Lahore has emerged as an evolving business center in the past few years. Now, Lahore offers the most affordable and world-class Workspace options for companies of all sizes.
Satisfied employees ultimately benefit the companies, which is why it is important to consider better workspace options for companies in Lahore.
Factors such as rent, location, security, and transportation play a significant role in choosing but are not limited to this. So, let’s take a wider look at the considerations and see how companies can take advantage of each option.
Traditional office
A traditional office requires renting a specific area where the business has total authority over arrangement, design, daily operations, and much more.
For the most part, traditional offices are the best choice for large, established companies with long-term stability, especially those looking for total control over their workspace and willing to invest in setup. Lahore has several traditional office spaces in Gulberg, DHA, and Mall Road.
Rent:
The cost of renting a traditional office is usually what may bother you. Monthly rates in upscale neighborhoods like Gulberg may be high, particularly when you include the expenses of starting an office from scratch.
Location:
Gulberg and Mall Road are excellent central positions that provide easy access to important commercial areas. Heavy traffic congestion may be an issue in specific areas.
Security Issues:
Lahore is among the safest cities in Pakistan, but that doesn’t mean you can ignore security. So definitely consider CCTV, guards, an employee login system, and gated access.
Transportation:
Traffic might be your concern if you’re planning to have a traditional office at Mall Road, but in Gulberg, it shouldn’t be a problem. The abundance of local transport makes it easy for distant employees to travel.
Co-working Spaces
These spaces provide shared environments plus private meeting rooms, hot desks, and communal areas, ideal for all businesses. Co-working spaces are best for all sizes of businesses and for teams that value collaboration and networking opportunities. According to Technavio, the global co-working space market is projected to grow from $16.17 billion in 2021 to $30 billion by 2026 at a CAGR of 13%. This tremendous growth clearly shows the benefits of Co-working Spaces for any company in Lahore.
Rent:
Co-working spaces offer cost-effective rental options, with flexible plans ranging from daily passes to monthly subscriptions. Considering rent, Kickstart has the best rental plans for small to large businesses with world-class facilities.
Location:
Many co-working spaces are located in prime business districts such as Gulberg, DHA, and Johar Town, offering easy access to commercial hubs without the high costs of leasing a full office and transport fare, just so you know.
Security Concerns:
Security isn’t your concern when choosing Co-working spaces because, generally, these workplaces come with built-in security measures.
Transportation:
As mentioned before, being centrally located and in multiple areas of the city, these spaces are easy to access via public transportation or car services, with some offering dedicated parking options.
Serviced Offices
Serviced offices offer fully furnished, ready-to-use spaces with all the facilities your meeting would need. They’re just like co-working places but with a touch of luxury. Serviced offices best serve companies that need a private office with premium services but don’t want the hassle of managing the space themselves.
Rent
A report by Colliers International states that 60% of businesses using serviced offices prefer them due to several benefits they offer. Although they cost more than co-working spaces but more cost-effective than traditional offices when considering the added services.
Location:
Because luxury is a priority for Serviced offices, therefore, they’re located in upscale business districts like DHA and Gulberg, offering proximity to clients and partners while ensuring a good professional atmosphere.
Security Concerns
Serviced Offices offer good security, and the best part is that you don’t have to set up any security equipment specifically.
Transportation:
In Lahore, Serviced Offices have easy access to public transport and well-connected roads in prime areas, ensuring convenience for employees and clients alike.
Satellite Offices
Satellite offices refer to smaller offices located away from the company’s main headquarters. According to a McKinsey report, 70% of companies are adopting hybrid work models, which often involve setting up satellite offices. For businesses with headquarters outside Lahore, setting up a satellite office in the city can help expand their presence and branding.
Rent:
The rent mostly depends on location. Satellite offices can be relatively affordable, especially in developing commercial areas like Bahria Town or the outskirts of DHA.
Location:
The main advantage of Satellite offices is location. These offices can be strategically placed anywhere, anytime, in growing business areas, offering companies a foothold in the Lahore market.
Security Concerns:
Satellite offices may require customized security arrangements based on their location, especially in less developed areas.
Transportation:
Satellite offices may be located in less congested areas, reducing commute times. However, don’t forget that access to public transportation may be more limited compared to central business districts.
Pop-Up Offices
Pop-up offices are temporary spaces that can be set up for short-term needs, such as product launches, marketing campaigns, or project-based work. They can be set up in unconventional places or short-term leased spaces.
Rent:
Rent for pop-up offices is usually short-term, so while the costs may be high in the short run, they are manageable given the temporary nature of the lease.
Location:
Pop-up offices can be set up anywhere based on business needs, offering flexibility in targeting specific markets or client bases. Spaces like cultural centers, event venues, or temporary retail spaces in Lahore’s commercial hubs work well.
Security Concerns:
Since these spaces pop up anywhere so, businesses may need to arrange for additional security depending on the location.
Transportation:
You have control over the location of Pop-up offices, so it is better to choose a place in central areas like Gulberg. Those in event spaces or non-traditional locations may require additional transportation planning.
Conclusion
Choosing the right Workspace options for companies in Lahore can benefit the employees and, ultimately, the entire company in the long run. All options have their own attributes, but there is still one best option to fit all your needs. Kickstart provides a balanced solution with flexible rental options, built-in security, and a professional atmosphere in Lahore’s prime locations. No matter your company size, Kickstart offers everything you need to keep your business running smoothly—without the headaches of setting up and managing anything.
