As businesses provide more flexibility and mobility to their workers, office spaces are also being adapted to match new styles of work. The largest recurring expense for any business can be rented for office space and associated overheads. This is especially true for startups. Serviced office space and virtual offices are two different types of solutions that have emerged to meet the changing nature of work.

Virtual offices and serviced offices are options for leasing or buying office space, but they are quite different. Serviced offices are similar to traditional real-world offices, but are owned and managed by facility management companies. Virtual offices provide only a physical address and sometimes office facilities and technology but largely do business with workers who work from remote locations.

What is a virtual office?

Telecommuting and remote work is part of the reality of the new office, made possible by advances in Internet technology and the widespread availability of mobile devices. Businesses with telecommunications workers do not require a physical office space in which employees come to work. But sometimes they may require a physical address even at a reputed place. They may also have to schedule occasional conferences for meetings with employees or customers.

Virtual office space is ideal for employees who are technically savvy and able to work without onsite supervision. Virtual offices can also provide facilities such as online work platforms, phone services and administrative and conference support if needed. They can also provide video conferencing software for meetings. Virtual offices are also budget-friendly, which can be an important consideration for small businesses.

Virtual office space has many advantages for a business that does not require physical space. Workers can be located anywhere, meaning they can be hired across the country or even among the best talents. A virtual office is a 24-hour open office, allowing workers to schedule their time. It is not subject to the vagaries of weather or traffic and no matter what the condition outside, employees will be able to work and complete their work.

What is a serviced office space?

A serviced office is more like a traditional office space, a physical space with which employees travel each day for work. The major difference from a traditional five location is that the business does not own or lease the premises. The office and typically the entire building or office complex is managed by a management management company, which handles all property management issues. Serviced offices have become popular as they cut overheads and asset management functions, allowing employees to focus on the core mission of the business.

Serviced offices typically provide flexible leases, which can be rented for any period that is suitable for the business. They can also accommodate businesses that require office space for only a few months or for a few days each week. Serviced offices generally provide all the necessary facilities, including phones, computers, Internet services, fax machines, pantries, and break rooms for employees.

Serviced offices have many benefits for businesses,

especially if they are small or just getting started. Flexible lease terms make them a good option for businesses that have been newly established, or are looking for more permanent premises. They may also be suitable for businesses who wish to expand or establish a new branch office in another location.

What are the differences between virtual and serviced office space?
Both types of office space give businesses the flexibility to have only office space and the facilities they need, and to expand them as needed. There are also significant differences between the two, as they serve companies with different needs and missions.

Physical Location

Serviced offices have an office space, where employees travel to work each day. Virtual offices do not provide a physical workspace, but only an address and other facilities such as phone and fax numbers if necessary.

Worker’s location

In a serviced office, workers have to live within distance from the location. With a virtual office, workers can be located in the country or anywhere in the world.

Technical Skills
Virtual office workers must be skilled in using the latest technology, as they will use computers and the Internet for all their work. While these skills are useful for regular office goers and serviced offices, they are not always the most necessary.

Face to face meetings

Workers can never meet face to face in a virtual office. In contrast, in a serviced office, workers meet every day and work in the same physical location.

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