Serviced office spaces are becoming increasingly popular as a fantastic alternative to traditional office spaces - and for good reason.
In this article, we take a look at the benefits of a serviced office space and who most benefits from them.
A serviced office space is a fully managed, designed and furnished workspace and the concept was first developed in the 1960s. Serviced office space is normally provided on a fully fitted out basis with a variety of services supplied to support its occupiers.
They are available in many different sizes and they are also known as managed offices or executive offices.
Serviced office spaces provide flexible working space, which is highly beneficial to companies, especially in a post-COVID landscape.
1. Easy, Low-Cost Set Up
The nature of serviced office spaces allow you to essentially turn up and get to work, with very little set up required. As most serviced office spaces are already furnished, you can move in right away.
No need to wait for phone lines or broadband to be installed, it’s all ready to use from day one and included in the package.
2. Flexible Lease Terms
Conventional leases often require a long term commitment of at least a few years. In contrast, serviced offices feature much more flexible lease terms, with many offering space on a month by month basis.
This allows companies to be more flexible when planning an office space, and the time they need it for.
Crucially, companies have the ability to scale up or scale down their space needs as their business evolves.
3. Cleaning & Maintenance Included
In traditional offices, businesses have to hire separate companies to clean the office every night and provide maintenance of the building.
IT support is not normally included. Maintenance of the building and the office space such as repairing lightbulbs is however included.
However, business centres that offer serviced office space already have an on-site team for both cleaning and maintaining facilities, freeing up both time and money for businesses to purely focus on their operations and development.
4. On-Site Facilities
Organizations that utilise serviced office facilities or business centres will be renting only the space that they need for the people that they employ.
Normally when taking a lease for office accommodation, companies will have to include space for tea points, meeting rooms, and break out spaces which they will pay rent, rates and a service charge on.
With a business centre, all of this is included - you just pay for the work space.
5. Trained Administrative Staff
By taking serviced office space, you gain access to the professional on-site team of the business centre that can help with many tasks to make your life easier.
This can include meeting and greeting visitors for meetings, taking in parcels and mail, and even answering your calls. They also deal with the primary Health and Safety issues associated with running the office space. From organizing water testing, gas safety and lift maintenance, the on-site team undertake a lot of the work that is not normally considered when renting an office building.
6. Benefit From Rates Relief
Business rates are payable to the local council, and are normally dealt with in two different ways. The serviced office provider will have all of the individual office suites individually rated by the valuation office, or they have one assessment for the whole centre.
Serviced office accommodation like ours is individually rated, which means that if you are an organisation that qualifies for rates relief (small business, charity etc.), you can claim it. Our customers also benefitted immediately from the government COVID grants.
7. Networking Opportunities
As serviced office space is usually offered in business centres, this gives you the opportunity to network with the other companies in the building.
This can be a great way of getting referrals and generating new business, as it’s made possible through serviced office space.
Having been through the benefits, who exactly is a serviced office space best suited for?
Serviced office space is suitable for companies looking for flexibility and is perfect for organisations not looking to be tied into multi-year leases or broadband contacts that can feel like a lifetime.
If you fit into any of the categories below, a serviced office space could be ideal for you and your business:
Startups and High-Growth Companies: For businesses that want flexibility to match their growth projections or where an organization is not quite sure whether they will be needing to increase or decrease their headcount as their business needs change.
Project-Based and Remote Teams: For businesses that have teams/individuals who need to work remotely or in a specific location for a project.
Companies Expanding Into New Markets: For businesses that want to expand to new cities/areas without committing to long-term leases.
Transition Space: For businesses who are moving between locations and need quick and immediate access to an office space.
If you’re looking for a serviced office space in Cheshire, choose Pioneer House. Our Ellesmere Port based site offers exclusive office space on a modern business park with extensive on-site parking.
Our site has a range of office suites of varying sizes (1 to 100 people) available to let, with all offices individually air conditioned/heated and provided on a fully managed/serviced basis - but on terms that can be tailor made to suit your exact needs.
If you’re interested in learning more, contact Pete Belfield today and arrange a viewing.