‘Coworking’. It is a term you no doubt would have heard in the business world – and for good reason. Also known as a ‘serviced office’, it is the revolutionary concept of renting a fully equipped office space for as long as you need it. As opposed to traditional office spaces, coworking in Sydney has leveled the playing field between small and large established businesses.
So, with all the hype surrounding it, what is so great about coworking spaces?
They are much more cost-efficient
Traditional office space will require a business to sign up to a lengthy and expensive contract for around four years at a time. These contracts can contain many hidden fees that can catch a business off-guard such as surprise building and maintenance fees, installation and configuration fees for office equipment and more. A coworking space instead provides short-term flexible leases. A business rents the office space on a month-to-month basis, with longer contract options available, and can simply ‘walk away’ once they no longer need the space.
They are fully serviced and equipped
Coworking spaces are fully equipped with all the professional facilities and amenities that a business needs to function and operate. A business can move in on day one and have instant access to features such as premium meeting rooms, modern kitchens, outdoor breakout areas, and business lounges. From the moment they walk into the building, they will have access to the fastest business-grade internet and IT infrastructure. Not only this but companies that offer coworking Sydney also provide on-site technical support available, ensuring that each business has all the support it needs.
Transparent pricing structures
As mentioned before, leasing traditional office space from a real estate can be riddled with hidden fees. Coworking spaces combat this with transparent pricing structures that are available on their websites. To ensure you aren’t getting slugged with hidden facility and furnishing costs, coworking spaces outline their pricing structure to ensure that you know exactly what you are paying for before committing. This also means a business can easily scale down or up depending on their requirements.
A major benefit for smaller businesses, as well as larger businesses, is that coworking spaces are fully equipped with a range of professional services. Apart from onsite technical support, they also provide businesses with access to professional reception services who can answer all their calls under their business name. There are also admin services, mail handling services, and cleaning services available.
More than just an office space
Coworking spaces are more than just ‘rented office spaces’. They provide a collaborative environment where like-minded professionals can work side-by-side. There are also monthly events held at the building such as workshops designed to help upskill staff, talks from industry professionals, social gathering events for networking and much more.
As you can see, there are many great things about coworking in Sydney that can benefit many businesses. Search online for a coworking space provider near you and start benefiting today.