Finding the perfect workspace for your business is always a priority. Whether you’re a startup, entrepreneur, or established corporation, striking a balance between a prime location, professional equipment and amenities and your budget can be challenging. Australia is no exception, especially in major cities such as Sydney, Melbourne and Brisbane where the commercial real estate market is highly competitive, it is hard to find a traditional office that checks all the boxes. This is why another type of workspace, serviced offices, have seen a rising demand in the past decade. Here are five reasons why more and more businesses are choosing serviced offices in Australia.
Flexibility of Lease Terms
For businesses that want to avoid long-term commitments, the flexibility of lease terms is one of the main advantages of selecting a serviced office. Nowadays, the business environment is constantly changing, investing in a traditional office for the long term can be risky. Serviced offices typically offer flexible short-term leases that can start as short as daily or be monthly, therefore, the initial setup cost is not as significant as those associated with a traditional office. Serviced office providers like Compass Offices also allow businesses to scale up or down within the same location as required, perfect for businesses with fluctuating staffing needs. They can move into bigger offices as the business expands, without having to commit from the start. This is even more important these days since hybrid workers being a trend, companies can save cost by having hybrid workers sharing work desks.
Cost-effectiveness
On the other hand, businesses that choose serviced offices over traditional offices recognise the cost-effective solutions they provide. Getting the best value from your investment is always a priority for a successful business, and while established businesses can afford to set up and maintain their own office amenities, many other businesses prefer fully furnished serviced offices that are ready to move in right away. In serviced offices, essential office equipment such as work desks, chairs and storage are provided in the dedicated office space, and other sharing amenities such as meeting rooms and boardrooms, receptions, kitchens, IT support and utilities are also included in the rental rates. This makes it easier for businesses to manage costs and allocate resources efficiently.
Fully Furnished and Professional Work Environment
Another reason for selecting a serviced office is the professional work environment. The convenience of having a fully equipped office simplifies the setup process and allows businesses to focus on their core operations, instead of purchasing equipment, finding utility providers and maintaining the facilities during the lease. Serviced offices are modern and well-designed, and the sophisticated work environment helps project a professional image to clients. Imagine when you are meeting your clients, there is a well-trained receptionist greeting them, meeting rooms are already set up with conferencing and presentation facilities as well as high-quality coffee and tea. Everything you need is within your reach. In addition, serviced offices provide businesses with their own dedicated and secured workspace – usually a lockable room with dedicated broadband internet or even Wi-Fi, ensuring their privacy and security are protected.
Location and Accessibility
One of the main concern when picking an office space is the proximity to potential clients and competitors. In Australia, most serviced offices are conveniently located in prime business districts in major cities such as Sydney, Melbourne and Brisbane. The metropolitan areas, including Circular Quay in Sydney and the CBD Hoddle Grid in Melbourne, are the most sought-after addresses in the country, attracting local and international businesses such as banks, insurance companies, retailers, among others. These commercial hubs have excellent accessibility with public transportation, and there are numerous amenities in the neighbourhood, from world-class hotels, restaurants and bars, shopping malls, to government offices and bureaus. Serviced offices provide a cost-effective workspace solution that allows businesses to enjoy the prestigious address and great amenities in the area.
Enhanced Business Support and Services
For many smaller businesses, it is the value-added services provided by serviced office providers that wins them over traditional offices. The administrative support, such as mail handling and phone answering service, can take the burden off their shoulders and allow businesses to spend more time on core operations. IT support is also essential in case of any issues. Additionally, serviced offices offer networking opportunities with like-minded individuals and businesses for future collaboration. All these benefits are hardly found in a traditional office environment.
Conclusion
Serviced offices have become a popular workspace option for businesses in Australia, thanks to their flexible lease terms and cost-effective workspace solutions. Their strategic locations in major Australian cities and professional setups also help businesses in building a professional image. Companies also have access to amenities and value-added services that allows them to focus on their core operations. If you are interested in a workspace solution that provides all of these benefits, contact a serviced office provider and learn more about how your business can benefit from it.
