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Executive Office Space
A serviced office, aka executive office, is an office or office building that is fully equipped and managed by a facility management company, which then rents individual offices or floors to other companies. Serviced offices, which are also referred to as managed offices, business centers, or executive centres, are usually found in the business districts of large cities around the world.
Companies offering serviced offices are generally able to offer more flexible rental terms, as opposed to a conventional leased office which may require furnishing, equipment, and more restrictive leases. Because no long term commitment is usually required, serviced offices are especially popular with business startups and small scale representatives of large companies. Space is normally flexible, allowing for additional space to be allocated at short notice, should the size of an individual business change.
Serviced offices often allow tenants to share business machines and other resources, providing reduced costs and access to equipment which may otherwise be unaffordable. The facility generally includes security, reception and mail support. Some serviced offices primarily offer hot desks. There may also be additional facilities such as conference rooms, meeting rooms, break out areas, and services such as secretarial support; these are often available on a pay-per-use basis. [Wikipedia]
Benefits of using Serviced Offices
Instant Access – usually, you can move in to a fully-fitted turnkey office suite, within 24 hours, providing you with an immediate solution to your office requirement.
Flexibility – they are flexible, streamlined and trouble-free – you can expand, contract or relocate at short notice. You do not need to worry about giving bank or personal guarantees. You are also free from the burden of site management and from leasehold responsibilities and obligations.
Cost Effective – when all the costs of running a business are taken into account Serviced Offices offer excellent value for money. There is no business set up costs and no estate agents or solicitor’s fees. All your outgoings are tax-deductible and treated as standard operating expenses.
Convenience – the offices are usually fully furnished and equipped, decorated, cleaned and maintained, all for an inclusive monthly rental payment. The only extras are incurred on a pay-as-you-use basis. On site business support services include telephone-answering, message-taking and secretarial/boardroom hire.
Variety – all budget and location requirements are catered for, ranging from economical space to corporate, executive suites in landmark buildings – worldwide.
Latest Technology – if required, you can take advantage of the most up to date office building technology, including high speed internet access, state of the art cabling/wiring, lighting, partitioning and furniture, air conditioning, etc, etc.
Available to all – they can be used by anyone, whether you require 1 or 100+ workstations. Nowadays, many companies use them as a long term alternative to conventional office space. They are also used by new ventures, for specific projects or contracts, as new branch offices, as overflow/interim space, by companies that are expanding and/or who need flexibility and foreign companies needing local representation, providing a professional corporate image that does your company credit.(searchofficespace.com)