Ultimate Guide The Differences Between Serviced, Conventional And Managed Offices
- October 19, 2024
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If you are looking for office space, choosing the correct one is extremely important for your business. The type of office space you choose also determines your staff morale and affects how you carry on day-to-day activities. Apart from all this, it also marks your brand image. So, an office space in Noida is suitable for all the right reasons. To convince you further, the demand for office spaces in Delhi NCR will touch 11 million sq. ft. in 2023. Therefore, you can understand the benefit of choosing an office here.
Moreover, when choosing a managed offices space in Noida, make sure of the following factors – the location of the space, the costs involved, the size of the space, the infrastructure offered (if any), and whether the space represents a contemporary look or otherwise. With the growth of the start-up culture and how large corporations are shifting to new buildings, there are three different types of office spaces available today namely – serviced, conventional, and managed offices.
Read along to understand which office will be the best suited for your business.
A brief overview of serviced, conventional and managed offices
An office space or best coworking spaces in Noida could be a small room, an entire building, or a single floor. Today employees are not only concerned about which company they work for, but they additionally take into account the facilities available within the office premises, infrastructure, and the work style.
Serviced offices
A serviced office is a type of office that is wholly furnished. This office space is also available with building management services and other additional facilities, such as internet connection, meeting room, communal break rooms, printers, telephones, Wi-Fi, reception staff, cleaning services, and similar other facilities. The leasing agreement is pretty flexible, as businesses can either take a single office or an entire floor. Moreover, the process is hassle-free as the building operator takes care of almost everything, in exchange for which you only have to pay a monthly fee.
Managed offices
There is a common misunderstanding that serviced and managed offices are the same, but in reality, they are a lot different. The best managed offices spaces are a type of purpose-built office space. Companies opting for it have a lot of control over the space. For instance, they can furnish and equip the space in a way that suits their business needs. While hiring it, the space is almost empty, offering businesses more control over the space. Apart from this, managed offices in Noida sometimes feature some basic infrastructure and admin services which are included in the monthly fee.
Conventional offices
Conventional office space in Noida is leased to a company at a price per square foot per annum. However, businesses can use the space entirely the way they want after taking the landlord’s consent. Once the lease agreement is done, the company must manage and maintain the different facilities. Additionally, you can add your brand identity at the entrance of the building and anywhere else. Unlike other types of office spaces, the lease agreement for conventional offices is available for a longer period of time.
The difference between serviced, conventional and managed offices
Serviced Offices | Conventional Offices | Managed Offices |
Flexible office space. | Fixed office space. | Semi-flexible office space. |
Easily expandable and customisable. | Is not expandable by nature. It is customisable but is cost-centric. | Expandable and moderately customisable (involves cost). |
Includes high-end services like cleaning, housekeeping, security, reception, parking, and similar others. | All facilities and services need to be availed from different service producers. | Might include services like cleaning, housekeeping, security, reception, parking, and similar others. |
Available at prime locations at reasonable rates. | Leasing at prime locations is very costly. | Available at prime locations at moderate rates. |
Companies can take the space for a month or a year. Flexible contracts. | Only available for long-term and you can only get it for a year or more. | Flexible leasing agreement available. |
Involves transparent and fixed charges. More control over the budget. | Involves mandatory recurring expenses. Less control over the budget. | Might include recurring expenses. Depends on the services available and the ones you get from outside. |
Fully furnished. | Furnishing is not included. | Partially furnished. |
Operator of the building takes care of the facilities and services. | You have to hire third-party vendors and services. | Operator of the building takes care of the facilities and services. |
Companies only have to pay a single fee every month. | Have to pay multiple bills and invoices. | Companies only have to pay a fee every month. |
Offers collaborative and networking opportunities. | Does not offer collaborative and networking opportunities. | Might offer collaborative and networking opportunities. |
OFIS Square is changing the landscape of office leasing
Ofis Square is changing the idea of managed offices and co-working spaces by offering facilities like:
- Tech-enabled meeting rooms
- Movie theatre
- Unique and comfortable infrastructure
- Video studio
- Collaboration room
- Board room
- Conference room
- Secure and private cabins
- Cafeteria
- Buffet area
- Auditorium
- Recreational spaces
Ofis Square aims to promote an ergonomic and modern culture that enables everyone in the company to work side by side independently. And all these facilities are available to you on a very pocket-friendly budget.
Parting thoughts
In conclusion, if you are a start-up owner or have been running a large organisation for quite some time now, it is best that you understand the terms and conditions of leasing conventional, managed or serviced office spaces. The cost of getting these best virtual offices spaces in Noida, a, flexibility, privacy measures, available facilities, and space control are entirely different. Thus, the best way to choose the ideal office space for your company is to estimate the pros and cons of the three types of office spaces. Furthermore, analysing your long-term business plans is also recommended and beneficial.