What is Managed Office space along with benefits & features?

In today's fast-paced corporate world, the evolution of work styles is remarkable. Businesses, particularly multinational corporations (MNCs), are actively exploring flexible and economical solutions for their office space necessities. The concept of managed office space, also known as serviced office, is gaining prominence as a solution that allows corporates(Ideal for 50+ team size) to focus on their core business while entrusting office space management to experts.?

This model involves an operator overseeing the leasing of single offices or entire floors, incorporating design innovation, cutting-edge offices, and tech adoption to optimise space and cost.

Managed Office Space empowers businesses with significant cost savings and access to exclusive amenities, cultivating a thriving and supportive professional work environment. In this article, we will delve into the essence of managed office space, explore its benefits for businesses, and guide you in selecting the right workspace tailored to your needs.

What Is Managed Office Space?

A managed office also known as serviced offices refers to an office space leasing where a single vendor, known as the Operator, handles rental, CAM (Maintenance), capex (furnishing), as well as end-to-end services such as IT, facilities management, and utilities.?

Managed offices are designed and furnished according to clients' requirements, incorporating their branding and equipped with amenities such as meeting rooms, reception support, and more.?

This arrangement allows businesses to focus on their core activities while outsourcing workspace management to a specialised provider. Managed offices offer flexibility and cost-effectiveness compared to traditional leasing options, catering to both MNCs and startups.

Advantages of Opting for a Managed Office Space

Opting for a managed office space provides businesses with several advantages, including flexible leases, shorter commitments, and customised layout options without the need for CapEx investment. Additionally, managed office spaces offer fully managed services, rapid setup, and handover, leading to networking opportunities that enhance productivity.

Cost Effectiveness:

• Choosing managed office space might be a wise choice for companies looking to cost effective office spaces. Businesses can avoid making upfront capital investments in office infrastructure, furniture, and equipment by utilising managed spaces. Managed office spaces offer affordable leasing options, including both long-term and short-term arrangements, enabling businesses to use only the necessary space. Shared amenities, such as cafeterias, further reduce costs.

Customised Layout and Brand Consistency:

• The customizability of managed offices proves highly beneficial for businesses aiming to establish a consistent brand image and culture. Tailoring decor, layout, and furniture fosters a sense of belonging among employees, contributing to a unified brand identity. Simple elements like incorporating plants can enhance employee well-being and reduce stress. This flexibility in customization empowers businesses to create a workspace aligned with their brand, fostering a positive and cohesive environment.

Enhanced Flexibility:

• Managed office spaces offer an ideal setting for dynamic businesses, providing the flexibility to adapt quickly to changing needs. These spaces allow for flexible leases and shorter commitments compared to traditional offices. Additionally, managed offices are often part of larger premises, enabling businesses to access additional space as needed.

Simplified Operations for Enhanced Productivity:

• Choosing a managed workspace enables businesses to redirect their focus from office management to core business activities. Businesses often find that office management consumes valuable time that could be utilised more productively. With an office supervisor overseeing operational aspects, businesses can concentrate on core priorities, leading to increased efficiency and productivity. The managed workspace setup provides a streamlined environment, allowing businesses to thrive without the distractions of administrative tasks.

FAQs

How can privacy be assured in managed offices? Managed office designs are completely flexible and depend on business needs, with options for separate reception and waiting areas, lounges, and pantry areas incorporated into the layout with secure access to your office premises.

How do lease terms in managed office spaces compare to conventional leases? Unlike conventional leases, managed office spaces typically offer greater flexibility. These leases commonly operate on a 1-year to 3-year commitment, granting businesses the freedom to reevaluate the office space needs as business grows . This flexibility enables businesses to seamlessly adapt to evolving requirements.

What amenities and services are provided by managed office operators? Managed office amenities are akin to those of private offices and typically include dedicated pantry staff, internet access, housekeeping services, security cameras, tea/coffee facilities, printers, and more.

What role does myHQ play in choosing a managed office? myHQ plays a pivotal role in choosing a managed office by providing a platform where businesses can access comprehensive listings, receive personalised recommendations, and benefit from transparent information. Additionally, myHQ offers expert guidance and facilitates a streamlined process, ensuring that businesses find the perfect office space to meet their needs and propel their success forward.

Conclusion

In conclusion, managed office spaces offer time and cost savings, allowing focused attention on core activities. Beyond practical benefits, they provide stability for dedicated business operations. The symbiotic relationship between providers and multinational corporations proves innovative, bridging the gap for agile and cost-effective workspace solutions.?

As this trend gains momentum, managed office spaces become integral to the modern corporate landscape. For a space embodying these features, explore myHQ's diverse offerings, ensuring a thriving environment for your business with expert assistance.