Co-Working Space / Serviced Offices

Sometimes the difference can be quite subtle and most Shared Office Space operators offer both types of arrangement.

For Serviced Offices, tenants will be offered a dedicated office for their exclusive use, with a certain number of fixed workstations. All other facilities are shared such as reception, meeting rooms, utility area, pantry etc.

Co-working Space leans more towards flexible hot-desking. Often a tenant can request a hybrid solution, with a smaller dedicated office plus a number of hot-desks nearby. So, the overall design for co-working operations is usually more open plan, but the costs of dedicated desks are usually similar.

Whether your company is small or big, a serviced office will get you established quickly and easily. A serviced office gives you the flexibility and support you need to grow, without the costs & commitment of a traditional office space. If your team works in-office or you have adopted a hybrid workstyle, a serviced office gives you the best of both worlds.

The perfect solution for businesses that are:

Co-Working Space

The traditional perception is that those who rent co-working space are often a) new start-ups with staff strength of 2-4 people or b) millennials working on flexible hours, looking at shared office space to work alongside likeminded people. The third category c) is multinational companies who have special projects for 6 months and didn’t want to commit to rent offices on a standard 3 years contract.

The Hybrid Solution

Whilst much of the above is true, it does seem the co-working concept is gaining traction with larger conventional office space users, for a variety of reasons. In some cases, the difference between serviced offices for rent and self-contained co-working space is quite a ‘grey area’.

Typical Costs

$400 - $600 per month. Average cost of a hot desk for co-working space
Monthly basis

$700 - $1,100 per month. Average cost of a dedicated desk for serviced offices
Typical Lease Term 3-12 Months