This Case Study Can Assist You To Selecting The Best Serviced Office
A serviced office is a completely furnished and equipped pay-as-you-go office space in a building maintained by a third party. Clients will be able to hire individual serviced offices or entire floors from operators, providing them with private, prepared office space on favorable terms.
There are around 18,700 coworking office spaces across the world right now. The number is increasing on a daily basis, and by 2025, it is predicted to reach approximately 26,000.
Executive offices, managed offices, rental offices and business centers are all terms for serviced offices. Serviced office management companies are responsible to maintain the facilities and welcoming enterprises.
Key Points:
1. One of the pillars in establishing the ideal work atmosphere is the position of your selected serviced office space.
2. Pricing is quite important when looking for temporary office space.
3. Another consideration when looking again for best coworking office space is the ability to maintain a consistent and reliable line of communication with your landlords.
Serviced-Office: Pros Vs Cons
We’ve previously discussed the indicators that you’re quick to switch into an office and estimated the cost of a serviced office, but we believe it’s only fair to provide both the advantages and disadvantages of a serviced office to help you make an informed decision.
Pros:
1. Leases for a Limited Time: Rather than signing a long-term lease, which could become an albatross around your neck in today’s more uncertain business environment, a rental office will be offered on a short lease, such as 12 months or less. This is especially enticing to small firms that don’t have the economic means to pay for a 5-year lease up front.
2. Time: Another significant benefit of a typical serviced office agreement is that it is far less complicated than a regular leasing agreement. This saves time and money in the long run, albeit each arrangement should be thoroughly scrutinized to see exactly what is included by the monthly price and what can be paid in cash on a pay-per-use basis.
3. Simplicity Of Pay: The rental office concept means that a single payment covers a large number of the auxiliary chores and expenditures that come with leasing a business location. These may include office housekeeping, paying company tax, employing a receptionist, and even some food services, depending on the nature of the particular deal.
4. Cost Transparency: The expenditures of getting a space up to pace are included in monthly or quarterly charge, giving budget and financial planning a level of certainty. A rental office will also provide you more options, with many serviced offices allowing you to choose between a per-desk or per-square-foot charge.
Cons:
1. Branding Defects: Aside from adding a few interior design elements to your own personal office spaces, creating a sense of individual branding will be challenging at a larger rental office facility. This may appear to be a luxury more than a requirement in the early years of a business, but as a company grows – especially if that expansion includes visits to a premises – the power to make a distinct background by the use of décor and signs will become more crucial.
2. Privacy Concern: If your firm suffers from a loss of privacy, the bustling public working space that was earlier emphasized as an advantage could become a drawback. Employees may detest temporary office space – even communal spaces like restaurants – with a diverse variety of brands, and if frequent visits play a big role in how you work, the lack of privacy may appear to be a lack of class.
3. Basic Control: The level of control you have on the entire facility is one of the main advantages of a typical lease agreement of temporary office spaces. This can be seen in factors like furniture selection and the usage of partitioning to establish distinct work zones. These could be a combination of individual small cubicles and a bigger room for collaborative work, utilizing whatever mix of closed and open areas is optimal for your personnel and working patterns.
Differences: Serviced-Office Vs Co-working Office
If you require the following, the serviced office is perfect
1. The ability to access desirable business locations
2. Traditional leases have higher fees.
3. Lease conditions that are flexible
If you don’t require the following, the serviced office is not perfect
1. Want their company’s corporate identity or culture to be represented in their workspace?
2. Do you require customized solutions?
3. You’ll need total control over meeting rooms and common areas.
By balancing flexibility and stability, serviced offices are great for organizations wishing to cut their overheads and expenses.
Advantages: There are no building maintenance issues and Private meeting rooms are available for 90% of the serviced office.
If you require the following, the coworking office is perfect
1. More adaptability
2. A short-term lease is an option
3. Office spaces that are highly social, creative, and collaborative.
If you don’t require the following, the coworking office is not perfect
1. Do you require complete privacy or do you have severe confidentiality requirements?
2. You’ll need a lot of administrative help
3. Want to have complete control over the workplace layout, branding, and other aspects?
Coworking spaces may offer basic infrastructure, but they rarely give the administrative assistance that temporary office spaces do.
Suggestion: 65% Freelancers and agile start-ups, particularly those with a collaborative working spirit, are more suited to coworking settings.
Future Of The Serviced-Office
Added to the fact that the pandemic’s economic impact is expected to persist far into 2021 and even beyond, firms will undoubtedly seek a more adaptable office spaces arrangement. When a big percentage of workers indicates a desire to work from home at least a small part of the week, negotiating a multi-year contract on wide scale temporary office space would make considerably less sense. A mixed working pattern in which various employees split their time between home and office on different days would likely render the traditional lease model outdated, and this is precisely the type of working environment for which the serviced office alternative was developed.
Our Services
We provide an adaptable workplace in Bangladesh that can help your business develop. From excellent furnishings and fast Internet to housekeeping and utilities, you’ll have all you need to flourish. Scale your workplace to fit any size team, whether you only need a few workstations or an entire floor. And you can stay for a day, a week, or many years, tailoring your surroundings to your preferences. Get more information about serviced office space to visit our site and contact us.
