BHIVE Enters Managed Office Segment with Launch of Honeykomb

BHIVE Workspace, one of the oldest co-working brands in Bengaluru, is entering the managed office space, with the launch of Honeykomb. The service will enable businesses to create managed office spaces that resonate with their br

BY Realty Plus
Published - Saturday, 25 Sep, 2021

BHIVE Enters Managed Office Segment with Launch of Honeykomb

BHIVE Workspace, one of the oldest co-working brands in Bengaluru, is entering the managed office space, with the launch of Honeykomb. The service will enable businesses to create managed office spaces that resonate with their brand ethos, while offering a sense of privacy and without the usual hassles of long-term leases and management issues. Vinay Karnad, Chief Business Officer, BHIVE Workspace says, "While co-working spaces have gained traction over the years and are suitable for early-stage start-ups, the demand for managed offices has also gone up as companies look for flexible leasing options. With Honeykomb’s launch, we’ve entered into the alternative space and aim to help today's businesses make smarter decisions in real estate." Honeykomb caters to enterprise clients and recently funded start-ups that are looking for managed office spaces with flexible leasing options. In the managed offices category, Honeykomb is a one-of-a-kind service that will offer value for money with great hospitality and customisable designs. The organisation has an in-house architect and a design team that sources materials from scratch and ensures that the spaces look and feel as per the client's requirements. All electrical peripherals in the space will be equipped with IoT-backed devices that can be controlled by voice or gesture. Honeykomb offers the client zero capital investment and management overheads, and clients don’t have to deal with unpredictable landlords. It has a higher deposit and longer lock-in period than BHIVE Workspace, but as Honeykomb is a bulk deal, it offers better per square feet returns. "Coworking spaces have a lot of cabins, which reduces flexibility. The workspaces in Honeykomb are more customisable and personalised to the client's needs. We will now compete with managed office spaces like IndiQube and Smartworks," says Shweta Malagi, Principal Architect, BHIVE Workspace. A key investor of BHIVE adds, “While the managed office space already has established players, Honeykomb offers better location choices for businesses, value for money pricing, and out-of-the-world design that beats all others.”