As a report, The year 2019 marked a period of tremendous growth for the flexible workspace market because of its flexibility and low cost infrastructure. From reinventing conventional structures to accent workspace experience with world-class setup and a plethora of soft services; offices have now evolved into engines of productivity and employee motivation.
A managed office space is a furnished and fully-equipped office space, managed by the provider. Managed office channelizing space has full flexibility as you can opt for a single workstation or a floor or any specific area by allowing access to ready-to-use office space on flexible terms.
These managed offices have now become an integral part as various startups/businesses/self-employed people are always on a hunt for low investment and flexible terms for procuring office space.
Pivot for Productivity
Managed workspace offers an ample amount of freedom to focus on your business more than the office management task. Most often entrepreneurs grumble that the management of the workspace steals a lot of their time which could otherwise be used a lot more productively. While in the managed office, the office provider takes care of all the services and management activities hence budding entrepreneurs like you would have less things to worry about.
Lucrative Work Space
Managed office space facilitates to pay just one fixed amount every month for all services you opted for. It releases your burden to pay about separate utility bills and housekeeping. Anything and everything is taken care of by the managed office provider and in the long run, this works out to be more cost-effective.
Available on Flexible terms, short-term or on long-term
These kinds of office spaces are flexible enough as many spaces offer contracts for even hourly basis, day/week and even one month. Hence, this is a trump card for businesses as they can expand or reduce in line with their business plan at a short notice.
Scalability is one of the options that you would not get in a traditional office environment.
In a shared office space your business depends on your office size. If you have a large strength of working professionals with you, you need more space rather if the strength of working professionals is less you need a small place to work. Your service provider can arrange the work stations or specific area as per your business requirement easily.
End-users of Serviced Offices?
Start-ups and Self-employed: Serviced offices are perfect for self-employed, small businesses and startups looking for flexible office space without being tied down to long-term contracts. As it is based on Pay-as-you-use, it helps in easy budgeting with no hidden charges.
Outburst to Other Prerequisites
While running an office in the managed space, you also get entitled to use other services like reception, kitchen, cleaning & maintenance services etc. Even as per your business requirements you can opt for meeting rooms, events rooms, space for interviews and conferences as well. Many venues also give access to use of Printer/Photocopier, Parking space, availability of tea/coffee etc.
Entrance to new markets
Managed and coworking office spaces are available in several locations around the world, serving businesses a wide choice to opt as their requirements. It also offers easy budgeting to businesses while setting up at an address. Nevertheless, it also provides access to other business centres around the world.
Due to Covid-19 many offices or businesses are suffering from economic fallout. It becomes very difficult to run a fully traditional office. Hence, coworking and shared office spaces are very fruitful in this tough situation because of its many benefits as explained above.
Considering today’s situation, setting up your business in a shared office space seems to be a whole lot beneficial if you happen to run a dynamic business. It may not only save you a lot of money, but it will also spare your peace of mind, which keeps you from wearing out in the long run.