Managed offices are a type of workspace that provides the agility and cost-effectiveness of a flexible workspace (like a service office or coworking space) together with the benefit of longer term commitment and security of a traditional lease. The average contract length for a managed office is typically between 1 to 3 years, which makes this option more suitable to larger more established companies or scaleup businesses. The key benefits include: Tailored set-up: managed offices can be fully customised, whether it is iin terms of interior design, furniture,etc... Built to suit. A managed office is usually let on a per square foot basis, rather than by desks, which makes this option more cost effective and customizable.