7 ways a serviced office can save you money

At first glance, renting a serviced office may seem like a pricey option for your business. However, when you take into account all of the perks vs renting or buying an entire building you may find that opting for a serviced office can actually save you money! We have compiled a list of all of the ways that a managed office can save you money.

1. Fees

If you are looking to rent office space of your own or even buy premises for your business then you will need to factor in agent fees for the transaction. This can be a big outlay for a business before rent or mortgage payments have even begun.

Opting for a serviced office saves on agent’s fees and makes for a much quicker signup process with less risk.

2. Flexibility

Most businesses go through stages of growth at some point meaning flexibility is key when it comes to office space. With serviced offices, it is usually fairly straightforward to add extra space to your lease for a period of time. Equally, if you have privately rented office space and your business needs to cut down on staff, it may be costly to keep a large office running. With managed offices, you are only paying for the space you need and use which helps keep your overheads in check.

3. Space

When renting office space privately more space is needed due to a lack of communal areas. You will need to consider bathrooms and kitchen areas as well as meeting rooms and break rooms within your office in order for your business to run smoothly and for your staff to be happy and comfortable.

If you choose to go with a serviced office you can focus only on the desk spaces needed, your communal areas will all be included in the price. You can even rent just a single desk within a communal co-working space if this suits your needs. These are much more affordable options when compared with renting an entire building.

4. Networking

Having a private office can mean that you are more isolated when it comes to networking. If you want to socialise with other like-minded businesses or reach out to potential clients face to face, you will need to either host a networking event at a cost to your business, or you will need to book in and travel to a networking event locally. Both of these options are at a cost to you and also mean taking time out of your busy schedule.

The benefit of renting office space within a larger serviced office building is that you will automatically be working in a space surrounded by businesses with similar goals, there may also be networking events hosted within the building that you can get involved in for free. These opportunities and connections are extremely valuable for growing businesses.

5. Rates

In such a turbulent economy, having fixed rates for your office space is a huge bonus. This includes necessities such as internet, phone lines and energy bills. Many serviced office buildings offer fixed prices and they are often able to secure better rates due to their size.

For a business of any size, sharp increases in rates can have a large impact and also create a lot of stress and uncertainty. This is an issue that you won’t need to worry about when signing up for a managed office, and even if the rent prices for your serviced office do increase you will be given sufficient notice.

6. Staff

Having a receptionist to greet visitors and potential clients is a luxury that many businesses would not be able to afford if they were renting a private office space. This is a perk that many serviced office buildings provide and helps with deliveries, post and helping people find you within the building.

Security for your business is a major concern when renting privately. You will need to ensure that you have CCTV camera systems, gates and alarms in place in order to relax when away from the office. All of these systems cost money and need regular maintenance. Again, when it comes to leasing an office within a serviced building, security is already set up and running. There is also the added benefit of more people on site to keep an eye on things.

7. Maintenance

First impressions count when presenting your business to the outside world. The upkeep of the grounds surrounding your office and the outside of your building are often just as important as what is inside. The beauty of being part of a managed office block is that you can rely on staff members such as facility managers to maintain the grounds and car parks etc. saving you time and money.

Another benefit of having a facilities manager or building manager is having someone to turn to if any repairs need doing within your office space. For example, if you have a leak or if there is a paint touch up that needs doing, this can all be taken care of for you.

Having a cleaner is another money-saving bonus that comes with leasing a serviced office, keeping your office space clean and tidy at no extra cost.

How we can help

Whether you need a small office space for your start-up business or a large HQ style office space, at Watermoor Point we have a solution to suit your needs. Get in touch to book a tour today.