Today, India is considered the new start-up hub. Well, the growing number of unicorn companies in this country have supported this claim. The same can be said about SMEs (Small and Medium Enterprises). Three cities of India – Delhi NCR, Mumbai, and Bengaluru- dominate India’s new-age industrial picture. A recent report says these three cities ranked among the top 40 start-up hubs globally. Furthermore, on29th August 2022, India was recognised as the third-largest start-up ecosystem, comprising 77,000 DPIIT-recognised start-ups across 656 districts.Together, these factors play a significant role in the country’s economic development. Therefore, as an SME or start-up owner, it is your responsibility to offer employees the best set-up. This is why the demand for coworking spaces and serviced offices is rising steadily, and players like OFIS Square are changing the game. They are offering a cost-effective alternative to your traditional office spaces and helping startups and SMEs reduce the hassle of managing an office.

This article will explain why serviced or managed office space is the ideal choice for your SME or start-up company.

What are serviced offices?

A serviced office or managed offices is a space that is fully equipped and completely furnished. It is a type of pay-as-you-use office space. The owner of this space leases it to companies while he entirely manages the space or the building. The lease terms are flexible, and companies get private access to the ready-to-use office.

Today more and more businesses, small businesses as well as start-ups, are opting for serviced offices as the best alternative to conventional office spaces. There are multiple benefits of using best managed offices in Noida, but one of the major ones is that businesses can choose the space they need. For instance, small businesses or start-ups can lease out a single office and pay for the same. On the other hand, large corporations can lease multiple adjoining offices to accommodate their staff.

Why are serviced offices a cost-effective solution for start-ups and SMEs?

In the case of serviced offices includingbest managed office spaces in Noida Sector 62, there are no complications involving long leases and other hidden costs like furnishing, maintenance, equipment installation, and facility cost. The owner manages the place, offers a fully-equipped space, and demands an all-inclusive monthly fee. Serviced Offices operate under a flexible lease system; thus, a business can use the space for a month or more, depending on their requirement. This particular feature enables companies to scale up or down as and when required.

Here are some of the highlighting benefits of leasing a serviced office space –

Flexible leases

Serviced office spaces incorporate flexible leasing terms. Multiple owners also offer leasing contracts only for a month. It is an ideal choice for SMEs and start-ups as they can expand or reduce their business size or strategically move forward with whatever suits their business best at short notice.

Cost-effective option

The company that is paying the leasing only pays for the space they need and use. Additionally, most serviced spaces are pre-cabled and furnished, offering access to all necessary facilities. It eliminates the hassle of moving in and other expenses of setting up, along with the required time.

Availability of required facilities

Most serviced office spaces are well-equipped with standard facilities like reception desks, lunch areas, kitchens, networking spaces, recreational zones, conference rooms, auditoriums, cafeterias, and cleaning and maintenance services.

If your business requires something more, you can enquire with the operator of the building about the same. Moreover, budgeting serviced office space is simple and easy, with no hidden costs involved.

Is there any alternative?

The best alternative to serviced office spaces is coworking spaces. It offers multiple similar advantages like serviced office spaces. However, this option is ideal for a hybrid working system, guaranteeing office spaces with increased flexibility. Moreover, it is a perfect choice for SMEs and start-up companies. Some benefits of using co-working spaces include:

• Lower costs
• Less commitment
• Greater flexibility
• Easy collaboration opportunities with individuals around you

Some other benefits of choosing a coworking space in Noida comprise workers of different teams working in unison, a positive work environment, increased networking opportunities, and sharing tools, services, and facilities.

Studies have also found that coworking spaces resulted in 70% of employees being in a better mental state, more than 64% of employees recorded higher productivity by completing their tasks on time, and around 68% of employees were observed to be more focused and target-oriented in their job. It is a fun way to get your work done and serves as an attractive option to companies.

However, if you are considering co-working spaces over serviced office spaces, ask yourself the following questions:

• What office facilities are you looking for?
• Will you need the office regularly or only a few times?

After determining your answer, choose what suits your interest best. And if you are still confused, head over to Ofis square’s website to learn more about it. Ofis Square is one of India’s leading premium office space solution providers. Here, you will find contemporary office spaces equipped with modern amenities to take care of all your requirements.

Final words

In a nutshell besides serviced office spaces best coworking spaces in Noida,are an excellent option for small and start-up companies because of their flexible lease agreement and hassle-free arrangement. Moreover, the availability of necessary facilities and services eliminates all sorts of additional costs, be they upfront or recurring, making it a pocket-friendly option.