In the report Real Estate Strategy Reset. Eight Core Truths Guiding the Future of Work CBRE says that serviced offices are becoming increasingly popular in the commercial real estate market. In fact, they claim that 56% of companies anticipate using such space after the remote working period associated with COVID-19. What’s more, 82% of those surveyed said they would favour buildings that offer flexible office space. So it’s worth looking more closely at what the future of commercial property leasing looks like.
What are serviced offices?
Serviced offices are ready-made places to work, which are equipped with all the necessary equipment. In fact, the only thing you need to start working there is your own computer. The space usually includes a reception desk manned by an operator, conference rooms, a kitchen with a canteen, toilets and most importantly – private office space for companies.
In a serviced office your guests and employees are provided with a work environment typical of a corporation. The receptionist will answer the phone, take care of courier deliveries and mail. You will get coffee in the conference room during a meeting. Your office will be cleaned daily. You also do not have to worry about meter charges, running costs or internet.
Unlike a traditional office, serviced office space provides companies with flexible leases and all-inclusive monthly costs. The length of the lease can be as long as you need it to be. It can be a few months, but you can just as easily commit to a contract for several years.
What are the main advantages of serviced offices?
Because serviced office spaces are a type of flexible workspace, the benefits of using ready-made offices are varied. Here’s a list of 4 points that outline the main advantages from renting a serviced office.
1. reputable address
Serviced offices are usually located in the centres of large cities in commercial or financial districts. It happens not without a reason. There are many benefits to having an office in the city centre, including access to restaurants, services and financial institutions. In addition to convenience, having an office in the city centre also creates a competitive advantage for business growth. Customers would be more likely to buy from a company with a prestigious address in the city centre, as location is often indicative of a company’s reputation.
2. flexible lease agreements
Moving to a traditional office space is usually associated with a long-term lease agreement. In addition to the contract with the property owner, we also have to sign a contract with the suppliers of many services, such as electricity and internet. Most of these suppliers do not allow for flexible arrangements and often impose additional fees that have to be paid when we end the contract before the scheduled end date.
In the case of a serviced office, all such services are already included in the rental price. Thanks to that you have access to various office materials, cleaning service, reception service or even delicious coffee and tea. Utilities such as water, electricity, heating and high-speed Internet are also included in the rental price. A flexible lease agreement means that you only pay for the space you actually use. And if you plan to take on more staff, the office can grow with your business, adding more workstations under a ‘pay as you grow’ model.
3 Trained administrative staff
Do you expect a visitor to your office? Do you need to mail something? Do you need new office supplies? With a traditional office, you have to handle all of this yourself. With a serviced office, you don’t have to worry about such things, as you have access to dedicated staff to help you with your daily duties. Think how your productivity will increase when you know you have an extra team member you can always count on.
All in all
The flexibility and convenience of a serviced office allows you to focus on what’s important to your business. You don’t have to worry about running the office. That is what you have us for. You can focus on the development of your company.