Serviced Offices Blog


Top 5 Ways to Save Money with Serviced Offices

Posted by admin on September 24, 2013 at 9:10 am. Filed under: serviced offices

Serviced offices are extremely popular because they can help businesses of all sizes to save money. Originally they held many advantages that suited mainly small businesses, but now larger organisations have also started to realise that they can cut costs by moving to a serviced office. Here are the top five ways in which a serviced office could benefit your business.

1. One Upfront Cost
One of the biggest advantages that businesses have found is that they only have to pay one single upfront cost each month which then encompasses everything they need. So, while a traditional lease would have a separate charge for rent, rates, maintenance, utilities, telecoms, security and cleaning, a serviced office includes all of these in one sole charge. What’s more, you’ll usually have office furniture included too! This not only saves you money, particularly when looking at London office space, where extra charges could be astronomical, but it also saves you the hassle of having to organise all of these services yourself too.

2. Shorter Lease
If you’re setting up in a new location or with a new business, it can be hard to know how successful you might be, so signing a five or even ten-year lease with a landlord can be extremely scary and can leave you still paying long after you’ve shut up shop and moved on. If you want to try out Liverpool offices without risking everything, however, then you should look at a serviced office – leases are significantly shorter and you usually have the flexibility to increase or decrease space as you need to.

3. Extra Rooms When You Need Them
You may find that your day-to-day business needs only require a small amount of office space, but that on occasion you need to welcome clients or colleagues from another branch and need some extra space. Most business centres have meeting rooms which can be hired on a daily, or even hourly, basis, so you won’t have to pay for extra space on a permanent basis but which is mostly left unused – you can just add on what you need, when you need it.

4. Additional Services
If you had to employ a receptionist, cleaner or security guard for the year, you’d probably end up shelling out quite a lot in labour costs. Yet these services are all essential for keeping your business secure and professional looking. Most business centres include cleaning and security as part of the package, and you can often also engage the services of a receptionist based in the property who can welcome your visitors and take phone calls as if she were working directly for you.

5. Better Location
It would be very expensive to take out a traditional lease in a smart area of London, but a serviced office gives you that great location in a swish building at a fraction of the cost. Having a good location will also probably earn you more money as your clients will be able to get to you more easily.

 

Help Your New Business Get Off to a Good Start

Posted by admin on September 20, 2013 at 8:11 am. Filed under: office space

Starting a new business can be an exciting if scary time. The current economic climate doesn’t fill many people with much hope, and yet there are more people starting up new businesses than ever before. When starting a new business, it is important to do things correctly, as mistakes could affect how successful you are.

One of the ways in which you can start as you mean to go on is by taking out a serviced office rental for your business premises. Managing your cash flow is extremely important when you first start out, and it is likely that you will have a significant number of other things to pay for. Yet without business premises, you may not have anywhere to manage your business from or to meet clients at. Traditional leases may ask for a hefty deposit and a couple of months’ rent upfront, which you may find that you simply can’t afford. You’ll also have to source furniture and shop around to find suppliers for your electricity, gas and telecommunications. You’ll have to employ the services of a cleaner if you want your new premises to stay looking smart and professional, and you may want to consider installing CCTV or hiring a security guard to make sure that your hard-earned investment remains secure.

Don’t worry if that sounds like a lot to organise and a lot of cheques to start writing – it doesn’t have to be that way! If you take out a serviced office, you’ll have just one price to pay for all of these things, including your furniture and furnishings, maintenance and all the utility bills. This means that you won’t have to put aside a huge wodge of cash to pay for your first office – just pay your monthly bill to the business centre instead. Having a single charge to pay also makes it much easier for a new business to budget their expenditure and manage their cash flow.

Another advantage new business owners find when it comes to serviced offices is that they don’t have to sign up for a lengthy office lease that they may potentially be unable to fulfil if things don’t work out or their business needs change. With a serviced office, you’ll not only get a much shorter lease but there is also the flexibility to increase or decrease the amount of space you rent as your business expands or contracts. This means that you don’t have to take on a large office in anticipation that your business will grow, but find that it never does and you’re paying for more space than you need. Nor will you find yourself trying to squeeze more and more people into a shoebox because you’re trapped in a lease for a small office for the next five years.

So, if you’re looking for offices to let Manchester or office space Edinburgh, use our Office Finder to find a serviced office that meets your needs. We have over 4,000 serviced office listings worldwide, with over 1,000 just in the UK and 300 in London alone.

 

Expanding Your Business with Serviced Offices

Posted by admin on September 15, 2013 at 3:26 pm. Filed under: serviced offices

Think back to when you first set up your business and all the questions that you had to ask yourself when it came to choosing an office. Where would the best location be? How much space might you need? Will you be likely to expand? Will you be successful? All of these same questions apply when it comes to expanding your business too.

Your business may expand in two different ways. Firstly, you might want to increase operations in your current location because you are doing so well. This could include taking on additional staff and so needing a bigger office space to accommodate them all. Alternatively, you might be thinking of opening up a new branch of your business in another location, which is when the above questions need to be answered. Here are some of the ways in which serviced offices can help you achieve either of these expansion methods.

Larger Business Premises

Serviced offices are ideally suited to businesses which start small and want to grow. When you first start up, you might not have the funds to pay for a large office in the hope that business will soon be booming and you’ll have staff beavering away in every corner. And why should you have to pay out for space that you don’t currently need when that money could be invested elsewhere in the business?

Rather than having to shell out for additional new Liverpool office space, for example, or having to wait out your lengthy lease on your current premises before you can move, going with serviced offices Liverpool means you’ll have a flexible lease which you can expand within the business centre to take on more square footage as and when you need it.

Premises in a New Location

Deciding to start again in a new location can be a gamble, but can be one worth the risk. Choosing a serviced office for your new branch has multiple advantages. In the same way as with your original premises, you’ll have the flexibility on your lease to expand if things go well, and you’ll also be able to benefit from a shorter lease in case they don’t.

If you’ve established that there is a gap or a need in the current location in your market, then you’ll no doubt want to get going straightaway, and especially before any competitors get there. You’ll be able to move into a serviced office immediately, with furniture and fittings already in place and utilities set up so you really could start trading the very same day if you wanted to.

You’ll also have the essential staff already on site to help you get started if you’ve not managed to recruit other employees just yet. A full-time receptionist to field your calls, take messages and greet visitors on behalf of your company will be a huge benefit, as will cleaning and security personnel.

Here at Abacus Real Estate, you’ll find a huge selection of serviced offices from all around the world, so use our Office Finder to find yours today.

 

Getting Your First Business Premises

Posted by admin on September 9, 2013 at 3:03 pm. Filed under: business centres

Many small businesses start life based at the kitchen table or from the box room. Working at home has its advantages – saved costs and no commute to name a couple – but it can also have major drawbacks. It can be hard to stay motivated when there are household distractions, particularly when the children come home or the phone’s ringing off the hook with personal calls. If you need to meet clients, your living room doesn’t scream ‘professional businessperson’ either, so you may even be holding yourself back by not finding your own business premises.

Yet signing the lease for your own office space to rent can be scary. At least if you have already spent some time running your business from home, you will have had the chance to make some profit which you can put towards the running costs of your new office, as well as establishing how well your business is doing in the current marketplace.

Accommodation and labour are two of the biggest financial drains on a business, yet both are usually necessary to ensure its success and growth. Consequently, you should spend some time to research different locations and think about how much space you might need before you sign up for anything. Remember that an empty property always looks bigger than it would with furniture in, and a crowded office is no good for your staff or your customers’ morale.

Location can be one of the most important factors when it comes to choosing your office space. There’s no point choosing prestigious office space in Victoria if you are targeting clients on lower incomes, and likewise city centre Birmingham office space may cause problems if your staff and your clients are all coming by car and would prefer free car parking and less traffic jams over access to public transport. Location will also usually affect costs, so consider what your most important priority is and then go with that.

Expansion has to be a consideration for any and every business. Already if you’re moving from your kitchen to your first office you have been able to expand, so you need to consider if that growth is likely to continue. Serviced offices offer short-term leases and a great amount of flexibility, which make them ideal for first business premises. You won’t have to commit yourself to too much, but at the same time you’ll have the opportunity to allow your office to grow as your business does.

For your first office, you also most probably won’t have any furniture to put into it. Rather than spending all the profit you’ve made so far on some smart-looking desks and office chairs, with a serviced office you’ll have a fully furnished workspace which you can move straight into, so you won’t have an unnecessarily large initial payout to contend with.

Serviced offices make a great option for first business premises, although many established businesses are also choosing them because they are much more suited to the current economic climate.

 

Services offices explained

Posted by admin on August 9, 2013 at 9:45 am. Filed under: serviced offices

More and more firms are using serviced offices and it’s not hard to see why. There are lots of advantages associated with these working spaces and firms of all sizes and in a variety of industries can benefit from them.

Thankfully, it’s also easy for bosses to find serviced working spaces and if you’re on the hunt for offices like this, you’ve come to the right place. Just take a look around our website to see what’s available.

What are they?

Serviced offices are usually found in business centres and they range in size. One of the things that sets them apart from conventional offices is the fact that a range of services are included in the rent.

Also, these working environments are often available on short-term, flexible leases.

A total solution

One of the major benefits associated with these offices is the fact that they are a complete solution because they are fully fitted and furnished. This means that when you move into a working space like this, you can hit the ground running. You won’t have to worry about ordering in furniture and equipment, getting your systems organised and so on.

Also, the working spaces tend to come with reception and telephone answering services, secretarial support, conference and meeting facilities and high-speed internet access.

Costs

When you see the rental costs of serviced offices, you may initially be put off. After all, they can be higher than traditional office fees. However, it’s important to bear in mind that the rent you pay includes nearly all the costs you would normally expect to cover on top of the rent you hand over in conventional offices.

There are no additional costs for business rates, heating, air conditioning, lighting, power, security, cleaning, building maintenance, insurance and so on. The only additional costs are for telephone and internet usage – and it’s worth bearing in mind that these are normally charged at standard or even discounted rates. Having more fixed costs like this can give you greater peace of mind and it makes long-term financial planning much easier.

Flexibility

It can be impossible to predict fluctuations in demand for your products or services, and so it’s risky making long-term office commitments. The great thing about serviced offices is you don’t have to. Leases can be as short as three months, and typically they last for six, nine or 12 months.

This contrasts sharply with traditional leases and it can give you much greater flexibility to shrink or expand as required. Knowing you’re not tied into lengthy leases can be a big relief, especially given the turbulent economic conditions affecting the UK and many other countries at present.

Take your pick

If you’re keen to check out the serviced offices available in your desired location, just take a look around our website. Whether you’re after Edinburgh office space, Liverpool office space or anything else, you shouldn’t struggle to find it.

Of course, before you commit to any particular agreement, make sure it ticks each and every one of your boxes.

 

Comfort is key

Posted by admin on August 2, 2013 at 9:44 am. Filed under: office space

What to look for in an office It’s hard to overestimate the importance of offices in terms of company performances. Having the right working space is crucial and without this, firms struggle to function effectively. The good news is, if your organisation is on the lookout for new office space to rent, you won’t be stuck for choice. There are plenty of options out there and the quickest and easiest way to find new premises is by looking online.

Engage with your staff

For the best results, it may be a good idea to engage with your personnel and find out exactly what it is they want from their working environments. This collaborative approach can help ensure that everyone’s on board with your decision and, in the long term, it could boost productivity among your staff members, which is great news for your bottom line. One of the key points personnel are likely to bring up is comfort. These days, many workers spend long hours at their desks and so it’s really important that they feel comfortable. Morale can quickly dip among employees if they don’t benefit from good seating, the right level of heating, effective lighting and so on, meaning productivity will fall. Also, over the long run, uncomfortable offices can compromise the health and wellbeing of workers.

Getting the basics right

Meanwhile, staff members also value basics like adequate kitchen facilities, WiFi and car parking. Having access to these things can help to make people’s everyday lives easier. As a boss, it’s also worthwhile considering the impact of offices on recruitment and retention. To succeed in the cutthroat world of modern business, you need the right personnel and it’s only possible to attract and keep the best workers if you provide a decent office. Location location location As well as considering the interior of your new office, it’s vital to think long and hard about the best location for it. As well as your budget, you’ll need to take convenience into account. For example, are the premises easy for your workers to get to? The length of commutes is a big issue for personnel, as is the availability of public transport. Luckily, there are plenty of options and whether you’re on the hunt for London office space, Birmingham office space or premises elsewhere, you shouldn’t struggle to find it.

Here to help

Here at Abacus Real Estate, we’re well aware of the importance of finding suitable offices and we go out of our way to make this process easy for you. By taking a look around our website, you should be able to find exactly what you’re after in no time. Before you make any final decisions though, make sure you’ve thought through all the various implications of your move and check that your workers are on board with the changes. As long as you do this, you should be able to reap the rewards of your transition – potentially for many years into the future. It really is worth making the effort to find the perfect premises.

 

Serviced office sector set to double in emerging markets

Posted by admin on July 24, 2013 at 11:20 am. Filed under: office space

 

The serviced office sector is booming, but recent figures have indicated that it isn’t only in the UK where this is the case—it’s enjoying a surge of popularity across the globe, with emerging markets in particular showing a steep rise in the number of serviced business centres being available. These figures are expected to continue to be on an upwards trajectory for the foreseeable future, with it even being estimated that the industry as a whole will double over the next 5 years.

The research

The research, conducted by Instant, looked at the number of serviced office centres available in the emerging markets of Latin America, the Middle East, Africa, Asia and Eastern Europe. And there’s been an impressive rate of growth—the number of centres grew by 21% with the opening of another 124 premises over the last 12 months, with figures showing that in the third quarter of 2012 there were 714 centres spaced across 110 cities of the 59 countries analysed. And this level of growth is expected to continue, particularly as The World Bank predicts that India, China, Indonesia, South Korea, Russia and Brazil will account for more than half of the world’s total economic growth by 2025—this rise, and the rise of new companies being founded in such markets, means the number of serviced office centres will need to grow accordingly.

Why serviced office centres?

Start-ups tend to be the main users of serviced arrangements, but it’s also a great choice for more established companies that want to enter one of these emerging markets. It can provide the ideal platform from which to operate and can drastically reduce the number of challenges you’d normally face when entering a new market—it’s a highly flexible solution which can lower the risk associated with starting out in a new sector, and with there being a shortage of quality commercial space in a lot of these countries you’ll find serviced arrangements could be ideal. Then there’s the fact that you won’t need to worry about navigating local business customs to quite the same extent—everything will be arranged for you, and you’ll have the chance to quickly establish a presence in key commercial districts and can have a professional image as soon as you get set up.

Time to get on board

It’s an exciting time to be involved in the sector, and any business that wants to get a head start on making their presence felt in any of these emerging markets would be wise to consider a serviced arrangement. Of course, it’s a highly preferable choice for the UK too, and if you’re looking for a solution that’s a bit closer to home you’re in the right place. We can give you access to high-quality office space across the country—whether you’re looking for serviced offices in Liverpool, Birmingham, Bristol, Leeds office space or anything else we’ll be able to accommodate, so get in touch and you can soon be a part of the trend.

 

Why businesses choose serviced office rental

Posted by admin on July 19, 2013 at 11:00 am. Filed under: serviced offices

Having the right premises from which to operate can be vital to a company’s success, with the combination of a great working environment, prestigious postcode and competitive rates ensuring a business can thrive. But, finding the right property can be easier said than done. These days a lot of businesses (particularly those that are just starting out) may not have the funds to confidently sign a long-term lease, and what about the issues of refurbishment/facilities/opportunity to expand? Flexibility and cost-effectiveness are two key areas of concern, and that’s why managed arrangements are quickly becoming the preferred choice.

The benefits of serviced office rental

•    Flexibility. Traditional leases tend to last for ten years, meaning a company is tied into that one location and will face administration charges should they need to move. Of course, this arrangement is far from ideal—what if circumstances change? If you’re going through a period of growth or temporarily need additional space for subcontractors (for example) you’ll want the flexibility to add more space as necessary, and a managed office can deliver that kind of solution.

•    Value. You might think that managed options will be far more expensive than a traditional lease, but this isn’t always the case. And, when you consider the fact that you’re getting a fully furnished space and that the fixed rate covers every aspect of office management, you’ll soon see that it’s actually a highly cost-effective solution with no need to worry about any unforeseen costs that might normally be associated with running an office.

•    Convenience. Most serviced premises will be ready to move into at a moment’s notice, with these all-inclusive spaces having all the facilities and amenities necessary to get started straight away. You’ll have everything from reception desks to workstations, and the fixed price means you’ll be far better able to manage your finances to offer another level of convenience into the mix.

•    Location. A lot of managed spaces will be in highly prestigious locations with the likes of serviced offices in Mayfair and high-end Manchester offices being readily available, and the right location can make all the difference both in terms of customer impression and ease of access for clients and employees.

Ultimately, having the right commercial premises can transform your company’s prospects. It can make all the difference to the way it functions on a day-to-day basis and can even affect the impression it gives to clients and visitors—if you’ve got a drab, poorly-furnished office space not only will employees be unmotivated but it won’t put your business in a good light, and then there’s the fact that if you’re tied in to a long-term contract you could easily come unstuck should your financial situation change. That’s why managed solutions should be the preferred choice.

The days of traditional office leases are quickly becoming a thing of the past, and with more and more businesses choosing to go down the managed route it’s high time you joined them. So, if you want first-hand experience of why businesses choose serviced office rental make sure to get in touch and you’ll soon be able to reap the rewards of this way of operating.

 

The Advantages of Serviced Offices

Posted by admin on July 9, 2013 at 10:35 am. Filed under: serviced offices

 

Choosing the right office space to rent is an important decision for any business. It is your working environment and can affect your business in all kinds of ways, from whether it attracts and is convenient for customers, whether it makes travelling to and from the premises convenient and whether it inspires you and your staff to work. Critically, it can also affect the success of the business in terms of whether you can afford the lease conditions you have tied yourself into and for the amount of time you’ve signed up for.

Businesses can be very changeable. With the current economic climate, it has been particularly important for organisations to be able to adapt to the new situations they find themselves in. This could include reducing the amount of office space (and employees) they’ve taken on in order to save on outgoings. Being able to make this change could make the difference between a business continuing on through a bad patch and going under completely.

Consequently, more and more businesses are looking at serviced office space to rent instead of traditional office leases. The reason for this is because serviced London office space and serviced offices across the rest of the country offer significantly shorter leases in comparison to traditional leases. This is obviously attractive to businesses of all sizes and in all sectors because it means that they can react and adapt much more quickly than they could have done previously. It’s not necessarily just about decreasing space either – another advantage of serviced offices is that you can take on a small office space and then increase the size of your premises as you increase the size of your business.

When we first started to hear of serviced offices London and the rest of the UK had to offer, they were primarily used by new business start-ups and SMEs as temporary accommodation while they got off the ground and moved to a more permanent space. However, this is no longer the case. Companies of all sizes now take advantage of the great benefits that serviced offices have to offer.

So, what are these benefits? Well, the flexibility of the lease terms is a major advantage. Traditional leases could be around ten years, which is a big commitment for any business, but especially for a small or start-up business. Serviced offices are great for new businesses, for expanding businesses, for businesses who need to open temporary premises in a new location, and for businesses who want to pay one flat rate.

This latter point is another of the main advantages that serviced offices offer. Serviced offices are located in business centres and are generally well kitted out with attractive and modern furnishings. Normally in a great location, you’ll also usually get your utilities, telecommunications, cleaning and security bills included. Many also offer a manned reception desk which will take and transfer your calls for you, plus access to other services. Most organisations find this very good value for money and that they are better able to budget because they know what the costs for premises are going to be every month.

 

Expanding Your Business Around Britain

Posted by admin on July 2, 2013 at 10:35 am. Filed under: serviced offices

If you’re lucky enough to be part of a business that is currently enjoying success, then well done! Expanding your UK or international business around Britain can be a good or bad move depending on the location or locations you choose for your expansion. Just because you have been successful in one area doesn’t meant that this success will continue into another. You know the market well where you are currently operating, and the market is not the same across the entire country. Here are some tips which may help you decide.

Be Cautious

If you want to give yourself a bit of a get out clause when picking your new premises, then go for serviced offices. These have shorter leases than traditional office space and are flexible, allowing you to expand or contract your business as necessary, depending on how well things are going in the new location. You’ll also have an office that’s ready set-up for you to start trading straight away. This saves you laying out large amounts of money upfront on furnishings and fittings, particularly if you’re not sure you’re going to be staying put.

Best Place for Your Service or Product

Generally speaking, the best trading areas are London and the South East, so serviced offices London are often a good idea, no matter what you are offering. When it comes to other areas of the UK, however, do plenty of research into your market. Is there a lot of competition there already and if so, are you offering anything that’s going to stand out? If there isn’t a lot of competition, is there a reason why not? It might be that what you’ve got to offer isn’t particularly in demand in that area. Some cities or areas tend to experience the ‘cluster effect’, where businesses in the same sector seem to flock together, such as financial clusters in London, Leeds, Chester and Edinburgh.

The other cities with high economic activity and the most entrepreneurs are Birmingham, Brighton, Bristol, Nottingham, and Tunbridge Wells.

Good Transport Links

Transport links can be important to every business. If you need to deliver products or receive deliveries, do you have good access to motorways or other main roads? If not, you’ll be wasting a lot of time stuck in traffic. Do you need to receive customers at your premises? If so, then the office will need to be accessible and city centre premises are often preferred. However, if you don’t, then there’s no point in paying for swanky serviced offices Mayfair when you could be based further outside of the city in a place that’s perhaps more convenient for staff and deliveries.

A Good Source of Staff

While a particular area experiencing the ‘cluster effect’ mentioned above may have a lot of competition, there also tends to be a lot of high quality staff available in that area who are specialised and experienced in that field. This can really help a small business or new branch get off the ground, as skilled workers can give the boost needed to make it a success without taking management’s focus away from other areas.

 

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