Although much of the news around Melbourne lately has been about lowering house prices, office spaces in the city continue to be in high demand – and they’re priced as such.
With the growth of Melbourne’s coworking and flexible workspace options, businesses are no longer forced into long-term leases that essentially trap them in inflexible agreements that may prove to be more costly in the long-term.
There is a lot more to operating a business office than simply organising electricity to turn on the lights and arranging some desks.
Read more: How to Design the Right Workspace for Your Team
Save millions with flexible workspaces
By using CBRE’s industry calculator, a 10-person business looking to grow by 20% over the next 3 years will be looking to pay in the range of $1.7 million dollars to lease and fit-out their own office space over 3 years, which they may then outgrow in the near future.
Comparably, a flexible space such as a Hub Australia offers private office space from $750/month per desk, with the option to add on more or move to a larger office as they grow.
The same 10-person business with 20% growth will be set to pay an estimated $420,000 over the 3 years – a saving of over $1.2 million.
Both of these prices are inclusive of all bills and fit-outs, but flexible workspaces in Melbourne with Hub Australia also have added benefits.
Included in the total cost are regular professional and personal development events, networking, member happiness events to aid employee retention, exercise and rest spaces, meeting room use and the benefit of a hosted concierge desk – all included in the total cost.
Truly flexible workspaces in Melbourne
If you’re a part of a scaling or a growing business in Melbourne, what does your team look like over the next 24 months?
If you are planning on expanding or even reducing the size of your team during that time, being locked into an inflexible lease in Melbourne can lead to you either paying more than you need to for extra space or being unable to grow your business as you need because you do not have the space or resources to accommodate them.
Read more: Hub Parliament Station Set to Reach New Heights
Utilities and facilities without stress
Utilities are increasingly rising in price, especially at a corporate level. By organising private agreements with companies and suppliers, you potentially leave yourself open to surprisingly large usage and connection fees depending on your organisation’s size and needs.
This doesn’t include the extra hidden costs of maintenance and repairs, fitting out your workspace with desks and chairs, bringing in and keeping alive plants (proven to help your team’s happiness and productivity), and ensuring everything runs smoothly and every bill is paid on time.
Coworking for a better world
Coworking offers not only an all-inclusive cost per month that covers all utilities and fees, but it also allows you to make the most of ethical suppliers.
Hub Australia has committed to becoming 100% carbon neutral in the next 12 months, meaning every member benefits from more environmentally friendly electricity and energy usage without having to orchestrate it, seek certification, or pay the price individually.
As a certified B Corporation, Hub Australia works to have a positive impact on the environment through multiple touchpoints, working with suppliers such as Who Gives A Crap, Thankyou, and Cirka to help members receive quality services and amenities while minimising environmental harm.
Read more: Why a Flexible Workspace is Perfect for Growing Businesses Like Mobi2go
Flexible workspace communities
Choosing a flexible office space in Melbourne not only helps you when you need to scale your business – it also helps you join a local and national business community.
Hub Australia has three locations in Melbourne’s CBD – Hub Collins Street, Hub Southern Cross, and Hub Parliament Station.
With meeting room access included in every membership, and exclusive member discounts on premium meeting spaces such as the Hub Parliament Station boardroom or Southern Cross workshop space, businesses are able to impress clients, host their own events, and take advantage of every amenity included in a Hub Australia membership.
Flexible workspaces in Melbourne allow for greater flexibility, enjoyment of work, and creation of work-life balance with central locations.
They also make financial sense for every business owner and manager to not only ease their workload from the logistics and organisation involved in running an office but also pay one simple price to cover all operational expenses, premium amenities, and employee workspace benefits.
Hub Australia’s Melbourne locations offer flexible short and medium-term leases in stunning flexible workspaces, helping you impress your team and save money.
Talk to Hub Australia today to find the best flexible workspace solution for you and your team.