For those businesses who find themselves in a position where they need to relocate there are a number of factors that need to be considered. Although the chosen location needs to fit the image of the company, it is cost that usually the determining factor when finalising the decision.
With traditional office space the cost of the rent is only one aspect – add to this the installation of telephone lines, monthly line rental and internet connectivity and your cost will significantly increase. Further costly investment includes office furniture and equipment. The fee for any maintenance or repair work will need to be taken in to account at some point and it is likely that there will also be a need to consider the cost of a cleaner as well – all of which seem to make what was once a fairly small rental figure increase dramatically.
In contrast, the all inclusive pricing of serviced office accommodation allows companies to budget without the worry of heavy bills at the end of the month. Facilities of serviced accommodation typically include fully-furnished office, integrated telephone systems, broadband, business rates, reception and answering facilities, use of common areas, maintenance, office cleaning and free car parking. Many serviced office providers even provide free tea and coffee!
In addition, the flexible nature of serviced office accommodation means that clients never have to pay for more space than they need. With traditional leases tenants are typically contracted in to a minimum of a three year lease whereas with serviced accommodation there is the possibility to move in for a day, a month, or even a year. What’s more the licence agreement is usually tailored around the individual requirements of each business.
Operating from a serviced office means it is easier to expand when necessary, taking on a larger office and additional staff as and when they are needed. This is of particular benefit for small companies who are starting out and uncertain about entering into a long-term (and what could be very costly) commitment.
Serviced office providers often have very close working relationships with their tenants that many traditional occupiers simply cannot maintain and with intense competition between different serviced office providers, the levels of customer service must remain consistently high through the duration of the tenants stay.
Overall, serviced offices are becoming increasingly popular and have proven to provide a cost effective way of running a professional business. Particularly for start-up companies or small business owners, where renting traditional space and cashing out for all the additional extras is out of reach. Finding a sought after location within a well run business centre will keep overheads low and is more often than not cheaper option of the two.
In the volatile business environment that is today’s setting, the need to move, expand and cut costs is a basic requirement of many businesses if they are to survive through the tough times.
For those businesses who find themselves in a position where they need to relocate there are a number of factors that need to be considered. Although the chosen location needs to fit the image of the company, it is cost that usually the determining factor when finalising the decision.
With traditional office space the cost of the rent is only one aspect – add to this the installation of telephone lines, monthly line rental and internet connectivity and your cost will significantly increase. Further costly investment includes office furniture and equipment. The fee for any maintenance or repair work will need to be taken in to account at some point and it is likely that there will also be a need to consider the cost of a cleaner as well – all of which seem to make what was once a fairly small rental figure increase dramatically.
In contrast, the all inclusive pricing of serviced office accommodation allows companies to budget without the worry of heavy bills at the end of the month. Facilities of serviced accommodation typically include fully-furnished office, integrated telephone systems, broadband, business rates, reception and answering facilities, use of common areas, maintenance, office cleaning and free car parking. Many serviced office providers even provide free tea and coffee!
In addition, the flexible nature of serviced office accommodation means that clients never have to pay for more space than they need. With traditional leases tenants are typically contracted in to a minimum of a three year lease whereas with serviced accommodation there is the possibility to move in for a day, a month, or even a year. What’s more the licence agreement is usually tailored around the individual requirements of each business.
Operating from a serviced office means it is easier to expand when necessary, taking on a larger office and additional staff as and when they are needed. This is of particular benefit for small companies who are starting out and uncertain about entering into a long-term (and what could be very costly) commitment.
Serviced office providers often have very close working relationships with their tenants that many traditional occupiers simply cannot maintain and with intense competition between different serviced office providers, the levels of customer service must remain consistently high through the duration of the tenants stay.
Overall, serviced offices are becoming increasingly popular and have proven to provide a cost effective way of running a professional business. Particularly for start-up companies or small business owners, where renting traditional space and cashing out for all the additional extras is out of reach. Finding a sought after location within a well run business centre will keep overheads low and is more often than not cheaper option of the two.
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