What is a serviced office and why would I need one?
Renting a premises is a considerable expense for any business. When leasing a traditional office space you often have to sign up for long leases. For small/startup businesses that need to remain agile, serviced offices could offer the flexibility to scale up, or down, you space are your business requires. On the face of it, serviced offices may seem slightly more expensive than traditional office spaces but this is often because they include all of your associated costs: business rates, utilities, rent etc.
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Added flexibility with short term lease agreements
Most businesses that opt for serviced offices are looking for short-term agreements. Serviced office landlords rent out serviced offices on a rolling basis, meaning that you will pay at the end of each month for the facilities that you’ve used. Because they have such small contract lengths, rental prices are often more expensive; however, the contracts will often come with far more services and facilities, and give your business more freedom if things don’t work out.
Access to pay as you go services
The idea behind most serviced offices is to only ever pay for what you need. In addition to the physical space, services and facilities such as copiers, meeting rooms, reception services and sometimes administration support are sometimes available. For example, if you have a meeting with an important client and need to hire a conference room, you can hire one on a per-hour basis.
Test new marketings and different locations
For larger businesses, serviced offices provide the opportunity to try split testing — one of the best ways to figure out what marketing method will be the most beneficial for your business. With a serviced office you can test multiple markets in different locations without a significant long-term investment. This means that if you’re expanding and unsure which city to target next, then you could test more than one location with minimal risk, and then base your final decision on concrete results.
No downtime when moving in
When you move to new premises the time it takes to organise the logistics and actually make the move can significantly effect the flow of business. Serviced offices are already set up, decorated and ready-to-use. Everything from communications systems to office equipment will be operational from the moment you are given your keys, meaning you won’t suffer any significant downtime waiting for phone and Internet companies to install new lines or set up new gear. Most serviced office providers can also either provide furniture themselves, or provide contacts to buy or rent what you need.
Low maintenance and hassle free
Spending time and money maintaining an office is an unwanted expense for any business. In a serviced office this cost is included in the rental payments, allowing you to save time and money with no need to hire maintenance staff or cleaners to maintain your office space.