Why Serviced Office Space in Today’s Market Makes Sense
If you’re running a business, you may be faced with the daunting prospect of having to find, rent and outfit office space, all before starting work. And while that may seem like an unwanted prospect, there is an option available to you as a business owner that might be preferable. That is, renting a serviced office space instead of a conventional one.
A serviced workspace has several advantages over traditional office spaces. Serviced offices (or “executive suites”) are already fully equipped and are typically managed by a company that oversees these types of facilities (also known as “facility management companies”). These organizations rent individual workspaces to other companies; these arrangements have advantages over traditional rental agreements. Let’s take a look at some of them.
Offices with fully equipped services
In general, serviced offices, already fully equipped, equipped with the furniture and equipment you need. That means you rent the equipment and space, and you don’t have to go out and spend significant capital that you could probably use better elsewhere on furniture and equipment. For example, Internet access, phone lines, furniture, and even kitchen space may already be included in the office space you rent. Some serviced workspace agreements may even include access to the conference room. That’s a far cry from conventional office space rentals, where you only get the rental space but still have to provide everything else.
Rental terms are usually flexible
In general, the rental terms for serviced offices are a bit more flexible than for conventional office space, so you are not locked into a long-term contract. That’s especially good news for start-ups looking for office space in London, for example, when they’re just getting started and need to make sure it’s going to be a success before signing these kinds of long-term deals; It’s also good news if your business takes off and you need to move to other, larger locations.
Flexible Space Allocations, Too
In many cases, serviced office space comes with the ability to increase your space requirements right where you are, rather than having to move all operations to a completely different building if you run out of space. Likewise, if you find that you need to downsize, the terms are generally pretty flexible, and you can also reduce space requirements as needed.
Costs are defined in advance
Unlike the conventional workspace, since it is already all included, you will know how much you are going to pay for the Internet connection, etc., as well as any other services provided. That’s a far cry from conventional office spaces, where you’ll probably have to install your own phone lines and internet connectivity, you’re not sure how much you’ll have to pay for the service, you’ll have to work your way through several providers to find the best one. offer, and so on. With Serviced Workspace, all of this is already taken care of, and you get your costs up front so you can budget accordingly. And of course, this also makes your bookkeeping tasks easier, since you’ll already know what most of your monthly expenses will be ahead of time.
Ready to “move in”
Serviced office space allows you to move in, get your business up and running right away, and be in business almost immediately; all you have to do is move staff and files and you should be good to go. No installation, no moving logistical nightmares, nothing like that. With few exceptions, serviced office space means you can be up and running almost instantly.