This is probably the fastest growing and most exciting sector of the European and global property market today.
The rate of growth of the Serviced Office industry has been nothing less than explosive over the past few years.
Serviced Offices are a total solution in the sense that they are fully fitted and furnished, ready for immediate occupation. The Serviced Office Operator takes responsibility for all of the services to the building, and in addition provides a range of business services including reception and telephone answering services, secretarial support, conference and meeting facilities, video conferencing, networking and high-speed internet access.
What does a Serviced Office cost?
Whilst costs may look high initially, the rent that you pay includes almost all of the costs that you would normally expect to pay on top of rent in a conventional office.
There are no additional costs for business rates, heating/air conditioning, lighting & power, security, cleaning, building & plant maintenance, elevators, insurance etc.
The only additional costs, on top of rent, are for telephone/internet usage (which are normally charged at standard or even discounted rates) and meeting rooms if you use them, charged by the hour. In fact, there are a number of operators now offering unlimited telephone calls and internet usage within the rent.
There is also no charge for furniture which usually includes the latest workstations with chairs, filing systems and tables for meeting rooms.
Check out our London office price guide to find out exactly how much an office will cost you.
How long is a Serviced Office lease?
A major difference between serviced offices and traditional offices, which is one of the main reasons for deciding to use them, is the length of the lease.
A serviced office lease may be as short as 3 months, or more typically 6, 9 or 12 months. This is very different from the long lease normally associated with a traditional office and gives many organisations the much-needed flexibility to shrink or expand as their business dictates.