Business News

Serviced Office Space: The Benefits of Having Several Rental Options

Opting to use a serviced office space has numerous advantages, many businesses are choosing to use this option and it is easy to see why. Unlike leasing traditional offices, you aren’t stuck with a long-term contract, you can rent a space for a short period and move along once you’ve finished with the premises. It is a worthy short-term investment that is affordable for all kinds of businesses.

Traditional & Serviced Office Lease Options

Most companies who make use of serviced offices lease them on a short-term basis, but many use them for long-term ventures. One of the main reasons why they are so popular is because of their flexibility, if you rent a conventional office space, you usually have to sign a long-term lease, that could range from 3 – 6 years depending on the company you deal with. This has several disadvantages, here are just a few.

  • A start-up seeking to establish itself in a new market might not make it past 2 years, if they’re very unlucky, their business could close within the first year of trading. So, having a long-term contract creates several problems.
  • If you’ve built a business in one area, and you are hoping to expand your enterprise and test the waters in a different region, traditionally you only had one option. That was to find premises which you could run for at least 3 years, you would be hard pressed to find any landlord willing to give you a 6-month contract.
  • Signing a long-term contract means you are stuck in that area until your lease runs out, so if you’ve rented a large office block, and you’ve experienced a rapid dip in the market, causing you to let go of several employees, you can’t downsize to a more affordable unit. You’re basically stuck there paying for unused space, with no freedom to move on.

Advantages of Serviced Offices

One of the most beneficial factors when using a serviced office is lease options, they won’t tie you down to a long-term contract, meaning you are free to move if your business expands or contracts. Serviced office space allows you to rent for a short period and set up a new business in a new city, you can test the market and see whether it is feasible to move their long-term. So, if your company is based in Dublin, you could contact hubsquared in Liverpool and inquire about their rental options. Companies such as hubsquared don’t insist on clients signing a long-term rental agreement, you have access to their facilities on a pay as you go basis. You can pay at the end of the month and leave the premises whenever you desire.

There are several advantages to using a serviced office space, one of the main benefits is rental options, having flexible landlords means you can come and go as you please. You’re not tied down to a long-term lease agreement which encourages you to expand and develop your company further afield. The rent is affordable, plus you don’t have to purchase any pricey office furniture.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

To Top