These days, there are so many office options available that it can be hard to pick with any certainty. Thirty years ago, there was just one choice. Every business needed a long hold lease. If they didn’t have much cash, it could end up being on the outskirts of the city, far from the action. Now, however, entrepreneurs in the Philippines have a lot more freedom.
There are virtual vendors giving businesses the opportunity to dispense with physical rentals altogether. There are coworking spaces, incubators, startup accelerators, and serviced offices. In fact, Servcorp offers virtual offices and serviced offices in Manila for companies that want a more flexible arrangement. They are a great alternative to long hold leasing.
The Rise of Flexible Workspaces
In big cities like Manila, the popularity of both virtual and serviced offices has increased exponentially. This is because they’re offering businesses something different. For one thing, these vendors don’t deal in rigid clauses. Tenants can stay for as little or as long as preferred.
While the two options share some similarities, mostly relating to the type of resources available, they are different. Virtual offices won’t necessarily be suitable for the same clients who use serviced facilities, and vice versa.
Lots of Support with Serviced Solutions
Serviced offices are, in purely practical terms, the same as traditional leases. Insofar as tenants pay a monthly fee to rent a private workspace. They differ because serviced spaces cover everything from the office space to its heating, lighting, cleaning, and other utilities.
They are ‘ready to go’ packages. Suites are fully furnished and immediately usable. Plus, there’s a team of onsite staff ready to meet your every need. If a light bulb breaks, they’ll replace it. If a toilet malfunctions, they’ll fix it. Serviced tenants pay to be looked after.
Flexible Terms with Virtual Offices
Virtual offices are very different because they don’t include any physical space. They work via a remote model, which means that all resources are accessed online. Or, when it comes to things like phone lines and mailboxes, tenants can call and ask for updates.
The goal is to support businesses that want to retain home operations. They can enjoy all of the same perks as a private office might bring, but there’s no pressure to upgrade. As the resources are ‘virtual,’ usage fees are low. This makes top spots in Manila very affordable.
Picking the Right Option
There are rules for who can use either of these office options. However, they tend to suit specific types of business. If you work solo, as a freelancer or independent contractor, a virtual workspace could be perfect. If you have a team to lead, consider serviced space.
That is if you’re keen to rent a private suite. Small teams can operate successfully without a dedicated office, but employees must be disciplined and reliable. You’ve got to create your own structure, in lieu of the constancy of a full-time workspace.
The Common Denominators
Serviced and virtual offices tend to offer very similar tools and resources. They just differ in the way that tenants access them. When considering workspaces in central Manila, prioritise vendors with dedicated phone lines, mailboxes, and high-speed internet.
It’s also a good idea to look for a facility with conference rooms. Many providers rent these out for a small fee so that tenants only pay for time spent. It’s a handy way to control expenses and make sure you’re not losing money on a resource you only need occasionally.