by Serviced offices and coworking spaces are suited to different needs. The serviced offices are ideal for businesses looking to reduce their overheads and expenses by balancing flexibility with stability. The working space is rented out by the hour or month rather than a traditional lease. This allows them to reduce the costs immediately if the company experiences a reduction in employees.
Features of a serviced office space
The key features of the serviced offices include significant cost savings with a feat of related services. The facilities provided are break-out areas, meeting rooms, video conferencing system, cafeteria, and related facilities, along with the benefits of a help-desk/reception that is often included in the expenditure.
Reasons to upgrade to a serviced office area.
Sometimes your firm may need additional space on short notice. Serviced offices very well accommodate such overflows and help you accommodate the additional people without being forced to expand suddenly. There may be times when you are moving from one big facility to another. The new facility may take time to build up, and you need an interim space for your activities to accommodate the increased pressure or number of employees. Since there is no fixed physical office space for the new start-ups, they might also use such spaces when starting the business as they might not have the capital to invest in a permanent office space or rent every year.