Is traditional office space declining over the coworking space?

As work culture evolves, so should our approach to determining which style of the workspace we should use. Work no longer has to be done in a fixed location and may be done almost anywhere. Dedicated offices, for all their benefits, do not simply allow us to react to changes in business culture and demands without a significant trade-off. Flexible workspaces can help with this.

According to research, the strong demand for flex space is expected to continue until 2025, as firms’ headcounts grow and their workforces become more decentralized.

Even with the outbreak of COVID-19, which has enforced the de-densification of office spaces for businesses, this is especially true. Employees are increasingly working from home. As part of their Business Continuity Plan, companies have also divided their employees into multiple workstations and set up contingency workspaces.

Fortunately, in unpredictable and unsettled times like this one, flexibility is the best thing to have.

Is your work environment allowing you to be as flexible as possible? Flexibility isn’t something that every organization has fully embraced as a crucial aspect in office leasing. This is either because they were unaware that flexible office leasing choices existed, or because they assumed the expenses of traditional leasing were fixed.

Startups and individual freelancers are often connected with flexible workspaces. However, given the detrimental effects of COVID-19 on the economic climate, most organizations, including corporations, will likely reassess their typical office arrangements.

Should you choose a flexible workplace or go with a traditional and dedicated office in this situation? And which one is the most appropriate for your business? Before we go any further, it’s important to understand the key differences between flexible workspaces and typical offices.

Coworking space

Premisin Coworking spaces frequently include an open-concept layout that is shared by all members of the space. The spaces are generally outfitted with comfy furniture, shared equipment like printers and Wi-Fi, and even free coffee in order to foster a collaborative and communicative environment.

Advantages of Coworking Spaces include:

  • Workspace that is diverse. Individuals can roam around freely in coworking spaces, which allows for collaboration and networking. There are several opportunities to meet people you might not have met otherwise.
  • There will be no extra costs. Utilities, renovations, and furniture are all covered by your monthly charge. There are no large upfront costs or long-term commitments. Depending on the space you choose, you can pay month to month or choose a different plan.
  • Built-in management. You don’t have to be concerned about office administration.

Traditional office space

Traditional office spaces are private and owned office spaces for your firm, designed for efficiency and focus. The arrangement may be open, similar to a coworking space, but you can alternatively partition it into individual cubicles or offices. You have complete control over your technology and other resources, and there are specific conference rooms for group meetings.

Advantages of traditional offices:

  • private office spaces and meeting rooms offer quiet, professional environments with fewer distractions and scheduling conflicts.
  • individual production. Rather than the collaboration and networking that happens in coworking spaces, traditional offices encourage individual work.
  • professional client-facing environment. Confidentiality and privacy are maintained for clients.
  • personal branding. The entire office space encapsulates your brand.

Which is best for you?

If you’re seeking office space for your company, Premisin coworking spaces can be a good option. These spaces are an excellent method to save money while also boosting productivity. Coworking spaces are the greatest option if you want to build a collaborative, creative workforce. There are several opportunities for networking, cross-industry collaboration, and team communication.

Whether you want to rent a coworking space or buy/lease an office, there are a few things to think about before making a decision. Consider how you want to show your company to potential customers, how your workers will work best and be most productive, and which choice will be the most cost-effective. Clients’ privacy and confidentiality are protected. Your brand is encapsulated throughout the entire office environment.

Traditional offices foster solo work rather than the teamwork and networking that occurs in coworking facilities.

Few significant factors to consider when looking for office space

Picking an ideal location to base your startup or business is no easy task, as there are many different factors to consider. However, making the right choices can significantly improve your company’s productivity, networking, and team morale. It can be difficult to begin this quest, especially in a city like Raipur. To help, Premisin provides you with a breakdown of the important factors you need to consider when looking for a new office space.

 Location & Accessibility

Location is key when choosing an office space. It needs to be easily accessible for both your employees and any clients (if you expect they’ll be visiting often). If your office is difficult to locate or in an area with few transport links, this could directly impact employee retention & recruitment, and client relationships. You might also want to look into what amenities are close by, such as cafes, shops, malls, hospitals, commute & accessibility (for coffee runs, lunches, after-work socializing, Emergencies, and easy access to bus, station, and airport).

It may also be beneficial for you to be in the company of other like-minded businesses. Choosing a space where you can locate other firms in your similar to your interest might help you network and form prospective partnerships.

Size

The next thing to think about is how much space your business will require. The number of employees you employ as a developing company may fluctuate on a monthly basis! While you want to be able to accommodate any newcomers, wasting money on an overly large workplace is counterproductive.

If you’re not sure how many staff you’ll need in the coming years, renting an office in a coworking space can be a good option. Co-working spaces are not only adaptable (if you need to expand, simply move into a larger room! ), but they also help with budgeting.

Amenities  

This is when things start to get interesting. Office spaces nowadays aren’t just functional; they can also include a variety of fascinating amenities! Decide what amenities are significant for your team to have, such as breakout places, meeting rooms, high-speed internet, recreational zone, before you begin your search.

Then there are the ‘nice to haves,’ such as outdoor/garden area, bike parking and car parking area, and a fitness center. Keep in mind that while these amenities can significantly increase employee happiness and work environment, they may come at a higher price!

Price

When looking for an office space to rent, the first thing you’ll probably consider is your budget. It’s critical that you understand the prices that are and aren’t included in your lease before signing it, so you don’t get caught off by any unexpected charges! Keep an eye out for things like internet access, power bills, and general office maintenance that aren’t covered by your rent.

While it may seem self-evident, the location/size of your office space, as well as market availability, will influence the price you pay. Before you start looking for an office, you need to figure out how much you can pay.

Lease type

Finally, there are many lease types to consider when looking for office space. Many landlords, depending on the office, will need you to sign a multi-year lease. However, being locked into a contract for an extended period of time isn’t ideal for a developing company/business.

As a result, keep an eye out for flexible license agreements that allow you to rent a place for as long as you think you’ll need it, whether that’s three months or three years. In most cases, flexible licenses are agreed upon for shared or serviced offices.

Premisin understands the importance of choosing the proper office space. Our team is available to assist you in locating the appropriate location for your growing business.

Benefits of Renting a Commercial Office Space

One of the most appealing aspects of renting an office space for any company is to gain immediate access to furnished and equipped infrastructure without having to go through the headache of purchasing a property. Should you rent or buy office space? This is a topic that all aspiring businesses ask themselves. Choosing an office space is a vital part of starting a business, regardless of the type, size, or structure of your company. Finding the appropriate workplace, no matter how difficult it may appear, will undoubtedly be worthwhile.

Renting an office space is a fantastic alternative, according to current market trends. The cost and responsibility of purchasing a commercial property are two obvious reasons. Cost in buying a commercial space is a significant obstacle to overcome, and it is one of the main reasons why renting is the ideal option for small businesses trying to develop or establish themselves. One of the biggest benefits of renting an office space for your company is that you can obtain access to fully furnished and equipped infrastructure right away without having to deal with the bother of purchasing a property or incurring capital expenditures.

Here are the benefits of renting an office vs buying your own space:

A Stress-Free Transition

Do you consider yourself halfway there if you’ve managed to secure office space for your company? Not at all! You may want to think about renovating the facilities, creating the interiors, putting up an electrical and water connection, bringing in furniture, purchasing tech tools or required office equipment, and more. Do you really want to go through the trouble of setting things up on your own? The offices that are rented are ready to use right away. They simply take the responsibility for providing an end-to-end serviced office space.


Premisin, commercial property in Pachpedi Naka, provides a comprehensive package tailored to individual needs, with three rental options, allowing businesses to expand. First and foremost, a properly equipped office with all necessary business infrastructure. Second, Premisin will create a personalized office design based on your specifications. Finally, you’ll need well-managed and efficient coworking space for your company. You don’t have to worry about real estate costs, overhead fees, design intricacies, or, most importantly, the stress of managing and having all of this done with any of the three services. All you have to do is walk up to Premisin’s office and tell them what you need; they’ll take care of the rest.

Optimum Financial Burden

One of the most obvious advantages of renting an office is that it relieves the business owner of the financial burden of overseeing and paying for the building’s routine maintenance. You are theoretically not accountable for the repair charges unless you or your team members have purposefully harmed office property or defaced the facility in any way. Leave alone the regular damage costs that emerge out of nowhere. Even regular maintenance, such as repainting the walls, maintaining infrastructure and technological equipment, keeping the bathrooms clean and sanitary, and so on, is an expensive endeavor. The landlord is responsible for keeping all of the things in good working order. If you rent rather than own a home, you can address your problems with the landlord rather than having to do so yourself.

Contracts Flexibility

Another benefit of renting an office space is the flexibility of your contract. With the market being so volatile, changing the location and size of your office space at any time can be a huge benefit. Many office leasing firms provide flexible lease periods, allowing you to grow your business at your own speed and relocate to a larger place without difficulty. Alternatively, if you own office space and wish to relocate, you could wait years for a buyer.

Check out the spaces offered by Premisin office space if you’re looking for an office space to rent for your business that may meet your needs and reflect your personal style.