Regus is a huge player in office accommodation with over 1,000 offices globally. They’re notoriously quite an expensive option for a micro start-up, but do offer flexible terms and the ability to scale. Their business has been disrupted a bit by the meteoric rise in co-working spaces which have popped up in many cities. In response, Regus is aggressively pushing their BusinessWorld membership which provides access to their business lounges; large rooms with a bunch of hot-desk spaces.
Free printing and refreshments are nice, but the lounges appear to be purposefully designed not to encourage long-stays (raised breakfast tables, Sky News in the background). The lounges have a continual flow of transient executive-types coming in and out and the atmosphere lacks any of the co-operation or social interaction that true co-working tries to foster. It’s still a fairly smart move by Regus; it can be viewed as a marketing vehicle to capture young upstarts that might then grow into needing dedicated workspaces.
Nevertheless, despite its flaws, they do offer great value. Membership runs at around £17-42 per month (inclusive of VAT), depending on whether you opt for a local, national, or worldwide access. This compares favourably against other co-working options (which are usually >£150/month in the UK).
Better still, there’s something of a loophole that can be taken advantage of to give even cheaper membership. Business Traveller is a pretty dry magazine for execs on the move. An annual subscription costs £38.65 and comes with a free global BusinessWorld membership. Toss the magazine in the bin each month if you wish and you’re effectively getting the work space for a little over £3/month.