Stylework Team
Modern work culture has changed significantly in the last couple of years, mostly due to the adoption of flexible work arrangements and new business requirements.
In a list of new and progressive workspace models, managed offices boast of being leaders in implementing change regarding flexibility and efficiency.
Driven by the challenges and uncertainties organizations face when adapting to a new reality of hybrid work, increased operations costs, and the changing workforce, managed offices provide a viable answer to fill the gap between conventional office premises and flexible coworking platforms.
The Rise of Flexi Workspaces
The term flexi workspace covers all the concept styles that provide essential solutions for every fluctuating company. This comprises coworking spaces, shared offices, hot desks, and virtual offices as well as intends to foster flexibility and agility.
According to a report, the global coworking market is projected to reach $15.7 billion by 2028, reflecting a significant increase from $8.8 billion in 2020.
Also, companies understand the new, so-called, hybrid, work arrangements, meaning employees commute between home and the office.
Unlike conventional offices where there are expectations of long-term tenancy large-scale investments and fixed structures, the modern flexi spaces allow organizations to expand or contract with low costs attached to fixed overheads.
Flexi workspaces have given rise to managed offices primarily because the demand for flexible workspaces expands the concept of flexibility further.
Managed Office Trends
1. Higher Usage of Cooperative Working Environments
A Deloitte Global survey that captures current and future trends in corporate real estate reveals that 69% of corporate real estate executives have indicated that their organizations schedule to flexibly adopt and implement more flexible workspaces in the next 3 years.
2. Looking at the flexible workspace market and show the growth.
The flexible workspace market growth has been at a Compound Annual Growth Rate (CAGR) of 23% within the past five years, according to the report by Allied Market Research.
3. The lessons behind the fourth value, scalability in corporate real estate, are as follows.
A report by JLL also points out that up to 30% of corporate real estate portfolios could be comprised of flexible workspace offerings by 2030.
4. Most organisations that implement the managed offices solution note a significant reduction in their overall expenses.
Research that has been done by Instant Offices shows that business persons can cut operating expenses by up to 25% if they opt for managed office space instead of signing leases.
5. Business Connection Possibilities For Those Working in Coworking Spaces
A survey by DeskMag shows that 82% of people, who use coworking spaces, have mentioned the fact of the increased professional circle.
Also Read: Why Large Companies Opt for Managed Office Spaces
Why Managed Offices Are the Future of Flexi Workspaces?
1. Scalability
Outsourced offices help organizations to fashion their operations in ways that can be tailored to their requirements.
Managed offices are a perfect partner when it comes to growth or reduction in workforce since they enhance transitions without necessarily going for real estate hunting or struggling to terminate leases. A recent survey found that 85% of businesses that have adopted managed offices reported increased operational efficiency and scalability.
2. Customizable Spaces
Solutions are proposed according to individual preferences concerning the office layout, designs, and technical support. This leads to a situation where business people can put into place measures that can help foster productivity while at the same time taking care of their business entity.
3. Financial Advantage
A study revealed that businesses using managed offices can reduce their operational costs by an average of 20%Managed offices offer a one-stop solution for businesses, streamlining operational costs and reducing overhead expenses.
By bundling essential services like utilities, office equipment, and maintenance, they eliminate the hassle and variability of traditional workplaces. This can be particularly beneficial for growing businesses seeking to optimize their finances.
4. End-to-End Service
According to a report, 90% of businesses using managed offices reported improved employee satisfaction due to the wide range of services offered.
Several services are offered with managed offices ranging from IT support administration, reception, and meeting room services, to access to a break or event area. This integrated service model enables organizations to strive in their specialized areas while contracting the management of the office to the supplier.
5. Hybrid Work Solutions
The type of offices offered are flexible in terms of space and this makes the occupant pay for space depending on his or her requirement at a particular time. This is especially advantageous to organisations that seek to provide options to employees to either work from home or go to the office.
Also Read: Empowering Teams: The Guide to Hybrid Activation
A Future-Proof Solution
With this in mind, managed offices are likely to remain as niche and adaptable as they are now, and this flexibility coupled with service integration and, service customisation should propel them forward even though they aren’t traditional or a part of the coworking revolution.
Organizations that comprehend the importance of flexibility and employee satisfaction will probably tend to managed offices as the final model of a contemporary commercial building.
Thus, managed offices as the next phase in the flexi workspace model are the future tool of success for contemporary business.