Serviced offices are becoming popular because they are a good alternative to traditional office spaces. These types of offices have become common in the corporate world because they have many benefits.
What is a Serviced Office?
A serviced office is a rented space that is completely furnished and ready to be used. They are also called executive and managed offices. They are different from regular offices, and you don’t have to agree to renting it for a long time. If you have a new business, you can rent a serviced office for a short time.
These offices come in different sizes. They have everything that a company (big or small) might need. For example, desks, chairs, storage space, a place to print things, Wi-Fi, and more. Some extra features that you might find are a staffed reception area, a fully functional canteen space, parking, conference rooms, event spaces, and breakout areas.
Serviced Offices: Who Can Use It?
Anyone can use a serviced office space. But it works best for certain types of businesses, like:
Fast Growing Businesses
If your business has gotten too big for your current office and you need more space immediately, you should rent a serviced office. This type of office is perfect for expanding businesses because it can be easily adjusted to accommodate new or growing teams.
Businesses Entering New Markets
If you want to start doing business in a new area, a serviced office can help you get started. You can rent a serviced satellite office on a short-term basis. This will help you expand your business into the new market.
Entrepreneurs & Smaller Teams
If you can find a short-term lease, it will make the serviced spaces more attractive to small teams and entrepreneurs.
Benefits of Serviced Offices
The top benefits of serviced offices include but aren’t limited to:
Cost-Effective
A serviced office comes with everything a company needs to operate, like furniture, parking, wireless connection & more. Plus, it costs much less than renting a regular office. And if your company gets bigger or smaller, the serviced office can change to fit your business. So you don’t have to waste any money.
Short-Term Leases
Short-term leases allow businesses to rent office space for as long as needed. This can help prevent your business from getting stuck in a rental commitment that might prevent your company from expanding or being able to adapt to changing market conditions.
Useful Facilities
Most offices will have all of the features you need. In addition to the essential features, you might also get access to special features like 24-hour access, print and fax facilities, IT facilities, extra parking, and AV-equipped rooms.
Easier to Pop-in and Out
These offices are fully furnished. This means that you can move in right away and don’t have to wait for anything. The rent also covers utilities like water, internet, and electricity, so you don’t need to worry about bringing or setting up any equipment when you move in or out.
Maintenance
It can be expensive and time-consuming to set up a business space. But with a serviced office, services office space management will take care of the maintenance for you. All you need to pay is rent.
Fast Internet Service
When you use a serviced office space, the internet connection is already set up for you. This means that you will not have to worry about arranging it yourself.
Networking Options
Most serviced offices are in buildings where other companies operate. This lets you meet and talk with other business owners, which is important for growing your business.
Location
A serviced office space is a good opportunity to have an office in a city center at a lower cost than renting an office space. It is also better than signing a long-term lease. This is a good chance to be located close to public transportation, restaurants, and other local places in the city.
Serviced Offices vs. Coworking Space
Most people believe that these two terms are the same, but they aren’t. They are both created to help different types of businesses. A coworking space is a place where you can pay to use a desk, meeting space, or conference room for a short amount of time. This is a good option for people who work by themselves and don’t need their own office space. It is also cheaper than renting an office space, making it a good option for new businesses.
On the other hand, Serviced offices are rented out month-by-month. They have private space and common areas that can be used by different companies. This makes them a good option for businesses needing privacy and administrators’ support.
Why Choose a Serviced Office for your Business?
Many business owners choose serviced office spaces because of the advantages mentioned above. This is a good choice for growing businesses that would have trouble committing to a lease for multiple years. This is a good option for business owners who don’t want to buy equipment, set up the space and deal with maintenance. Renting an office or a floor of a serviced office space lets you keep the team’s privacy and confidentiality, and it looks professional for your company. Overall, this is an excellent choice for any business owner.