The credit crunch is effecting the economy in many ways, none more so than within the property market. First time buyers who are unable to produce large deposits can’t get their foot on the ladder, meaning that renting is becoming a more attractive option. If you don’t have a lot of capital and you’re looking for business premises, a serviced office could be the solution which allows your venture to succeed.
What are the benefits of a serviced office?
Serviced offices frequently offer a short lease rental package which allows for flexibility as your business develops. In the current financial climate a serviced office is an ideal solution for new businesses as initial outgoings and risks are minimised.
In addition, serviced offices provide a number of practical benefits for all types of business. A professional office provider will typically offer a fully furnished work space, meaning there’s no need to pay separately for furniture, fittings or even basic staff. The package often includes IT and phone connections, facilities management, administration support, receptionists and a whole lot more.
With a serviced office there are reduced start up costs, instant occupancy and short term leases available too. This means that you can expand or downsize your business as required without hassle and stress. What’s more, there’s no need to worry about mortgage repayments and variable interest rates as fixed monthly payments will help you to budget and plan in advance. Most importantly, serviced offices allow business owners to feel in control over operational costs, meaning they can look ahead and concentrate on the more pressing aspects of running a business.
Security in a time of change.
Renting an office space as opposed to buying it is a realistic way to let your business grow. There’s no need to spend a fortune on the furnishings or deal with a skyrocketing mortgage which is beyond your control. Everyone needs a little security in this time of financial change when the economic forecast is unpredictable. A serviced office can be tailor made to fit your requirements and budget, and you can start work from the day you move in. As the popularity of this business solution grows, more and more people are finding that they don’t have to give up on their business dream. If like many people you don’t have a huge amount of capital, but want to establish a business, a serviced office is one of the most sensible and realistic options available on the market today.