Serviced offices are often
touted as a good way for businesses to get the right office space without
having to rent a whole floor or a whole building. Also called an executive
suite, a serviced office represents a cost effective opportunity for companies
looking for the right place in the right location, but not large enough or
willing enough to pay the full rental price tag of the building in question.
Obviously in many cases this is a simple question of size and practicality. A company not big enough to require a whole floor of a building, shouldn’t rent one. So serviced offices allow companies of this size and nature to get the office service and support they need without paying for unnecessary space.
Obviously in many cases this is a simple question of size and practicality. A company not big enough to require a whole floor of a building, shouldn’t rent one. So serviced offices allow companies of this size and nature to get the office service and support they need without paying for unnecessary space.
In actuality, it can be the
case that serviced offices’ rent doesn’t accurately reflect the market value of
the property – its location, its floor space and the kinds of services provided
by the landlord – for instance, the age and speed of the IT hub, if there is
one. Things like fibre optic broadband connection (yea or nay) and proximity to
major transport links all carry a price tag – but the question is, how do you know
the price tag in question is the right one?
At any stage of the game, using
a broker can be a good way to find the best prices around. There are caveats of
course, just as there are with any brokerage service. Find a price that sounds
too good to be true and it probably is. If a broker sources rent so low you
can’t believe it, do some digging around to find out why.
Because of course brokers need
to be shopped around for as well. In order to trust your broker, you should
either allow yourself the time to dip your feet in the water of a few locations
and a few different price ranges it can offer; or accept recommendations from
others whose opinion and experience you trust.
Brokers can either find you serviced
offices from the outset, taking
control of the whole search procedure – or they can help you negotiate the best
price for a property you have already discovered. So if you are in the position
of having found the perfect location but balking slightly at the price, it
might be a good time to engage a broker to see if there’s any wiggle room on
the final figure.
Brokers have connections and
industry trust, which means they are in a position to argue on your behalf from
the kind of informed standpoint you can’t reach. In many cases this can
translate to your receiving serviced offices at a better price than you could
have bargained for yourself.
The size of your serviced
office requirement obviously dictates the size of the office you end up in. A
very small company may only require a single room or pair of rooms within a
centrally located building. While a larger company might want as much as a
whole floor.
Serviced offices are often
touted as a good way for businesses to get the right office space without
having to rent a whole floor or a whole building.
