A serviced office space is a cost-effective, practical, and flexible property solution that is gaining traction with a wide range of business kinds around the world.
Obtaining a typical office lease can be a difficult, time-consuming, and expensive process. Serviced offices (also known as flexible workspaces) allow firms to create a presence in any place fast and for a low initial investment. Because all utilities and essential necessities are included in the monthly charge, these flexible suites offer excellent value for money.
This guide will help you decide what to prioritize when choosing your serviced office space.
Useful tips to help you choose the right serviced office space
You can, of course, perform your own web research on various serviced office operators and locales. Use a free serviced office broker if you want to save money.
Brokers who specialize in serviced offices have a thorough understanding of the industry and can assist you in comparing choices in your desired area. They can also help you organize viewings and possibly negotiate contract conditions on your behalf.
Whatever method you use to search, keep the following factors in mind. If you want to work with a free office broker, they will ask you to list your basic criteria for each of these points.
1. Understand what a serviced office is and how it works.
The first step is to familiarize yourself with the concept of serviced workplaces, especially if you haven’t done so before. They’re actually quite straightforward. Tenants pay the same amount as they would for a traditional office to rent a private space.
The difference is that these offices arrive fully equipped and ready to use right away. The décor, furniture, and broadband will all be set up and ready for you unless you choose differently. The single monthly rental rate includes the cost of cleaning, heating, and lighting.
(READ: What’s the difference between serviced offices and coworking spaces?)
2. Identify your business needs.
To find out if a service provider is right for you, you must first identify what you need. Work out exactly which resources and perks you want from these facilities, as they might be rather diverse and cater to a wide range of organizations. High-speed Internet access is required and is always included in packages.
Boardroom access, receptionist services, and administrative support are all options that can be added permanently or used as needed. In the end, it’s up to you to decide how much interaction and help you want from the supplier. They are dedicated to assisting you in the construction of a wonderful house.
3. Get the right location.
For small businesses, location is critical since the correct location can lead to significant opportunities. You can get away with relocating further away from investors if you’re an established brand; chances are, they’ll follow you anyhow.
If you’re fresh to the market, though, it’s your responsibility to pursue those leads and deals. Place your company in a location that is in the heart of the action.
4. Ask about the future.
The ability to remain flexible and in charge of the future is one of the most significant advantages of going serviced. These providers, unlike standard office leases, do not require an unbreakable commitment. If you want to leave the arrangement early, there are no fines or penalties.
Your provider will attempt to determine what is lacking. Depending on the cause for their relocation, serviced vendors frequently offer tenants smaller or larger units in the same building. Moving offices inside the same facility incur no further costs.
5. Make sure it’s within your budget.
When it comes to choosing a serviced office space, the most significant aspect for entrepreneurs is cost. If you’re a small business, you’ll probably only have a limited budget to work with, so you’ll have to be very selective about what you invest in. If you can’t afford many frills or bonuses, the usefulness of the place you occupy will be your top priority.
The most important cost decision is frequently what you compromise on. For some, it may be paying a little more to be in the correct location, but then taking a smaller area to stay within budget; for others, it may be the opposite. Finding the best office to match a budget entails assessing these factors and prioritizing those that will most benefit the company’s growth.
How Do You Pick the Perfect Serviced Office Space
There are several of these facilities from which you can choose. Simply pick the location that best meets your requirements and contact the provider. We recommend arranging onsite tours so you can examine the current features and resources.
Check some of the private offices, inquire about basic cleaning and maintenance routines, and, if feasible, speak with people currently using the serviced office. They’ll be able to provide you with frank, unbiased advice. However, try not to worry about the little things because you can always adjust them if the terms do not meet your needs.
Enterprise software development experience. More recently in positions including CTO, Lead Developer and Head of Product in Australia. Deep expertise in property and legal technology in Australia with a specialty in lead generation and tech scalability across Asia-Pacific.