How to choose the right office space for your business: Managed vs. Conventional vs. Serviced

How to choose the right office space for your business: Managed vs. Conventional vs. Serviced

We all know that choosing the right office space is significant for those who’re looking forward to growing more in the future. With the rise of remote work and flexible schedules, comfortable office space has become necessary. 

But we all get stuck with the question – what office space is right for the business? Well, are you someone wanting to create coworking office space in Gurgaon? If yes, you’re at the right place. 

To begin with, it’s quite evident that after the pandemic, the Indian coworking sector witnessed a significant increase in business. In 2022, total co-working leasing reached 12 million square feet, accounting for approximately 20% of total leasing. Now, there are three main types to consider regarding office spaces: conventional, serviced, and managed offices. This article will explore the meanings and benefits of each to help you make an informed decision. 

So, which office space will be the right fit for you? Let’s find out.

office space in Gurgaon
office space in Gurgaon

Conventional Offices and Their Benefits

Conventional offices are the oldest and most well-known! These standard office spaces call for tenants to furnish and equip themselves. Conventional offices are typically taken for longer terms, such as five or ten years, and require tenants to make a considerable upfront investment in setting up their space.

Many businesses still value the control and privacy that traditional offices provide. Here are some advantages of using a traditional office:

Better Control Over Your Workspace

You have full authority over how you work in a traditional office. You may personalise everything from the layout to the furniture to the decor. It can instil a sense of ownership and pride in your environment.

Increased Privacy and Security

Traditional offices provide more privacy and security than shared workplaces. You don’t have to be concerned about others listening to private talks or accessing your data. You can also limit who has access to your place, which is useful for firms dealing with sensitive data.

More Stability

Long-term leases empower businesses with stability and predictability. You don’t have to be anxious about finding a new office space every few months or dealing with rising expenses that aren’t expected. It can make future planning and budgeting easier.

Companies Dealing with Sensitive Information

Law firms, banking institutions, and other enterprises that deal with sensitive information may prefer the seclusion and security provided by traditional offices.

Companies Demanding a Lot of Space

Since traditional offices are larger than shared spaces, they are an excellent option for businesses that require a lot of square footage.

Companies Desiring Complete Control Over Their Area

Startups and other firms with a clear vision for their office space may prefer the freedom to customise and personalise their space.

Overall, traditional offices provide control and seclusion that many organisations find desirable. If you’re considering this type of space, you should compare the benefits against the costs to see if it’s a good fit for your company.

Serviced Offices and Their Benefits

Serviced offices are another type of office space that comes fully set up and furnished. Such spaces allow companies to have a more flexible workspace. Serviced offices are often leased for several months to a year or more. Moreover, these offices are great for organisations that need a professional environment but don’t want to deal with the effort of setting up and maintaining their own office space.

Look at some advantages of using a Serviced Office:

  • Flexibility: It is one of the most significant advantages of a serviced office. Businesses may simply streamline their processes as their needs change with short-term leases. It makes it an appealing alternative for startups, freelancers, and other organisations that may not know their long-term needs.
  • Savings: Since serviced offices include furniture, internet, and other facilities, they might be less expensive than traditional offices. It can save firms money on purchasing and maintaining their equipment and furniture.
  • Convenience: Such offices are often located in high-traffic areas and provide a variety of amenities such as reception services, conference rooms, and cooking facilities. It might help firms gain clients and project a professional image.
  • Networking opportunities: As businesses can connect with other tenants and even coordinate on projects, shared serviced offices can give networking opportunities.

Now, let’s understand which types of businesses should prefer this type of office space. So, Serviced offices may be preferred by the following businesses:

  • Startups and freelancers: Serviced offices can be a perfect fit for firms that are just starting and do not want to commit to a long-term lease.
  • Businesses with remote workers: Serviced offices can provide a central meeting venue and collaboration for organisations with remote workers or teams.
  • Businesses that need to move fast: Serviced offices can be a suitable alternative for organisations that need to move quickly or are unclear about their long-term needs. 

Managed Offices and Their Benefits

Managed offices are a form of office space that balances businesses’ flexibility and professionalism. If you’re looking forward to knowing the benefits of coworking space in India, Managed offices are the space you should look forward to. 

Managed offices, as opposed to traditional offices, provide organisations with a ready-to-use workplace managed and maintained by a third-party operator. Everything from furniture and equipment to IT infrastructure and support services is included. 

Here are some clear advantages of using a managed office:

  • Flexibility: Managed offices allow companies to scale up or down as their demands change without the long-term commitment of a traditional office lease.
  • Professionalism: Managed offices are designed to create a professional working atmosphere, complete with modern furnishings, cutting-edge technology, and various amenities.
  • Cost savings: As businesses do not have to invest in their equipment, furnishings, or support services, managed offices can be more cost-effective than traditional offices. Businesses can save both time and money by doing so.
  • Support services: Managed offices can provide various support services, such as receptionists, IT support, and administrative assistance, allowing firms to concentrate on their core competencies. 

And OFIS Square, is one provider redefining the concept of managed offices and coworking spaces. OFIS Square offers managed office space intended to provide businesses with the benefits of coworking spaces while keeping the privacy and management of a traditional office. Read more about it below! 

OFIS Square: Manage Your Office Space with The Best Coworking Space Provider

best coworking space provider
best coworking space provider

Want to know about the best coworking space provider? Here’s how OFIS Square helps businesses to make their dream come true without hassle. 

  • Community: With frequent events and networking possibilities, it helps develop a sense of community among its residents. It can help firms connect and work with like-minded individuals and enterprises.
  • Technology: OFIS Square provides organisations with cutting-edge technology and IT infrastructure, such as high-speed internet, video conferencing, and cloud-based storage solutions.

Additionally, OFIS Square is dedicated to sustainability and environmental stewardship, including features such as energy-efficient lighting and recycling programs. 

The experience of a business looking for a professional office that could accommodate its increasing crew is one example that demonstrates the benefits of OFIS Square’s approach

Final Words

The experience of a business looking for a professional office that could accommodate its increasing crew is one example that demonstrates the benefits of OFIS Square’s approach

Overall, choosing the right office space is essential for the success of any business. And the choice to go for a serviced, conventional, or managed office depends on the company’s needs. As said above, Serviced offices are ideal for startups and small businesses. 

On the other hand, Conventional offices offer greater control and privacy, making them a good fit for established businesses with a fixed budget. But the best comes with Managed offices, like the ones offered by OFIS Square, which provide a unique combination of flexibility and professionalism.

Businesses prioritising a professional, collaborative, and innovative work environment may benefit from managed offices like OFIS Square. Businesses can ensure their success in the long run by considering the pros and cons and selecting the right one.

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