When it comes to renting an office space in London, many businesses opt for serviced offices. This is especially true for startups, scaleups, and SMEs who crave greater flexibility than traditional office leases, to suit their dynamic and ever-changing business needs. But what is a serviced office exactly?
There are different types of serviced offices and private serviced offices are ideal for companies who want their own space. We’ve compiled this guide with everything you need to know about serviced offices to empower your search for the perfect office space to rent.
A Convenient Workspace Solution
Convenience is the essence of what serviced offices are. They’re workspaces that are ready-to-go whenever you are ready to get going. Everything that you need to run your business such as furniture, WiFi, bills and amenities is included in the rental price. This allows you to start working straight away when you move into your new office, whilst significantly reducing your upfront costs.
Having all utilities and facilities included in the rental price also means that you can plan and budget effectively throughout your tenancy, without any hidden costs. You can also pay-as-you-go for additional services on demand instead of paying for amenities that you don’t use. This will help to keep serviced office costs down. For this reason, traditional offices can end up being more expensive over time as extra costs start to add up.
With a serviced office, you can rest easy knowing that you’ll have no nasty surprises and everything is being taken care of.
Flexible Office Terms That Work Around You and Your Business
Renting a serviced office often gives you much more freedom within your contract than a traditional office lease. Serviced offices offer flexible term contracts with shorter lease lengths which can start on a month-by-month basis, whilst traditional leases can be up to 10+ years. Serviced offices also give you the ability to flex the space at short notice as your business changes.
This kind of flexibility is perfect for startups and dynamic businesses that are likely to be scaling up or down. It’s also great for larger companies that recognise the benefits of having some flexibility in their workspace strategy and don’t want to be tied down to a long term contract. Whatever the case may be, it doesn’t hurt to have a little bit of flexibility in your contract when renting an office as you never know what’s around the corner.
Beautifully Decorated and Furnished Workspaces
Another perk of serviced offices is that they come fully-furnished. Not only does this allow you to save time and money kitting out an entire office. But it can also mean that you and your team will be in a beautifully designed workspace. This can be a perfect environment for your business to flourish.