is the leader in consumer tech and they’re just about to roll out their latest tablet device worldwide. Similar to how it's easier to rent apartment rooms than to own a house, coworking and serviced spaces require less time and have lower immediate costs. Our services include coworking spaces or private offices in several locations at Metro Manila, Cebu, Clark, and Iloilo. In the case of serviced offices, they provide flexibility since the client company has exclusive access to a few offices on their own. Should I switch now to serviced offices or coworking spaces? In recent years, businesspeople saw the rise of services offices and coworking spaces, which try to disrupt the traditional brick-and-mortar corporate spaces of yesteryear. Employees in these departments need to transact with clients regularly, mainly through calls. There are no private spaces, so everyone, at one point or another, will work in the communal areas. However, they lack the services most tech companies need. Assess first if a location switch is something that you or your employees want. Multiple companies may reside in a single building, and the administrators provide communal cafeterias, meeting spaces, and conference rooms. Finally, the company can prioritize their connection speeds, giving their traffic precedence over other corporate communications. Acquiring even a single corporate building entails extreme upfront costs. For instance, many companies clamor for new types of workspaces that give them more options that can suit their tastes. What these two options share is that they can provide companies significant savings when it comes to obtaining workspaces. Multibillion enterprises such as Google and Amazon might afford these options, but the majority of businesses will struggle with these methods. By now, you understand why serviced offices and coworking spaces are all the rage in today's uncertain business world. However, common areas such as lounges and dining areas are public and cannot be customized. What do you think of when someone asks you to imagine the typical workplace? These changes in work procedures and agents translate to changes in the workplace, so companies who want to anticipate change should consider serviced offices and coworking venues. Coworking spaces make things simple for the companies that use their facilities. There are few, if any, spots that are isolated by barriers. Serviced offices have phones that they can assign to companies, practically giving them their numbers. When clients rent out serviced spaces, they have access to both public and private rooms. These types of agreements are useful for small, newly established startups who need to focus more on growth and profitability. In the past, access to a serviced office was reserved for companies with the extensive capital required to build, design, and furnish an office. To maintain their image of time-tested tradition while still reaping the benefits of flexible work locations, these companies might want to invest in serviced offices. This means you may have more freedom to discuss about internal company works in open areas like the pantry and lounge, or to dominate the use of meeting rooms for client meetings.
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