Market Insights: Australia's Flexible Office Space Market Report - Q3 2024
From the all-inclusive amenities, workspace locations, and office facilities we break down the differences between Servcorp Australia and Spaces
Updated: July 10, 2024
Thanks to the rise of serviced offices and coworking spaces, teams of all sizes have more flexibility than ever before when it comes to space. The transition from a traditional leased office to one of these flexible spaces can be exciting, but you'll need to think critically about your options before making a decision. For example:
These questions provide a starting point, but it's also important to browse the facilities available and compare available membership options, features, and styles.
To start the process, here’s a basic breakdown of two highly regarded serviced office and coworking providers in the Australian market — Servcorp and Spaces.
Founded in Sydney in 1978, Servcorp was one of the first providers in the shared office and coworking space. Servcorp now boasts more than 150 locations in 22 countries and remains committed to providing top-quality facilities, technology, and working communities in high-profile locations.
Servcorp is particularly proud of its IT infrastructure, which it promotes as “equivalent to large multinational corporations.” Its native ISP offers 99.99% uptime and supports any internet configuration. Servcorp also boasts high-speed wireless access and advanced voice infrastructure with global phone number portability.
Servcorp offers a variety of serviced offices and coworking solutions, including:
All membership types include full secretarial and IT support, voicemail to email, and meeting room access. Servcorp's global reach means that members can book space nearby or farther afield, all from one centralized platform.
Servcorp is all about helping its members present a polished, professional image. Their flexible office solutions are located in some of the world’s most in-demand locations, and members can opt to list Servcorp’s address as their business address. Members can meet and greet their clients in some of Australia's best A-grade buildings in the market.
Median Office Rate Per Person | $800 |
Median Coworking Desk Rate | $265 |
Flex Floorspace Available (sqm) | 4,600 |
Available Desk Capacity | 936 |
See the full range of available Servcorp offices.
A global coworking and serviced offices provider, Spaces has nine office spaces in Australia, including its newest location Two MQ in Melbourne’s business district. All Spaces locations are built to meet the needs of today's professionals. Here's what you can expect:
Spaces is proud to serve innovative, forward-thinking professionals and companies of all sizes. Its location designs emphasize creativity and collaboration, while its European-inspired Business Center and networking events encourage members to build their connections and grow their ventures. Known for creating collaborative breakout spaces with soft furnishings, meeting room tables for casual conversations, and impressive onsite cafes.
Spaces understand that every workspace needs variety, and it has designed its membership accordingly. Members can access modern and luxuriously designed end-of-trip facilities (as well as the lockers). Plus, with extra amenities like personal lockers, members can feel at home and ready to do their best work. Spaces private and secure spaces are accessible 24/7, and coworking spaces are open during business hours. There’s also the option to book a meeting room in advance or tuck into a phone booth spontaneously when the need arises.
Spaces designed its offices to help people do their best work. A wide variety of options are available, from empty spaces that members can customize to fully serviced and furnished locations. Contracts are flexible, allowing members to choose different options as their businesses grow. Plus, with extra amenities like personal lockers, members can feel at home and ready to do their best work.
Median Office Rate Per Person | $688 |
Median Coworking Desk Rate | $550 |
Flex Floorspace Available (sqm) | 2,170 |
Available Desk Capacity | 631 |
See the full range of available Spaces offices.
We look at a number of factors to help you compare these two serviced office operators and find the best office for your business.
Servcorp | Spaces | |
---|---|---|
The Skinny | Servcorp's focus is on providing business solutions to help businesses of all sizes save time and money, allowing vital portability and flexibility to do business anywhere, any time. | Spaces offer luxurious working environments with a unique entrepreneurial spirit. With 13 modern locations across Australia, Spaces strives to create unique communities within each centre. |
Prices | $$$$$ | $$$$$ |
Style | Traditional, corporate office layout | Luxurious, highly customisable layout |
Vibe | Professional, corporate, privacy-focused | Creative, vibrant, professional |
Space | Fully serviced prestigious offices, Part-time or full-time serviced office space, Virtual Offices, Coworking memberships, and Meeting rooms. | Private Offices, Coworking membership, Dedicated desks, Virtual Office, Meeting Rooms. |
Best for: | Those who need a corporate environment and atmosphere that promotes a distinct and professional image. | Those seeking an energetic community of positive and open-minded business thinkers who love to meet new people. |
Locations | 22 premium Serviced Office Locations across Sydney, Melbourne, Brisbane, Perth, Adelaide. In CBDs as well as key suburbs such as Paramatta, Macquarie Park, Bondi Junction, Norwest. | 15 Modern locations across Sydney, Surry Hills, Melbourne, Richmond, Brisbane, Perth. |
Available Offices at Rubberdesk | 141 | 87 |
Desks | 936 | 631 |
Meeting Rooms | 200 | 23 |
Virtual Offices | 5-star address, local phone number, dedicated receptionist and access to our IT infrastructure and Coworking spaces in 150+ locations worldwide. | Business address, mail handling, telephone answering, access to a global network of business lounges. |
Amenities | Desk, chair & secure storage Tier 1 fibre optic cabled internet with 99.99% uptime Photocopiers Cisco IP Phones Meeting Rooms Fast, Secure Internet Coffee, Twinings Tea Secretarial Support Bilingual Receptionists Phone Handling Mail Forwarding In-house IT Support Online Booking Management Frosted glass for privacy Mail and courier management Community network events |
Dedicated business telephone, number & line per person Dedicated Business Address Mail handling (Mail and parcels delivered to your desk daily Internet connection with uncapped data per person (shared bandwidth) Air conditioned Furniture Printers Monthly Centre Events Dedicated business address with mail handling meeting rooms and boardrooms |
Access & Security | 24/7 Access Lift access Wheelchair access Code Access |
24/7 Access to your office, 24/7 Security (security may vary by centre) Lift Access Setup - Keys, access cards |
Facilities | Bike Racks Coworking and Breakout Areas Coffee Machine Fridge Private Eating Area White Boards & Dry Ease Markers Furniture & Equipment Outdoor Space Fridge Outdoor space Private bathroom |
Breakout space Access to meeting rooms Coffee Machine Fridge Outdoor space Shared kitchen Private bathroom Private showers Private eating area Private shower Shared kitchen Meeting rooms All facilities management & outgoing costs including electricity & water |
Extras | 5 days Office/Lounge usage per month at any Servcorp location
worldwide. Trained IT Team – 100 strong on standby, just dial *1 on your phone. Free calls to any Servcorp destination. Receive a phone number instantly in any global location |
Enjoy complimentary access to 3600 business lounges, including airport lounges worldwide as each occupant will receive a Businessworld Gold Membership Free access to 50 Million Wi-Fi hotspots globally Ability to transfer your liability to any of the IWG locations globally ability to upgrade and expand into project offices at any stage during your agreement term |
Privacy | Servcorp's private offices feature frosted glass entrances to ensure privacy, natural light, and a more open feel Coworking desks seating with privacy panel |
Spaces private offices are highly customisable to suit your business' privacy needs Confidential calls can be taken in private phone booths |
Customers | Lyft, Morgan Stanley, J.P. Morgan | AT&T, Google, Toshiba |
Google Star Rating | 4.6 | 4.7 |
Author: Tom Petryshen, VP Growth & Analytics, Rubberdesk
The cost to rent a coworking desk at Servcorp & Spaces varies by location with Servcorp having a median rate of $265 for a dedicated desk while a coworking desk at Spaces (owned by IWG) has a median rate $550 per month.
The median cost to rent a one person private office at Spaces starts at $688 per desk compared to $800 per desk at Servcorp though costs may be lower in areas outside the CBD.
As specialist brokers in the flexible office market, Rubberdesk is across all the options, offers and availability. We have real time pricing for thousands of spaces listed by hundreds of providers to help find your next office.
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