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Faizan
Commonly known as managed offices or executive suites, serviced offices are often located in prime business districts of large cities around the world. A serviced office is furnished and managed by a facility management company that rents individual offices to other businesses. Unlike a traditional office space, a serviced office is provided with work desks, furniture, storage cupboards, telephone systems, internet connection and sometimes even computers. Tenants need to share common facilities like printers, fax machines, kitchen facilities, board rooms and other common facilities.
Cost-effective
Opting for a serviced space can be a cost-effective strategy. You can just move in when you are ready and start business. A couple of studies conducted by the UK Chartered Institute of Purchasing show that companies can save as much as 78% by choosing serviced offices.
Space availability
Businesses are always evolving. Organizations may need to recruit more employees or give some of them the pink slip, depending on the business crisis. Given this situation, only serviced spaces can provide the flexibility of moving from a few employees to more or vice-versa.
Lock-in period
Most lease agreements are signed for at least 11 months. Sometimes, the one who stays in a leased space may have to stay for a longer duration so that the cost of establishment can be recovered. Such rigid lock-in periods may affect an organization's business as an organization may or may not be able to afford a fixed rent without fixed cash flows. Serviced spaces do not have such lock-in periods.
Value-add services
A serviced office space is swanky in nature. It comes furnished with spacious common areas, ritzy lobbies, posh waiting areas. All this helps businesses to create a good impression. Some serviced spaces even provide hospitality support, IT support, housekeeping and maintenance. A rented office, on the other hand, will have to shell out some extra bucks for all these extra services.
Prominent address
Most serviced spaces are located in a prominent location. This means it is easier to locate and easier for employees or clients to commute. When you set up an office in a prominent location, you are making yourself easily accessible to your clients.
In a nutshell, a serviced office space requires minimum work from businesses. The instantaneous availability of all amenities like internet connection, telephones, furniture means your employees can get to work immediately. When you use a serviced office space, it is beneficial to the organization that requires expanding or contracting at short notice.
Cost-effective
Opting for a serviced space can be a cost-effective strategy. You can just move in when you are ready and start business. A couple of studies conducted by the UK Chartered Institute of Purchasing show that companies can save as much as 78% by choosing serviced offices.
Space availability
Businesses are always evolving. Organizations may need to recruit more employees or give some of them the pink slip, depending on the business crisis. Given this situation, only serviced spaces can provide the flexibility of moving from a few employees to more or vice-versa.
Lock-in period
Most lease agreements are signed for at least 11 months. Sometimes, the one who stays in a leased space may have to stay for a longer duration so that the cost of establishment can be recovered. Such rigid lock-in periods may affect an organization's business as an organization may or may not be able to afford a fixed rent without fixed cash flows. Serviced spaces do not have such lock-in periods.
Value-add services
A serviced office space is swanky in nature. It comes furnished with spacious common areas, ritzy lobbies, posh waiting areas. All this helps businesses to create a good impression. Some serviced spaces even provide hospitality support, IT support, housekeeping and maintenance. A rented office, on the other hand, will have to shell out some extra bucks for all these extra services.
Prominent address
Most serviced spaces are located in a prominent location. This means it is easier to locate and easier for employees or clients to commute. When you set up an office in a prominent location, you are making yourself easily accessible to your clients.
In a nutshell, a serviced office space requires minimum work from businesses. The instantaneous availability of all amenities like internet connection, telephones, furniture means your employees can get to work immediately. When you use a serviced office space, it is beneficial to the organization that requires expanding or contracting at short notice.
Posted in: business
