WeWork, Regus, & Spaces: Which Office Space Is Right for You?

How you present yourself is critical in business. Clients and customers evaluate your website, business card, and everything in between. In my previous role as a financial advisor, I created a virtual office through Regus in which I paid to use a commercial address for my website and business card. Mail handling came with the service, and I could rent a private/meeting room by the hour and on-demand to meet clients.

My needs as a digital nomad and online marketer are much different compared to my previous profession. For example, I don’t need mail handling services or a business address. However, I occasionally want to work outside of my home and interact with like-minded people in person (not only online). I recently spent an afternoon at a coworking space and the experience was excellent. I met a few ambitious individuals, and we had lunch together. It was a nice change of pace.

Perhaps you’re an entrepreneur, small business owner, self-employed professional, freelancer, global citizen, or frequent traveler. I’ve been all these things at one time or another. My experiences confirm that we have similar and different needs. We all need to make money, be productive, balance work and life, and so on. On the other hand, some of us must meet with clients while others seek to network. Some of us want to work in office environments whereas others want to work from home. Many of us want to replace working in hotels, hostels, libraries, and coffee shops with something else. In this post, I’ll cover some ideas and options to meet your goals.

Co-working, Office Spaces, & Workplaces

Co-working has spawned several new ways of working on top of those that had already existed. Many people thrive in co-working environments because of their numerous benefits including convenience, flexibility, community, networking, pay-as-you-go plans, memberships, and cost savings. The following terms outline the services and products associated with co-working and office space providers.

  • Co-working involves individuals working independently or collaboratively in a shared office space and communal setting. A co-working location will typically have different work arrangements such as a workstation to a private office. Co-working companies range from one office to multiple offices in a city, state, country, or countries.
  • serviced office is an office or office building that is fully equipped and managed by a facility management company, which then rents individual offices or floors to other companies. It often includes office furniture, equipment, utilities, internet, and lunchroom facilities. Also, the premise is maintained and cleaned by the facility management staff.
  • A virtual office is an office without a physical location, but with a business address and possibly a phone number.
  • A private office is a room for yourself or team.
  • A workstation, workspace, or “hot desk” is for one person to use. It can be shared, like working on a large table with others, or dedicated, for example, a cubicle.
  • Meeting and conference rooms facilitate meetings and conferences.
  • Call-answering services feature an onsite receptionist who will manage incoming phone calls for an individual or business.
  • Mail handling services feature the administration of incoming and outgoing mail for individuals and businesses.

Coworking

Global Companies

Office space and co-working companies operate in most cities around the world. An online search will reveal your options. However, there are only a handful of companies that operate globally including WeWork, Regus, and Spaces. These companies provide hundreds of locations for members to use locally and abroad. They offer the same services, benefits, and pricing across their networks for consistency.

WeWork

WeWork transforms buildings into beautiful, collaborative workspaces and provides infrastructure, services, events, and technology so their members can focus on doing what they love. WeWork offers a global network of serviced office space, community, and physical and virtual services to enable companies to grow. WeLive is WeWork’s fully-furnished apartment rental service. Rentals are available in NYC and DC. WeWork is present in more than 20 countries and 80 cities. Their membership base of 260,000+ individuals includes entrepreneurs, freelancers, startups, digital nomads, artists, small businesses, and companies.

  • Founded 2010
  • Modern and trendy office layouts
  • Co-working, virtual office, private office, dedicated and shared workspaces, and meeting rooms
  • 24/7 office access
  • Office equipment, furniture, supplies, internet, private phones, kitchen, and free refreshments included
  • Limited mail handling services: incoming mail and package support only
  • Call-answering services: no
  • Enterprise: WeWork will work with you to build and manage an office space.
  • Exclusive offers and discounts
  • Events and fitness classes

Regus

Regus is the world’s largest provider of flexible workspace solutions. Their network includes almost 3,000 business centers in 800+ cities across 100+ countries. Through their range of office formats, they enable individuals and companies to work where they want, when they want, and how they want at different price points. Regus is part of IWG, a multinational corporation that provides workspaces globally under different brands. Their customers include professionals, remote workers, entrepreneurs, freelancers, startups, and businesses of all sizes.

  • Founded 1989
  • Professional and classic office layouts
  • Co-working, virtual office, private office, dedicated and shared workspaces, and meeting rooms
  • Office equipment, furniture, supplies, internet, private phones, and kitchen
  • Pay separately for consumables, such as coffee, copies, and calls
  • Mail handling services: yes
  • Call-answering services: yes
  • Get admin support for tasks like mailing and photocopying
  • Access business lounges around the world
  • Exclusive offers and discounts
  • Regular community events and activities

Spaces

Spaces was built on the idea that success breeds more success. That’s why they’ve cultivated a community of members who are thinkers and achievers. They’ve made workspaces that suit your every need. Spaces has locations in 40+ countries and nearly 200 cities. IWG acquired them in 2015, and of the IWG brands, they compete directly with WeWork. Their customers include entrepreneurs, freelancers, startups, digital nomads, artists, small businesses, and companies.

  • Founded 2008
  • Modern and trendy office layouts
  • Co-working, virtual office, private office, dedicated and shared workspaces, and meeting rooms
  • 24/7 office access
  • Office equipment, furniture, supplies, internet, private phones, kitchen, and free coffee included
  • Catering packages
  • Mail handling services: yes
  • Call-answering services: no
  • Exclusive offers and discounts
  • Events and fitness classes

Airbnb

Maps 2Airbnb is a marketplace for people to list, discover, and book accommodations around the world. They connect hosts and guests in more than 33,000 cities and 192 countries. Airbnb is primarily known for short-term rental accommodations, but they do promote business travel and highlight solo and team travel, extended stay, relocation, and travel expense tools. Airbnb for Work now accounts for 15 percent of bookings.

As a writer and content creator, I prefer to work from home without distractions. I’ve been using Airbnb to book entire places (not private or shared accommodations) for myself the past few years. When searching for a home, I filter for Wi-Fi and inquire with the host about internet connectivity, reliability, and speed. I have had to purchase office chairs, which I’ve sold upon leaving and had to buy a desk once. Working in solitude is not for everyone and doesn’t come with the benefits of office space and co-working environments. That said, I don’t need a business address, mail handling, call-answering, and meeting rooms, so Airbnb is a good option for me.


Recap
WeWorkRegusSpaces
Offices in multiple countriesYesYesYes
Serviced officesYesYesYes
Co-workingYesYesYes
Virtual officeYesYesYes
Private officeYesYesYes
Dedicated and shared workspacesYesYesYes
Meeting and conference roomsYesYesYes
24/7 office accessYesNoYes
Mail handlingLimitedYesYes
Call-answeringNoYesNo
Exclusive offers and discountsYesYesYes
Events and fitness classesYesYesYes
Month-to-month pricingYesYesYes

Final Word

WeWork and Spaces are alike, and Regus raises the bar with mail handling and call-answering services, which professionals and businesses might want. Airbnb is a robust option for people who prefer to work from home while traveling or living abroad.

 

About this Post

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