Flexible vs. Permanent Offices – The Advantages of Both

The location of your company is crucial. Being in the right place ensures you are attractive, both to clients and employees and helps to portray the right image for your business. If you are searching for office space, there are three main options, namely renting, buying permanent office space or leasing a serviced office and each has its own set of advantages.

Benefits of a Serviced Office

Otherwise known as an executive suite, a serviced office can be more cost effective than conventional office rental, particularly in the short term. Serviced offices come fully furnished, therefore eliminating the need to purchase furniture, computers and other office equipment.

Serviced offices are ideal for entrepreneurs and emerging or start-up businesses that need to hit the ground running and some may permit you to move in the same day. They are also suitable for businesses with other evolving requirements such as those that need to relocate, expand or downsize.

A serviced office will come equipped with the necessary equipment to get your business started at short notice, including internet and a telephone connection and there will be other facilities available such as conferencing and meeting facilities.

Your business will also be able to gain access to additional support such as reception, telephone answering and secretarial assistance should those services be required. Many serviced offices are also unbranded, enabling you to display your own company logo and other signage.

Location is also a key factor when searching for office space. Serviced offices are often situated at the heart of the city or in other desirable locations. Serviced offices allow you to select convenient lease terms, enabling you to stay for as little as three months or longer if necessary.

Benefits of permanent office space

Renting or buying permanent office space can work out more cost effective in the long term and will ensure you have space you can call your own. You will also be able to decorate it as you wish and add your company branding and signage. Purchasing an office could also offer additional income if you are able to rent out space yourself. Property is usually a good long-term investment, so you may be able to net a profit when the time comes to sell.

Whether you choose to lease a serviced office or are considering buying or long term rental, there are pros and cons for each.Being able to deliver a permanent solution for businesses of all sizes, particularly when requirements are continually changing is massively important. Serviced offices are also ideal for newly launched businesses and entrepreneurs who may require an office with little notice.

Serviced offices can offer real value for money when costs such as long term leases or mortgages are taken into account, Whatever your business requirements, you will find a wide range of options to suit, whether you are seeking a state-of-the-art office in central London or out of town premises in a period building.