Office Opportunities: Which Type of Office Space Is the Right Fit for Your Business?

Currently, businesses in New Zealand have more freedom and flexibility than at any other point in recent history. This is particularly true when it comes to environment. In Auckland alone, there is a long list of office rental options. It’s no longer a case of settling for a five-year lease and counting the days until it terminates.

Now, innovative vendors are turning corporate real estate on its head. Take Servcorp office space, for example. This respected brand offers everything from private, managed suites to remote offices designed for home-based businesses. It encourages companies to find a perfect match for their needs and routines, rather than going with what feels conventional.

Keep reading to learn more about the office options available in Auckland, Wellington, and the other big New Zealand cities.

Serviced Offices

The serviced workspace is the most conventional. As such, it has the most in common with traditional three to five-year leases. These offices are privately rented and used, as is customary. However, they have a very different payment and pricing structure.

With a serviced lease, you get all of the core utilities included in the quoted rental rate. Heating, lighting, cleaning, security, and general maintenance is covered by that single monthly fee. The rest is entirely up to you because serviced packages are fully customisable.

Coworking Spaces

Coworking environments are a little different because the physical workspace is not privately held. Instead, it is shared among all tenants and accessed on an independent basis. So, new members are given a passcode or key and permitted to visit whenever they choose.

The closest analogy would be something like a gym or a library. You pay for membership and everything contained in the site is available for use. There are a few exceptions, such as conference room access, which is usually hired for a small ‘one-off’ fee.’

Virtual Offices

Now, the virtual office is a step up from coworking spaces, in terms of mobility. It works in much the same way, but access is primarily remote based. Instead of making physical visits to the office, you pay to access a ‘virtual’ workspace, complete with all the same tools.

Think of it as being like a cloud version of the office, though a physical facility does exist. This is important because the staff at this building are your support network. They can manage phone lines, mailboxes, email accounts, and provide tech assistance.

Traditional Leases

You may still be interested in a traditional long-term lease, with a single private landlord. It is an arrangement that suits plenty of businesses, but do be aware of the downsides. For one thing, they are expensive to terminate. There may be heavy penalties for early departure.

In some cases, the tenant must continue paying for the lease until another is found to take their place. It is a costly affair and a common one because it’s not always possible to know where your business will be in three or four years. Think about this when making your choice.

Why Variety Is the Future of Corporate Real Estate

The business world is moving towards a place of increased customization and choice. The growing popularity of flexible vendors, particularly in New Zealand, is compelling evidence of this. Modern entrepreneurs want their workspaces to fit them and not the other way around.

So, expect to see a lot more bespoke deals, personalised packages, and unique arrangements. Don’t be afraid to get in on the action either. If you feel like a traditional lease is lacking in flexibility, consider one of the alternative options.

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