Rise in demand for serviced offices

Rise in demand for serviced offices

Rise in demand for serviced offices

Serviced offices have seen a dramatic rise in demand, particularly during the present unstable economy.

Also known as an executive suite or business centre, a serviced office is a fully equipped building or office which is owned or leased by a management company. They then rent serviced office space to other companies, but on a more flexible basis than traditional office leases.

There are a range of advantages to using a serviced office. For example, tenants can share reception services, business equipment and other office related resources. What's more, serviced offices offer companies access to facilities which can often cause a strain on their business finances.

An increasing number of business owners are looking at serviced offices when setting up their businesses and there are a number of good reasons why you should do the same.

Firstly, they offer payment flexibility. Rather than being tied into a long lease agreement, most rented office spaces allow more choice and a range of payment terms. Whether a company will be at the facility short term or long term, most providers offer bundles or packages including variations on meeting room use, admin and IT support, for instance. Facilities such as meeting rooms are often offered on a pay as you use basis. Therefore if your business needs to suddenly move locations or needs to expand there's no contract holding you back.

Whether your business is large or small, rented office space allows companies to hit the floor running. They can move in and commence with their business almost immediately. Moving into a traditional office set up is a lengthy process. By the time you've searched for the right location, agreed the lease, bought office equipment, hired staff etc, you could be looking at months.

The good thing about serviced offices is that they can be found all over the country. Some companies allow you to move in immediately and nearly all management companies have offices available in prime hot spots. London, Bristol and Manchester being prime examples.

It's worth remembering that serviced offices give companies the head start they need. They offer prime locations, professional staff and are often fully equipped, so what are you waiting for? Begin researching a serviced office near you today.

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