Serviced offices are offices which provide a full range of services / furnishings which include office furniture, telephones, Internet connection and other items key to running a business. Serviced office space often has all of this and more, with areas such as communal kitchens, meeting rooms, printing facilities and break out areas.
You can save on some every day running costs like Buildings Insurance, by being located within a serviced office which may help towards the additional premium of the offices. In addition, members of staff are usually on hand for building facility management which includes receptionists, securities and concierge services similar to the way hotels are run.
Immediate requirements for office space can be met in a flexible manner, facilitating fast office moves. This benefits companies needing overspill office space for projects or the need for swing space when moving between leases. Serviced offices centers offer flexibility to businesses with their buildings allowing internal expansion, which is particularly useful for companies who encounter frequent change to their staff turnover.
Flexibility of tenure, together with minimal outlay costs for fitting out the office and less need for bank or directors guarantees make this a good proposition for new business start ups or companies with limited history of trading. Serviced office agreements are formed by way of a license so there is no need for companies to liaise with solicitors which also saves time and monies.