Australia’s many vibrant urban landscapes have some of the most sophisticated and eclectic business communities. At the same time, because it is the city, you might have trouble finding suitable, affordable office space that provides your business with the needed traffic. When searching, one of the easiest and most cost-effective ways is to go with a leasing company that can set up the place for you.

Of the many office plans leasing companies offer are virtual and the serviced office solutions. Both provide professionals and businesses with an affordable alternative to the conventional office leasing, which can add thousands of dollars to yearly overhead. Even though they share this similarity, the plans operate quite differently.

Let’s take a look at some of the differences between a virtual and serviced office, so you can make the right call for your business needs.

Logistics

The way the two plans work is slightly different. A serviced office is an actual space that is leased to a business. These offices typically come furnished and with all of the amenities that go along with running an office.

The virtual office differs in that businesses only lease the use of space. As opposed to leasing the entire office, businesses would lease conference rooms and meeting rooms on an as-needed basis. Compare Servcorp’s serviced offices and virtual offices by clicking onto http://www.servcorp.com.au/en/virtual-offices/ to learn how both plans work.

Uses

Businesses typically use a serviced office as a permanent workspace. Those who work in the office use it on a daily basis and belong to organizations that are comprised of more than ten employees, typically.

With a virtual office, employees might meet in the building once, twice or three times a week or month, so the amount of time the building is used is more infrequent to the serviced office. For this reason, those businesses whose employees work remotely find this format a little more appropriate for their businesses.

Cost

While both leasing options are more affordable options to conventional plans, the virtual office is much less inexpensive to the serviced office. For one, because your business does not spend every day in the building under a virtual office plan, you do not pay for a 30-day rental agreement.

In fact, many contracts require you pay much less for the use of private offices and meeting and conference rooms, in addition to other features. With the serviced office, your contract includes the use of the furnished office and the equipment that is shared by other offices on the floor.

Flexibility

Again, this is another factor where the serviced office and virtual office both offer flexible leasing options. However, the virtual office allows professionals a little more flexibility in moving about. This is significant for two reasons.

The first relates to the fact that the virtual office can move anywhere in the world. If you are leasing with most companies that have offices in international locations, you can pretty much set up a meeting in any location in the world without the added costs, as long as you stay within the limited confines of your contract. The serviced office allows you to use offices in other places as well, but you have to pay a fee to reserve space.

This feature works for the virtual office because it allows businesses to test markets and relocate to other locations quite easily. Because many leasing options allow for this type of mobility, the virtual office is a much better option for a business that needs the flexibility to move around without having to worry about relocating costs. Conversely, businesses can move around with the serviced office but not with quite as much ease.

Virtual Offices Versus Serviced Office

Not that one is better than the other, but each offers businesses benefits based on their needs. The virtual office is a cheaper and more flexible option to the serviced office, but the serviced office also has many benefits related to providing some of the most luxurious office space to businesses for a reasonable price.  

In the end, both are great options for those businesses looking for a prestigious location, and more importantly address, to operate their business.

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