Which is the best workplace model for your business?
The choice of the workplace is an essential factor in employee productivity as well as the overall growth of your business. It can be hard to choose a suitable workspace model for your business from the many options available.
We’ll help you choose the right option for your business by comparing three types of uncommon offices: managed office, serviced office, and coworking space.
Managed Office Space:
A managed workplace provides a fully-outsourced workspace with premium locations, grade A property features, modern infrastructure, and state-of-the-art amenities. Managed offices are unique in that they can be customized to meet the needs of each enterprise. All aspects of the managed workspace are taken care of by a third party, including the sourcing and design, fitting out, and operation. Companies can focus on core business functions, while Instant manages a fully-branded and customized office.
Companies from various sectors look to this tailored solution to reduce costs and expand their reach. It provides greater transparency in cost and speed to market, as well as increased business agility and flexibility.
Serviced Office Space:
A serviced office is a model that allows you to rent a space on a short-term basis. It includes inbuilt facilities such as reception staff, clerical support. The provider specifies the design and layout of the office space. It offers short-term rentals, and the space operator regulates the fees for utilities and space management –You will receive a monthly cumulative rent bill.
Coworking Office Space:
Coworking spaces are vastly different to managed and serviced offices. In its simplest form, a coworking space is an environment designed to host people from different companies. These spaces are equipped with shared services, tools, and facilities. Coworking spaces can be described as community centres, collaboration hubs and social spaces that allow workers from diverse backgrounds to come together and share their expertise and create new ideas.
Conclusion:
You can compare these office models by considering your requirements in terms of flexibility and office design, as well as lease terms, affordability, and culture. Then you can choose the best workplace model for your company and employees.
Managed offices allow growth-driven businesses to concentrate on their core business activities. They are ideal for established businesses that require flexible workspaces that can be customized to meet their needs. Serviced offices and coworking spaces are better suited to small and start-ups as well as freelancers.