A serviced office is a fully equipped commercial space with flexible lease terms, offering a range of services, including furniture, equipment, cleaning, and administrative staff. It is a cost-effective and convenient option for businesses, particularly those with a global reach.
A serviced office is a commercial space equipped with furniture and equipment. Rather than the traditional method of a company moving into an office suite and having to furnish and outfit it, as well as arrange nightly cleaning, food delivery, stocking supplies, insurance payments, and the like, the space is serviced . The company provides a service to handle all the operational details of a functional and fully equipped office, so you can concentrate on running a business. Another essential component of a serviced office is that the lease is flexible to the company’s needs.
Typical lease lengths for serviced offices tend to be a few months, rather than three, five or 10 years for traditional commercial space. Thinking of an “instant office” with flexible lease terms is a good way to see what this type of arrangement includes. A company gets all the details of creating a new office space for them. While businesses need to pay for this service, they often save money as there is no need to spend thousands of dollars on office furniture, which includes cubicles and storage pieces.
Even the cost of furnishing a large meeting room with a table and chairs suitable for client meetings can be a large purchase. Getting all furniture and equipment used at your preferred lease time is another huge benefit of a maintained office arrangement. If a business only needs the space furnished temporarily, there is no need to worry whether the furniture in that office will be suitable for the more permanent one.
Covering small details, such as ensuring food is stocked in the cafeteria and paper items in the restrooms, is another pro of having a serviced office. The company makes choices and negotiates prices with a once-serviced office provider, and at most has the small task of writing a check once a month. Depending on the specific arrangement, the services provided may include a computer system that meets the exact requirements of the company. Some service offices even include a receptionist or other administrative staff, along with reception supplies and furniture.
The convenience of a serviced office can be particularly advantageous for a company with a global reach. Office managers transferred from another branch in other parts of the world can move with a minimum of fuss and save work time to focus on business. Owners and upper management often find that buying a maintained office is more cost-effective than having their highly paid managers do the reorganization work. With the office setup and all related services managed by one vendor, managers are free to perform the tasks that were primarily remunerated, such as supervising staff to increase production of the company’s goods or services.
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