In the current economic climate, the benefits of sharing an office with other firms, and the flexibility this arrangement offers, is not to be ignored, and it seems that Britain's businesses are picking up on this. A relatively new concept in the UK, business centres have been an intrinsic part of the fabric of American industry for over 30 years, and are now steadily achieving the same level of acceptance over here. Below, we take a look at the reasons why.
Benefits of Serviced Offices
Total occupancy solutions, like those offered by Landmark PLC, possess a considerable appeal for many smaller firms, providing them with fully equipped offices, hot desks and meeting rooms, as well as a wide range of secretarial and support services. With no requirement to spend capital on buying or leasing office equipment and furniture, they are an attractive and economical option for obtaining a well-equipped workspace in city centres and key business districts around the country.
With no need to invest capital and effort in furnishing the office, vital time and resources can instead be diverted to core business functions, while reducing the financial risk of obtaining office space to the minimum rental period, which is usually limited to just three months' rent.
There are around 900 of these business centres located around the UK, which means that they're available in most towns and cities. Ranging from small, owner-operated centres to large chains managed by international business and property groups, they offer flexibility when it comes to both location and the sort of office environment you want to be working in. Irrespective of the dcor, location, space or price you're looking for, there is a business centre solution to match every enterprise.
A Financially Sound Decision
One of the main reasons that companies turn to serviced offices is financial; they make an economically-sound investment. However, the cost of hiring space at business centres varies markedly, on the grounds of location, size, quality and dcor.
One thing that is guaranteed, however, is that the price you're quoted is the price you will pay. Costs are remarkably transparent, and are inclusive of building, heating, lighting, reception, security, maintenance, redecoration, refurbishment and cleaning charges, meaning that you won't face any unpleasant hidden costs.
A number of major surveys have been conducted on the cost benefit of serviced offices in recent years, and the cost comparisons they have drawn have been favourable. According to statistics from the Chartered Institute of Purchasing and Supply, companies who locate their premises in serviced offices spend around 50 per cent less, per annum, than those with a more traditional setup.
For those looking to make a sound financial investment, perhaps it's time to consider whether a serviced office could benefit you and your business too.
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