Serviced vs. Coworking Spaces: Making the Right Choice for Your Business

If you are not an employee of a company; If you work for yourself, are an entrepreneur, have a small business, or are a freelancer who does not prefer a home environment to work, office expenses are a significant expense. However, It is an important area of expenditure for you and your team's happiness, productivity, creativity and, of course, to impress your customers, business partners and guests. In this regard, there are two popular options: serviced offices and coworking spaces.

COST

Budget management is critical and requires meticulous planning. There are various factors when renting office space; like the location, the services offered, other resident companies, and choose the most optimum one.

In this regard, coworking spaces are an economically good option for small businesses or freelancers rather than keeping an office on a residence floor. Coworking space offers people a shared desk for around $350; we can say that the table also offers networking opportunities, events, various services and the opportunity to socialize. Serviced offices offer higher prices; fees can range from $300 to $1,500 per month per individual. Cleaning, reception, maintenance, and other basic functions are the conveniences offered with the table. When deciding between coworking and serviced offices, the determining factor will be the requirements, the budget you allocate, the preferred support and convenience scheme.

PRIVACY

Confidentiality is of great importance, especially for companies that have sensitive customers or that are confidential by the nature of their business. Serviced offices are the best option for a suitable working environment when a private and safe place is required. With this layout, you benefit from exclusive access to private meeting rooms and offices and are assured of the highest level of privacy during important conversations. Additionally, advanced measures such as closed-circuit cameras and 24/7 surveillance ensure that the work area always remains safe.

In contrast, coworking offices follow a more standard security protocol than serviced offices. Serviced offices' dedicated staff and advanced security protocols play a vital role in ensuring the privacy and protection of your sensitive information.

AMENITIES

A range of facilities are offered to maximize the working experience and make the working environment more enjoyable. For example, fully equipped kitchens, snacks, high-speed internet connection, comfortable reception and guest reception areas, state-of-the-art meeting rooms and playgrounds can be shown. However, the framework of these opportunities may vary between serviced offices and co-working spaces.

Co-working spaces actually focus on making the work environment impressive and enjoyable by offering additional facilities. It offers options to spend time when you take a break from work; on-site gyms, sleeping areas, table tennis, table football, artisan coffee... In this way, it fosters belonging by building a strong sense of community with other members by enabling members to interact with each other, exchange ideas and establish potential business partnerships,

Serviced offices, on the other hand, offer more private and sophisticated facilities and focus more on the quality of the work. Access to premium gyms, agreements with private dining areas for client meetings or corporate events, hassle-free management, security and service assurance, and hands-on professionals to ensure it all. In this way, it plays an important role as a strategic business partner in customers' business growth and professional journeys.

CONCLUSION

As can be understood from the range of services it offers, the general environment is different in each office. Co-working spaces encourage more social, relaxed dialogue, fostering creativity and boosting collaboration and business development.

Serviced offices, on the other hand, design environments that encourage professional communication, institutionalism and focus. It sets the stage for a busy workday, provides less social interaction and has a more business-oriented texture.

After determining your needs due to the nature and system of your business, you should evaluate the option that is right for you.

Lastly, we would love to welcome you at our Hermosa Beach, Manhattan Beach and El Segundo offices.

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