Having an office means more than just accessing a physical place to work — it also provides businesses and professionals with an address that may be recognizable to their potential clients.
Now, as the global workforce pivots to a much more distributed way of operating, many businesses are forgoing the physical office and opting for just the address portion, otherwise known as a virtual office.
Virtual offices offer professionals the ability to use an exclusive office address, whether they occupy the space or not, as well as other office-related services such as receptionists, scheduling services and access to conference rooms.
Companies like Alliance Virtual Offices have been offering such services for several years now, but the pandemic has accelerated the pace in which this industry is growing.
In fact, the virtual office market is anticipated to grow from $27 billion in 2020 to $32.9 billion in 2021, a compound annual growth rate of 21.9%.
Using a virtual office means a company or professional can have easy access to a physical workspace if needed, but won’t have to deal with the costs of daily management. Owners benefit too, as they can list their office addresses with fewer limitations, thus helping increase their revenue.
