The need for communal workspaces has become more prominent in recent years, but more so the need for business flexibility, which has gone through somewhat of a renaissance as companies try to navigate the current workplace climate amidst global uncertainty.
The question is: What will this future look like?
The short answer is that nobody knows. However, one option being favoured by many companies around the globe is the move to communal workspaces that have been championing this need for flexibility for years now.
Flexibility in Your Lease Agreement
Flexible and shorter-term leases are the most significant selling point for any flexible workspace provider as companies face decisions on managing costs. While facing an uncertain future, flexibility in lease agreements will be brought into focus for businesses.
Communal workspaces have earned most of their appeal due to the adaptability in deciding the length of the lease you sign up for. As Forbes explains in their Business Reporter column: “With flexibility, a company generally commits only to a one-to-two-year lease, whereas traditional office spaces generally demand a three-to-five-year lease.”
This can give all business owners the chance to re-evaluate their company on a year-on-year basis instead of committing to a longer lease lasting into what is now a future of uncertainty.
Flexibility in Your Workspace
Communal workspaces offer the unique ability for flexibility, where you are free to suit your needs from day one, housing every office type for every business need you may have. This gives you the chance to choose and layout your office in the way that you have envisioned for your company.
Whether it be in deciding the size and layout of the office to fit your company culture or simply downsizing to cut down on costs, you have the freedom to choose what best suits your company.
This flexibility also extends to your employee roster, and subsequently your bottom line. There is no predicting what will happen in the coming months and what growth or deficit companies will experience. This is where many communal workspace providers come into their own and offer the opportunity to add and subtract the number of employees attached to the company on an ad-hoc basis.
So, instead of buying an office for a fixed number of people, this option can allow the business to pay overheads that reflect the number of employees using the space. Resulting in spending of no more nor no less than required.
Trust in Your Services and Telecoms
There’s nothing worse than working from home with the constant worry that your Wi-Fi will suddenly drop or your hotspot will mysteriously stop working during your company Zoom call.
As communal office providers, we cater for many different businesses within a single building. Internet and telecoms services must be of the highest quality and, most importantly, reliable. This is where communal offices earn a certain allure and provide valuable peace of mind whenever you log into that crucial meeting. The ‘serviced’ part of your serviced office experience can be on hand to help whenever it is needed.
Whatever happens over the coming months, companies around the globe will be looking for the answers to some very big questions surrounding how they operate, how they can grow into the future, and how they can save money – and there is no doubt that many will find answers to these questions in the offices of flexible communal workspaces.
No Hidden Extras in Your Utilities
Larger, more traditional office spaces can have hidden extra costs month on month. With utility bills rising, and the cost of living crisis expected to continue, all of these extra costs can add up, creating unwanted stress and strain for companies.
While the cost of utilities climbs, here at Iconic, we do not pass the burden on to our clients. Iconic members can rest assured that it’s all included in our transparent pricing packages, meaning that your agreed monthly fee remains the same, no matter how much utility prices may fluctuate.
If you’re interested in learning more about Iconic Offices and serviced office space, you can get in touch or find out more here.