Why rent serviced offices ?
It is a common question when you are looking to compare serviced offices and leasehold office space, if researching and planning to potentially move offices. Work Space Search offer some of the benefits you should consider when the question arises.
Serviced office spaces provide businesses with a way to almost instantly occupy new offices, also sometimes referred to as a turn key office solution, choosing serviced offices means you have no capital expenditure at the outset, which takes the pressure of your cash flow, and outsourced facilities and office services allow you to focus on running your core business and not wasting valuable time with tasks connected to running your office space.
Serviced Office Contract Flexibility
The length of commitment is a decision you have to make. Whether you require an office just for a month, or for many months or years, it is up to you to decide, however, there are usually cost benefits for longer commitments.
Speed of access to serviced offices. The negotiation for a serviced office can literally take just an hour or so to complete from initial enquiry to taking occupation. Serviced office spaces are available instantly allowing you to focus your business, located where it needs to be.
Serviced Office Space Flexibility
Serviced office spaces are designed to allow you to grow your business in one building. You can start with a one person serviced office and as you grow you can expand to a 4 person offices, and so on. In the long term this ability to just use the amount of space you need, when you need it, will provide substantial cost savings.
Serviced offices reduced risk and lower costs for businesses entering new markets. When deciding whether a new market is worth exploiting for your organization, the cost of occupying office space and the length of commitment is generally an important factor. Serviced office spaces let companies of all sizes test new markets with minimal capital outlay and risk.
Serviced Office Fixed Cost Base
For many businesses it is important of have a high percentage of their spending as fixed costs, that can be budgeted for annually, allowing clear focus on targets and financial milestones. Serviced office rents are a monthly fixed cost which includes virtually all occupancy costs, additional these costs are minimal and very easy to forecast.
Deposits for Serviced Offices
Trading histories, Director’s guarantees, Covenants and Bank guarantees are often required when leasing ‘Conventional Office Space’. Renting serviced office space, on the other hand, means you will just pay a refundable deposit and then an on going monthly licence fee. No credit reference checks, guarantees or covenants will be needed.
Work Space Search have written many articles for the Work Space industry, in the UK, the United States and worldwide, with the aim of helping small businesses, medium sized companies, as well as large corporate companies wishing to rent all kinds of work space, with industry information, work space comparisons and general work space advice.
Work Space Search has helped businesses find, compare and rent every type of work space, all over the world, from prestigious luxury serviced office space in many of the main global business centres, to practical and affordable industrial units in out of town or rural locations.