5 Differences Between Shared Office Spaces and Managed Office Space in Bangalore

Whether you're a startup, independent contractor, or an established company looking for office space in Bangalore, you'll probably come across phrases like "shared office spaces" and "managed office spaces." Different demands and preferences are catered to by these two types of configurations. To assist you in making an informed choice, let's examine the five main distinctions between them 

1. Adaptability versus Command

Shared Office Space: When it comes to leasing arrangements, shared office spaces are flexible. Desks and private offices are usually available for short-term rental; this is great for small teams or independent contractors who want flexibility and scalability without committing to long-term agreements.

 Managed Office Space: More stability and control are offered by managed office spaces. They entail the long-term, often full-service leasing of an office suite or floor. This configuration is appropriate for larger groups or businesses needing specialized, tailored workspaces.

2. Facilities and Services

 Shared Office Space: These locations are furnished with all the necessary facilities, including meeting rooms, wireless internet, common areas, and occasionally free refreshments. On-demand additional services, such as administrative support and reception assistance, are frequently offered.

 Managed Office Space: Generally speaking, managed office spaces provide more personalization and first-rate services catered to certain business requirements. This can include exclusive access to facilities, round-the-clock security, customized fit-outs, and committed IT support.

3. The Price System

Shared Office Space: Since you only pay for the space and services you use, shared office spaces are affordable, particularly for single people or small teams. The pay-as-you-go concept permits budget flexibility and does away with the requirement for an initial capital investment.

 Managed Office Space: Because managed spaces are customized and larger spaces are leased, they typically have greater upfront fees. However, for established companies looking for a long-term home with full services, they might end up being more affordable in the long run.

4. Social Media and Connections

 Shared Office Space: The chance to network and work together with a variety of professionals who share the same space is one of the main benefits of shared spaces. This creates a lively sense of community, which is perfect for startups and business owners looking to collaborate.

 Managed Office Space: Your staff can work in a quiet, concentrated environment in a managed office, even though there may be fewer opportunities for interaction with other businesses. However, some managed spaces include training and networking events to help residents connect.

5. Growth and Scalability

Shared Office Space: Because shared offices are so easily expandable, you can easily change how much space you need as your firm expands or contracts. If your demands change, you may easily add more desks or take up less space without incurring any financial penalty.

Managed Office Space: Managed offices provide consistency and growth potential all in one place. If your business decides to develop, a managed office facilitates expansion without the hassle of moving.