Living Workspace

Why does a Serviced Office cost so much? Or is there a way to reduce the cost?

Why does a Serviced Office cost so much? It may be easy to draw the conclusion that a Serviced Office is expensive, when the rented floor area is compared to the advertised commercial lease cost of a larger office space. However, it must be remembered that a commercial lease usual commitment is 3 years (occasionally 1 year may be possible), plus there are legal costs and outgoings typically to be paid. A Serviced Office can usually be rented on a one month notice basis, greatly reducing financial risk. Plus the benefits of common facilities (Meeting Room, Kitchen , Internet, Parking), which may all be included.  Not to forget the benefit of a busiess address of suitably professional standing.   As a means to reduce cost, a serviced office provider may be open to two businesses sharing a serviced office (either the space, or days in the week), provided one of the businesses takes on the contractual responsibility. Living Workspace has the flexibility to consider options of this type.  Please feel free to discuss these options or others, with us.

Managing Risk for Better Business

A key objective of a Business Centre like Living Workspace must be to provide business owners and executives with options to minimise risk, where risk can have many dimensions.  Such dimensions might include threatening financial reserves, through excessive expenditure on non revenue producing activities (eg office accommodation) or long duration financial commitment contracts, where circumstances may change well before the contract term expires.   Another may flow from over allocation of time to non revenue producing activities, rather than core business activies –  an opportunity cost of time and effort not spent productively.  Hence the potential benefit of utilising a Business Centre to provide office or meeting room facilities only when actually needed.   Or perhaps making do with a Virtual Office facility for business address registration.   A Virtual Office address may even enable a more prestigious address for the business than would otherwise be financially sensible.   A little time devoted to risk minimisation may be smart business.

Leasing a serviced office versus renting your own office

Leasing a serviced office versus renting your own office

Moving out of the home office or expanding your business can make the decision of leasing office space or a serviced office a challenging one. 

For the small to medium business owner, running a business and looking for appropriate office space can be a time consuming exercise. Factors to consider when you are ready to move out of your home office or set up your own office include:

  • Researching and viewing appropriate office space
  • Liasing with real estate agents
  • Negotiating lease terms
  • Setting up your new office space
  • Researching and contacting phone and internet providers 
  • Sourcing/organising your IT infrastructure
  • Sourcing/organising office furniture
  • Reviewing energy providers/connecting electricity 
  • Maintenance charges – air conditioning etc
  • Cleaning costs
  • Cost and maintenance of kitchen utilities – water cooler, coffee machine, fridge, microwave etc

Budget for expenses and outgoings for a traditional 2 – 3 year lease term office. Add the two month’s rent bond payment, solicitor’s fees to review the lease contract and costs associated with employing staff.

Inspect the facilities and take into account the above factors and if it is the right fit for you. Depending on the stage of your business, being locked into a long term lease contract or not having the flexibility to grow or contract when you lease the space directly can make the decision of leasing a serviced office an easy one. Serviced offices are becoming increasingly popular due to their professional corporate image, convenience factor and fixed pricing structure. 

 The good news is that a corporate style serviced office can offer an attractive and productive work environment, with a sense of community and that familiar corporate ‘vibe’ while providing a cost effective solution for the short term and possibly long term when your business needs change.

How will a Virtual office help my business?

How will a Virtual office help my business?

Many home based businesses are seeing the benefits in using virtual office space to enhance and provide a professional, corporate image for their business. Image matters especially when operating and running a business from the home environment, with a range of benefits and limitations for any business owner.

The benefits include working for yourself, working hours that suit your lifestyle, saving time (and money) on travel and working around family commitments.

The limitations include keeping clear delineation lines between home and work environment, lack of social environment or not having suitable space to meet prospective clients or hold staff meetings.

Fortunately, virtual offices are a great solution. Facilities and services typically include use of business address, mail collection, meeting room hire, business support and phone answering. Conference rooms provide a professional meeting atmosphere and technology such as video conferencing.

Virtual offices are a cost effective alternative for start-ups, entrepreneurs and home based businesses in keeping operating costs low while developing a professional image and can reduce overhead expenses that are typically required to operate an office.

Business Centres, Serviced Offices and Co working spaces all offer a variety of options. Business Centres can provide dedicated office space, virtual office space or meeting room hire.  Co working spaces allow you to use a desk or space by the hour and network with other likeminded people.

Virtual offices allow small business owners, the self-employed and professionals to enjoy all the benefits of a prestigious business address and full complement of facilities and services without the expenses of establishing a traditional office location.

Whether you are a home based business or looking for alternatives in managing office space costs for your business, you can easily run your business with a virtual office set up. As you expand, moving into a serviced office may be the next logical step.

Whatever the next phase is in your business growth, there are plenty of options to choose from. Read through testimonials from clients and contact us if you have any further questions. 

We’re happy to help.

Resources and support to grow your business

Resources and support to grow your business

Owning a small business brings a range of challenges to any business owner. From financial, marketing, accounts, employment issues, sales and IT.

Fortunately there are a range of support organisations, workshops, seminars and groups designed to assist the budding entrepeneur and business owner to connect, grow, build and succeed in their business.

Below is a list of organisations able to assist on your journey no matter what stage you are at.

Sydney Hills Business Chamber

Sydney Hills Business Chamber is the peak business support agency in the Sydney Hills. Their mission is to support local businesses by providing business networking, learning and development opportunities and to give small businesses in the region a more powerful voice.

NSW Business Chamber

Starting, managing and growing a business is as challenging as it is rewarding. The NSW Business Chamber offer the network, advice and solutions you need to succeed. 

Western Sydney Business Centre

This business provides advice for new and existing businesses across the entire Western Sydney Region along with practical workshops and training programs on fundamental topics for your small business.

Small Biz Connect

Small Biz Connect is a quality, personalised business advisory program for small businesses in NSW.

Through the program, you can obtain expert advice on managing your small business, access face-to-face support and develop key business skills

Hills Shire Council

Smart Start programs

The Hills Shire Council in partnership with The Western Sydney Business Centre run a small business education program called the Smart Series.

The Smart Series offers a range of business growth workshops designed to provide new and existing businesses with a comprehensive range of education hosted by business professionals.

Business provides businesses (including small businesses and independent contractors) with a first point of contact to access information and referral services to improve their business sustainability and help better manage their business.

Entrepeneur’s Programme

The Programme uses quality facilitators and advisers, drawn from industry, to ensure businesses get the advice and support they need to improve their competiveness and productivity. The primary focus is on providing access to the best advice and networks to solve  problems rather than focusing on financial assistance.

HomeBase Business Network

HBBN is the initiative of two business entrepreneurs from North West Sydney – both passionate about small business and the community. Dr Jim Taggart and Tony Eades are both past presidents of the Sydney Business Chamber and originally home based business owners. Together with a common drive to connect small business and help them grow and prosper.

Office space and meeting room hire

Meeting clients, conducting an interview or needing to work quietly on a short term project?

Living Workspace Business Centre can accommodate your needs by providing these facilities. Book a room by the hour or for the day. Contact us on 8853 7800 today.

Business Success – Client Spotlight

Business Success - Client Spotlight

Many businesses have a business plan however knowing how to plan for future office space requirements can require the use of a crystal ball.

How quickly will my business grow?

Will I need more staff?

Can they work remotely?

Do I need 24/7 access?

Is there adequate parking for employees and clients?

Where do I need a business presence –  Norwest Business Park?  Sydney CBD? Macquarie Park?

Corporate businesses need to be flexible and many find the benefits of a serviced office a cost effective solution when accommodating one or two key executives.

The businesses types that have leased office space and benefited from using a Business Centre are varied – from startups, solopreneurs, project-based and corporates. Below is cross section of clients in our business community

Focal Point Home Loans

Focal Point Home Loans Pty Ltd was formed in 2005 and is one of Australia’s fastest growing mortgage broking firms, managing over 500 mortgages for home buyers and investors Australia-wide.

While Focal Point Home Loans is based in Sydney, they have made a continuing investment in technology to ensure that they provide efficient and satisfactory service to their customers Australia-wide. Focal Point pride themselves in providing the highest level of service to our clients.

Anil and the team have used the Business Centre for several years and have found the benefits of a serviced office convenient without the hassle of leasing office space and lost time in managing a leased premises.

Anil Varandani | Director | Focal Point

Prestige Property|Buyers Agent

The Director of Prestige Property, Jenny Brown, was looking for office space in the Norwest Business Park. Having found the ideal office overlooking Norwest lake Jenny and her team were drawn to the benefits of a serviced office. After several years and a change in business direction, Jenny decided to move location and continue as a virtual client.

“Using the services of Living Workspace has enabled our business to grow and expand in ways it otherwise would not have, and has helped us to capture more markets than if we were locked into office space.

The prestige of the location and the offices at Living Workspace help put confidence in our clients that we are a trusted brand. The location is ideal for us being in the heart of the Norwest Business Park and so well-known it’s easy for clients to find and meet with us”

Jenny Brown |Director |Prestige Property Consulting

Cameron Recruitment

Cameron Recruitment have been long term tenants of Living Workspace for over 10 years. The company is made up of seasoned professionals that have extensive working backgrounds in Accounting, General Management, Engineering, IT and Human Resources. They bring vast experience from a variety of industries and organisations, from large multi-nationals to successful private companies.

Diane Humphries, is a qualified CPA and an expert Executive Recruitment Specialist who has placed hundreds of qualified professionals across all industry sectors and worked closely with Managing Directors and Executive Teams of many organisations regarding recruitment and human resources practices.

 Living Workspace Business Centre have provided office space, meeting room and reception services that are highly professional and compliment their business needs.   Diane and the team have been happy with the facilities and services offered and continue to utilize the range of benefits on offer.

Dianne Humphries |Director | Cameron Recruitment


The Viega Group employs more than 3,500 staff and is one of the leading producers of installation technology. The company specialises in installation technology. In addition to pipe systems, Viega produces pre-wall and drainage technology. Their products are suitable for almost all applications: for building systems technology as well as the utilities supply sector or industrial plant and shipbuilding.

Viega needed to set up an office in Sydney – Norwest Business Park and Living Workspace become their preferred serviced office provider due to the location, office suite, facilities and services provided.

“Living Workspace provide a professional service and offer very attractive office space that enabled us to hit the ground running when we opened our business in Australia. The team at Living Workspace were always available to assist with day to day requirements and catered to our every need, often at very short notice. Living Workspace made the business of doing business easy”

 Robert Hardgrove|Technical Manager / Strategic Projects|Viega Pty Ltd

Pool Water Products

Pool-Water Products is an independent wholesale distributor of high quality swimming pool and spa equipment. The National Sales Manager and Account Manager needed office space in the local area after Head Office (based in Melbourne) decided they want to expand their operations. After leasing space for three years, growth was imminent and they have decided to purchase their own commercial office space.

Ray Burgess|NSW State Sales Manager|Pool Water Products


Structural Engineers, Geotron decided to commence their new business in the headquarters of Living Workspace Business Centre. Peter provided feedback recently by saying “we experienced a professional and extremely friendly environment with fantastic and helpful staff and like minded colleagues. A great workspace – we highly recommend LWBC and the team to any business”

Peter Geoghegan|Managing Director|Geotron

Living Workspace Business Centre can accommodate your business needs by providing outstanding facilities and services.  Contact us on 8853 7800 or email to talk about your office space options.

What’s Important at Work?

Taking a Break

What is really important to us at work?  Maybe it’s how other people see us that provides the best insight.  Of course when we get home we all ask “how was your day”.  But have you really listened and thought about the response?   How does your partner describe their day, and where does the conversation flow?  Sure, there’s probably a bit about the work itself, clients and feelings, successes and frustrations.  And then maybe the talk turns to work colleagues.   How much of the total conversation is about people at work?  50%?  More?   So what does this tell us?  Of course many would share the view that we are sociable beings and being part of a team or work group is incredibly important to us.  There are probably truly few who thrive on working alone.  A shared work place has a lot to offer and, it seems to me, this is more important than ever, in a world where we seem to be increasingly working as small autonomous units.

Michael Trask is the owner of Living Workspace Business Centre, Norwest.

What’s Important at Work?

Taking a Break

What is really important to us at work?  Maybe it’s how other people see us that provides the best insight.  Of course when we get home we all ask “how was your day”.  But have you really listened and thought about the response?   How does your partner describe their day, and where does the conversation flow?  Sure, there’s probably a bit about the work itself, clients and feelings, successes and frustrations.  And then maybe the talk turns to work colleagues.   How much of the total conversation is about people at work?  50%?  More?   So what does this tell us?  Of course many would share the view that we are sociable beings and being part of a team or work group is incredibly important to us.  There are probably truly few who thrive on working alone.  A shared work place has a lot to offer and, it seems to me, this is more important than ever, in a world where we seem to be increasingly working as small autonomous units.

Michael Trask is the owner of Living Workspace Business Centre, Norwest.

Taking a Break

Taking a Break

The perennial question – when to take a break? Or more fundamentally, can the Sole Trader or Key Person in a micro business afford to take a break at all?  The benefit and importance of taking regular breaks is generally accepted, offering regenerative time to self and family.  And even the business too, through time to reflect, review and strategise.  However, effecting a quality break, quarantined from the daily demands of clients, staff, compliance and routine is easier said than done.  In this 24/7/52 world do you snatch a week, field a few calls and hope no one notices the difference?   Or do you brief your clients that you’ll be away for a week and assure them that you’ll attend to their further needs immediately on your return? Either way, what’s the risk that both holiday and client relationship are compromised?

A business organisation that is independent, competent and professionally committed to managing your business while you are away can give confidence, both to your clients and to you.   A professional organisation knowing when to call you and when not, or being able to provide a daily summary by email, or in whatever format desired, can provide you the peace of mind to achieve from your holiday objectives, with the bonus of returning to clients who understand that you’ve made an extra commitment to ensuring their needs are met during your time away.    Even that three week family trip overseas might suddenly look more achievable

Michael Trask is the owner of Living Workspace Business Centre, Norwest.

Living with Covid

Living with Covid

Working from home through Covid – how will time judge the experience?   Anecdotally “great”, “OK”, “stressful”, or “not practical” all feature in responses so far.  Notably, working from home has not been a conscious choice for those affected – generally it has been thrust upon them.   No one seems to doubt that major change has happened and that “work” will not revert to the way it used to be.  

Many appear to have enjoyed the flexibility, and relaxed environment offered by “working from home”. Few have probably missed the long commute by car, train or bus.   The flip side has been a sense of isolation and loss of social contact for some.  And maybe complication of family logistics for others.  Again anecdotally, some have felt anxiety without the structure and discipline of a formal workplace, with various support functions close at hand.  From all advice, Covid 19 still has a long way to go.

A domestic environment, pressed to professional purpose, has been well tolerated and at times generated humour with some lighter moments.    “Working from home” may offer cost benefits to employers, alhtough the productivity return may be yet for assessment. So what is the future and where does a Serviced Office sit in this “living with Covid” world?

Offering flexibility of accommodation and lease term, prefessionalism and structure, social engagement and Risk Assesed Covid management procedures, a Serviced Office appears to offer value, relevance and effectiveness – especially so if it’s close to home and a nice place to be.  Hopefully you will consider Living Workspace has much to offer.

Michael Trask is the founder and Director of Living Workspace Serviced Offices, Norwest