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Coworking offices are very different to commercial offices. There are a whole host of reasons why one could be right for you and the other might not. We’re here to help you find the right solution for your business, so keep reading as we break down the costs, benefits and drawbacks of coworking vs commercial.
Cost Breakdown
The breakdown shows the approximate office costs for a business of 15 peopleCoworking
Commercial
Starting annual rent
Ready to move in to
Flexible with no lock-in
Fitted & furnished
+ EGP 1,239,600Internet & phone
+ EGP 20,660Power
+ EGP 103,300Building outgoings
Insurance
Cleaning & maintenance
+ EGP 165,280Business support
Total costs
EGP 3,346,920
One of the best things about coworking is the sense of community. Shared offices create a sociable, interactive atmosphere that’s great for productivity and employee satisfaction, plus they open up unparalleled networking and collaboration opportunities. Many businesses find conventional offices solitary and uninspiring in comparison.
There are very few conventional leases available in A-grade buildings and CBD locations in Australia’s major cities. Sharing office space, whether it’s a sublet, coworking or serviced office, can give you a prestigious business address, first-class environment and convenient location for a fraction of the conventional costs.
Locked into a Lease or Sublet?
If you’re a larger business with the ability to forecast your long-term growth, Leases and sublets are great for larger businesses that can forecast their growth, want complete control over the design and feel and have fewer budget limitations.
However, many businesses get a few months into their commercial lease or sublet and realise that it’s not working for them. This might be either a cost or a culture thing. Either way, Office Hub can help. We can rent out your extra desks or spaces to other businesses. Simple, secure and rewarding, renting your spare office space is a great way to feel the benefits of coworking in your own commercial lease.
Find out more about renting spare office space
If you’re a larger business with the ability to forecast your long-term growth, Leases and sublets are great for larger businesses that can forecast their growth, want complete control over the design and feel and have fewer budget limitations.
