office space rental guide

What are my ongoing costs of renting serviced office space?

Firstly there will be the licence fee. This is paid monthly in advance and will form the vast proportion of your costs. The licence fee includes a variety of costs - the inclusions may vary slightly from building to building but generally will include - Rents, Business Rates, Service Charges, Heating, Electricity Water Rates, Furniture, Telecoms (Shared Switchboard and individual telephone handsets), Telephone answering in your company name, Computer Network infrastructure, Reception and Receptionist to meet and greet your clients,Use of shared meeting rooms, Building Security and Building Insurance.

In addition to your licence fee you will have the services bill to pay. All items on this bill are variable costs that are under your control. This is to state that there are no hidden costs. This bill will be made up of outgoing phone calls (99% of serviced office spaces now charge standard carrier rates or discounted rates below this), internet access (there are a myriad of options available in this spectrum and associated costs also vary dramatically depending on your needs), meeting rooms on a pay as you use basis, any secretarial services that you may request and any other peripheral services you request such as dry cleaning, buffet lunches etc.

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