5 Things That Make Serviced Offices Better than Traditional Offices

Serviced offices have become quite popular in past few years. They offer countless benefits in terms of flexibility, competence, and costs.

They also have numerous benefits over traditional offices, catering to specific needs of every business. Here are few key advantages of serviced offices that make them one stop solution for several businesses operating today:

1. Start-up Costs

If you choose a traditional brick and mortar office, then your start-up costs can be astronomical that include:

• Furniture and equipment

• Fit-out costs

• Fixtures and fittings

• Deposits for rental as well as leasehold properties

All this comes under your expenditure for renting a traditional office space.

But, when you choose a serviced office, you get short-term agreements at affordable rates. A serviced office is fully furnished, fitted office space that is benefited from up-to-date technology and interior design trends.

2. Quick Facilitation

Finding a conventional office space, undertaking relevant surveys, setting up technologies, and furnishing is always expensive and extensive. If you select a serviced office space, you can better utilize all your efforts and capital in growing, developing, and developing your business.

3. Flexibility

If you want to survive and thrive in today’s changing economy, then remain flexible to change. If you can adapt to downturns when the market grows or declines, then you can be a successful businessperson. Serviced offices provide you the maximum flexibility in terms of increase or decrease office space as required. They enable quick adaptability, offer short-term contracts, and provide associated services like conference facilities, business lounges, and meeting rooms.

In short, serviced offices can shrink or grow as per your business needs and objectives.

4. Prestigious Business Address

In the recent past, prestigious business addresses, buildings, and locations were reserved only for the most esteemed companies. However, now it is possible for everyone, including solo entrepreneurs, small and medium sized business, as well as multi-national corporations to benefit from the same prestigious locations as their bigger competitors. If you rent a serviced office in prime business location, you get to position your company with fully fitted, furnished, and exquisite offices at affordable prices.

5. Fixed Costs

With a traditional office, you face the problem of variable costs like electricity, phone bills, heating, printing, water, and reception staff and so on. But with a serviced office space, you get an all-inclusive price along with security of cost planning and cash flow presentation.