A serviced office is a furnished and fully-equipped pay-as-you-use office space, located in a building managed by an operator. Operators will rent anything from a single Dedicated Host Desk to a full Office Suite to their clients, giving them access to ready-to-use office space on flexible terms.
As opposed to the hidden costs of conventional leased office space, which might include maintenance, facility costs, furnishing and equipment installation, serviced offices are already fully kitted out, and provide transparent monthly fees. This enables businesses to scale up or down as required.
Key Benefits of Serviced Offices
1. Flexible, short-term leases
Serviced office rental terms are flexible, and many spaces offer contracts for as briefly as one month. This is ideal for businesses looking to remain agile and work in a space that can expand or reduce at short notice, in line with their business plan.
2. Cost-effective with no downtime
Businesses pay only for the space they need in a serviced office, and most are furnished and pre-cabled, providing access to high-quality equipment. This means no downtime while moving in, and can help to free up extra cash for other business priorities.
3. Access to all the facilities needed to run a business
Standard facilities in serviced offices include fully-staffed reception desks, kitchens, lunch areas, cleaning and maintenance services, meeting rooms and networking spaces. Businesses can also access additional pay-as-you-use services and facilities. There are no hidden costs, which allows for easy budgeting.
4. Access to new markets
Business centres, executive offices or serviced offices are available in several locations around the world, giving users a wide choice when it comes to establishing a base. This gives businesses the opportunity to set up at an address that would otherwise be unaffordable, and also provides access to business centres around the world.
Who Uses Serviced Offices?
Start-ups and entrepreneurs: Serviced offices are ideal for businesses and startups looking for office space without being tied down to long-term contracts and hidden costs.
Businesses expanding into new markets: Businesses looking to expand into new regions or countries and who require access to business centres around the world with short-term rental options.
Businesses experiencing growth: Large companies tied into a conventional leased space they have outgrown and who are looking for an interim space for employees or teams.
Project-based teams: Teams who need a fully-equipped workspace in a specific location for a short period while fulfilling a contract.
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