In this article, we will be discussing the benefits of serviced offices.
The way in which we work is changing. As time passes and technology gets ever more advanced, our workspaces are also upgrading and improving. Gone are the days of traditional office spaces and rigid working days. Both employees and employers alike need something which is flexible to fit the modern lifestyle.
The percentage of people who work remotely in the UK has skyrocketed, as conventional office spaces become obsolete. However, working from home has its drawbacks including slow internet connection, a noisy household and lack of human interaction are all qualms of WFH. It can be hard to collaborate on projects over Zoom when the connection is dropping every 5 minutes. Employees work better in a physical space together, but a traditional office can be limiting. What is a serviced office? This is a contemporary way of working which is most suited to the modern world.
What is a serviced office?
A serviced office is a fully furnished, flexible workspaces that you can hire on a contract-free basis. Offices that come equipped with everything you need to work, from comfortable ergonomic furniture to phone lines and superfast Wi-Fi. The equipment provided is always up to date and high quality, meaning you don’t have to invest in a lot of expensive tools.
If you need office space at short notice and want to avoid long leases in a permanent building, a serviced office is the solution. It provides a private and physical space for your team to meet, work and collaborate.
Advantages of Serviced Offices
What are the key benefits of serviced offices? There are many benefits of serviced offices, such as flexible or short term leases, cost-effectiveness, access to different facilities and access to new markets. Below we will discuss each advantage of serviced offices in more detail. So, let’s get started on the advantages of serviced offices!
- Flexible leases
- Cost-effective and no downtime
- Access to existing facilities
- Access to new markets
Benefits of serviced offices #1: Flexible leases
Having permanent space in an office building can be expensive, and serviced offices provide flexibility. They are ideal for small businesses and start-up companies, as they allow for growth and cutbacks. When your budget is smaller or the prospects of the company are unsure, having this option is really valuable. It provides peace of mind to the business owner that you are not tied into any long term contract which can be costly.
This is probably our number one benefit of serviced offices. At Kents Hill Park, we offer serviced offices on an ad-hoc basis. Meaning that you aren’t tied into any long term contracts. You can rent an office on an hourly, daily, weekly or monthly basis.
Benefits of serviced offices #2: Cost-effective & no downtime
Another advantage of serviced offices is that they are incredibly cost-effective. You only pay for the space you need, when you need it. What’s more, is that serviced offices will often come fully equipped with everything you need for a productive working day such as desks, chairs and cables. Typically, all you will need to bring along is your PC or laptop. This will save you money on having to invest in furnishing a large office space or having to buy all the latest technology and equipment. Instead, you can invest this spare cash into other aspects of the business.
Benefits of serviced offices #3: Access to facilities needed to run a business
This is one of the best benefits of serviced offices. Typically, when you are renting a serviced office, some of the standard facilities will be fully-staffed reception desks, kitchens, breakout spaces, cleaning and maintenance, meeting rooms and networking opportunities. There are literally no hidden costs and you don’t have to worry about energy bills. This makes budgeting extremely easy. This is why serviced offices are great for start-ups and freelancers alike.
Benefits of serviced offices #4: Access to new markets
Who doesn’t love networking? An advantage of serviced offices is that you will get to meet like-minded people. Business centres or serviced offices are available across the whole of the UK and give business owners a wide choice when it comes to establishing a base. Often, you will get familiar with the other companies using the office space and can establish some great connections. You can easily gain access to new markets and exchange advice with others.
What can I expect from a serviced office?
Break out spaces are important features of a modern office, ideal for casual meetings and a place to recharge. Most serviced offices come fully equipped with these features. All the furniture in a serviced office will be specifically chosen for function and comfort, from luxurious sofas to desk chairs with lumbar support. Phones and Wi-Fi will already be set up, ready to use upon arrival. This minimises wasted time, ensuring you can start working straight away. No need to worry about hiring a commercial cleaner, these elements are all included in the price.
Serviced offices are available all over the UK so wherever you are, you can find a flexible serviced office to suit your needs. This is particularly convenient for a start-up company that needs a local serviced office space and want to avoid long term leases that could damage the business. If you are unsure of the future location of your business, serviced office space gives you the option to change location in the future. With a new company, you may be unsure of the prospects or optimal location, this modern way of working provides a flexible solution that ensures your business has room to grow and thrive.
Who uses serviced offices?
Serviced offices are a valuable asset for a variety of business owners. If you are looking to expand into a new area or country and want to test the waters, serviced offices provide a short term solution, allowing a trial period before being tied into something long term. These are also ideal for expanding businesses that require some short term rental space to house employees who can’t fit in their original office space. Many different types of companies are suited to serviced offices.
Start-ups & entrepreneurs
Serviced offices can be hugely beneficial for start-ups, freelancers and entrepreneurs. You can find affordable office space, without being tied down to any long-term contracts. Serviced offices also give you the opportunity to meet other start-ups or freelancers.
Companies expanding into new markets
If you’re trying to expand into new areas, then serviced offices can be a huge advantage. For example, if you are based down south and are looking to expand your business further across the country, then a serviced office is a fantastic temporary solution for a few months. Short-term rental options are really the only option if you are trying to break into a new region.
Is your business rapidly growing? Then you will want to invest in serviced offices over renting an office space. If you are tied into a contract and are rapidly growing, then chances are you will all end up on top of each other as there simply won’t be enough space for expansion. They are also a great solution for an interim period whilst you are on the hunt for a larger office space to settle into.
Teams who need a workspace for only a short period in a specific location will benefit from serviced offices. If you are working on a project for only a short duration, and don’t want to be working from home, then coworking spaces and serviced offices are a great solution.
Benefits of serviced offices – the last word!
We hope you’ve enjoyed our blog on what is a serviced office and the benefits of serviced offices. Serviced offices are a convenient alternative to a traditional office space. This way of working is becoming increasingly popular and for good reason. We hope that this blog has given you some food for thought if you are a business owner or run a company. These facilities are really beneficial to the modern workforce, allowing a company to save money and resources. As your business grows and expands, or if you have the need to downsize, you can change your serviced office space accordingly.
Benefits of serviced offices include flexible leases, access to facilities needed to run a business, plus a cost-effective solution to office space.
We also discussed the types of businesses that can benefit from serviced offices and these are:
- Start-ups, freelancers and entrepreneurs
- Companies expanding into new markets
- Growing businesses
- Project-based teams
Kents Hill Park is offering local serviced office space in Milton Keynes. This option is perfect for the modern, flexible workforce. If you’re looking for a semi-permanent solution, office space by the month, week, day or even hour on an ad hoc basis, we have 70 spaces to choose. These offices vary in size so you can find something that’s efficient for your budget.
If you are a start-up company and want somewhere comfortable and spacious with modern technology, our offices can help you maximise your business prospects. Our venue is in the perfect location, right in the centre of Milton Keynes to allow easy access for employees. All of our spaces come complete with a kettle, fridge and goody bag to keep you motivated and focused throughout the day. If you have additional requirements, don’t hesitate to speak to a member of our team today.