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.

Latest News articles on Serviced Offices

Latest Apple News 24/01/2012 Property Index Shows Big Office Price Drops in Birmingham and Manchester CAMBRIDGE, January 24, 2012 /PRNewswire/ --Serviced office prices at lowest point since mid-2011, reports Office GenieIt's a great time for small businesses to rent office space in two of Britain's key ...

26/01/2012 Serviced Office Grp - Board Changes Serviced Office Group plc (AIM: SVO) Board changes Serviced Office Group plc ("SVO" or the "Group") is an AIM-listed provider of flexible office space, which operates 23 business centres, ...

21/01/2012 One-Stop Serviced Residence & Office best three-star hotel in KL MIRI: One-Stop Serviced Residence & Office has been rated as the best three-star hotel in Kuala Lumpur by [...]

27/01/2012 Fitch: Specially Serviced U.S. CMBS on the Rise Specially serviced U.S. CMBS loans have been on the rise since last quarter and are likely to continue increasing, according to Fitch Ratings.

02/02/2012 Pasokan Serviced Office Tumbuh 200% pada 2011 JAKARTA (IFT) – Permintaan terhadap ruang kantor di Jakarta mengalami pertumbuhan sepanjang 2011. Peningkatan permintaan paling signifikan terjadi di segmen perkantoran berlayanan (serviced office), ungkap perusahaan riset properti.

06/02/2012 Fitch Downgrades MSCI 2006-HQ9; Affirms Super Sr. & Mezzanine 'AAA' Classes Fitch Ratings has downgraded 19 classes of Morgan Stanley Capital I Trust 2006-HQ9 commercial mortgage pass-through certificates, primarily due to an increase in expected losses on specially serviced loans.

31/01/2012 City office space demand 'rises' Demand for office space rose sharply in Scotland's two largest cities last year, according to a study.

01/02/2012 Queens NY Virtual Office Center Launches Online Queens Historical Photos Gallery Queens Premiere Virtual Office Center, decorated with nearly 70 black and white historical photos of the Borough of Queens, has launched an online photo gallery of its compelling images.Queens, New York (PRWEB) February 01, 2012 The Executive Office Center at Fresh Meadows, which is decorated with nearly 70 black and white photographic images of historic Queens, obtained from the Queens ...

10/01/2012 Study Reveals Workspace Operators Outperform Traditional Office Landlords IRVINE, Calif. , Jan. 10, 2012 /PRNewswire/ -- Global Workspace Association (GWA) -- the leading trade association representing workspace operators -- released its comprehensive study of the workspace ...

24/01/2012 A City Can Be Hurt by a Lack of Decent Office Space BIRMINGHAM, ENGLAND-- - Property agents have warned that Southampton's financial and professional services economy could be put at severe risk due to the lack of top class office space in and around the ...