Exploring the Concept of Space-as-a-Service and Its Impact on Businesses
Redefining workplaces, landlords, and user experiences in the evolving business landscape
The Evolution of Workspaces: From Pandemic Shift to Hybrid Solutions
With hindsight, we can see the pandemic as an unintentional workplace experiment that catalyzed the future of flexible work entirely. Businesses were confronted with the challenge of managing remote teams which prompted leaders to reevaluate their workspace requirements from the ground up.
A Paradigm Not So New, Yet Increasingly Relevant
While the concept of coworking might not be novel, its significance has accelerated over the past half-decade. The shift in demand within the commercial real estate sector has steered it away from conventional leasing structures. And in response, commercial landlords and property developers have embraced the coworking model, which offers unparalleled flexibility, top-tier amenities, and sustainably focused design.
Established players in the coworking and serviced office domain have already made their mark. Companies like Servcorp (founded in 1978), Regus (established in 1989), WeWork (founded in 2010), and Industrious (launched in 2013) have firmly solidified their presence. This trend is exemplified across the board, with over 170,000 square meters of Flexible Office Space available for rent from more than 100 Coworking Operators throughout Australia.
Decoding Space-as-a-Service: A Shift in Real Estate Dynamics
As defined by Google:
Space-as-a-service (SPaaS) signifies a fundamental change in how the commercial real estate industry delivers products and services to tenants, transforming commercial landlords from mere rent collectors into service providers.
Meeting the Shifting Demand: Reimagining Workspaces
In the realm of flexible office brokerage, numerous businesses transitioning from long-term leases have opted for coworking spaces. Their primary criteria include:
- Short-term leases spanning 3, 6, or 12 months
- Flexibility to scale the office size as needed
- Cost-effectiveness
- Satellite offices catering to geographically dispersed staff
- Ready-to-use office setups
The Impact on Supply
The concept of Space-as-a-Service triggers several transformative effects:
- Landlords evolve from rent-centric figures to providers of comprehensive services
- Physical spaces evolve into 'smart' entities powered by future-focussed design and architecture
- Property Managers take on a more vital role as they curate and orchestrate the user experience
- Delivering an exceptional user experience hinges on the synergy between data, cutting-edge technology, and genuine human interaction.
In Conclusion
The Space-as-a-Service revolution is reshaping how businesses view and utilize commercial real estate. The pandemic may have acted as a catalyst, but the drive toward flexible, user-centric workspaces is now a definitive trend.
As commercial landlords transition into service providers and physical spaces evolve into smart environments, the synergy between technology, data, and human interaction becomes paramount. In this landscape, Property Managers emerge as crucial orchestrators of the user experience, cementing the shift towards a more flexible and dynamic future of work.
Find a Flexible Office Today
Search in Sydney
11 Person Private Office with 4-pax Meeting Room and City Views
225 George Street Sydney
Private Office for up to 32 People with Spacious Internal Office
6, 11 York Street Sydney
23 Person External Private Office in Sydney with Internal Meeting Room
10 Carrington Street Sydney
338sqm Self Contained Private Suite with 15 Desks + 5 Offices + 3 Meeting Rooms and Kitchen
Level 21, 259 George Street Sydney
13 Person Private Office with 4 Pax Meeting Room and City Views
Level 17, Angel Place, 123 Pitt Street Sydney
External Private Office for up to 20 People
175 Pitt Street Sydney
Search in Melbourne
External Private Office for up to 17 Desks plus Dedicated Meeting Room
5, 276 Flinders Street Melbourne
External Private Office for up to 15 People
88 Jolimont Street East Melbourne
Private Office for up to 10 People
11 Wilson Street South Yarra
Private 12 Person External Office
459 Church Street Richmond
10 Person Window Office
696 Bourke Street Melbourne
Stunning 15 Desk Office with Dedicated Meeting Room
7.02, 454 Collins Street Melbourne
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External Private Riverfront office for up to 14 Desks (including 2 Separate Manger's Offices) people
167 Eagle Street Brisbane
Private Office for up to 14 People
310 Edward Street Brisbane
16 Person External Private Office
200 Adelaide Street Brisbane
External Private Office for up to 28 People
260 Queen Street Brisbane
10 Person Internal Private Office
200 Adelaide Street Brisbane
External Private Office for up to 16 People (Including internal Manger's Office)
260 Queen Street Brisbane
Search in Perth
Private Offices for 12 people - External
Level 17, 2 The Esplanade Perth
External Private Office for up to 12 People | Opening April 2025
9 The Esplanade Perth
External Private Office for up to 11 People | Opening April 2025
9 The Esplanade Perth
Interconnecting External Private Office for up to 12 People
300 Murray Street Level 2 East The Wentworth Building Perth
Private Office for up to 12 People
143 Saint Georges Terrace Perth
Search in Adelaide
10 Person Serviced Office
Wotso Adelaide, 217 Flinders Street Adelaide
External Private Office for up to 10 People
89 Pirie Street Adelaide
10 Person Private Suite
12 Pirie Street Adelaide
19 Person Window Office
12 Pirie Street Adelaide
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