Serviced Offices – What are the benefits?
Serviced office spaces have exploded in popularity in recent years. In fact, serviced offices have become a better choice for many businesses, when compared to the traditional lease. Before we take a look at the benefits of working in a serviced office, let’s explore exactly what a serviced office is.
What’s a Serviced Office
A serviced office’s are run by operators who come in many shapes and sizes. These operators provide office space for both individuals and companies from 2 up to 100 + people on occasion. The biggest difference between serviced offices and traditional offices is flexibility and what is included. Licences (rather than leases) are much more flexible and often begin on a 3 or 6 month commitment. Sometimes this can be as low as 28 days. The offices usually include furniture, break out space, stocked kitchens, meeting rooms and a whole raft of other benefits. Not only that, but a serviced office provides reception services to meet and greet clients and customers, and they provide daily and weekly cleaning of work spaces. A hi-speed Internet connection is also provided, along with utility costs—all of which are covered by 1 monthly rental fee. If you are a small business this makes your life much easier and helps you to manage your budget. You have no capital outlay, you can grow sustainably and you can focus on your business rather than on running an office.
Top Benefits of a Serviced Office
Location: serviced offices are usually located in the central business district, making access easy for everyone, including customers and clients. With a serviced office, companies can choose where to locate. Choose from any number of locations in large metropolitan areas. You may even have a more prestigious address at a serviced office—what’s not to like?
Flexible leases: your company or business could find some major benefits with the flexible contracts offered by serviced offices. You’ll find it’s possible to obtain a short-term commitment for several months. This is a great way to see if this type of environment will work for you and your team. Not only that, if you need additional space for a short time, serviced offices can help you there, too. You only pay for the space you use—no more paying for dead space in a traditional office.
Pay-As-You-Go: you only pay for the facilities and services you use. Maybe you need a meeting room once in a while—then you can hire it once, and not when you don’t need it. You may even find the serviced office company includes it in the rent. In addition, you’ll have access to copiers, office furniture, support staff and much more—all on a pay-as-you-need basis.
Being social: a serviced office provides the perfect backdrop if you’re a freelancer or a small company with remote workers. Most of us need to be around others to yak, find others who can help when it comes to brainstorming ideas, and more.
Productivity: keeping the social aspect in mind, many people find they’re more productive when working around others. Working from home can be a distraction, while working in a serviced office can provide more focus for you and your staff. Keep in mind you’ll also benefit from the dedicated team offered by many serviced offices. You’ll lower the amount the business pays for salaries and wages by using the team at your serviced office; who are also included in the rent.
Save on expenses: utilities, office furniture and equipment, IT infrastructure and more take a huge chunk out of your budget. All of these expenses are covered by the rent paid to the serviced office company. They provide everything you’ll need to run your business, and you’ll save money in the long-run. You will also have no capital expense on day 1 to set up your office.
Networking: many serviced office companies also sponsor networking events. You get the chance to meet others and possibly find an individual or company to collaborate with on project. Or you may find a new client—either way you win. You have the chance to meet with other professionals from multiple industries, who can also help spread the news about your products and services.
Modern, state-of-the art facilities: when it comes to serviced office space, you can expect high-quality, modern everything—from furnishings to high-speed connections and more. With a traditional office, it’s easy for a company to make use of office furniture and equipment for years, until things begin to break down. The office can become dingy and dilapidated over time. When clients and colleagues visit, they can quickly be put off by such an office environment. On the other hand, a serviced office provides state-of-the art facilities, including a nice reception, office furniture, meeting rooms and large breakout spaces. The environment is sure not only to keep your staff upbeat and productive, but colleagues and clients will be impressed.
Businesses that Benefit from Serviced Office Space
You may be wondering what type of business can benefit from a serviced office space. Businesses choosing serviced office space run the gamut. Freelancers, start-ups, scale ups and large corporations are all finding serviced office spaces a more flexible, cost-effective option to the traditional office.
Maybe a large corporation needs office space for a temporary project—the serviced office is a great alternative to renting traditional office space, while offering a more productive environment. This is just one example—the possibilities are endless when it comes to the types of businesses that use and benefit from a serviced office setting.
If you are interested in a serviced office in the centre of Leeds, Get in touch with us here at Wizu Workspace, for uplifting, unique space.