Guide to Serviced Offices, Business Centres & Serviced Office Space in London, the UK and Global.

What are Serviced Offices and Business Centres?

Serviced Offices are an instant, flexible and easy to utilise office space solution. They offer ready-made offices often fully equipped with furniture, telephone lines, Internet Access, reception and kitchen facilities. Personnel are usually on hand to provide building and infrastructure support.

Note: There are also Semi-Serviced and Managed Offices providing flexible office space solutions without being fully equipped.

What are the benefits of serviced offices / business centres?

1. Flexibility of Contract: You decide how long you want the office space. Contracts are normally negotiated depending on how long the office space is needed for. Contracts can be anything from 1 day in length. Comparable to any 'economies of scale', the longer the length of Contract the cheaper it will be and vice versa.

2. Ease of Transition: Since Serviced Offices already have systems in place ready for Clients to utilise at an extremely short notice, transition from an existing location to a Serviced Office is made easy, as furniture, telephone lines, network cabling and Internet access are already in place. Subsequently time and money will be saved from planning and equipping a new office.

3. Cost Effective: Serviced Offices can be extremely cost effective (depending on your exact requirements!) since you only pay for the office space you utilise. Costs of amenities, infrastructure and general building running costs are shared with other tenants in the building. There are also the cost saving benefits mentioned above.

4. Flexibility of Office Space: Serviced Offices are extremely popular with rapidly expanding Companies. Their popularity stems from the fact that office space is only occupied when actually needed and vice versa, relinquished when not needed. As mentioned above, money is saved by only committing to the actual office space needed at any one time.

5. Limited Guarantees: Trading histories, Director's guarantees, Covenants and Bank guarantees will all be needed when leasing 'Conventional Office Space'. To rent a Serviced Office will need an initial deposit and then an on going monthly licence fee will be charged on your office space and services you may use. NO credit reference checks, guarantees or Covenants will be needed.

6. Minimal Capital Outlay: Apart from the initial deposit which is refunded at the end of your occupancy term, there is virtually NO capital outlay when moving into a Serviced Office. Your monthly licence fee will encompass the majority of the charges associated with moving into a new office space.

7. Simplicity of Legal Agreements: Since the agreement you sign with a Serviced Office provider is a 'Licence' and not a 'Lease', there is no need to hire lawyers, accountants, advisers or agents to make the contract legally binding. This again saves a considerable amount of legal wrangling, time and professional fees.

Who uses Serviced Offices?

Serviced Offices are used by all companies ranging from a 1-person start-up to blue-chip multinationals looking for an instant, flexible solution to office 200 staff for a special project. Serviced Office space solutions are also used by rapidly expanding companies looking for the benefits of a flexible rental agreement to overseas companies testing new International and emerging markets. Companies now want to better service their customers by using regionally placed satellite offices, the Serviced Office is a classic quick-fix solution for this type of situation.

Where are there Serviced Offices?

There are serviced offices available throughout the UK and worldwide. Serviced Office Experts can help you find flexible office space in London, Leeds, Manchester, Bristol, Birmingham and beyond. Click on one of the links below to find out more.

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