What are Business Centers? Are They the Right Fit For You?
Business centers are often also known as serviced offices. To put it in simple terms, a business center is a commercial building that is fully equipped with the required facilities and provides the best of office solutions to the clients.
History of Business centers
As per Wikipedia, the existence of such business centers began as early as the 1980s in the major American business cities. In the United Kingdom, the concept of sharing the premises, staff and other running costs and working together was first used by the barristers. They usually band together and developed the system of sharing the clerical i.e administration and operational expenses. Later they developed and paved the way for establishing the posh and corporate business centers that we see today.-
Benefits of having an office at a business center
Picture this – A luxurious looking reception, elegant private workspace, wide lobby, classy interior office work, perfect lighting to lift your mood and conference/ meeting rooms with top of the line equipment, which imparts a business like an environment. A call comes in for your ‘ABC’ organization and a professional receptionist answers, ‘Thank you for calling ABC, how may I help you?’ When you have a visitor, he/she is escorted to your private office.
All these are the perks of having an office at a corporate business center. Business centers provide wide variety of office solutions to their clients. Most of the times, business centers are located in the central business district of any city.
In addition to the central location, business centers offer various services like free onsite parking for occupants, a professional receptionist to greet your guests and direct them to your office, high-speed internet, phone and postal service, cafeteria, meeting room, and training rooms and well-maintained restroom amenities that reflect the standard of plush business environment.
There are myths that business centers are far more expensive than other office space options, but in reality, it is the opposite of that. Business centers due to their large operational advantage can provide numerous facilities to their office occupants at a lower cost.
Consider the professional environment that high-end business centers offer at affordable rates. Business centers provide the perfect platform for startups and small enterprises to have an office at the prime location of any city with a wide range of facilities. These days, big corporates also prefer business centers if they are starting a new branch at any new location before actually getting a place of their own.
Networking is also a plus point when you have an office at a business center. You can meet many people at cafeterias and they can be your potential clients as well.
Customizability is another advantage of business centers. You may have a small team at your initial startup phase but later when you want to grow your team, then business centers can easily provide you a bigger workspace without much hassle. You won’t have to change your business address also.
Business Centers in India
India is in her growth phase. Every day, entrepreneurial dreams are getting their wings. Hence the demand for decent work spaces at affordable rates are high. Companies providing commercial spaces have grown two folds in the past few years. However, there are office space providers who have an edge over others owing to their years of existence in the market.
In terms of commercial real estate prices in the world, Hong Kong tops the list with $262 per square feet. Next in the list come cities like London, Beijing, New York, and Shanghai. Delhi and Mumbai are also in the list of expensive office spaces of the world. On the contrary, Bengaluru is known for offering office space for rent at affordable rates.
Most of the premium business centers provide five-star facilities and are located in prime areas within a city. There is not much scope for customizability in coworking office spaces. But in business centers custom made offices are a big bonus for companies occupying the space. You can easily downscale or upscale your office space and get any additional requirement like having fingerprint scanners or recreational rooms without much hassle in business centers.
For business centers, customer satisfaction is the key. People like to have high end facilities and business centers can provide that at an affordable cost.
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