Renting any sort of office space, particularly in a major city can be hugely expensive and out of reach for the vast majority of companies. If you plan on renting a conventional office space you are usually required to sign a lease which can range from a minimum of 3 to 6 years, depending on the area. Furthermore, you must put aside expenses which help you pay for office accessories such as fixtures and fittings, and communication systems.
The following examples show several reasons as to why you should consider using serviced offices as an alternative.
You don’t have to worry about long-term contracts > A large portion of business owners are no looking for short-term leases which allow for maximum flexibility, serviced office businesses rent out places which can be paid for monthly. Your company will only have to pay for the facilities they actually use, it is a far more practical and cost-effective alternative to traditional rental agreements. Lengthy rental contracts are expensive and if something happens to your business, you are stuck paying for a unit which you may no longer require.
A serviced office allows you to operate on a pay as you use basis > This service helps your business to save on costs and only requires you pay for facilities that you have used. So, for example, if you require an office space in Liverpool, you can contact some local companies who can rent out specific units which gather for your exact needs. It is easy to request additional services such as extra staff or meeting rooms if your company requires them. You can also use other facilities such as:
- Conference rooms
- Kitchen facilities
- Postal services
The opportunity to test new markets > Having the ability to rent at multiple locations for a short period of time allows you to test products in a range of diverse markets. When you find a market which suits your product, you can make steps to settle long-term in that area. Likewise, if a sector is not working out as planned you aren’t stuck paying for a lengthy lease on a premises which is costing you money. Additionally, if business is booming and you plan on expanding your enterprise, you can easily test the waters by leasing short-term office spaces in a variety of locations.
Eliminate downtime > By using serviced offices, you completely eliminate any downtime, moving to a new building can seriously impact upon your business and cause you to lose money during the upheaval. The beauty of hiring serviced office space is that everything is ready for you to move into. The minute you walk in the door, your business is up and running with no delays or setbacks. You don’t have to worry about setting up communication systems or calling Internet installation companies, everything you need is fully operational.
Serviced offices are an excellent alternative to renting traditional office space, they provide numerous benefits which can help your company get ahead in the market.