What is a serviced office?
Serviced offices, sometimes also referred to as flexi offices are fully fitted and furnished ‘plug-and-play’ spaces that offer the freedom to adjust space requirements quickly and without the hassle long-term contracts bring. They are ideal for start-ups, rapidly expanding businesses and those that value (or require) the flexibility to up or downsize easily.
What are the top benefits of a serviced office?
Serviced offices offer a convenient and efficient solution for many businesses, with benefits that include:
Ease of entry
Serviced offices come fully equipped with tangible furniture, internet connectivity, all stationary, printing and cleaning services etc. It provides a ready-to-work solution with everything included.
Most providers usually ask for a deposit of no more than two-three months’ rent. Conventional offices are considerably more costly, often requiring full fit-outs, office furniture, larger deposits and longer lead-in times for the office to be ready for occupation.
Flexible commitment periods
Serviced offices offer shorter commitment periods than traditional leases. Some serviced offices offer monthly rolling contracts on short notice periods. Typically, licences usually run for 6 months or 1-2 years, which is favourable if you are a growing or start-up business requiring flexibility to grow or contract as necessary.
Immediate move-in options
The plug-and-play spaces mean you can move in almost instantly with no lengthy negotiations or time-consuming contracts to complete.
Minimal exit costs
Depending on your contract, you may be able to give notice just a month before leaving. Plus, with no heavy equipment or furniture to move out, it makes for a quick and easy process.
What if I want to change my space?
The flexibility of serviced offices is an ideal perk if you are unsure of the future growth of your business. With a serviced office, you can take a short commitment period and have the ability to up or downsize quickly. During a fixed period contract, if you require additional space, you can easily either take additional adjacent space, or you can upgrade the entire office to a larger one as your business grows, subject to availability within the building you occupy.
How do I find a serviced office?
The popularity of serviced offices against increasing demand and competition means Googling your way to finding the perfect space can be complex, time-consuming and overwhelming.
Here at the Lorenz Consultancy, we are experts in sourcing all suitable opportunities and in negotiating the best financial rates and optimum lease/licence terms on your behalf and in conjunction with your requirements.
Through our longstanding relationships with all serviced office providers across the capital, we have the ability to present you with a full schedule of options on short notice and advise you through the process, leaving you to focus on your day-to-day business needs.
If you are considering serviced offices, or if you would like to explore further, feel free to contact the Lorenz Consultancy or fill out this quick form to start your search – we will take care of the rest.