Top 5 Benefits of Choosing a Managed Office Over Traditional Leases

Signing a traditional office space lease is like paying your phone’s postpaid bill— you’re stuck paying for services you barely use. If you want to leave the connection, too many formalities need to be done! Want to switch to prepaid? That’ll cost you enough time, and not even sure whether the connection will get converted or not! 

Picture this- Your business scales faster, but you’re already committed to a five-year lease with the landlord of a traditional office space. The empty chairs and extra meeting rooms are gathering dust! Breaking the lease means you have to pay the penalty, as the deal is already signed!  

Enter the world of managed office space for startups and established businesses. These office spaces are a goldmine of endless possibilities without headaches. If you’re looking for a premium workspace, the benefits of a managed office are ready to welcome you! 

Managed Office Spaces in India- Recent Picture That’ll Leave You Intrigued 

Despite changing work preferences in India, the benefits of flexible working spaces are inviting more entrepreneurs to start their journey. Besides this, established brands are also considering switching to managed office spaces —an all-inclusive workspace solution. 

According to Avendus Capital, flexible working spaces in India have the potential to present a $9 billion market by 2028. These workspaces offer scalable office space benefits and collaborative environments, making them the ideal choice for both established and startup brands. 

Another report by Cushman & Wakefield claims that the flexible workspaces across top-tier cities in India, including Delhi NCR, Hyderabad, Bangalore, Mumbai, and Pune, reached 58 million square feet. Over 450,000 seats have been leased between 2021 and 2024, which marks a 35-37% annual average growth rate. 

Let’s hear it from Ramita Arora, Managing Director, Cushman & Wakefield- “The flexible space for working is one of the significantly growing segments in real estate. These cost-efficient office solutions for startups and established brands are at the forefront of this evolution post COVID.”  

Harsh Gupta, CEO of Sundream Group, also shared his perspective on the growing demand for leveraging the productivity benefits of managed offices. He says, “The amalgamation of ready-to-use technology and office layouts enables enterprises to improve business efficiency and employee productivity. Additionally, these spaces are ready to help the businesses follow green practices in tandem with wellness features.” 

Office Lease vs. Managed Office: Key Differences

If you’re searching on Google for “Should I lease an office or get a managed space?" and multiple answers leave you overwhelmed, this distinction will help you take your next steps. Not only that, you can optimize your workspace strategy accordingly.

Factors	Managed Office Space	Leased Office Space
Customization	Can be modified to meet specific business needs.	As these spaces are already pre-equipped, you will get a limited scope of customization.
Flexibility	Short-term contracts.	Long-term contracts.
Branding	Based on your business requirement, you can manage the branding part.	Limited scope of branding.
Financial Efficiency	A single monthly fee will cover maintenance, utilities and office supplies.	You need to pay according to the package, even if you’re not using all the amenities.
Boosted Productivity	Fosters productivity through ergonomic furniture and a well-lit workspace.	May have a traditional work-station setup.
Ideal for	Small teams and startups.	Large companies and established businesses.

5 Benefits of Managed Office Spaces You Don’t Know Yet 

What if you can do everything at work and you don’t need to go home except to sleep! Well, you might think that there’s such a workplace that not only boosts productivity in terms of work but also bridges the gaps created due to work pressure.

Sounds overwhelming? 

Not anymore! 

The benefits of managed office spaces will ease your headache by allowing your business to grow. 

1. Cost-Effective  

If you’re facing the issues of spending your hard-earned bucks only to manage a traditional office space and want to get rid of it, one of the primary benefits of managed office spaces will make it easy. Once you choose a managed office space, you avoid the significant expenses associated with setting up your own office. 

The service provider provides office equipment with other items. This keeps your wallet healthy so that you can allocate resources to other office-related expenses. Additionally, you only need to pay for the space and amenities you need. This allows for better flexibility in managing your resources. 

2. Flexibility 

Say goodbye to long-term commitments! With managed office spaces, you can enjoy flexible lease terms that fit your requirements. If you want to expand your team, a managed office space will help you do that easily without the need to search for a new office. On the contrary, if you need to downsize, you can do that easily without any financial penalties.  

3. Prime Location Access

Imagine you choose an IT park for your office space, which requires upfront payments. However, you don’t want to spend your resources on a leased traditional office space. Managed office spaces are available to provide access to exquisite business buildings in prime locations. This will add more credibility, which will attract more clients, partners and investors. These office spaces are conveniently located near public transportation routes, simplifying the daily commute for employees. 

4. Boosted Productivity 

When it comes to productivity, managed office is ready to bring it to the table by helping the employees through well-equipped office furniture and other workspace layouts. Additionally, the natural lighting and open areas contribute to a better working environment. This enhances employee morale and overall performance. 

5. State-of-the Art Services

A workplace consists of basic amenities, such as furniture, internet, and systems. However, managed workspaces offer premium amenities, including recreational areas, lounges, cafeterias, and wellness facilities. Additional services, such as power backup, cleaning, maintenance, and administrative support, are included to enable startups to focus on business growth.   

Choosing a Managed Office Near You? 4 Questions You Must Ask Yourself 

Woo, you’re all ready to choose the nearest managed office space that helps to scale your business effortlessly. Before taking the next step, ask yourself the following questions:

1. What is the Size of My Brand? 

It’s one of the key factors to consider before closing the deal. If you’re a startup or an expanding brand, a managed working space can benefit you due to its flexible leasing options, casual atmosphere, and open floor layouts. 

2. How Much Can I Spend? 

Assess the price multiple times before selecting a manage office space, considering your budget. For example, you may have to spend on modifications. Also, there may be additional costs. 

3. How Important is the Brand Identity to Me? 

If you want to take your brand to the next level, managed offices are the best option. Shape your brand identity with the productivity of your employees, empowered by fresh perspectives. 

4. Does My Business Deal with Confidential Information?  

If you’re handling sensitive data, managed office spaces are the ideal option for growing your brand. Managed office spaces offer higher levels of privacy, which safeguards your data. 

Your Ideal Workspace Awaits!

If you’re ready to indulge in the corporate world without the hassles of long-term commitment, Suits coworking space is ready to welcome you with awesome workstations and world-class amenities. Being one of the best co-working spaces in Jaipur, Suits Coworking always supports a productive work culture, while maintaining work-life balance.  Foster collaboration and productivity like never before!