Introduction
Managed offices are gaining popularity. They have several advantages, but they also have a few disadvantages. Let’s look closely to decide on the most suitable choice for your business.
What are Managed Office Spaces?
Managed office spaces are ready-to-use offices. In other words, everything is taken care of by a company, including:
- Furniture
- Internet
- Utilities
- Cleaning
- Maintenance
These spaces are spread throughout Delhi NCR, including office space in DLF Cyber City, Gurgaon and Golf course road.
Advantages of Renting Managed Office Spaces
There are a few advantages of leasing managed office spaces, such as:
Economical
Managed offices will help you come out much more economically. Here’s how:
- There are no huge upfront costs for furniture and equipment.
- Anticipated monthly expenses
- No maintenance staff is required to be hired
- Flexibility in lease
For instance, renting office space in Delhi will be more cost-effective than setting up an office from scratch.
Time- Saving
Time is business money. Managed offices save time by:
- Being usable from day one
- Taking care of all issues related to maintenance
- Managing utilities and internet
- Taking care of reception services
This means you are free to work, not manage offices.
Flexibility
Businesses change over time. Managed offices offer flexibility because:
- They are easy to scale up or down.
- Short-term leases available
- Option to change locations
This is great news for growth companies and companies that want to test new markets.
Professional Image
First impressions create a feeling that may make a lead become a permanent client. The managed offices help you look professional:
- Prime locations like office space in Golf Course Road, Gurgaon
- Well-designed, modern spaces
- Professional reception areas
- Meeting rooms for client meetings
These will help in boosting your company’s image and credibility.
Networking Opportunities
Many managed offices will have shared open areas where people can be found. This could lead to:
- New contacts
- Potential business opportunities
- Learning from and interacting with professionals
- Collaboration opportunities
It’s pretty much a built-in business community.
Additional Facilities or Amenities
Managed offices have additional amenities or facilities such as:
- High-speed internet
- State-of-the-art meeting rooms
- A cafeteria or pantry
- Gym or relaxation area
- Parking lots
The amenities above can make work-life more comfortable or even impress clients.
Drawbacks of Renting Managed Office Spaces
With advantages, there are a few disadvantages of leasing managed office spaces, such as:
Less Control Over Space
You will have less say about the following in a managed office:
- Office Layout
- Decor and branding
- Choice of furniture
- Operating hours of the building
This may be frustrating if you have specific needs or want to brand your space heavily.
Potentially Higher Long-Term Costs
Although cheaper in the short term, managed offices may cost more over time:
- The monthly fees are higher than traditional leases.
- Additional services costs soon mount up.
- No equity is created in the property.
Over time, buying or leasing conventional space might be cheaper.
Less Privacy
Most managed offices are spaces shared by others. That is to say:
- Other businesses may be close by.
- The walls may not be that thick.
- Conversations over sensitive issues may be overheard.
This could be a concern for companies dealing with sensitive information.
Limited Customization
Most managed offices have a specific design. You may not be able to:
- Paint the walls
- Special equipment installation
- Space renovation
This will be very limiting to enterprises that require a lot of space.
Potential for Distractions
Shared space could be noisy. You will have to put up with:
- Conversations from other people in the other offices
- To and from traffic in the common areas
- Usage of the meeting rooms
This might be an issue for some employees.
Whim of the Provider
You are at the mercy of the managing company when it comes to so many aspects:
- Utilities and internet access
- Repair and maintenance
- Security
Poor performance on their part may be reflected in your business processes.
How to Select the Correct Managed Office Space
Once you opt for a managed office, here are some factors that you should take care of:
- Location: Is it accessible for employees and clients? For some businesses, office space in Sector 42 may be ideal.
- Budget: Let the total cost be within your budget. Add up all the fees and services.
- Size: Find a place that will fit your employees comfortably. Remember to leave room for any expansion that may happen in the future.
- Amenities: What other things are crucial to your company? Now, list the things you absolutely cannot survive without.
- Community: Other businesses will be housed there. Will this help you with your networking?
- Reputation: Research the company running it and the real cost-effectiveness of maintaining professionally managed office space in Delhi.
Conclusion
Each offers a different set of pros and challenges. On the one hand, managed office spaces offer flexibility, cost-effectiveness, and professional environments; on the other, less control and possible privacy concerns might be given. It depends upon your business’s requirements and objectives.
