It’s a debate that has emerged in recent times with the rapid evolution of coworking spaces in Pakistan. Which workspace is better, a serviced office or a coworking space? Let’s settle it once and for by exploring the difference between coworking spaces and serviced offices.
They are two modern forms of working spaces with their own perks and challenges. In this blog, we will provide you with a detailed analysis of the difference between coworking spaces and serviced offices in Pakistan. We will explore serviced offices in detail, their perks and drawbacks, and compare them to coworking spaces. This will allow us to provide you with a clear comparison between the two.
Also, see our blog on traditional offices vs. coworking spaces.
What are Serviced Offices?
Serviced offices are workspaces that are leased to you with appropriate furniture, technology, and other necessities. They offer you a private workspace alongside other businesses just like yours. In addition, they have modern architecture and a professional environment to keep you productive and block out any disturbances. These workspaces are designed for teams rather than individuals.
What Makes Serviced Offices Unique?
Several factors set serviced offices apart from other working spaces. As mentioned earlier, unlike traditional offices, they come with the right facilities that you require to run your daily operations. Some of these spaces may go so far as to provide you with a receptionist to welcome your clients and guests. In addition, the following are some of the unique features of serviced offices:
- Inclusion of the basics such as desks, chairs, and other office furniture.
- Supply of consistent electricity, high-speed internet, and phone lines.
- Shard facilities such as reception, conference rooms, and meeting rooms.
- Easy, scalable options to expand or downsize your business.
- Prime location that allows easy accessibility for all visitors.
- Quick setups to help you adjust without much disturbance to your operations.
3 Drawbacks of Serviced Offices
Serviced offices are ready-to-use and facilitate small businesses but they also have some drawbacks.
1. They are Expensive
Serviced offices are very accommodating with ready-to-use spaces, but they can cost you a lot. They are designed for teams and small businesses that prioritize comfort over price. If you are willing to pay extra to enhance your comfort, then you can go for a serviced office.
2. Additional Services Cost you Extra
But wait, that’s not all. You will have to pay extra if you are looking for extra services. There will be some basic services that will be provided to each office, but if you require something special, you will have to pay out of pocket. In addition, most serviced offices charge you utility bills monthly.
3. Long-Term Lease Contracts
Although serviced offices offer flexible leasing contracts compared to conventional offices, they are still not flexible enough. In a traditional office, you might be stuck for a year or so, while in a serviced office, you will be stuck for at least a month, if not a quarter. Make sure you have a stable business before opting for a serviced office.
Now, let’s have a look at the difference between coworking spaces and serviced offices by exploring the former.
What are Coworking Spaces?
Coworking spaces are shared working environments that allow you to choose from various options. These include renting a desk in a shared space, hot desking, renting an office, or a personalized workspace. The flexibility of coworking spaces allows you to sign a contract for as little as a day, so you are not bound by any expensive contract.
Following are some of the features that make coworking spaces the best workspaces:
- They provide countless services to all members.
- You can choose between various workspace options.
- Availability of on-site staff to cater to your needs.
- Your workspace is maintained by a team of staff.
- 24/7 security that does not cost you extra.
Click here to learn about the 25 exclusive services that we offer our members.
Why Coworking Spaces are a Better Option?
The difference between coworking spaces and serviced offices shows that there are several reasons why you should prefer the former over the latter. A few reasons have been listed below:
- Coworking spaces provide flexible leasing contracts compared to serviced offices.
- Coworking spaces do not cost you extra for utilities and services.
- Coworking spaces come with a staff team to maintain the work environment.
The Bottom Line
In this blog, we looked at the difference between coworking spaces and serviced offices. Our analysis shows that although serviced offices are better compared to traditional offices, they still have major drawbacks. They facilitate comfort but are highly expensive with relatively rigid leasing contracts.
On the other hand, coworking spaces provide you with numerous services and flexible options. In addition, they reduce your overall costs by providing shared facilities, which are included in the package. Therefore, it is always better to opt for a coworking space than a serviced office.
We at TheWing.pk provide you with the best coworking space in Islamabad. Our packages are highly affordable for individuals and small businesses. Book a free visit to TheWing.pk or become a member now!