While you are deciding to rent an office space, have you researched enough? Employers are aware of the trend of unconventional office spaces, these are basically office spaces designed to create an atmosphere with comfort and flexibility to the employees to increase their productivity.
There are three popular models of unconventional office spaces, where managed office spaces are gaining popularity worldwide. According to stats, the demand of managed offices has grown by 21% in 2020-2021, where if you compare the significant growth seen in the past 4 years, the number has doubled.
Global flexible workspaces valuation is expected to touch USD 111.68 billion by 2027 at CAGR of 17.1
Firstly, let us dive deeper to understand what exactly is managed office space and how it suits your business needs.
Managed Offices. Explained.
Managed office spaces are the empty units which can be rented out, and the basic amenities will be provided. These spaces are further designed by the tenants as per their business needs.
Thus, this is one possible reason why managed spaces are breaking the traditional standard building infrastructure. Managed spaces are not basic, besides, they aim at promoting business requirements, growth and cost cutting.
The company leasing office space has leisure to choose everything, right from the furniture to the designs, everything, yet the basic necessities are addressed in that case.
The tenants are provided with the essentials furniture that includes chairs and tables, waste management which includes communal and cleaning management and also the waste disposal, the amenities also include electricity cables, office customisations, security surveillance like CCTVs and bills are also included.
What are the advantages of the Managed office space
1. Economically fair
Managed office spaces are real cost effective, unlike any other leased office space you are only responsible for the rent every month is decided while signing the lease agreement. Not just rent but costs like operating expenses and bills everything is covered under one bracket.
2. Positive impression
When you decide to rent an empty space you surely gain a liberty to design it the way you want and your business demands. The way interiors look is corley dependent upon the company’s narrative of themselves and their work culture in person. A good interior and significant design can surely create a good impact on the clientele.
3. Security
Managed office spaces reduce the security concerns substantially, where it be privacy related concerns or data security. There’s a dedicated team that works on security and data protection.
4. Privacy
Privacy is the major concern in most of the cases of coworking space. The privacy
is not harmed under any circumstances here, as you don't have to necessarily share space with other businesses.
5. Flexible lease agreements
The lease agreement is flexible, unlike other agreements the tenants are not bound for years, they can lease the space for 1 to3 years, which ideally suits the start ups well.
Let’s understand the basic difference between managed office space and serviced office space
Managed and serviced spaces are often considered the same, yet they share a slight difference. Service office space is an office space that has all the amenities included in the rent whereas the managed office spaces are given empty units with basic furniture and amenities.
In conclusion, managed office spaces are easy going affordable spaces. A pathbreaking growth in the managed spaces is witnessed in past years which is expected to grow further because managed office spaces are something that will suit your business needs better.
Above all, they can be customised as per your business needs. This article contributes to your knowledge of an unconventional space and why it can be a good option when you rent them.
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