How Are Serviced Office Spaces Different from Managed Office Space
How Are Serviced Office Spaces Different from Managed Office Space
Make an enquiry!

    How Are Serviced Office Spaces Different from Managed Office Space

    Posted on January 13, 2021

    A serviced office is a workspace that can be rented on a flexible, short-term basis and offers inbuilt facilities such as secretarial support, reception staff and high-speed internet.
    While a managed office is quite similar to a serviced office space, both provide flexible space handled by a separate party.

    The Advantages of a Serviced Office Space

    The agreement length for a serviced office can vary from just one month to 3 years, making this style of structure especially suited for startups and small companies that appreciate flexibility and want to undervalue upfront capital cost such as furnishings.

    • Can be easily set-up –Most serviced office space in Delhi provide ready-to-move premises where you can plug in your system and start working from day 1.
    • More flexibility – Shorter agreements offer incredible flexibility for newer companies.
    • All-inclusive in one bill – The serviced office providers offer attractive built-in features at no extra cost. The features include breakout areas, complimentary tea/coffee and internet, meeting spaces, restrooms, and socialising spaces.
    • Collaborative environments – A shared serviced office space can often provide smaller businesses an increased networking opportunity and encourage collaborative working.
    • Simpler accounting – These kinds of services usually have one invoice, which can be paid monthly for greater cash flow control.
    • Low set-up costs – Serviced office solutions do not require much set-up cost. The provider already does all the furnishings.

    The Advantages of a Managed Office Space

    The average agreement duration for a managed office space in Delhi typically ranges between 1-3 years. Considering it as a more suitable option for startups and growing businesses, an added advantage of a managed office space is the flexibility it offers to brand while customising the workspace.

    • Bespoke set-up – Unlike serviced office space, companies can do fully branding in managed offices and customise their theme or work culture.
    • Built to order & spacious – A managed office space is generally charged as per square foot instead of the space’s number of desks. Accordingly, it is assigned as the amount of space booked in the agreement.
    • Easier accounting – Same as serviced office agreement, a managed office offers the bonus of one, all-inclusive monthly bill – proposing SMEs greater control of their cash flow.
    • Flexible deposits & lower set-up costs – Compared to the conventional space where a massive sum of money is required as a deposit, a managed office space is more flexible, as the provider spends for the fit-out and deposits vary between 2-3 months’ rent.

    Author: Anvesha Sharma


    Leave a Reply

    Your email address will not be published. Required fields are marked *

    Make an Enquiry

      ANI The Financial Express Franchise India IANS Hindustan Times Outlook Mail Today Business Standard The Statesman Franchise India Entrepreneur Financial Chronicle