Serviced offices are becoming increasingly popular in all parts of the world. These fantastic alternatives to traditional office spaces have become a staple in the corporate world – for a good reason.
A serviced office is a rented space that comes in a ready-to-use state and is completely furnished. They are also referred to as executive and managed offices. They are very different from conventional offices and don’t require a commitment to a long-term tenancy. New business owners can rent serviced offices on a short-term basis.
These offices come in different sizes and have everything that a company (big or small can need), Think desks, chairs, printing facilities, Wi-Fi, coffee nook, storage, and more. You can find extra features like a staffed reception area, a fully functional canteen space, a gym, parking, conference rooms, event spaces, and breakout areas.
Serviced Office: Who Can Use It?
Everyone can take advantage of a serviced office space. However, they are more suited to certain business types such as:
Fast-Growing Businesses – If your business has outgrown the existing premises and needs more space quickly, it is time to take advantage of the serviced office that can accommodate new/growing teams.
Businesses Entering New Markets – If you are planning to enter a new market, city, country, or even a state, a serviced office can help you lay the groundwork for the expansion of a serviced satellite office that can be rented on a short-term basis.
Entrepreneurs and Smaller Teams – Getting your hands on a short-term lease can make the serviced spaces a very attractive option for smaller teams and entrepreneurs.
Benefits of Serviced Offices
The top benefits of serviced offices include but aren’t limited to:
First things first, a serviced office will be fully equipped for a company to operate: printing facilities, wireless connection, furniture, parking, and more. This all comes at an incredibly lower cost. Moreover, a serviced office is completely scalable to suit your business, so you don’t end up wasting any money.
Short-term leases enable a business to rent office space for as long as you need it. Your business can prevent getting stuck in a rental commitment that can prevent your company from branching out or sticking to the ever-changing market conditions.
Most offices come with all the useful facilities. Apart from the essential features, you might get access to special features like an on-site gym, IT facilities, extra parking, and AV-equipped rooms.
Easier to Pop-in and Out
These offices are fully furnished. This means you can move in instantly and don’t have to wait around. It covers utilities like water, internet, and electricity; you don’t need to worry about removing and setting up the equipment when you are coming in or leaving.
We all know the time, expense, and cost of setting up a business space. With serviced offices, there is no maintenance. The only cost you need to pay is rent, and the rest will be taken care of by the management of the serviced office space.
Fast Internet Service
You don’t have to worry about setting up the internet connection for the entire office, as serviced office spaces already have a fast Wi-Fi mesh network that enables you to stay connected without worrying about the hassle of arranging it yourself.
Access to Newer Markets
The very convenient leasing options make it easy for you to access newer markets. Your business can quickly staff you up in an unfamiliar market without being stuck in an office space you don’t know what to do with. This is hands down one of my favorite benefits of all.
Most of the serviced offices are located within the premises of shared buildings where other companies operate. This allows you to build connections with other business owners, which is one of the most essential elements of growth.
You can get a serviced office space in a hit location at a fraction of the cost of rented office space. It is much better than entering into a long-term lease. This is a fantastic opportunity to enter the heart of the city, where your employees can be very close to public transportation, food hubs, and local amenities.
Serviced Offices vs. Coworking: Are They Any Different?
Most people think that these two are essentially the same. However, they aren’t. These two concepts are designed to meet the requirements of different businesses. Let me illustrate by example. A coworking space is a flexible solution that offers services on a pay-as-you-go basis. This is ideal for freelancers who wish to rent a single desk, a meeting space, or a conference room for a couple of hours. It is a more affordable option than a serviced office, making it ideal for agile startups.
On the other hand, the serviced offices are leased month-to-month and offer more private space and common areas accessed by different companies. This makes them an ideal option for companies looking to reduce maintenance and equipment costs for businesses that need a great degree of privacy and administrative support.
Why Choose a Serviced Office Space for Your Business?
Well, many business owners decide to opt for serviced office spaces due to the benefits listed above. It is an ideal option for businesses in the growth state and finding committing to a multiyear lease troublesome. This is an excellent option for business owners who don’t want to deal with the hassle of buying equipment, setting up the space, and dealing with maintenance later on. Renting up an entirely new office or a floor of a serviced office space allows you to maintain the team’s privacy and confidentiality and a very professional image for your company. All in all, it is an excellent option for any business owner.
Feel free to use the comments section below for questions, comments, or thoughts. What would you prefer for your business: a coworking space or a serviced office? We would love to know what you think.