The traditional office lease model is rapidly being reimagined as employers increasingly recognise the advantages of flexible workspaces. This transformative approach to office space offers numerous benefits that can positively impact a company’s bottom line, productivity and employee satisfaction.
Flexible workspaces provide companies with the opportunity to tailor their office environment to their specific needs. Unlike fixed office leases that require long-term commitments and significant upfront costs, flexible workspaces offer a bespoke model. Businesses can choose from a variety of options, including private offices, shared spaces, meeting rooms and virtual offices, allowing them to select the exact configuration that aligns with their operational requirements and budget. This scalability ensures that companies can optimise their workspace utilisation and avoid unnecessary expenses, but perhaps more importantly it puts employees first by creating inspiring working environments, fostering collaboration, and enabling impact.
Flexspace operator x+why are opening several new sites, including a landmark new hub in Milton Keynes this summer. Over their four years of experience running flexible workspaces across London and Birmingham, they’ve seen hundreds of businesses flourish. Whether enabling employers to be able to hire the best talent, providing employees with spaces that work better for them, being able to adapt business models to suit changing needs over time, flexible workspaces are the future of the world of work.
How your business could benefit from flexible workspace?
- Get more for less: it may almost sound too good to be true, but flexible workspaces such as x+why are in a position to deliver more, while being better for your bottom line. The pooling of resources by the shared economy means that this win-win scenario is fast becoming the ‘new norm’. High rental fees, lengthy bureaucratic processes and in flexible leases are yesterday’s news.
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Dump the office admin: leasing a traditional office often requires hiring a lawyer to complete the necessary documents, fitting-out the space with professional assistance, recruiting IT companies to set-up and service the equipment, buying all the amenities and furnishings and staying on top of maintenance and cleaning. These are all additional responsibilities that detract from the task at hand. Flexible workspaces do all of this for you, leaving you to concentrate on what really matters.
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Room to grow… or shrink: many modern businesses are finding that they need to relocate to scale up or down, and at short notice. A flexible office space makes this easier and more convenient than ever, allowing you to stay put, or choose from a variety of other locations within the same network.
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Employee engagement: a common misconception is that delivering more fun, inspiring and innovative places to work compromises on efficiency and professionalism. In fact, the reverse has been found to be true. When holistic employee wellbeing is made a priority, people become more engaged, committed and driven to succeed. x+why host a regular series of member socials each month including breakfast, drinks and networking events your employees won’t want to miss (and won’t miss out on when they know the dates to gather together in your office space).
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Harnessing the hybrid: the hybrid office mixes the benefits of a remote workforce, with the community, collaboration and culture of a local co-working space or satellite offices. A hybrid design does what it says on the tin – offering the best of both worlds. This allows companies the flexibility, agility and reduced overheads of a more decentralised and distributed model, while enhancing employee autonomy, creativity and satisfaction.
Flexible office spaces are highly personalised, and this is what sets them apart. They truly understand the value of looking after both small and big teams, and know that for businesses, employee wellbeing, happiness and productivity genuinely have the power to better your business.
x+why offers a lifestyle workplace environment at Unity Place that sets it apart from current offerings in Milton Keynes.
Find out more and book a tour at www.xandwhy.co.uk.
