Choosing your business premises is an important decision. After all, an office can have a huge impact on the day-to-day running of your business, from providing collaborative work spaces that boost employee productivity, to providing the right image to clients.
As such, if you are looking into serviced offices, here are five things to consider.
- Contract Length
While renting an office typically involves a standard length of contract, usually around one-year, serviced spaces often offer more flexibility. You may be able to choose anything from a few months to years, helping you find premises that suit the needs of your business.
- Monthly Price
If you choose to rent business premises, bills and any additional facilities must be paid on top. These amounts can vary depending on utility usage, which can make it difficult when forecasting finances.
However, a serviced office is paid via an invoice including rent, services and charges. This does mean that serviced premises can carry a premium, however, they are worth considering, as monthly costs are fixed for the length of the contract, which could help with budgeting.
- Services on Offer
For any company, good infrastructure is essential. This is one of the reasons many business owners consider serviced premises, as a range of facilities are included in the monthly fee. This can include internet and telephone lines, as well as post and reception services. When considering a serviced office, think about the types of infrastructure your business requires.
- Layout and Functionality
An amazing view or a modern layout can be tempting but may not be practical for your company. As such, think about how your business functions daily. For example, if you require access to meeting rooms, private spaces for data protection purposes, an open layout will not work.
When considering a serviced office, ask yourself: What facilities do you need? What layout would work best for the team? And is it accessible.
- Business Growth Plans
Serviced spaces come in a range of sizes, from single one-person offices to entire floors. As such, to find an office that will work for your business, you need to think beyond the here and now and consider future growth plans. This will ensure enough room for growth, preventing the need to relocate or paying for a space that is largely unused.
For businesses of many sizes, a serviced office is a practical option. However, every company is different. Therefore, consider these tips, to find the right premises for your business.
