Conventional Office versus Serviced Office

Posted on June 27, 2008 at 8:30 am by Simon

There is so much information out there about serviced office space but why exactly is it better than conventional office space solutions?

The challenges of conventional office space are well known. Often the leases are fixed and inflexible at a minimum of 5 years. The upfront costs for legal fees to cover your own costs and that of the landlord can be extensive. You’ll be tied into dilapidation charges and service charges that are often open ended and difficult to forecast. If you are a successful and growing business you may grow out of your office space before the lease if up. Traditional office space requires fitting out with telecoms, broadband cablings and LAN connections and often require substantial decorating and refitting to accommodate your company. And on top of this you often find you have to take time away from growing your business to deal with IT, telecoms, insurance and utility companies.

Serviced Offices in contrast offer short term license commitments with no long term commitment and no legal fees. The requirement for space can be increased or reduced as and when the business requires it making it a very cost effective solution to the office space dilemma. Invoicing is simple with one monthly invoice covering utilities, telecoms and other consumables. Its all negotiated in the license fee to keep things straightforward. Moving in is no hassle. You can move in and plug in straight away. The offices are situated in prime locations and are stylishly kitted out.