Those who require an office to conduct day-to-day operations have several choices at their disposal. This is why it is a good idea to appreciate the main differences between serviced, managed and conventional rental options.
Conventional offices are leased out at a specific price per square foot or metre. A contract is required and additional expenses are often required. Variables such as IT services, communications equipment and furniture will need to be taken into account when planning your budget. However, we should mention that leases and rental prices may be somewhat flexible (depending upon the landlord or owner in question).
Often referred to as “ready-made” offices, serviced properties come equipped with all necessary amenities such as furniture, computers and the relevant IT infrastructure. Contracts tend to be rather flexible and they can be written to cover requirements that may last for months or even years. As there are few ancillary up-front costs associated with a serviced office, this is often a wise choice for companies on a tight budget.
Managed offices can be considered a blend of the two previous options. Although they offer a significant amount of logistical flexibility, the leasehold contracts are not nearly as complicated. Furthermore, many managed offices can provide bespoke services based around the needs of the organisation (such as a certain number of desks or in-house VoIP solutions). These locations are frequently utilised by small- to medium-sized businesses that are looking to increase the scope of their operations while not being hindered by a long-term contract.
As we can see, each of these options is associated with its own set of unique qualities. This is why it is best to perform additional research in order to appreciate which one might represent the most logical solution for your needs.