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Serviced Office 101: What You Can Realistically Expect When You Rent a Serviced Office

Companies / SME Oct 31, 2021 - 03:32 PM GMT

By: Submissions

Companies

Any business would need to have its own space at some point, even if you started your business in your residence at the beginning. As your business grows, you may need a broader area with more room for a bigger staff, and you may also be thinking of becoming more accessible to your customers. But whilst you can always opt for a traditional lease, there are more than a few advantages offered by serviced offices, and you could benefit from such an office space as well. But what exactly is it, and how can it be beneficial to your business? Here's what you should know about serviced offices and what you can realistically expect when you rent a serviced office.


What is it?

It's a space for working, and it usually comes with furnishings and ready utilities, including broadband and telephone connections. This workspace is different from a traditional office space because it is already pre-equipped with what you need to run your business. It's a place where all you need to do is move in, set up your equipment, and you're good to go. Serviced offices have proven to be an immensely popular option for owners of small businesses and sole proprietors, and it's a handy solution for many startups. After the pandemic, it has become even more in-demand because it offers business owners more flexible terms and readily available space.

What to expect

Most serviced office spaces will already include utilities and other facilities. They can also come with a range of services, such as meeting room rental, as-needed, pay-as-you-go reception services, maintenance, and communal pantries. Some serviced offices, like those in Manchester from Cariocca.com, even offer free on-site parking (which is a big plus) and handset rental and 24/hour security.

Aside from this, what makes serviced offices ideal is that you have flexible terms – which means you can rent the office on a month-by-month basis, and you can move out with only a month’s advanced notice. A conventional office lease will obligate you to sign a one-year contract (or more), but with a serviced office, you’re not tied down to such lengthy terms, and this gives you the freedom to scale up or scale down as necessary.

The top benefits for your business

        •       It can accommodate business development and growth

The solution presented by serviced offices allows for easy accommodation of business development and growth. The business model is designed to adjust to the business' needs – especially if they are on the cusp of an expansion or need to scale down. If, for example, you need more staff in a few days, you can move into a bigger office simply by telling your serviced office provider. The same is true if you need to scale down and move into a smaller space when the situation calls for it.

        •       You don’t have to suffer from any downtime

One of the major problems associated with signing a traditional office lease is applying for some utilities and facilities yourself. But serviced offices are ready to use, and once you move in, the broadband and telephone lines will already be set up, and you don't have to suffer from any downtime. You can start working and answering calls and queries as soon as you move in.

By Mildred Austria

© 2021 Copyright Mildred Austria - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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