Pros-n-Cons of Serviced Offices and Managed office
Pros-n-Cons of Serviced Offices
Serviced offices are offices that are managed by a real estate developer or a real estate development/management company. You pay monthly rent, and it could be fixed or varied depending on the lease you choose.
Pros
- No need to get involved in building maintenance and repair
- As there’s no involvement in building maintenance and repair work, you can focus better on your business
- Any repair or addon or subtraction in the office elements happens instantly as the office is managed by the landlord
- Low rental charges
- All the amenities, facilities, and technology are present
- Liberty to choose your desired lease
- Liberty to choose lease duration
- Freedom to choose your office layout
- Readily available across the globe
Cons
- You cannot have endless customizations in office space
Pros-n-Cons of Managed Offices
A managed office is tailored to your organization’s needs with endless customizations but is managed by a real estate developer or a real estate developing/management company. You must pay a monthly rent to access a managed office. Depending on the lease you choose, the rent may vary.
Pros
- Depending on your lease, you can participate in building maintenance or stay away from it
- You can have endless customizations in your managed office space
- Your customizations get you engaged in your office, which results in better outputs
- You get to focus on your work as someone else taking care of office management for you
- You get to enjoy low rent
- All the amenities, facilities, and technology are present
- Liberty to choose your desired lease
- Liberty to choose lease duration
- Readily available across the globe
Cons
- Because the office is tailored to your organization, you will have to pay higher rent when compared to a serviced office.
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