Over the past decade, businesses of all sizes have recognised the financial benefits of managed workspace.
Now, the hybrid workplace model is emerging as a logical way forward. Especially for medium to large enterprises, this is adding to the value of managed workspace – which is emerging as a key component.
What is a managed workspace?
A managed workspace is a fully outsourced business environment.
It’s a fully equipped and functional office or coworking space, often with supporting business services. It has shared facilities and break-out zones.
Everything – from the décor and layout to office management and maintenance – is handled by a third party.
Balance sheet benefits of managed workspace
Here’s a roundup of how managed workspaces can benefit the balance sheets of companies operating in South Africa.
1. Rapid deployment of workspace
Pre-existing and fully functional workspace solutions enable instant office set-ups. Layouts are adaptable and can easily be re-aligned to individual business requirements.
There’s no disruption to business operations nor income streams because work teams, at one or more locations, are in place almost immediately.
2. Predictable business expenses
Corporate members are charged an all-inclusive rate for the use of serviced and managed workspace, plus a range of support services including fibre and Wi-Fi internet connectivity, reception services, business services, secure parking and so on.
Monthly expenses for the basic operation of the business are established on signature of the lease. They are set for the full rental term.
3. Reduced overheads
Inclusive or on-demand “pay-as-you-go” access to shared business services and facilities caps business overheads and increases profitability.
The supplier has increased buying power, which keeps costs at levels inaccessible to individual business owners.
4. Limited liability
An affordable, fixed monthly rate for the managed workspace is the only liability businesses have in respect of real estate.
All other costs, including security, building insurance, maintenance, cleaning services and office refurbishments, are covered by the supplier.
5. Optimised agility and adaptability
Businesses can adapt the workspace footprint up, or down, as operations demand. Spatial flexibility cuts wasteful expenditure, while maximising output.
By having the freedom to up- or down-grade to more suitable turnkey work environments located within the same premises, enterprises can use available workspace more efficiently.
6. Greater spatial efficiency
Managed workspaces are designed to provide comfortable, collaborative and comparatively high-density office environments based on the most efficient use of space.
Access to common facilities, such as meeting and boardrooms, kitchens, outdoor recreational areas and chill-out zones, ensures businesses are not saddled with under-utilised areas that typically attract high rental rates.
7. Accelerated speed to market
Outsourcing office requirements to third-party suppliers specialising in the workspace niche allows businesses to focus on core business competencies. The result is enhanced speed to market and improved capital inflows.
8. Access to market-specific networking and support
Managed offices with shared amenities and located within a larger business-oriented environment promote networking and collaboration between professionals working in complementary markets.
The managed workspace is an ideal meeting place for creative business minds.
Contact The Workspace for affordable managed workspace
At The Workspace, we offer affordable, fully serviced offices and coworking, and all our members have access to meeting rooms, boardrooms and a range of business services.
Contact us for more information about the possible benefits of our managed workspace for your business or to discuss your needs.