We recently discovered this great peice from Connor Todd at Free Office Finder, and decided to share it here! There's a huge list of reasons that you might join a coworking space, or other type of 'serviced office space' as they put, see Connor's list below!
How Serviced Offices Can Save Businesses Money
As the world of work changes, so too must the world of workplaces. Serviced offices are fulfilling the needs of new types of workers all over the world. Often with a choice of coworking spaces, dedicated desk spaces, meeting rooms or serviced private offices, serviced offices cater for everyone from freelancers to big businesses.
Not only do serviced offices have the capability to facilitate all different kinds of businesses, they can often be catalysts for their growth. Coworking has been the answer for freelancers, solopreneurs, digital nomads and remote workers alike, offering them the opportunity to work in impressive spaces and network with like-minded go-getters. Equally, serviced private offices have given businesses the opportunity to find impressive office space with flexibility previously unavailable to them. Instead of long term leases businesses can pay monthly contracts for offices, allowing them the possibility to grow and develop. On top of that, this often takes place in well designed, modern, exciting and vibrant workspaces.
Urban Office is something like living proof of all this, with options for all kinds of outfits to make an impressive space their home and take advantage of the vibrant atmosphere in incredible surroundings. However, given this, people often assume that serviced offices must be the expensive option, but fortunately FreeOfficeFinder took a look at some of the ways that serviced offices are actually the cheaper option for businesses.
- Pay for the Office, Not the Facilities
As opposed to renting a leased office, you only pay for the space you really need in a Serviced Office. Facilities like toilets, kitchens, meeting rooms and break rooms are communal, managed facilities. The Serviced Office provider takes care of these, so that you only have to pay for the desk space/office that you use. This can provide a large saving for businesses, who would otherwise have to pay rent on the whole internal area.
- Already Fitted Out
When renting a Serviced Office, you won’t have to worry about chairs, desks, drawers or filing cabinets. In addition, the space will be decorated and can be configured on request. When you rent a leased office, you will need to purchase furniture as the space is typically an empty shell. Fitting an office out can also prove very expensive as build work isn’t cheap, so there is a lot of time and effort, in addition to cost, saved in the process.
- Fixed Business Rates and Utility Bills
When renting a leased office, you will normally have to pay Business rates and a number of utility bills for the running of the office. Business rates are a property tax which can change depending on the valuation of the property. Utility bills can increase as well. So, if you rent a leased office, your business and utility rates may rise, meaning another additional cost that you may not have prepared for. Serviced Offices, however, come with fixed Business rates and utility bills. During the fixed period of rental in a Serviced Office, you won't be subject to any increases, as the Serviced Office absorbs these costs.
- Flexible Space
Any company that wants to expand takes a risk renting leased office space. They cannot be certain that their company will definitely grow into the space, nor can they be definite they won't outgrow it. Either way, by taking a larger space to grow into, they will be paying for it (and for a long time, as you are usually bound to a 3 to 10 year contract). Renting a Serviced Office normally rids you of this worry. Rent the exact size you need initially and the provider will typically allow you to jump to larger spaces in the building as and when your company grows.
- Cheaper Call Costs
Once expensive additional costs in Serviced Offices, telephone calls are no longer a financial worry, and have in fact gone the opposite way. Lots of Serviced Offices now provide very low cost calls, and some even include the cost of calls in the monthly license agreement.
Although not strictly speaking a money saving point, the opportunities to network in Serviced Office spaces can provide an extra source of income and help your company’s growth. Serviced Offices are packed with a number of small to medium sized growing businesses and the networking possibilities are endless.