In order for a business to grow to its full potential, it needs not only the necessary capital but the right commercial premises from which to operate. Traditional office leases used to be the preferred choice, but in the current climate this isn’t always the best solution—suitable funds could be difficult to come by and it can be tough for fledgling businesses to get their foot in the door, and the opportunity to expand will often be limited. That’s why serviced offices could be the ideal solution.
The rise of serviced offices
The serviced office industry is booming, and it’s proving to be the perfect way for a business to not only get started but to move forwards in its operations. The flexibility is the key motivator, making it particularly desirable for smaller companies and start-ups—they’re not tied into long-term leases and in many cases can increase the amount of office space they need as their business develops, being a great option for those with big ambitions.
And it’s a growing trend across the country. The demand for serviced offices in Birmingham, for example, has risen by a fifth whilst in Sheffield new placements for the first quarter of 2013 are up 50% on last year, and Edinburgh is enjoying 25% more serviced office tenants too. According to research the rise of the sector is largely being driven by companies with 2 or 3 personnel, giving them a cost-effective and convenient way to get their business moving.
The solution to government legislation
Serviced offices could even be the solution to government legislation regarding commercial properties in London—a lot of traditional office buildings are being converted into housing developments, and that means it’s much harder for businesses, particularly start-ups, to get a foothold in key commercial districts. But, serviced properties are unaffected by such plans and that means they’ve been touted as the key to recovery, with serviced office space in London being a great way to get established in a prime City location.
This kind of arrangement can give fledgling companies the prestigious address they need to make the right impression, all the while getting an office that can provide the amenities and facilities necessary to ensure daily operations can run as smoothly as possible. It’s a simple, convenient and highly cost-effective solution to a business’ premises requirements, and it can all add up to meaning a company’s far more likely to grow to their full potential—the flexible nature of the contract, the prestigious postcode, the convenience and budget-friendly arrangement can combine to ensure a business owner has nothing else to worry about but making a profit, and with such an effective environment in which to work employees will be motivated too.
Do you want to see if a serviced office can give your company the boost it needs to move forwards? Then make sure to get in touch with us here at Abacus Real Estate, and we’ll be on-hand to help you find the solution to suit.