As the demand for commercial office spaces is increasing rapidly, businesses are presented with a range of options, including coworking and managed office spaces. These two options have become popular among businesses, but they serve different purposes. In this article, we'll discuss the difference between coworking and managed office spaces, and why one might choose a managed office space over a coworking space.
What are coworking spaces?
Coworking office spaces are shared office spaces that offer flexible and affordable workspaces to individuals or businesses. They are designed to provide a collaborative and social environment for entrepreneurs, freelancers, and small teams who want to work in a professional setting without the high cost and commitment of a traditional office lease.
Coworking spaces are typically managed by a third-party provider who handles everything from leasing the space to managing the amenities and services provided. They are typically in central business districts, offering easy access to transportation, restaurants, and other businesses.
What are managed office spaces?
Managed office spaces are fully furnished, serviced, and customized office spaces that are leased on a long-term basis. Unlike coworking spaces, managed office spaces are typically leased to a single business, providing the business with complete control and privacy over the space.
Managed office spaces offer businesses a range of amenities and services, including high-speed internet, conference rooms, and reception services. They are designed to provide businesses with a turnkey office solution, allowing them to focus on their core business operations while leaving the day-to-day management of the office to the service provider.
Also Read: Smartworks' recognition as India's Growth Champion 2023
How are managed office spaces different from coworking spaces?
The primary difference between managed office spaces and coworking spaces is the level of privacy and control provided to businesses. Managed office spaces are designed to provide businesses with a dedicated, private space that they can customize to meet their specific needs. Coworking spaces, on the other hand, are shared spaces where businesses work alongside other individuals and businesses.
Managed office spaces also offer businesses greater flexibility and control over their office environment. Businesses can choose the layout of their office, the furniture, and the amenities they want to include. They also have control over who has access to their office, allowing them to create a more secure and private work environment.
Another key difference between managed office spaces and coworking spaces is the cost. Managed office spaces are typically leased on a long-term basis and require a significant upfront investment. Coworking spaces, on the other hand, offer businesses a more flexible and affordable option, allowing them to pay for only the space they need on a monthly or even daily basis.
Reasons to pick managed office space over coworking space
While coworking spaces offer many benefits to businesses, managed office spaces may be a better option for businesses that require more control, privacy, and customization. Here are some reasons why businesses might choose a managed office space over a coworking space:
1. Privacy and control: Managed office spaces offer businesses complete control and privacy over their office environment. They can customize the space to meet their specific needs and have control over who has access to their office.
2. Professional image: Managed office spaces offer businesses a professional image that can help them attract and retain clients. The space is fully furnished and equipped with everything businesses need to run their operations.
3. Security: Businesses opting for flexible workspaces enjoy a more secure and private work environment than coworking spaces. They typically have security measures in place, such as access control systems and surveillance cameras, to ensure the safety of businesses and their assets.
4. Cost savings: Managed office spaces are subsequently more cost-effective in the long run. Businesses can save money on furniture, equipment, and other office-related expenses, as these are typically included in the lease agreement.
Also Read: GHANSHYAM SARDA advises budding entrepreneurs
To sum up, coworking spaces and managed office spaces serve different purposes and cater to different business needs. While coworking spaces offer a flexible and social work environment, managed office spaces offer businesses greater privacy, control, and customization. Businesses that require a more secure and professional office environment, as well as long-term cost savings, may find a flexible space to be a better option. The office spaces have been a go-to for enterprises across the country for they provide enterprises to set up shop in multiple cities and centers while also staying connected. The choice lies in the business’s hands and their requirements overall requirements, but it is suggested that enterprises and large businesses opt for the privacy & customizability of a managed office space.
No comments yet