Flexible office solutions are a hot topic among corporates and start-ups today, but what exactly is a flexible office?
The term ‘Flex Space’ is broad and refers to a number of working environments outside of traditional long-term office leases;
- Serviced offices
- Co-Working & Hot desking
- Managed offices
- Virtual Offices
- Turnkey solutions
Commercial landscapes have changed with companies placing a greater emphasis on wellness, collaboration, innovation and flexible working. There has been a shift from typical working hours and cellular office stations - to open plan offices, supported by wellness and flexible working incentives.
Here are my top 3 reasons why flexible office spaces could benefit businesses and employees alike.
- Adaptable environments for head count flexibility
Agile offices allow for more strategic workforce planning. Tenants can grow in and out of office space to suit their headcount at any given time. This allows businesses to scale up or down as they see fit. It also provides flexibility for staff to work from an office or in their homes.
Immediate expansion is an option for companies who are forecasting rapid periods of growth, contracted projects or company training.
- Cost Savings
You pay for what you use. Unlike traditional office leases where rent is paid on a price per square foot Flexible Offices operate on a price per desk model. Therefore, companies pay for what they use and don’t incur costs on unused office space.
Additional savings include:
- Minimum up-front fit-out costs for designing office layout and interiors
- No building service charge
- No commercial rates payable
- No operational expenditure throughout the year
- Reception, postal and concierge services are included
- IT management and maintenance are available on site
- Staff gyms and wellness packages are often available
- Eliminates a 5-year lease liability on the company’s balance sheet
3. Productivity & Employee Wellbeing
The most fluid environments are said to enhance employee wellbeing and productivity. Luckily the flexible model of working provides for greater networking and collaboration with similar likeminded companies.
The best employees are demanding enhanced cultural workplace experiences. The majority of agile workspaces provide a more comfortable environment to include; relaxed break-out areas, barista coffee, bespoke food services, sports, mindfulness and wellness facilities. These benefits play a key role in ensuring collaboration, innovation and overall happiness for employees.
Flex space is used by all commercial sectors from professional services to tech companies, law firms and start-ups and all head counts will be considered from 1 person to a 500+ person office.
For further insight on the Flex Office Market feel free to contact me or check out our website.
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