The idea of flexible workplaces began in the 1980s, when business centers developed. Regus, the worlds largest provider of flexible workplaces was founded in 1989. Overt time the idea of a flexible work environment has changed and expanded to allow for unique arrangements that now include coworking spaces, agile office space as well as many other options. Because there are so many good options available to businesses today, companies that aren’t interested in a traditional office can still get great space that works for them, their clients, and their budget.
For our purposes here, we will focus on the flexible workspace options for companies looking for smaller amounts of office space, whether small companies or branches of larger ones. For them, flexible workplaces provide the opportunity for to have all the resources they need, but they will pay significantly less than they would with a more traditional office space. Much of that is related to the services, furniture and equipment that are included in the cost. These workplaces offer private and public space, copy machines, desks, conference rooms, and even a receptionist. They can allow very small companies to appear bigger and more established to prospective clients, without the significant costs associated with a long-term lease on a traditional office space and the hiring of more staff.
An additional benefit is in the length of lease terms required. Most traditional office space will require a 3 to 5 year lease commitment. Many of the flexible workplaces available are on annual renewal plans and many will even go on a month to month basis. This provides the flexibility of fast growing companies to move quickly to take advantage of business opportunities and obtain space as needed, without long term commitments.
Flexible workplaces are generally located in prime locations. Traditional office space in prime locations is usually extremely costly, and that can keep newer or smaller companies from being able to lease in their preferred area. With flexible options, companies can lease office space on a short-term agreement, move if it doesn’t work for them, and avoid being forced to locate their company in a sub-prime location due to costs and availability.
The number of flexible office and workplace options available throughout the world is on the rise, so companies have more options today than ever before. When you contact us, you’ll be taking the first step toward finding a flexible workplace that can help your company maximize its abilities, and its value to clients.