Managed Office Space vs. Serviced Office Space: What's the Difference?

No longer need to pay for vacant desks and unused conference rooms! Gone are the days of paying high and inflexible rates on office leases. Smart business companies are increasingly opting to adopt smart, managed office space and services office space solutions that expand with them, rather than fight against them. However, the most important question here is what will cost you thousands of rupees for flexible office space or for serviced office space?

This is not merely about seeking office space for rent; it is about deciding on a workspace approach that might or might not help grow your business. Be it a scrappy startup that is ready to scale or an established company that is fed up with spending money on underused workspace, knowing these hybrid workspaces solutions is the key to unlocking the ideal business-ready office infrastructure that can make you successful.

What is Managed Office Space?

Managed office space is the best form of customized workplace solutions. This new form of business-ready office infrastructure implies in addition to the space management being done by a professional third party, your organization has full control over the design, layout, and functionality of your workspace.

A business can have its own, locked office space, which can be customized according to the unique needs of that particular business. managed offices space is also a blank canvas in contrast to other forms of flexible office space, where the company can brand the area and recreate it as theirs.

Features of Managed Office Spaces

• Fully Designed Environment: Build an environment that is uniquely your own in terms of how your brand operates and its aesthetic appearance. 

• Dedicated Private Space: Managed offices are more private office space in nature than other types of shared office space that offer dedicated workspace that is beneficial when a business has to deal with sensitive information or needs to maintain a level of confidentiality.

• Professional Space Management: Your team can concentrate purely on business operations, because facility management, maintenance, utilities, and administrative functions are not left to you, but to skilled professionals.

What is Serviced Office Space?

Serviced office space is the all-inclusive offering of the flexible workspace ecosystem. These business-friendly spaces are intentionally outfitted to meet the needs of the contemporary professional, featuring high-speed internet, fully furnished meeting rooms, reception facilities, and free drinks.

Features of Serviced Offices Space

• Real-time Availability: Walk in, carry your laptop, and you are ready to transact business on day one. Their immediate availability makes them especially appealing to companies entering new markets or seeking commercial space in Jaipur alternatives.

• Inclusive Pricing: They also have all-inclusive pricing packages that cover utilities, internet services, cleaning, reception services, and access to shared amenities, which makes budgeting simple and predictable.

• Flexible Terms: services office space has flexible lease terms, whether you need space for a few months or several years. 

Managed Office Space vs. Serviced Office Space: The key differences

1. Degree of Customization and Control

The biggest difference is the level of customization that each alternative has to offer. 

Managed Office Benefits:

• Freedom of branding and design.

• Possibility to design special layouts that suit particular workflows.

• Physical space provides an opportunity to build a unique company culture.

Serviced Office Benefits:

• None or design decisions are necessary.

• Professional, work-tested setups with plug-and-play office space

• Fewer business owners and less decision-making.

2. Pricing Structure and Cost Consideration

In contrast to services office space, where one usually pays per desk, in managed office space, there is usually a flat charge for the dedicated space. Such a basic variance in pricing structure can affect your overall operational costs in a big way.

Managed Office Pricing:

• Dedicated space charge.

• Improved forecasting of companies in the process of major expansion.

Serviced Office Pricing:

• Typically, it is a per-desk or per-person rate.

• Everything is included and openly priced.

Conclusion

The decision to use managed office space or services office space is a business-level move that determines the direction of your company. The two options provide great benefits compared to a traditional lease, as they allow the flexibility and professional setting that a modern business requires to thrive. Regardless of whether you like the idea of managed offices or serviced offices, understanding your own individual needs and business growth strategies will steer you in the right business direction.

At Suits Coworking Space, we know that the place you select is the key to your success in business. We have the collaborative ethos of coworking integrated into our business-ready office infrastructure, along with the professional benefits of managed office solutions. Whether it is starting a business or an established company, we do not merely offer office space for rent, rather we build growth ecosystems where innovation occurs and the company succeeds.

Frequently Asked Questions (FAQs)

1. Is it possible to change from a managed office space to a serviced office space as my business expands?

   Ans - Absolutely! A lot of businesses begin with serviced offices in order to set up shop and proceed to the level of managed office space once they have certain spatial needs. Suits Coworking Space provides a majority of flexible workspace, a way for businesses to upgrade their solution and not interfere with the transition process to a large extent.

2. How many years is the average lease on managed office space compared to serviced office space?

Ans - For managed offices a fully furnished managed office for rent is normally over a long term, usually 1-3 years, as they have to invest in customization. Serviced offices are far more flexible with lease terms of a few months up to a few years, and most providers provide month-to-month terms.

3. Do managed offices offer the same facilities as the serviced offices?

Ans - Although both of these options offer professional amenities, the scope of the latter is vastly different. Serviced offices are already equipped with some facilities such as reception services and meeting rooms. In the managed category, you will have the option to select and design amenities to fit your needs with Customized workplace solutions.