Serviced Offices Explained
You may have heard the term ‘serviced offices’ before, but do you know what it means?
Serviced offices are a great way for new businesses or SME’s in South Wales to establish their base, usually at a strong business address, and provide them with the flexibility they require to develop their business.
Serviced offices are usually provided furnished (desks, chairs, filing cabinets and phones) and is offered on flexible licence terms for as little as a month at a fixed, all inclusive fee. Exactly what’s included in the rent can vary but usually includes rent, business rates, utilities, service charge, building insurance, telephone line & internet connection and a telephone answering service.
For some companies, the telephone answering service can save you thousands of pounds each year on staff costs! Additional services such as meeting room hire and secretarial services are usually available at additional cost.
The key advantages to serviced offices compared to traditional lease accommodation are set up costs, flexibility (in terms of length of commitment and amount of space required) and the speed in which occupation can be gained – sometimes within a matter of hours! Serviced offices usually suit start up companies, regional sales advisors, small professional firms or companies with substantial unpredictable growth.
There are at least five serviced office centres in Newport, South Wales and the surrounding area. Each has a slightly different pricing policy with varying items included in the rent. Each have their advantages and disadvantages, depending on what type of business is looking at them.
M4 Property Consultants work the majority of the local serviced offices providers throughout South Wales and are therefore able to compare each offering, depending on the individual needs of the occupier. We also know which operator is offering the most competitive deals at any given time.