Flexible workspace is a term that has been making rounds in the business world, and owing to its benefits, a lot of professionals are now adapting to it.
Thanks to the evolution of office space solutions, we now have several innovative options that can be built around a business’s requirements. An entrepreneur from Mumbai can now effortlessly get an office space in Chennai and set up their business in a new city with whatever services and amenities they desire, all at a reasonable cost.
Since the office is the place where most professionals spend most of their day, it needs to be the right blend of comfort and space while inspiring people to perform their best. Finding the perfect type of office does not necessarily mean casting a hole in one’s pocket.
Entrepreneurs need not bear the cost of a traditional office and can find an innovative office space solution that caters to their company’s needs precisely.
To help you gain a deeper understanding of the subject, here is a quick overview of the different types of office spaces in Mumbai and several other metropolitan cities across India.
Different Types of Office Spaces
Shared Office Space
If there is a type of office space in Mumbai or any other metropolitan city that has gained immense popularity over the last decade, it is shared office space. These types of offices spaces are a robust solution for business owners who have recently started their entrepreneurial journey.
People who are in the initial stages of business and need flexibility in their workspace can benefit largely from this type of office space. Shared office spaces promote teamwork and easy communication along with umpteen networking opportunities while reducing expenses to a minimum.
Businesses can upscale and downscale their headcount as they please by renting as many desks as they require with shared office spaces.
Serviced Office Space
Your office space solution provider will oversee and provide support for all your business requirements when you are in the serviced office premises.
You will have a dedicated receptionist who will answer your business phone calls in a professional manner in your company’s name, they will also handle mail and courier services and provide secretarial and administrative services.
Flexible and simple contracts make renting a serviced office easier while also ensuring that there is enough room for your business to welcome new talent onboard.
Serviced offices are excellent for entrepreneurs who need more administrative or front desk assistance and want a more formal office setting than sharing or coworking spaces.
Fully furnished Office Space
Moving into a new office space is a heinous task. Everything from finding the right office space in the right location to furnishing it according to the ease of functionalities and aesthetics, office space hunting can drain an entrepreneur quickly.
But what if there was an office space solution that came with all the above-mentioned facilities and much more? Fully furnished office spaces are the offices that are ready to move in for businesses that decide to work in them.
These workspaces have everything planned from the sitting arrangements of the team members to recreational spaces like a pantry and business lounge.
Virtual Office Space
Virtual offices are the latest buzz in the business world, especially in major cities like Mumbai and Bangalore. There are different types of office space that have enabled professionals to enjoy flexibility while having the stability of a brick-and-mortar office.
With a variety of office space options available at our disposal, it’s crucial to approach the selection of your workspace with careful consideration.
Different businesses have different needs when it comes to their workspace. Some might thrive in a shared coworking environment, while others prefer to maintain their work-from-home setup but want to enhance their virtual presence. Larger companies might need a dedicated serviced office to accommodate their team.
Therefore, you must weigh the benefits this decision provides. This includes enhancing your brand’s visibility and credibility, which can lead to more business opportunities, against the affordability of the space and its impact on your current cash flow.
How to determine the Ideal Office Space Type for Your Business?
1. Make an Estimate About Your Capacity Requirement
If your company has over 70-80 workers, you’ll need more space compared to a small business with just a couple of employees. Large-cap companies might need a whole floor in an office building, while smaller ones might be fine with a studio or a shared office space. To the extent of room you need, ask yourself:
– How many people work for you?
– Do your employees have to be in the office every day, or can they work remotely sometimes?
– Should you plan for extra space in case your team grows along with your business?
– How much space does each person need? (Think about what everyone does day-to-day.)
2. Consider Essential Amenities and Employee Benefits
Consider the amenities you require, based on whether you need virtual office space, shared coworking space, or fully furnished space.
Think about what your business needs to function, what could enhance your office environment, and what would be nice to have. Also, consider the needs of your clients. Some offices may not need to host clients at all, while others might need amenities like a waiting area or a lounge for employees, where they can relax in during their break time.
Here’s a breakdown of amenities to consider:
- For Virtual Office Space:
– Mail service
– Printing, scanning, and copying services
– Business cards and letterheads with the premium location address of the chosen office space
- For Shared Coworking Space:
– High-speed internet capability
– A property management team/ administration staff
– Conference rooms and offices (Depends on the additional charges within the package you choose, which differs in the majority of the business centres)
- For Fully Furnished Space:
– High-speed internet capability
– Fully-furnished offices
– A property management team/ administration staff
– Conference rooms and offices (Depends on the additional charges within the package you choose, which differs in the majority of the business centres)
– Printing, scanning, and copying services
– Mail service
– A pantry with necessary utensils
3. Assess Locale Accessibility & Amenities
Once you’ve pinpointed the necessary types of office space that align with your requirements, it’s essential to conduct a thorough site visit. Take the sufficient time needed to explore neighbouring businesses, dining options and parking availability. And can’t afford to forget the most important thing – make sure it’s easily accessible by public transportation for both your employees and clients. This solidifies its status as a convenient space, creating a positive experience for everyone involved.
4. Determine Which Type of Office Falls Under Your Budget
Office space represents a valuable investment that can generate more business and, consequently, increase revenue. However, it’s important not to overspend on leasing a space that exceeds your business’s budget. Take time to review your finances (hiring a professional accountant is advised) to determine what your business can afford.
DBS Business Center is one of the leading and fastest-growing complete office space solution providers that can help you find the perfect home for your business. You can choose from the above-mentioned types of offices plus several others to find the right combination of space and services for yourself.
We have 9 spectacular office spaces in Andheri, Bangalore, Secunderabad, Chennai, and several other major metropolitan cities in the country.
Apart from providing the finest office spaces with all the amenities you can need under one roof, with DBS Business Centers, you will also get administrative services that make your time in the office convenient and productive.
We take care of all your end-to-end office space requirements so you can focus on your core business and unlock its highest potential. Countless businesses have found their home with DBS Business Centre, and you can too. Connect with us today and let our professionals find the perfect types of office spaces for you.