Anyone considering renting an office lease should identify the differences between a conventional office lease and a serviced office lease before signing a contract, as the variations in the leases can be quite significant.
Conventional office leases require a business to sign up to at least five to ten years for an office space; therefore, this is not great for start-up companies who have no idea whether or not they might expand in the future or whether they will still be trading in five to ten years time. However, serviced offices do not require such a lengthy commitment as most business centres only require an organisation to sign a short lease of twelve months.
Conventional offices can also be a lengthy transfer process as the average set up time is six to nine months before a company can move in. Serviced offices, on the other hand, can allow companies to move in within three days of signing a lease.
The great thing about serviced offices is that they allow a company to expand or reduce the size of their office space. Conventional offices, however, are not as flexible.
Serviced offices also offer a variety of fantastic in-house business centre services, such as a receptionist, mail handling, telephone answering, facility management, security, IT support, secretarial support and a meeting and conference room co-ordinator. Conversely, conventional offices require a company to hire their own reception, facilities and management services.
Any company considering serviced offices should contact a reputable real estate who are specialised in serviced offices in business centres. An experienced serviced office real estate agent can provide an organisation with serviced offices in London, offices to let in Manchester and in many other locations.