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General

Why Traditional Leases are Becoming a Thing of the Past

  • December 12, 2022

If you’ve run a small business through the challenges of the past few years and made it out the other side (congratulations!), you’re probably still navigating what to do about space and your team’s physical working situation in the short to long term…

Since the pandemic, coworking spaces have become a better option for many businesses and this is shown in the stats. But why?

Uncertain times call for maximum flexibility 

Do you like the sound of month-to-month no-lock-in contracts right now? Many of our coworkers join WOTSO for this very reason. We spoke to one of our coworkers, Aivee Robinson – Co-Founder of Catalyser and she realised that with so many unknowns it was a safer bet to have her team work in an environment like Wotso.

‘After Sydney’s first lockdown, I realised for Catalyser that the normal 12-month corporate lease was not going to give us the flexibility our growing business needed to manage costs during these uncertain times.’ 

Aivee did her research on alternative office models that would enable the company to stay nimble in the event of future lockdowns whilst also looking after the needs of her team.

‘I looked into every alternative, and WOTSO was the only serviced office/coworking space that had genuinely responded to business needs during the pandemic. Their flexi-pass option for my employees that didn’t want to come in regularly and their commitment to freeze memberships during future lockdowns showed me they were invested in long-term partnerships with their companies.’ 

Flexibility is what WOTSO is all about, and with no-lock-in contracts, you always know what to expect. 

Coworking spaces offer a more cost-effective option

With passes starting from $40 per day, there’s an option to suit every budget and situation. With monthly rates that are often much cheaper than leasing a commercial office space… There’s not much more to be said!

An inclusive and well-managed space

For Aivee, ‘Having our Space Leader Lydia and the team at WOTSO managing these ongoing requirements for us has been incredibly valuable and enabled us to focus on managing our business.’

Our spaces include modern, bright and welcoming office decor that makes it an attractive environment to work or bring clients. 

Other benefits include:

  • Shared furniture
  • Fully equipped kitchens 
  • Drinks and snacks
  • Wi-Fi
  • Printers
  • Soundproof rooms
  • And much more!

Amenities that are already up and running, take the pressure off and allow you to focus on business growth!

Varied locations and varied sizes

Coworking spaces are ideal for individuals and small teams, but WOTSO caters for all, with different size spaces to choose from depending on what you need. Turn-key offices & suites are available, and hot desks provide a great on-the-go alternative to working remotely.

Where traditional leases are probably more suitable for large to very large teams, co-working spaces are a great option for solo, small, to medium-sized businesses. Also with the amount of Wotso’s growing across the country – making it work for your needs locationally is, again, more possible with FlexSpaces. With a large variety of locations for you to choose from, convenience is guaranteed. 

Free monthly networking opportunities

At WOTSO, regular and casual networking events are a given. If you’ve ever been on a traditional lease, you may not be used to working so closely around other types of entrepreneurs and businesses. 

It’s a great bonus to have a consistent opportunity to meet people outside of your direct colleagues and industry; making way for potential collaboration and access to information and services in real time.

Professional relationships become friendships in relaxed environments like the ones provided at WOTSO WorkSpace. In addition to this, coworking is not just a way to get more work done; it is also a form of community building and reliable, consistent human connection. For those who are solo or working from home and feeling a bit isolated in their creations, renting a coworking desk can be a no-brainer for both productivity and a mood-boosting connection.

CBRE found that coworking space as a percentage of total office space nearly doubled from 1.1% in 2017 to 2.1% as of 2020. In that same report, 86% of respondents see flexible office space as a key component of their future real estate strategies.

The trend is here to stay – people want more flexibility, and WOTSO is making this a reality.

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