What is Difference Between Co-workspace, Managed Workspace? Finding the ideal workspace for your business.

Co- Working space or Managed Workspace

Several years ago, we all worked in office settings. Every company, whether small or medium-sized, had its own office. Some businesses spent a significant amount on office upkeep. However, addressing the needs of companies, a concept known as co-working space emerged in the market. In the years following COVID, this concept has skyrocketed in popularity.

What does a co-working space mean?

It resembles our conventional offices, featuring the same table, chair, meeting rooms, and coffee machine. However, in this setting, you (as a company or individual) aren't responsible for maintaining everything yourself, nor do you need to hire additional staff such as cleaners, network, or admin personnel. Employees, freelancers, travelers, contractors, teachers, students, startups, and anyone needing a workspace and internet access can utilize these coworking spaces. 

A coworking space offers all the essentials for its users, including high-speed internet, meeting rooms, printers, amenities, a conducive work environment, parking facilities, a cafeteria, and a secure network.

In a coworking space, you can reserve seats based on the number of your employees and schedule a meeting room according to your preferred time. You only need to pay a fee for the time you use the workspace.

What defines a managed office?

Managed offices or workspaces resemble office spaces designed for companies, startups, or any group aiming to finish a project. These spaces provide a minimum square foot, complete with office amenities such as tables, chairs, drawers, internet connections, private meeting rooms, washrooms, and more. You are relieved from managing tasks like administrative work, maintenance staff, cleaning staff, network operations, security, and electricity bills, as the service provider handles all these aspects. Based on your number of employees, you will need to lease the space annually.

These offices are primarily situated in prime locations where multinational corporations and large companies invest. For major companies, location is crucial for enhancing their image and lowering operational costs.

Are you currently in search of a coworking space or a managed office that perfectly fits your needs? Look no further, as Nandaka Real Asset Advisory is dedicated to assisting you in finding the most suitable options tailored specifically to your requirements. Our team of experienced professionals understands the diverse needs of businesses and individuals seeking flexible work environments. Whether you are a freelancer looking for a vibrant coworking community, a startup in need of a professional managed office, or an established company seeking to expand your operations, we have a variety of solutions available. We pride ourselves on our comprehensive approach, which includes analyzing your specific location preferences, budget constraints, and desired amenities. With our extensive network and industry expertise, we will streamline the process of finding the ideal workspace for you, ensuring that you can focus on what truly matters—growing your business and achieving your goals. Trust Nandaka Real Asset Advisory to guide you through this journey and help you discover the perfect workspace that meets all your professional real estate needs.