Ideal for the larger corporation that seeks a more flexible office space solution, managed offices can be seen as a combination of the advantages of both conventional and serviced offices. Managed offices have terms that begin at a year or more, with typical office sizes of 1,000 square feet and up. Generally with managed offices, a business provides their own furniture, staffing, and equipment, yet can have the option of access to telecoms and IT or other components included in a leasing agreement depending on the length of the contract.
Where managed offices deviate from conventional and serviced offices concerns the degree of flexibility for corporations. For small businesses and new start-ups, perhaps a serviced office best suits their need for immediate office access, and term lengths fall below a year. Conventional offices, while costing more of a premium to obtain, do offer more security and stability for established businesses that are planning to remain in a fixed location indefinitely. As a minimum lease agreement is 5 years or more, conventional offices certainly require a rigid determination on the part of business owners to succeed in the face of uncertain economic times where the managed/serviced office options give more financial freedom to today's companies.
Deciding between serviced and managed offices can be a confusing decision considering the many similarities of the two. Where managed offices resemble conventional office space options is perhaps the key component in making a choice. For new start-ups without any pre-existing staff, clients, or a large expense account to work with, serviced offices offer an ideal solution for immediate access to offices on as short a term period as a monthly basis. Established corporations that do not plan on growing a great deal over the course of the next few business years should gain more mileage out of managed offices to maximize profit margins
