When researching the pros and cons of moving into a serviced office you will naturally compare it to leasing a standard office. It is tempting to simply base your decision on the upfront costs involved instead of looking long term.
With a serviced office there are no hidden costs but there are a number of hidden values. When added up these make the higher surface costs more worth the investment. Read on to discover why serviced offices are less expensive than leased office spaces in the long run.
Do serviced offices cost more than leased offices?
When you compare a serviced office directly with a leased space then you can come to the conclusion they are more expensive. However, what a literal price comparison doesn’t take into account is the value you receive for the price you pay.
A serviced office provides a whole multitude of additional services within a package that you will not get by leasing an office space. Where you may initially save money on rent, your overall business expenditure will soon increase when you include all of the necessary add-ons required to make your business operate efficiently.
What else do you have to pay for with a leased office?
Looking solely at rental prices, leasing a standard office seems like the most sensible thing to do. However, the cost involved to rent a serviced office doesn’t solely include charges for the space and location. The package will also feature access to a number of key facilities and amenities within the building.
This could be anything from office furniture, telephones, internet, air conditioning, maintenance, water, electricity, security, regular cleaning and much more. A serviced office is effectively a readymade space that allows you to start operating the moment you move in.
Not only do you not have to spend extra money on designing and decorating your office, but all of the basic office equipment you need is already there. In some cases serviced officer operators can even provide computer equipment if required.
What are the cost related benefits of a serviced office?
- Cost efficiency
You can use a serviced office for as little as 3 months in some cases. There is no need to spend money on furniture, internet, telephones and more. You can be up and running as soon as you sit down at your desk.
- Prime location
Serviced offices are typically situated in great central locations which adds prestige to your company and makes it easy to travel to meet clients and for them to come and visit you.
- No extra costs
When you take out a lease on a standard office you will have the extra cost of paying for utility bills, taxes, internet and phone line costs – all of this is included within your serviced office contract.
When you are starting up a small business, budgets are extremely tight. That means you can’t own everything you need right away. A serviced office allows you to pay for additional services as and when you need them so you can manage you budgets as you grow.