Is a serviced office suitable for my business?
As the serviced office market has evolved the options available
to businesses have increased to such an extent that the majority
of companies that are in need of offices should consider the
serviced / managed office market when looking for new or additional
premises.
There are three main reasons businesses will not generally
consider serviced or managed buildings as a solution to their
property needs - they are price, lack of control / identity
and size. It is commonly believed that serviced offices provide
an expensive property solution to business. This is not generally
the case.
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We specialise in finding
our customers flexible exective office suite
in the UK and throughout the world.
We will help you find
the right solution to suit your business,
whether you require business centres, serviced
offices, executive office suites, short-term
office lettings or leases.
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The perceived expense is generally because the majority of
business are not used to seeing property costs presented in
the way that serviced offices price their product. Businesses
generally set budgets in terms of a rental cost. This cost
is derived by multiplying the price per square foot / meter
by the total area required. This will give you a figure that
is a PROPORTION of your total occupational cost, it does not
include service charges, business rates, heating, electricity,
building staff costs (facilities, receptionist, telephonist
etc), capital expenditure such as furniture, switchboards,
network cabling, security and so on. Whereas the price you
pay with a serviced office will include all of the above and
will obviously be greater than the cost of just the rent -
but still may well be cheaper when all of the additional costs
have been accounted for.
It is true to say that there are very expensive serviced
office spaces as there are very expensive cars, hotels, houses
and holidays. But as with all markets there is another end
of the spectrum.
Many consumers have a perception that if they go into a serviced
office they will not be able to stamp their corporate identity
onto the space. This is true in some buildings but in more
of the managed buildings this is generally not an issue.
A common image of serviced office spaces is that they offer
small units that they can only accommodate a small number
of people. Medium to Large enterprises sometimes are unaware
that serviced office spaces can provide them with a viable
property solution.
Historically the serviced office and managed office have
appealed more to companies that:
Needed to move in the next three months.
Need a flexible contract that allowed there your business
to grow or contract.
Have needed the ability to change location at short notice.
Are you projecting a 20% plus increase or decrease in staff
per annum.
That need to house any number of people for a short period
of time.
Are setting up in a new market.
Want somebody else to worry about the facility management
and running of the building leaving them free to focus on
running their business.
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