A serviced office is much like a hotel. It provides a fully furnished and equipped space on flexible terms. This space offers access to a fully operational office environment that grows with your business and is often in prime locations around the world. Serviced Offices are part of a rising global shift towards a more agile way of working.
Key Benefits of Serviced Offices:
- Flexible, short-term leases.
Serviced office rentals are flexible with space available from 1 hour to 3 years. This is important for businesses who need to expand or contract in line with their business plan.
- Optimised Cash Flow:
No downtime while setting up office means that you can get to work growing your business immediately. There is also no upfront capex on furniture, IT or telecoms which translates to better cash flow management for your business and allows for accurate forecasting.
- Access to all facilities:
In addition to the professional fully staffed reception, equipped kitchens, casual meeting areas, cleaning, security and maintenance which come standard – you can also access pay as you go services such as secretarial support, boardrooms and printing services.
- Ease of access to new markets:
- Business Centres, serviced offices and more recently CoWorking spaces are available in just about every type of location around the world. This means that your business has an established base wherever and whenever needed. Depending on regional regulatory business framework – this sometimes assists those who need to have a registered address in a market without having to set up everything from scratch.
Who uses Serviced Offices?
- Start-ups and entrepreneurs:
Serviced offices are ideal for businesses who are not yet ready to by tied down to long leases.
- Businesses expanding into new markets:
Businesses looking to expand or explore new markets need a fully functional space from the minute they touch down. This also allows them to test the waters as such before committing to longer or more conventional lease period.
- Businesses experiencing rapid growth:
Certain companies find themselves in the fortunate position of experiencing rapid growth which means they outgrow their traditional space. Even if they move to larger conventional space, there is always the period in which the overflow needs to be accommodated.