Benefits of Serviced Offices

Why use Serviced Offices?

One of the main reasons why many businesses chose to take space in a serviced office is flexibility it gives them.  Conventional leases, which typically last for ten or fifteen years, tie businesses in to their offices. This means that if during the life of a lease, a company’s space requirements change - whether they need to expand or contract - they are unable to adjust without incurring significant costs, administrative issues or delays.

By contrast, in a serviced office tenants are able to expand and contract as they wish, usually at very short notice. This can be beneficial to businesses when times are good and they need more space quickly, or conversely when it needs to contract. With serviced offices neither of these scenarios are problematic, allowing companies to remain flexible – something that is increasingly important in today’s fast moving economy. 

As well as flexibility, serviced offices allow businesses to enjoy an ‘all inclusive’ service. For a fixed price, tenants can expect to receive everything they will need to run their businesses, from desks, chairs and telephones, to staffed reception desks, cleaning services and refreshment facilities.

You might think that this flexibility and ‘all inclusive’ service would be more expensive for a businesses than a conventional lease, but in many cases it is in fact more cost effective. The costs involved will vary depending on the location, how many desks are taken and the length of stay, but serviced offices should not be thought of as an expensive option once all the associated costs involved in leasing or buying an office are taken into account. For example, a business in a serviced office will require much less space than in a conventional office as receptions, corridors and break out space is not leased in a serviced office but are with a conventional lease.