Difference Between Virtual Office and Coworking Space - Which is right for you?

 

The Difference Between A Virtual Office and A Coworking Space

A virtual office is an office arrangement that exists primarily in the digital space while a coworking space involves a physical office arrangement.

In a coworking space arrangement, you pay to use the physical space of a flexible workspace provider for all day-to-day business. Such arrangements allow coworkers a certain level of flexibility and offer most of the essential amenities required for running a business. A coworking space offers all the perks of a traditional office but in this case, you share the office with other coworkers.

For a virtual space, you do not have a physical office to work in, but a monthly fee means you can access some important business amenities like a physical business address, mail and fax handling, call answering and reception services.

Virtual offices cheaper, for a good reason

Virtual office spaces cost less because the space can be rented out to multiple customers, whereas a coworking space needs to accommodate for daily use of the facilities they rent and thus limit the number of tenants.

Choosing the right solution

From experience, we found out that work-from-home consultants, freelancers and e-commerce operators who need telephone services and physical addresses for mailing and parcel receipt utilize virtual spaces the most. These entrepreneurs also utilize their service provider’s meeting rooms when the need arises.

Coworking spaces are utilized by freelancers, remote workers and startup founders who require physical space to carry out their day-to-day business but do not wish to pay huge sums of money for traditional office space.

Conclusion

After reading this post, you should have a better understanding on coworking space and virtual office so that you can make the decision about what works best for your business.

Looking for a virtual office or coworking space? At Welsy, we have the perfect solution for you.  Leave us a message or book an appointment with us for a guided office tour.