Since the start of 2020, conventional office space and current office space in 2021 commercial real estate have gone through a metamorphic change.
Office Space has been reimagined, keeping continuity of work and the safety of employees in mind.
Hiring the right talent for your organization has always been tantamount, but what has become just as important in recent times is to give a congenial work environment to your staff so that they can maximize their output. Therefore, it is important to choose the right office space for your team.
Here are different types of office space in India mentioned below:
These are usually located in individual buildings, and often a part of an official complex. Owners have a choice to lease such spaces furnished or bare-shell.
Here are a few salient features of traditional office spaces:
-- In bare-shell office spaces the lessee must arrange for all the furnishing, fittings & fixtures, internet, seating arrangement, etc.
-- It is highly customizable as per the look and feels the lessee wants. However, such customization has a sizeable monetary impact.
-- Traditional office space inventory is mobilized through brokers or through landlords directly.
-- This type of office space is more suited for big-sized companies.
Business centers or managed office spaces offer premium facilities like a common reception, well-equipped cafeteria, reserved parking, etc.
Because of their operational advantages, rents for managed office spaces are quite competitive.
Their features are:
-- Such spaces are fully equipped and are managed by a facilities management team, whose expenses are borne by all lessees of the managed office spaces.
-- The facilities management team takes care of all support functions like internet connectivity, power backup, etc.
-- Managed office spaces are customizable to each office’s personal requirements.
-- Since more office space in terms of seating capacity is usually available, upscaling or downscaling is relatively easier.
-- This type of office space is more suited for mid-sized companies.
The newest kids on the block are co-working office spaces. The biggest difference here is that you can avail of office space on a per-seat basis.
Or if you would like a certain number of seats in a lockable format, then that is also available.
-- Also called plug-and-play offices.
-- They are extremely customizable. Office space is shared with other offices.
-- Seats are available to individuals and, in most cases, on a daily basis also.
-- Common areas like the cafeteria, high-speed internet, reserved parking, maintenance, etc, are all provided for.
-- Rates for co-working spaces are very competitive.
-- Such office spaces are not customizable as per each lessee. They follow the furnishing and seating plan of the entire co-working space.
-- Upscaling and downscaling team seating for lessees is very easy. All they have to do is pay for an extra seat(s).
-- This type of office space is most suited for start-ups and freelancers.
This type of office space has become very relevant since the advent of the pandemic.
Virtual office spaces allow the team members of an office to work virtually from anywhere in the world. They give a physical address and a business email id. The team can then log in from anywhere.
There may or may not be a dedicated phone operator who would work calls to the respective teammates.
-- Virtual office spaces give a professional look to the client without having to actually pay for a physical office space.
-- It saves on rental expenses of having to pay for a physical office space.
-- The team or office members can work from anywhere.
When considering office design trends, it’s always important to consider how they’ll impact your employees’ motivation, health, and productivity, but also the cost of implementing those elements.