About serviced offices

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About serviced offices

The fastest growing and most exhilarating segment of the European property market are the serviced offices. Over the past several years there has been an explosion in the growth rate of the serviced office market.

Serviced Offices are completely fitted and furnished, and therefore, ready for instant occupation, which makes for a comprehensive solution. Many services include reception, telephone answering, secretarial support, meeting facilities, video conferencing and high-speed internet access. The building operator is responsible for maintaining the services of the building.

The rent for these serviced offices include almost all of the costs that you would normally incur in addition to the rent you would pay for traditional office space. Thus, no further costs are incurred for such necessities as electric and gas power, security, cleaning, insurance and overall maintenance. In addition to the rent, the only costs are telephone and internet usage.

Another advantage is that these offices are fully furnished, and usually include the most up-to-date workstations, chairs, filing systems and tables for the conference rooms. The offices are normally outfitted with Category 5 wiring necessary for computer networking. These items are normally a significant cost, especially for the individual or small business.

However, employers may elect to use a traditional office due to the length of the lease. A traditional office lease is usually associated with a longer lease such as 10 to 15 years. It also may allow the office the flexibility of shrinking or expanding as the business warrants. Whereas, with a serviced office, a lease may be as short as three months, or more normally a nine or 12 month lease.
 

 

 


 


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