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If you know you want your own private space, on your own terms, you no longer have just one way to get it.
A decade ago, a self-contained office for your team meant a long conventional lease that you managed end to end. Today, you can take that same space and have a team of experts run the whole thing for you: the managed solution. Which route is right depends on what you value in an office, and how much you want to handle yourself.
Design. Both give you real scope to make a space your own, to embed your culture, branding and way of working, from a feature wall to a product showcase.
Privacy. Both offer a self-contained floor or building with private access to all facilities. This is one of the clearest differences from a serviced office, where communal areas are shared.
Term length. Managed terms are more flexible, usually 18 months to three years, which suits agile companies scaling up or down. Conventional leases mean a longer commitment, better suited to larger, established businesses with a stable outlook.
Delivery time. A managed solution runs a streamlined process and gets you set up in roughly eight to twelve weeks. A conventional lease usually takes 16 weeks or more, as you are sourcing and project-managing the build yourself.
Upfront cost. Conventional leases come with significant upfront capital expenditure and projects to manage: fit-out, interior design, the lot. A managed office keeps upfront capital to a minimum, spread across your monthly price, with the project management looked after for you.
Office management. In a managed office, facilities are taken care of, with no chasing the cleaning or the broken fridge, which suits teams without an in-house office function. In a conventional lease you appoint and manage every contractor and vendor yourself, with the invoices to match. That is full control over your suppliers, if that is what you want.
Maintenance and forecasting. Conventional leases mean organising and paying for each cost separately, which makes budgeting harder. A managed solution builds everything into one monthly figure, so your office manager spends less time on admin, and finance knows exactly what is going out each month.
It depends on your scale, industry, culture and outlook. There is no universal answer, only the one that fits your team.
Kitt is a managed office platform that uses industry-leading technology to support companies at every stage of the office journey, from finding your space to settling into it.
