Serviced offices are like office hotels and can be extremely useful either when establishing your business or for overflow/short-term relocation for larger businesses.
All commitments are extremely flexible and all infrastructure is in place ready to go, allowing you to concentrate on your business operations rather than phone lines and waste collection, important when establishing your business. In addition all facilities are available on a pay as you go basis, allowing you to only use what you want when you want.
They can however be expensive and should not be considered as a realistic replacement for permanent relocation. The reason for this is that services such as meeting rooms, tea and coffee making facilities, faxing documents etc are charged on an inflated pay as you go basis – extremely useful when you don’t plan on using the services very often and do not want the hassle/expense of ownership but expensive in the long term when you could be benefitting from the discounts of ownership and/or economies of scale.
It is therefore important to shop around for the best deal and to read the small print. Indeed the same applies as it does for conventional office space – you must be sure that the space works for you on a physical and financial basis before entering into a binding agreement – whether it is for one week or five years.
It is also important to remember the notice period to which you are signing up for. Serviced office centres will try and make this as long as possible in order to maximize their rental income but remember why you are going in there in the first place – flexibility!
Please let us know what you are looking for below and we can help.
For more advice on serviced offices and for information on the various pitfalls please contact us: T: 0207 788 8960 E: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
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