Traditional offices have been the standard for companies for many years. They offer a dedicated space for employees to work, with all the necessary amenities and equipment. However, traditional offices can be expensive and inflexible, making them a less ideal option for the changing landscape of companies nowadays.
Custom-designed managed office spaces are a newer, better alternative to traditional offices. They offer managed office spaces for rent on a monthly basis, making them a more affordable and flexible option. Managed office spaces at a coworking or shared office space also offers a variety of best-in-class amenities and services, such as high-speed internet, 24×7 power backup, security and surveillance, administrative and housekeeping management, vibrant and engaged community, and lots more.
Traditional offices typically require a long-term lease, which can lock you into a specific location and amount of space for an extended period of time. This can be a disadvantage if your business is growing or shrinking rapidly, or if you need to move to a new location quickly.
Managed office spaces, on the other hand, are far more suitable to hybrid model of working and flexi office as they typically offer month-to-month leases. This gives you much more flexibility to grow or shrink your business or move to a new location as needed. This can be a major advantage for businesses that are constantly evolving or upgrading or downsizing and hence, require flexible workspaces.
The upfront costs of setting up a traditional office can be significant. You will need to rent or buy office space, furnish the space, and purchase office supplies. You will also need to pay for ongoing expenses such as rent, utilities, security and surveillance, and furniture maintenance along with administrative and maintenance management.
Coworking spaces are typically much more cost-effective than traditional offices. You only pay for the space you use, and all of the overhead costs are covered by the coworking space provider. This can save you significant money, especially if you are a small business or startup.
Traditional offices can be isolating, as you are often working in a silo with little opportunity to collaborate with others. This can make it difficult to share ideas, get feedback, and build relationships with colleagues.
Coworking spaces are designed to promote collaboration. You will be surrounded by other businesses and professionals, which can lead to new partnerships and opportunities. Additionally, you will have the opportunity to be part of networking events such as interactive speaker sessions, workshops, festival celebrations etc. You will also have the chance to network with other entrepreneurs, business owners, and professionals. This can be a valuable resource for finding new clients, partners, and employees.
Traditional offices can be a good place to network, but it can be difficult to meet new people and make connections. This is especially true if you work in a large company or organization.
Coworking spaces in Bangalore are a great place to network. You will have the chance to meet other entrepreneurs, business owners, and professionals from a variety of industries. This can be a valuable resource for finding new clients, partners, and employees.
Traditional offices typically offer a limited range of amenities, such as a conference room and a break room. Some traditional offices may also offer amenities such as high-speed internet, printers, and copy machines. However, these amenities are often not included in the cost of the lease, and you may have to pay additional fees to use them.
Shared office spaces often offer a wider range of best-in-class amenities, such as high-speed internet, 24×7 power backup, AV equipped conference rooms, breakout zones, security and surveillance, ergonomic furniture, IT support, and lots more. These world-class facilities are typically included in the cost of the membership, so you can use them without having to pay additional or at best, pay minimal fees.
Traditional offices are typically located in business districts, which may or may not be convenient for employees who commute. Plug and play office spaces are located in prime IT or business hubs that are easily accessible besides being prestigious business addresses. They are usually surrounded by business districts, residential neighborhoods, educational institutions, and recreational centers. This gives you more flexibility to choose a location that is convenient for your employees, customers and clients.
Thus, to conclude, your specific needs and budget impacts your choice of managed office space. If you are planning for choosing or booking custom-designed managed office space, then make sure to drop by for a tour to one of iKeva’s managed office centers across Hyderabad, Bengaluru and Mumbai.