When you’re looking for a new workspace for your team, it can get a bit overwhelming, especially with all of the different types of offices for rent. All of a sudden, you’re seeing all these terms like managed offices, private serviced offices, serviced offices… (Even more confusingly, those three terms all mean more or less the same thing.)
Essentially, a serviced office is an office space that comes fully equipped with everything you need and is managed by a company that will take care of things like cleaning, energy and internet. But a serviced office can mean so much more than that.
While the definition of serviced office pretty much starts and ends with stuff like bills and maintenance, many entrepreneurs find that a serviced office can mean much more to their business.
From being a space that inspires your team and attracts the right staff and clients to the added simplicity of rolling all your operational overheads into one manageable payment, more and more businesses are turning to serviced office spaces in London as their new HQs.
So to make things easier for you, we’ve put together a rundown of all the things that a serviced office means to different businesses across the capital.
Serviced offices meaning – an office space that reflects your aspirations
The phrase “fake it til you make it” isn’t always the soundest advice when you’re in business. But finding the right serviced office means you can get an office space that emulates some of the most forward-thinking brands, help your team aspire to greatness and create the right first impressions.
Think about brands like Squarespace. They’re a company that specialises in helping people create unique websites, so it’s no surprise that their offices are amazing. Squarespace has a team of over 950 staff with fantastic offices in New York, Portland and Dublin. With that many staff, you’d assume that they’re squeezed into boxes to grind out their days. But their offices are open, collaborative spaces with plenty of natural light, and they’ve got a cafeteria with a resident chef.
A serviced office is a great way to set your business up for success and establish your credibility right off the bat. Plus, the flexibility and beautiful design of many office spaces available will be a constant reminder of what you want to achieve and push you to pursue it.
Serviced offices meaning – an office space your team love
Gone are the days when an office meant working eight hours in a grey cubicle and waiting for five o’clock to roll around.
That’s why a lot of serviced offices are stunning spaces that are deliberately designed to inspire. By going beyond just desks and chairs and offering soft furnishings like sofas and armchairs, art, plants and lashings of natural light, these offices are places that you want to work in and inspire you to smash whatever you’re working on.
Some serviced offices also let you put your own stamp on the office. It’s worth checking with your serviced office provider whether you’re allowed to personalise the space first, but a lot will be more than accommodating to your needs.
Being able to decorate and personalise the space with your logo, art, and even a foosball table or a beer fridge can help you create a space that aligns with your brand culture. Plus, having an office space that your team love has been linked to employee happiness and productivity.
Serviced offices meaning – a workspace that encourages collaboration
The old ideas of sectioned off cubicles for employees and rigid structures are slowly disappearing. Rather than chaining people to desks, modern companies give their staff the space to do what they do best by offering meeting rooms, communal facilities and breakout areas.
The best serviced offices have all of these facilities and they’re available at no extra cost. Meeting rooms are perfect for getting people together without disturbing the rest of the office, whether for internal or client meetings (the rooms are designed to wow clients).
Some offices offer communal facilities like fully-equipped kitchens and shower facilities, so whether your team wants to pull longer hours to get that project over the line or hit the gym on their lunch break, they’ll have somewhere to prepare a decent meal and freshen up.
Breakout areas are perfect for team members to get away from their desks and get together for creative thinking, brainstorming sessions and those “aha!” moments that always seem to happen at the watercooler. Plus, they do wonders for productivity.
It’s worth searching around for serviced offices with these extras as access to meeting rooms, communal facilities and breakout areas are sometimes luxury features that can be a pricey additional cost. Fortunately, there are plenty of serviced offices with these amenities included. You can get more for your money, and your team can be more collaborative and productive.
Serviced offices meaning – an office that grows with you
Flexibility, agility and the ability to adapt to changing objectives are at the heart of start-up success, and your office space should be no exception.
Renting a serviced office gives you a lot more freedom than a traditional office lease. Most serviced offices provide flexible term contracts and shorter lease lengths. Traditional leases can have you tied down for over ten years, while a serviced office can start on a month-by-month agreement so you can quickly move offices if you need more space as you grow.
While this means that serviced offices are an excellent choice for start-ups, it also makes them great for larger dynamic businesses that are likely to scale up or down and don’t want to be stuck in a long term contract that doesn’t suit their needs.
Serviced offices meaning – all-inclusive pricing for easier budgeting
Renting a traditional office space can be expensive, and once you add furniture, WiFi, bills and amenities on top, they can really break the bank.
But with a serviced office, everything is usually included in the rental price. They’re workspaces that are good-to-go whenever you’re ready to, so you can get straight to work when you move into your new office and reduce your upfront costs.
Plus, having all utilities and facilities included in the rent means you’ll be able to budget and plan effectively, knowing that there aren’t any hidden costs. Some serviced offices also offer pay-as-you-go options, where you only pay for amenities when you use them.
If you’re a start-up or a small business looking for an office, a traditional office can set you back a fair bit for an essentially empty space. With a serviced office, you’ll have everything you need to keep doing what you do best and not worry about nasty, surprise bills.
Serviced offices London: Where to find them?
With all of the benefits of a serviced office, it’s no wonder that there’s a massive demand for them across the capital. Since 2008, the UK has seen the serviced office market grow by 31%. Every day, more and more serviced offices are popping up in places like:
With so many available, there’s a lot of choices for start-ups and businesses to choose from. If you’re thinking about a serviced office, bear in mind what a serviced office can really mean for your business, so you can get the best option for you.
Flexible, cost-effective and hassle-free office spaces
A lot goes into making a serviced office great; it’s more than just a space to go and do your work and to grind out the nine to five. They’re usually flexible, cost-effective and hassle-free office spaces that offer:
— Creative, open spaces that encourage collaboration
— A wide range of facilities, including kitchens, showers, etc…
— All-inclusive, fixed-price rent
— Flexible leases
— The ability to get to work as soon as you have the keys
So if you’re looking for a new space that will help your business grow and inspire your team to hit their goals, a serviced office might be right for you.
At Canvas, we offer private serviced offices for rent in London. We work with the best interior designers to create fully-furnished luxury office spaces that are modern, creative and inspiring. We like to go the extra mile by providing access to meeting rooms, both within and across our buildings, communal facilities, and breakout areas included in our rental prices. All of our offices can also be tailored to suit your bespoke needs. Get in touch to find out more about our private office spaces in Shoreditch, Old Street, Dalston, Mayfair and Clerkenwell.