WHY MANAGED OFFICE SPACES WILL BE KEY FOR BUSINESSES IN 2022

December 3rd, 2021

In a fast-paced world that demands organisational agility, managed office solutions stand alone in their ability to provide cost-effectiveness, flexibility, control and security. Find out why a new managed HQ should be top of your wishlist for the year ahead.

The opportunity cost of traditional office sourcing

Sourcing and kitting out an office has traditionally been a lengthy and expensive process. The first step was to research hundreds, if not thousands, of potential workplaces, and then to negotiate an unfavourable and lengthy lease that put an unnecessary strain on cash reserves. 

After all that you still had to equip the office with furniture and necessities, and then try to keep expenses in check on a monthly basis. It was tiring work with an extremely high opportunity cost, worryingly vulnerable to unforeseen factors and economic trends, as the Covid-19 pandemic showed. 

Fortunately, a new type of office has emerged that helps to eliminate these limitations. 

The rise of bespoke office space solutions

Unlike flexible workspaces, the managed office is a branded environment that is not shared with other businesses. It provides the agility and simple pricing of a flexible workspace with the security and control of a traditional lease. For businesses wanting a physical presence that expresses their brand values without a long-term lease liability, it is a very attractive option. 

Perhaps most important of all is the reduction in opportunity cost. With a managed office solution, a third-party supplier such as WorkPad will research, analyse, procure and equip your chosen workplace. This frees up your time to focus on higher value activities, such as networking and business development. The way we see it: we build your perfect office while you build your business. 

If you are considering a managed office for your business, ask yourself the following questions: 

• Would being able to standardise your office expenses be useful?
• Would focusing resources on business development and growth, rather than office procurement, be a good use of your time?
• Is having a branded environment for team cohesion and client impact important for the growth of your business?

If you want a bespoke, fully managed solution that requires zero CAPEX up front and flexible monthly terms, WorkPad is the right partner for you.

Managed offices in Central London

Managed offices are fantastic for businesses wanting a branded workspace but without the upfront costs and long-term lease of a traditional office. London, in particular, has a thriving office culture, with many fantastic managed options in central areas, in close proximity to world-class amenities. 

We have recently helped two high profile clients to source, equip and move into their new managed office spaces. With two year minimum terms, they now have the flexibility and peace of mind to focus entirely on the execution of their vision. 

If you’d like to know more, check out some of our offices in Central London.  

Is a managed office space right for you?

With 2022 on the horizon and the global uncertainty set to continue for the foreseeable future, how do you see your working environment evolving? Is flexibility something you value? 

If you’re looking for a new HQ for your business on flexible terms, WorkPad can help. Find out more about our luxury office spaces and managed workspace solutions here.