Are Serviced Offices better suited to small (<5,000 sqft) end-user requirements ?

[Suzy]

I am reviewing core v flex portfolio balance and rethinking workspace strategy to better align with strategic hybrid working objectives.

Interested to share ideas on modelling competitive advantages of enhanced space flexibility, frictionless traction etc against different size end-user requirements and legacy preference for in-house managed / controlled workspaces.

Are serviced offices / coworking solutions more cost-effective for smaller space requirements or does portfolio diversity / flexibility more than offsets additional long-term expense ?

Any advise how best to customise the SaaS offering to ensure offering aligned with business outcomes ?  Also conscious not all centres are profitable, any experience / advice managing relocations / closure risks ?