The best office space for you will depend on your situation and preferences. Here’s a rough guide to what you’ll be best suited to:
Coworking is your best bet as a freelancer. You’ll have access to all the facilities you need, plus you’ll get to hang out in a trendy office with lots of like-minded individuals. If you like a routine, and have lots of stuff, opt for a fixed desk. If you travel light, think about saving some cash with a ‘hotdesking’ option.
Are you a one-man band? As with freelancers, a coworking space is your best bet. Good coworking spaces will have an office manager who’ll take the time to introduce you to valuable contacts in the space. Some even have incubator and accelerator programmes. You’d struggle to find a more inspiring setup when you’re first starting out.
Coworking spaces can still work well when you have a couple of employees. Just be sure to go for a ‘fixed desk’ option so you can claim a corner of space as your own. As you grow, you might want to consider moving into a serviced office space. This means you can get a little more privacy and stability, whilst still keeping the flexibility to expand or up and leave if it isn’t working for you.
For bigger businesses that are planning to get even bigger, a serviced office still has its advantages. One fixed monthly fee, and the freedom to expand as you need are both appealing benefits.
When you reach a certain point - be that a number of employees, or a feeling of ‘business stability’ - you’ll want to upgrade to a managed office. This space will be completely yours, and tailored accordingly. It will often work out cheaper than renting a serviced office space, although you’ll have to commit to a longer contract.