Difference between conventional office space and flex office space

Discover the key differences between conventional office spaces and flex office spaces. Learn about cost, flexibility, lease terms, and benefits to choose the best option for your business needs.

The way businesses work has changed a lot in the past couple of years. Whether it is the work culture or the office spaces, everything has witnessed a drastic shift. One major shift is how companies choose their office spaces. They either go with conventional spaces or flex office spaces.

Both options come with their own benefits. So, let’s talk in detail about them and understand the merits they carry. However, before we dive into the difference between conventional office space and flex office space, keep in mind that both of them suit different needs and preferences.

What is a conventional office space?

A conventional office space, as the name suggests, is a traditional office setup of a company or a business where they rent or buy a fixed office area. These offices often include private cabins, desks, meeting rooms and other facilities. In this case, companies usually sign long-term leases, sometimes lasting several years.

Key features of conventional office spaces

Here’s what a conventional office space generally involves:

• Custom setup to design and furnish the space as per needs.
• Full control over the layout and facilities.
• Costs including rent, maintenance, utilities, and furnishing are borne by the tenant.
• Long-term leases.

What is a flex office space?

Flex office spaces, also known as flexible workspaces, are modern shared office spaces that cater to the needs of dynamic businesses. These spaces are managed by third-party operators and allow companies to rent desks, meeting rooms or private offices on a short-term basis.

Key features of flex office spaces

A flex office space includes:

• Short-term flexibility with renting options for days, weeks, or months.
• Shared amenities like Wi-Fi, printers, conference rooms and cafeterias.
• Cost-effective as you pay for what you use.
• Fully furnished and ready-to-use spaces from day one.

Difference between conventional office space and flex office space

Now, let’s understand the major differences between conventional office spaces and flexible office spaces to help you decide which is better for your business.

Conventional Office Space:

• Minimal flexibility
• High initial and ongoing costs
• Long-term leases
• Time-consuming set-up
• Difficult to scale

Flex Office Space:

• High flexibility
• Affordable costs
• Short-term leases
• Ready to use
• Scalable as easy to add or reduce space

Also Read: What is an office space

Why choose flex office spaces

The demand for flex office spaces is rising day by day. Here’s why modern companies prefer to have flex office spaces:

• It is a cost-effective solution and hence, saves businesses quite a sum. Since you only pay for what you use, it removes the high upfront costs like furniture, equipment and utilities.
• Flex spaces like WeWork offices come fully equipped so that you can start working immediately without worrying about setting up desks, internet or meeting rooms.
• There is a scalability factor involved as flex spaces allow you to adjust the amount of space you need without long-term commitments.
• Many flex office spaces host different businesses under one roof, and this offers you collaboration and networking opportunities.
• Flex offices like WeWork spaces are often located in key major business hubs and metro places.

Conclusion

Both conventional office spaces and flex office offices are useful as per needs and preferences. However, flex office spaces are changing how businesses work by offering flexible, affordable and convenient options. WeWork is leading this change by providing ready-to-use workspaces with great facilities in top locations.

WeWork’s flex office spaces are perfect for startups, freelancers or even growing businesses. Whether it is a desk for a day or a private office for your team, we have everything set up for you.

So, choose WeWork to save money and stay flexible.

FAQs

What are flex office spaces?

Flex office spaces are shared and fully furnished workspaces providing flexibility and a cost-effective solution. They can be rented on a short-term or long-term basis.

How is a conventional office space different from a flex office space?

Conventional office spaces are all about long-term leases and high setup costs, while flex offices are affordable, ready-to-use and short-term friendly.

Are flex office spaces cheaper than conventional offices?

Yes, flex office spaces are usually more cost-effective as you pay only for what you use. Also, there are many amenities that you share with others.

Who can consider flex office spaces?

Flex office spaces are perfect for startups, freelancers and businesses looking for short-term or scalable workspace solutions.