Serviced Office vs. Coworking Space

Whether you are an entrepreneur, freelancer, startup or SME, it’s important to decide where you plan to run your business. Finding the right office space to rent is very vital for running a successful business. Modern solutions for workspaces are different from traditional offices. Such solutions are flexible and deliver high-tech office environments. Two most popular office space options are serviced offices and coworking spaces. Understanding the difference between them is essential to choosing the perfect modern office space for your business.

Whats is a serviced office space

A serviced office is a fully furnished and ready-to-use physical space leased out by an operator/office provider. It is rented out as a pay-as-you-use office space. Companies can rent out a single room, section, or an entire floor depending on their requirement. As opposed to traditional offices, serviced offices offer transparent monthly all-inclusive fees without the hassle of long-term rental leases and hidden costs. Multiple companies may reside on a single floor while utilizing communal facilities, meeting spaces, and administrative support. Standard facilities in serviced offices include phones, high-speed internet connectivity, managed reception desks, kitchens, lounges, cleaning and maintenance services, meeting rooms equipped with high-tech quality equipment for audio/video conferencing, etc.

Examples of serviced office around Kuala lumpur can be found at iproperty.

Differences

Serviced Office

Coworking Space
Access to a prime business locationInclude options of short term lease
Lower rental costs than conventional office leasesUltimate Flexibility
Flexible short lease termsHighly social, creative, and collaborative space
Maintenance-freeLow costs and commitment options
Good administrative supportDon’t need privacy
Private meeting spacesNeed to book meeting rooms