Serviced offices first emerged as part of London’s business ecology in the late 80s, and have since become an integral part of the city’s vibrant and much sought after real estate market. To put things in perspective, today, London is home to 85 centres, which are spread throughout the city, totalling a combined area of two million square feet, housing more than 2,250 brands, and 18,000 employees, with 70% of serviced office space occupied by SMEs. Here, we are going to take a quick look at the benefits of using serviced offices in London rather than traipsing around office buildings.
Whether you own a start-up or a large corporate business, serviced offices provide businesses of all sizes with the flexibility they need while growing. A serviced office provides fully fitted and furnished workspace on easy in easy out terms, which is ideal for start-ups and SMEs. With all of the costs of a serviced office neatly bundled into a unitary charge, where it is fixed for the entire duration of the agreement, serviced offices offer the freedom businesses seek while still growing. In a city such as London, the most common offer is the 12-month license that comes along with a fixed desk rate which is payable monthly with a one month deposit. While the amount of flexibility one receives when getting a serviced office largely depends on the size of the office and the various amenities provided, it’s safe to say that a serviced office space is far better o than the conventional leasing option. Leasing is also convenient since most start ups and SMEs that use serviced offices stay for an average length of 18 to 24 months, with up to five-year residents not being uncommon.
As compared to serviced offices, finding a traditional office rental is only half the problem, the second half being furnishing the rented office space and getting the necessary utilities in place. With the serviced office, business owners do not have to deal with the details, since serviced offices are pre-fitted with office furniture and IT support for video conferences and telephone connectivity. Other areas that a serviced office takes care of is office maintenance, reception staff, security service, air conditioning or central heating, electricity, internet connectivity and lighting. With a serviced office taking care of all of these issues, the business owner has time to concentrate on what truly matters – the growth of their business.
Location, Location, Location
Needless to say, snagging prime real estate in some of the most sought after business centres in a city like London does not come cheap. Keeping that in mind, serviced offices allows start-ups and SMEs that are on a small budget to benefit from having an office located at a prime location. Since serviced offices are normally savvy when it comes to cherry picking the best spots across the city, you can rest assured that the location of your office is going to be amongst the most sought after in town, along with being the envy of your competition. If you’re looking to be in the thick of the action, then a serviced office is exactly what you are looking for in London.
Other conveniences of having a serviced office apart from having a professional PO box is the easy access to good transport links, which makes commuting to and from work hassle free. Being located at a business centre, the serviced office is easy to reach by your employees and customers, with plenty of nearby amenities such as banks, shops and restaurants that makes everyday work life so much easier.
We’ve already touched on this factor before, but it’s worth mentioning again. Serviced offices are ideal for those businesses that are on a shoe string budget. It makes it easy for start-ups and SMEs to remain afloat during times of financial crisis and without having to be bogged down by monthly payments of a lease. With leasing and no-break clauses out the window, serviced offices is a win-win situation for start-ups and SMEs.
More Opportunity to Network
Growing your business is all about networking. While going with a serviced office is a pretty good bet for start-ups and SMEs, it is a great opportunity to meet other like-minded entrepreneurs, since you won’t be the only professional in the building. So, whether you’re building mutual connection or just sharing the growing pains that every start up faces, serviced office space is where you will find the support you need to grow and thrive as a business.
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