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Serviced Office

Whether your business is looking for its first office or ready for an upgrade, serviced office space is an affordable and realistic option, regardless of whether you need one desk or one hundred. It strikes exactly the right balance between keeping your costs as low as possible, and portraying the right image to your customers. For large and small businesses alike, the benefits are endless and all the costs are included in one manageable payment so you know exactly what you have to pay each month.

The advantages of serviced office space over traditional property are set out here:
Serviced offices Traditional commercial property
Usually furnished and kitted out with a maintained telecoms infrastructure, broadband and IT support, included as part of the price. You will usually need to pay for installation of your telecoms and IT infrastructure separately, as well as ongoing maintenance and broadband costs.
Desks, chairs, furnishings, decoration and refreshment facilities usually included as part of the price.  Decoration in many buildings is high-end, perhaps beyond what your average SME could afford to splash out on. You will need to pay for furniture, decoration and refreshment facilities for your staff. You will also need to replenish these when they wear out.
Utility costs such as heating and lighting usually included as part of the price. You will have ongoing utility bills in addition to your monthly, quarterly or annual rent.
Often staffed with cleaners and receptionists, again included as part of the price. You will need to pay for your own cleaning, or do it yourself! You will also need to hire a receptionist if you need one, and ensure they have an area that is suitably equipped to work from.
Allow users to pick and choose the services they need, so users don’t pay anything for services they wouldn’t use. For example, large meeting rooms may be available for hire at a small extra charge when required. If you need meeting room facilities from time to time, you will have to rent an office with that extra space – or take your clients out and pay for it separately.
Day-to-day management of the property, including repairs and decoration, is dealt with. You will usually be responsible for the cost of repairs to the heating, plumbing and other systems if they break down. You will also need to redecorate at agreed interval, and almost certainly before the expiry of the term.
You can usually move in at short – or with no – notice. You will have to wait for the lease to be finalised which can often take 4-6 weeks.
You can create smaller operations in a number of locations allowing you to ‘flex’ the market, rather than having to settle for one centralised office. You could create a number of smaller branches but you’d have the costs involved in a commercial lease to pay (see below) on every single one.
There is usually little or no tie-in, meaning less risk for cash-strapped companies. You will usually be tied into 3-5 years minimum. Sometimes landlords allow a break clause after 1 year or 18 months, but often at a premium.
You can move and expand without incurring significant cost, delay or admin problems. If you need to move, you may need to pay your way out of the lease. As well as redecorating, you’ll need to remove any equipment at the office and make good any damage caused. You might have to replace some of the landlord’s fixtures and fittings. You’ll also need to pay costs such as installation of IT and telecoms systems at your new premises.