Coworking spaces have successfully altered how organizations and companies work. Coworking spaces help businesses by offering a more flexible, collaborative, and engaging workspace.
According to predictions, by the end of 2024, there will be 41,975 coworking spaces worldwide. India is no exception, with many businesses opting for flexible workspace solutions that cater to their changing needs. As a result, the demand for managed offices in India has increased.
The coworking space in Noida has embraced new trends year after year since its inception. The effect of COVID-19 has advanced several flexible workplace initiatives, which are currently spreading globally.
Several firms have adopted the norm of managed offices, playing a critical part in their workers’ ultimate return to work. These managed offices offer new standard working conditions, emphasizing fitness, health hygiene, and work-life balance.
With corporations accepting new remote and flexible working practices, the coworking industry is poised to thrive in the next few years.
What are Managed Offices?
Managed offices are fully equipped workspaces overseen by a third-party operator. They are intended to provide a professional and adaptable workspace for enterprises of all sizes.
Such companies handle all aspects of office management, maintenance, and administration, allowing businesses to concentrate on their core operations.
Managed offices include various services, which vary based on the provider. These services include IT support, security, maintenance, and access to conference rooms. Providers may provide other services such as mail handling, call answering, and catering.
They are popular for companies seeking a flexible and cost-effective workspace solution. They provide short-term leases, allowing firms to change their office demands. Managed offices especially appeal to startups and small enterprises that may lack the means to manage regular office space.
Why are Managed Offices a Perfect Combination of Flexibility and Professionalism?
Regarding managed office space, a third-party provider will handle the entire process. Third-party will help you identify the proper space, negotiate with the landlord, and calculate the prices.
The third-party provider will design, build, and fit the space to the client’s specifications. They will also handle furnishings, fittings, IT, and telecoms and manage all services. This is because once clients move in, they can focus solely on running their business.
Here are some advantages a managed office can provide for your company:
- Cost-Effectiveness
Even with dedicated finance staff, finding the best ways to cut spending may be difficult. It is where managed offices come into play.
They provide everything you require, from utilities to furnishings to extra expenses, as part of a monthly charge that covers everything. You never have to worry about managing office expenses every month.
It is especially helpful for start-ups and other small businesses that may not have the resources to manage a conventional office space alone.
- Flexibility
One of the primary advantages of managed workplaces is their flexibility. Unlike typical office buildings, managed offices provide short-term leases, allowing firms to change their workplace demands as needed.
Organizations can simply expand or downsize their office space to meet changing demands without committing to a long-term lease. Managed offices are a flexible alternative for organizations, as they only pay for the required space and services.
Managed offices also allow businesses to select from various sizes, layouts, and configurations.
It implies that businesses may find the right office space, whether a private office, a coworking space, or a virtual office.
Furthermore, managed offices are frequently outfitted with cutting-edge technology. It allows businesses to work while remaining connected to their team and clients.
- Management Services
The managed office concept provides organizations with the resources to fuel corporate growth. Companies don’t have to worry about operational concerns such as design, maintenance, utilities, and office products with managed offices.
A well-planned workplace with the appropriate technology and organizational culture can significantly impact employee productivity. It is handled by skilled service providers who oversee every operational part of your company.
Managed office providers also handle administrative activities like mail handling, call answering, and receptionist services, saving organizations time and money.
- Employee Empowerment
Earlier, workplaces were designed with employee efficiency in mind. The goal was to get more things done.
But, with the introduction of flexible workspaces, this has altered. Nowadays, organizations have made employee well-being their primary goal.
Managed offices are designed with this goal in mind. Wide spaces, vivid interiors, and break-out zones provide employees with a change of scenery and a place to unwind.
Managed office service, providers may also host community events in the space. It can assist the company in improving interpersonal relationships among its team members.
The service provider company also offers to handle payroll and other administrative activities, enhancing the role of HR in the organization.
- Operational Excellence
Managed offices have become a game-changing option for companies that want to maximize the effectiveness of their operational processes.
Managed offices offer complete office solutions and liberate staff from day-to-day office operations. It allows employees to focus on their work and essential operations.
Managed offices enhance operational excellence by providing businesses access to advanced technological infrastructure. It enables them to stay at the forefront of technology.
It includes access to a high-speed internet connection, video conferencing, and communication technologies that make it easier to work remotely and collaborate.
Some examples of companies that improved their business through managed offices:
- Uber agreed to lease 100 desks at WeWork’s San Francisco headquarters. Uber quickly established a presence in the area and received access to WeWork’s amenities and infrastructure.
- Airbnb expanded its global presence through the usage of managed offices. The company leased 8,000 square feet of managed office space in Dublin, Ireland, in 2016. Airbnb was able to build a presence in the area quickly and tap into the local talent pool.
- Revolut, a UK-based fintech business, has used managed offices to grow its operations across numerous nations. In 2019, the company agreed to lease office space from WeWork in New York, London, and other locations worldwide. Revolut was able to quickly build a presence in new markets and tap into local talent pools.
- WPP, the world’s largest advertising firm, has employed managed offices to cut expenses and increase operational efficiency. In 2019, the company announced that it would consolidate its London offices into a single managed office space in the city. WPP was able to cut its real estate expenditures and boost staff collaboration as a result of this relocation.
How is OFIS Square Changing the Idea of Renting Managed Offices?
OFIS Square is a managed office provider that is changing how businesses think about renting office space.
OFIS Square is quickly becoming popular for businesses that want to improve operational efficiency and productivity. OFIS Square is committed to giving each business office solutions that are made to fit its needs.
OFIS Square differs from traditional office spaces, often requiring long-term leases and fixed layouts. Instead, it has flexible leasing options that let businesses grow or shrink as needed.
It means that businesses can respond to changes in the market. They don’t have to worry about being stuck in a long-term lease or making big infrastructure investments.
Working with OFIS Square has various advantages. For instance, unlike typical office spaces, OFIS doesn’t use a uniform layout and style.
OFIS Square works with each client to develop a workspace personalized to their needs. In other words, organizations can stimulate workplace collaboration, innovation, and productivity.
OFIS Square’s dedication to sustainability also transforms the perception of managed workspaces. OFIS Square is committed to minimizing its carbon footprint and assisting businesses in doing the same, focusing on eco-friendly methods.
Everything from employing energy-efficient lighting and HVAC systems to providing bike storage and encouraging staff to take public transportation is included.
Conclusion
The emergence of managed office spaces has highlighted that it’s possible to maintain work productivity without a traditional arrangement. Coworking spaces are another option to consider.
By June 2022, the top seven cities’ co-working spaces had risen 117% to almost 43.4 million square feet, with over 679,760 seats.
Managed offices offer several advantages, including cost savings, operational efficiency, and increased employee productivity.
These offices also provide high-quality facilities, flexible lease terms, and the option to expand office space. Additionally, managed offices offer various support services, such as IT support, receptionist services, and cleaning services.
OFIS Square offers a variety of managed office spaces to suit your company’s needs, making it an ideal choice. With a range of coworking space options available, you can find what you need at OFIS Square.
You get all the premium conveniences and a first-rate working atmosphere with complete privacy.
