Serviced offices shouldn't just been seen as a temporary solution. They can offer considerable benefits for businesses of all shapes and sizes. If you're looking for new office space, how can a serviced office be of benefit?
All types of businesses are facing tough economic times at the moment and property costs can be one of the biggest downfalls. However, by using serviced office space you can reduce the financial risk to your business, as well as benefitting from greater flexibility than with traditional leases.
For All Businesses
Many people have the misconception that serviced offices are just temporary solutions for small businesses looking for offices to rent. However, they're actually suitable for all sizes of business, for either temporary or permanent offices. Larger companies often use whole serviced office buildings. Alternatively, they may choose to house a percentage of their operations within serviced premises to allow them greater flexibility.
They're a great option for small businesses, as it means they don't have to deal with the day to day management of the property. For many smaller firms, they won't have a specific employee to look after the office. Therefore if something goes wrong, they have to waste time organising a solution. If they work within a serviced office it means they can dedicate the whole of their working day to running the business and servicing clients.
Location can be the key to running a successful business and often you need to move to attract the right customers or give the perfect impression. However, with traditional offices you're often tied to lengthy leases and have to give long notice periods. By moving into a serviced office you can move in almost immediately and minimum stays can be as low as 90 days.
This flexibility is also beneficial for companies who may grow or contract, as they can change their office space with very little notice. If your business suddenly attracts a major new client and needs to expand their office space, then you don't want to be restricted by the terms of your lease. If you're already within a serviced office space, then you can easily rent larger or additional offices.
Financial planning is an important factor of any business, especially small start-ups. By taking a serviced office, as opposed to traditional rented space, you know exactly how much you're paying each month. The inclusive rental price will usually include furniture, reception, admin and IT staff, cleaning, meeting rooms and refreshment facilities.
There's less of a financial risk with a serviced office. As you're not tied to lengthy contracts, with penalties for leaving early, if you need to downsize you can move quickly. This makes it a cost effective solution, once you've taken into account all the additional costs and fees associated with taking on a lease agreement.
Whether you're just starting out or looking for new premises, serviced offices offer an excellent alternative to offices to rent. From short term contracts to quick notice periods, moving into a serviced office offers business and financial benefits to your company.