As we continue to live in these extraordinary times, the workplace continues to change. These innovations have presented new problems and impediments for business executives to overcome.
Due to the coronavirus pandemic, many of us have begun to seek quiet and comfort in our own personal, private areas, where we have complete control over any subsequent circumstances.
However, while some people have found satisfaction in creating their own private office in the comfort of their own home or apartment, others have come to long for the return of their daily routine.
A serviced office – your very own, fully functional, full-time private office with administrative and technological assistance built in – is a perfect solution to this need.
What Is a Serviced Office and How Does It Work?
Serviced offices, also known as serviced workspaces, flexible offices, managed offices, or executive suites, are commercial premises that include facilities management and are commonly found in business districts of large cities.
Traditional leased offices may require furnishing, equipment, and other time-consuming and costly resources, whereas serviced office facilities offer more flexible terms. Serviced offices also allow business owners to rent only the quantity of office space they require, rather than overpaying for more.
Serviced offices are office spaces that can be rented on a “as-needed” basis. It’s perfect for freelancers and small businesses who need a space to work and meet clients but don’t want to commit to a long-term lease. These types of workspaces are becoming more popular as our working habits change. Many firms, particularly in major locations like the US and UK, cannot afford high leasing expenses.
The term “serviced” refers to the all-inclusive office amenities that are included in a serviced office, such as administrative support, IT support, a full kitchen area, and facility management.
Who Uses a Serviced Office?
Serviced offices attract a wide range of clients due to their flexibility, convenience of use, and accessibility. Among these clients are:
- Start-ups: Serviced offices are great for new businesses looking for adequate office space without the commitment of a long-term lease.
- Businesses that are expanding into new markets:Businesses venturing into new, unproven markets might benefit from the short-term rental options of a serviced office.
- Project-based teams: A serviced office can give a flexible, short-term option that can be altered depending on the project’s completion date for these organizations or teams that must fulfill a contract.
- Pop-up companies: Pop-up enterprises, like project-based teams, can take use of the flexible benefits of a serviced office if they only need to remain in a certain area for a short time.
- Growing companies: Serviced offices are great for large, developing businesses that are locked into long-term office leases and require temporary workspace for their employees or teams.
How Can Serviced Offices Benefit You?
Long rental contracts can be a disadvantage if you do not always need to work from the office. Serviced offices may be a better alternative in this situation. You have the freedom to work from the serviced office whenever you want, without any obligations. You may only want to utilize the office for customer calls, or you may simply want the freedom to come and go as you want. This is one of the most appealing features of serviced offices, particularly for individuals who prefer a flexible work environment.
2. Collaborative Workspace
Managing your business as a freelancer or as part of a small team, can be lonely, especially if you work from home. Because serviced offices are part of a communal location, they allow you to meet new people, discuss ideas, and maybe gain new business. These office environments appeal to solo professionals because of their collaborative nature.
3. Cost-effective Solution
You simply pay for the space you use with serviced offices, and there are no extended contracts to deal with, making it a far more cost-effective way to conduct your business. You’ll also get access to all of the tools and resources you’ll need to run your company effectively. Long-term rents can be expensive, so taking a flexible approach to your business will help you save money.
4. New Business Opportunities
You may be missing out on possible business prospects if you can’t afford to rent an office space in a sought-after neighborhood with high business potential, such as the heart of London. You may set up shop wherever you want with a serviced office and gain access to a whole new market. This is a major motivator for companies looking to expand their market reach.
Many serviced office providers host networking events as well. You will have the opportunity to meet new people and potentially find someone or a company with which to work on a project. Alternatively, you may locate a new client—either way, you win. You’ll have the opportunity to network with people from other industries who can help spread the word about your products and services.
5. Immediate Availability
Businesses don’t always have the luxury of dedicating weeks to relocating equipment and staff. They may need to get up and running as quickly as possible in order to begin producing money. However, by allowing clients to move in right away, these office spaces lessen downtime.
Keeping the social side in mind, many people believe that working in a group environment makes them more productive. Working from home can be distracting, however working in a serviced office allows you and your team to be more focused. Keep in mind that many serviced offices will provide you with a dedicated crew. Using the crew at your serviced office, who are also included in the rent, will help you save money on salaries and wages.
7. Trained Admin Staff
Do you have a visitor coming to your office? Do you need to send something out? Do you require some new office supplies? These serviced spaces wouldn’t be complete without a team of well-trained employees, such as a professional receptionist who can help with day-to-day operations. You may relax knowing that you have an extra member of your team to rely on.
Overall, serviced offices give you all of the basics of running a business, and they free up your time by handling all of the tiny but important issues of administration and utilities. With readily available administrative help and IT infrastructure, serviced office buildings relieve a lot of the stress from business owners. As a result, they’re in higher demand than ever before, and they’re springing up all across the country.
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.