Will Flexible Workspaces Disrupt the Traditional Satellite and Branch Office Markets?

In our introductory post to Flex space solutions post “Flexible Workspace what is it and who benefits?” we explained flex space refers to office space provided outside the “conventional lease” markets. In Toronto, this includes coworking space, most business centres and shared office space providers.

As corporate businesses learn more about how the flex space networking culture and entrepreneurial environment affects their employees and see the results, flexible workspace has the makings of becoming a long-term trend in this segment of the office space market. When you dig, you see there is far more driving the move to a flexible workspace by corporations than to a cheap office space.

Why Flexible Workspace is Tailor Made for Satellite and Branch Offices

To move employees from corporate headquarters to a satellite or branch office requires a lot of time and energy from managers and support workers to procure, furnish, decorate, and outfit an office space with business equipment. Not to mention business support staff like a receptionist. This all adds up to a lot of expenses before the company has even seen its first client.

Consider if the company decided to use a coworking space or business centre. All of the above is in place with one call. The advantages to the corporation are:

  1. Costs are low and for the most part, fixed
  2. Support staff is in place
  3. Business machines are provided at no cost (some charge for consumables)
  4. Set up is as easy as a phone call to the provider and email to each employee

Corporations are increasingly looking to flexible office space for satellite offices, special projects, and branch offices as it mitigates risk with much lower entry and start-up costs.

Why Corporations Use Satellite Offices

Corporations have used satellite offices for special projects over the years because they have learned that there is a culture change created by the removal of the managerial hierarchy, where managers are working side by side with subordinate workers. The change in culture makes managers seem more approachable with input from “the team”.

In the usual corporation, culture managers are delegators of tasks, while in the satellite office the manager is a member of “the Team”. “The Team” environment fosters collaboration that often leads to innovative ideas and solutions from “the team”.

Corporations See the Benefits of the Flexible Workspace Environment

Corporate culture creates a single corporate vision that employees work hard to realize.  Corporations create satellite offices for many reasons, however, the hope in creating a satellite office is that it fosters a team environment that is conducive to innovation and “getting things done”! The employees in the satellite office become a close-knit sub-culture within the corporation.

Where corporations are starting to see the benefits of flex workspace is in the exposure the satellite office workers get to startups, growth companies and market disruptors. One thing that is common to most coworking and flexible office space users is the “hustler mentality” and work ethic that fuels the growth of viable startups and growth companies.

Another benefit of the flexible workspace environment is the knowledge corporate employees gain from exposure to other industries, entrepreneurs, and personal backgrounds  — all of which provide insights and new opportunities for collaboration that create new business and company growth.

For the corporations, their employees’ flexible workspace creates a more interesting place to work, leading to a culture that is more open to, and recognizes, possibilities that would not be available in the traditional corps culture.

Flexible Office Space Provides Networking and New Business Opportunities

One of the myths you often see is that coworking workspace provides better networking opportunities. In general terms this is true. However, most coworking centres were once business centres that did nothing but add a membership to the other office space products they provided.

When you are assessing coworking space, look at the number of events they hold because that is an indication of the real networking opportunities the corporate staff will actually receive.

Satellite offices in a flexible workspace create a culture of socialization, networking and collaboration that leads to new business relationships that may become leads. In addition to new business, the exposure satellite employees get from flexible workspace will help to shape the culture of growing corporations or add a touch of entrepreneurial spirit to more established companies!

Conclusions

It goes without saying that flexible workspace provides benefits to corporations that traditional office space can’t — especially US corporations and those looking to open satellite offices or branch offices offshore. Coworking and flexible workspaces are seeing huge growth as corporations are drawn to them to save on real estate costs, office support and business equipment expenses. It seems apparent that corporations are seeing that the flexible workspace environment enhances the value sought from establishing a satellite office.

Telsec Business Centres is Toronto’s longest established flexible workspace provider! Our team space has been utilized by many US brands expanding into Canada with branch offices. For as long as we have been a flexible workspace rental agency, Government Agencies, large and small corporations, and startups have utilized our workspace. More recently, our coworking space and shared office space have also worked well for smaller satellite and branch office operations.

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Hotels

1. Jennifer Smith
General Manager
The Omni King Edward Hotel
37 King Street East
Toronto, ON
M5C 1E9
Tel: 416-863-9700
Website: www.omnihotels.com/hotels/toronto-king-edward

2. Mark Perry
General Manager
Executive Hotels and Resorts (Boutique)
8 Colborne Street
Toronto, ON
M5E 1E1
Tel: 416-350-2419
Website: www.spazen.ca or www.cosmotoronto.com

3. Emeline Boul
General Manager
Hotel Victoria (Boutique)
56 Yonge Street
Toronto, ON
M5E 1G5
Tel: 416-363-1666
Mobile: 647-574-5832
Website: www.hotelvictoriatoronto.com

4. Omkar Sawant
Reservations Manager
One King West Hotel
1 King Street West
Toronto, ON
M5H 1A1
Main: 416-548-8100
Reservations: 1-866-470-5464
Website: www.onekingwest.com

5. Van Nguyen
General Manager
Cambridge Suites Toronto
15 Richmond Street East
Toronto, ON
M5C 1N2
Direct: 416-601-3757
Hotel: 416-368-1990
Website: www.cambridgesuitestoronto.com

Restaurants

1. Michael Pagliaro
Carisma (Italian)
15 Toronto Street
Toronto, ON
M5C 2E3
Tel: 416-864-7373
Website: www.carismarestaurant.com

2. Patti Shaw
Terroni (Italian)
57 Adelaide Street East
Toronto, ON
M5C 1K6
Tel: 416-203-3093
Website: www.terroni.com

3. Declan
Restaurant 20 Victoria – Michelin guide approved
20 Victoria Street
Toronto, ON
M5C 2A1
Tel: 416-804-6066
Instagram for reservations: https://www.instagram.com/twentyvictoria/

4. Mana
Nami (Japanese)
55 Adelaide Street East
Toronto, ON
M5C 1K6
Tel: 416-362-7373
Website: www.namirestaurant.ca

5. Restaurant Lucie
100 Yonge Street
Toronto, ON
M5C 2W1
Tel: 416-788-9054
Website: www.restaurantlucie.com

6. Niam H
Cantina Mercatto
20 Wellington Street East
Toronto, ON
M5E 1C5
Tel: 416-304-0781
Website: www.cantinamercatto.ca

7. Siva Sathasivam
Uncle Tony’s
38 Wellington St E
Toronto, ON
M5E 1C7
Tel: 416-455-6650
Website: https://uncletonys.ca/

8. Pizzaiolo
104 Yonge Street
Toronto, ON
M5C 2Y6
Tel: 416-860-0700
Website: www.pizzaiolo.ca

9. Robin Singh
Woods Restaurant and Bar
45 Colborne Street
Toronto, ON
M5E 1E3
Tel: 416-214-9918
Website: www.woodsrestaurant.ca

Health and Wellness

1. Thom Tullo
Morpheus8 by Inmode
47 Colborne Street
Toronto, ON
M5E 1E3
Tel: 416-863-6564
Website: www.amanspa.ca

2. Altitude Athletic Training
56 Colborne Street
Toronto, ON
M5E 1E3
Tel: 416-366-3838
Website: www.altitudeathletictraining.com

3. Physioheath Studios
33 Victoria Street, #130
Toronto, ON
M5C 2A1
Tel: 416-368-2525
Website: www.physiohealth.com

Our Amenities

We are by far the most experienced and best coworking team in the market – established in 1980

  • We are the highest Tech centre in the market
  • We have a very modern, high quality, brand new facility located at:

   18 King Street East, Suite 1400

      Toronto, Ontario   M5C 1C4 Canada

    • 18 King Street East is a boutique Class A building – East of Yonge: easy street parking, less traffic, excellent restaurants and lovely parks – St. James Park @ Church & King and Berczy Park @ Wellington East, Scott and Front Streets – Very high energy and engaging area
    • A few steps (a few seconds) to the Yonge Street subway/underground PATH network and streetcar available outside building
    • Building is located in Toronto's vibrant financial district
    • Plenty of parking available in the area including street parking and reserved parking in the 18 King building 
    • Adjacent to the building huge outdoor food courtyard - Beer Bistro www.beerbistro.com and Craft Beer Market www.craftbeermamrket.ca restaurants and bars with onsite catering services
    • Onsite amenities:  Tim Horton's, Beer Bistro, Convenience store and Starbucks across the street 
    • Nearby amenities:  underground PATH network, numerous restaurants, banking, Starbucks plus a wide array of nearby shops and services 
    • New modernized office layout fully furnished with meeting spaces and training rooms plus café lounge area
    • We are leaders in the service of training/meeting rooms with full conference facilities, high quality hot and cold catering
    • Largest training room and conference facilities accommodate up to 60 people classroom style
    • Ultra-high-speed - 1 GIG pipe = 1,000 x 1000 fiber-optic network, which will deliver internet connection speeds faster than most North American services
    • Private shower room
    • Indoor Reserved Parking at the current building rental rate
    • Bicycle parking
    • Rent a space to accommodate your team for meetings, training sessions, corporate events or coworking space or flexible office space for one day, one week, one month or one year, or whatever term suits your business
    • Telsec has over 650 locations in 40 different countries worldwide available for their clients.  Office clients receive up to 8 hours of meeting space per month at no charge at any ABCN member location.  Plus, Office and Virtual Office clients may rent a space from any member location at special member rates which varies depending on the location 
    • King Edward Hotel is located across the street - recently completed a $40 million renovation and boutique hotels close by within walking distance
  • Dining and entertainment at high quality restaurants only minutes away – Carisma, Terroni, Woods Restaurant & Bar and Michelin Rated - Restaurant 20 Victoria. Plus numerous lunch and takeout eateries nearby

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Take a look at our facilities www.telsec.net    

Telsec will Customize Your Client’s Office(s) Layout to Meet Their Requirements

You are welcome to drop-in any-time, a quick call would be appreciated to ensure our availability Vanessa 416-574-1112 or Josie 416-606-4349 or e-mail josie@telsec.net.