Market Insights: Australia's Flexible Office Space Market Report - Q3 2024
Comparing Servcorp and WeWork: Exploring Office Atmosphere, Amenities, and Member Benefits
Updated: October 1, 2023
Using a number of criteria including facilities, value for money, experience, amenities, and more, here's the skinny on two of the most prominent coworking operators in Australia: Servcorp and WeWork.
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 further 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 offices available at Servcorp.
Founded over a decade ago in New York by Miguel McKelvey and Adam Neuman, Wework has since become a massive global entity. It has a whopping 800 locations around the world, including 20 premium serviced offices spread out across Sydney, Melbourne, Brisbane, and Perth. Overall, it manages over 4 million square meters.
Initially, the company aimed to create flexible shared workspaces for entrepreneurs, specifically those in the field of technology. Over the years, WeWork has held fast to its vision of creating environments where people from various industries can join forces to do their best work. WeWork casts a wide net these days, but it still caters best to startups, freelancers, and businesses of all sizes with some WeWork locations having entire floors available for larger companies.
The company is perhaps best known for its particular aesthetic, which includes innovative architecture, modern layouts, and trendy common spaces. Many offices have glass walls, which is great for creating a communal feel. The end result infuses its coworking spaces with a casual coffee shop vibe. In fact, micro-roasted coffee, tea, and fruit water are free to patrons at every location — and some of them even offer beer on the house.
All of WeWork's facilities allow 24/7 coded access, and in the COVID-19 era, buildings have been further enhanced to increase sanitization, improve airflow, and make physical distancing easier.
Median Office Rate Per Person | $646 |
Median Coworking Desk Rate | $244 |
Flex Floorspace Available (sqm) | 12,490 |
Available Desk Capacity | 2,956 |
See the full range of available offices at WeWork.
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 | WeWork | |
---|---|---|
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. | WeWork has fast become one of the largest coworking platforms in the world. Known for its inspiring and innovative architectural designs, premium office space and global services, WeWork has effectively created a community that reaches a worldwide audience. |
Prices | $$$$$ | $$$$ |
Style | Traditional, corporate office layout | Modern and trendy office layouts |
Vibe | Professional, corporate, privacy-focused | Casual, relaxed & community driven |
Space | Fully serviced prestigious offices, Part-time or full-time serviced office space, Virtual Offices, Coworking memberships, and Meeting rooms. | Dedicated desks, Co-working memberships (WeWork All Access), Private offices, Suites, Enterprise Suites, Entire floors with private meeting rooms |
Best for: | Those who need a corporate environment and atmosphere that promotes a distinct and professional image. | Startups, Freelancers, Small businesses, Enterprise clients looking for a private floor, and those traveling interstate |
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 premium centres located across Sydney, Melbourne, Brisbane, North Sydney, Perth, Brisbane, Pyrmont, Bowen Hills, Northbridge |
Available Offices on Rubberdesk | 141 | 170 |
Available Desks on Rubberdesk | 936 | 2,956 |
Meeting Rooms | 200 | 200 |
Virtual Offices | 5-star address, local phone number, dedicated receptionist, and access to our IT infrastructure and Coworking spaces in 150+ locations worldwide. | N/A |
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 |
Turnkey Office Space Open desk & Private office Layouts Desks & office chairs Filing cabinets Lighting Privacy vinyl Air conditioned Reception desk with meet and greet Unlimited WIFI Printers & copiers Paper & pens Paper Shredding Incoming & outgoing mail service Mail & package, notification, sorting & delivery Unlimited tea & coffee Community network events |
Access & Security | 24/7 Access Lift access Wheelchair access Code Access | Keycard Activation / Deactivation with 24/7 Access Guest Management / Keycard Access Security Guards & Video Surveillance Fire & Safety Personnel Lift Access Private parking (by location) Wheelchair access |
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 |
Conference Rooms Meeting Booths & Nooks Phone Booths Classrooms A/V Capability White Boards & Dry Ease Markers Furniture & Equipment Coffee machine Fridge Outdoor space Private bathroom Private eating area Private shower Shared kitchen Private showers (End of Trip) |
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 |
Additional fees apply for conference/meeting rooms beyond monthly available credits |
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 |
Many offices have glass walls though frosting is available for those businesses with privacy concerns |
Customers | Lyft, Morgan Stanley, J.P. Morgan | Slack, Puma, KPMG |
Average Google Star Rating | 4.6 | 4.7 |
Author: Tom Petryshen, VP Growth & Analytics, Rubberdesk
The median price to rent a coworking desk at WeWork & Servcorp varies by location with WeWork at $244 per desk per month while a coworking desk at Servcorp is $280 per month as of October 1, 2023.
The median cost to rent a desk in a private office at Servcorp is $893 per desk compared to $684 per desk at WeWork as of October 1, 2023.
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