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What is serviced office space?

Serviced office space is a great option for some, however, there are advantages and disadvantages to the ‘package office’ option.

How can we help?

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Definition

Office space with a fully functioning infrastructure including I.T. and telephone services, furniture, utilities etc. You are therefore able to move in right away. You pay per person / desk on a monthly basis inclusive of costs such as heating, electricity, insurance etc. You can rent a serviced office space in London for any period from a month up to a year. Additional services such as boardroom hire, secretarial services, photocopying, and I.T. assistance are usually available at an extra cost. As well as a fixed term contract, you can also rent on a monthly basis and leave without notice period or penalty.


Advantages
Increased flexibility – no long term contract.
No need to pay for office space surplus to your requirements.
Immediate Occupation.
No rates, service charge, heating, gas or electricity to pay so together with the rent, these costs are fixed.
Disadvantages
No branding / Corporate Identity.
Usually substantially more expensive (if worked out on a per square foot basis). Potential inconvenience of sharing floor with many other businesses.
Lack of privacy.
Less presence.