As your business grows, you often find yourself at the crossroads of whether you want to upscale and take a private office space for rent or move into a flexible workspace that doesn’t drain your pockets. Your office is a piece of your pride, one that can make or break your business. You would want a space where innovation and culture go hand in hand, further enhancing your work environment.
Every business is different, and so are its needs. While one may prefer a dedicated office setup tailored to their requirements, others need extra room for collaboration and networking. But what’s best for your business to thrive depends on several factors like cost-efficiency, location, design, amenities, and flexibility.
Location
There’s nothing that beats a good office location with access to public transportation, ample parking space, and public infrastructure. A strategic location can make all the difference.
Above all, what counts is shorter commutes for your employees. Did you know a study revealed that spending 20 minutes more on travel is equivalent to taking a 19% pay cut? Having an office in a prime location helps employees strike a balance between work and home, keeping them motivated all along.
Office Design
A business thrives when collaboration and productivity are at the forefront of everything they do, and thoughtful office setups help you do exactly that.
Think of agile work setups where your employees have social zones to network, break-out zones to brainstorm, and, more importantly, green spaces to relax during tedious work hours. In fact, office spaces with ample natural light have recorded a boost in employee productivity by 6%.
But what’s better? Leased dedicated spaces or co-working spaces? If you are looking to streamline your operations and improve efficiency without the hassle of administrative responsibilities and daily management of office spaces, co-working spaces can prove beneficial to you.
Imagine networking with like-minded people and having a sense of belonging within the community; with co-working spaces, you can have it all. Moreover, their wide array of shared amenities ensures you make the most of it at a fraction of the cost.
With private office spaces on the other hand, you have the freedom and the flexibility to customise the space to your business needs. Starting from the colour theory that sparks imagination and aligns with your branding to layouts that optimise efficiency, private offices are the way to go if you are looking for customisation and enhanced privacy.
Your office is a physical representation of what your business is like. As you expand your operations, it is crucial to make those first impressions right with your potential clientele, and what better way than to have a dedicated space that reflects your ethos?
Cost Efficiency
As your business evolves and chalks out long-term plans, you might want to have a flexible space that grows with your needs. With no frightening upfront costs, co-working gives you a free hand to either scale up or downsize.
With dedicated office spaces on the other hand, your business will have a permanent base to scale operations and have stability in the long run, although it might be a little expensive in the start with all the upfront costs and lease agreements.
The verdict?
There is no straight answer to what’s better; there are advantages of private offices, and there are a different set of advantages of coworking spaces. But if you are in need for workspaces that perfectly encapsulate your ethos and cater to your aspirations and business goals, dedicated offices can give you a competitive edge.
For someone looking for premium office spaces in Hyderabad along with access to major landmarks of the city, EON, commercial space in hyderabad, would be the best option for them. EON blends sustainable features and premium amenities like an auditorium, food court, gym, huge space for parking, and a lot more. EON guarantees that you comfortably stay connected to the pulse of the city without missing a beat with its strategic location close to the Financial district. The future of work is here!
