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.

 

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.

 

BMG using exciting new workspace

Posted by admin on August 15, 2013 at 10:18 am. Filed under: commercial property

Firms are continually pushing the boundaries when it comes to office space. Thanks to developments in technology and interior design, as well as shifting working habits, organisations are creating increasingly divergent and interesting spaces.

Of course, if you’re on the lookout for a new base for your organisation, you don’t have to go to the effort of designing it yourself. Instead, you can simply find serviced offices Birmingham or elsewhere that tick all your boxes from the outset. This means all you have to do is move in and start working. Nothing could be easier.

BMG case study

One organisation that’s well aware of the importance of effective office design is BMG. The international group of music companies, which trades under BMG Chrysalis in the UK, the US and Sweden, has transformed a premises in Wigmore Street, London.

Writing on Financial Director, the firm’s Mark Ranyard noted that it needed a new office after BMG bought Chrysalis in February 2011. The building chosen was Grade II listed and it had housed one of the UK’s first department stores.

An exciting and creative workspace

Mr Raynard noted that managers had clear objectives when transforming the working space. About this, he said: “Having found the right space, we needed someone to turn it into something we could use. The brief was to maintain a clear BMG corporate identity, while also making it an exciting creative workspace.”

He also stated: “Our office is more than a space – it has been integral to the company’s development, both reflecting our culture and engaging our people.”

Delivered on every level

Mr Raynard went on to remark: “We decided the process of creating the new office should embody the collaborative new BMG Chrysalis culture we were trying to create.” He added: “In a series of project meetings, we thrashed it all out. I am glad to say that what we ended up with has delivered on every level.”

Open plan and lots of glass

In terms of design, the office is open plan and it features plenty of glass, Mr Raynard pointed out.

Offering extra detail, he commented: “Where individual offices are essential – for example for the artists and repertoire team which scouts and works with artists – we have given people leeway to design their own space, with the only rule being that desks have to be the standard white. Naturally, music is everywhere, playing at the reception and represented in disc form on the ceiling – and there is music memorabilia and decorations.”

At the rear of the office there’s a design-led breakout area with Wi-Fi, a bar, table football and relaxed furniture. Meanwhile, the overall colour scheme is grey and red, which reflects BMG’s corporate livery.

The easy solution

If you’re on the hunt for office space Leeds or elsewhere that’s ready to move into, just take a look around our website. You won’t be disappointed by the level of choice on offer and you should be able to find premises that meet all of your requirements.

 

 

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.

 

Could serviced offices be the key to business growth?

Posted by admin on July 15, 2013 at 10:48 am. Filed under: serviced offices

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.

 

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.

 

Serviced Offices Will Become More Important for London Businesses

Posted by admin on June 20, 2013 at 2:12 pm. Filed under: serviced offices

 

The amount of office space London has available is looking set to decrease as the government are rumoured to be planning to convert a large amount of the capital’s currently available office space to rent into housing without the need for planning permission. Consequently, this means that it will become a lot more difficult for small businesses to find offices to rent.

Until now, developers have had to apply to the council for planning permission in order to convert a property, and the council would then charge a fee to cover improvements to education, healthcare and transport services in the area. The new plans would see a three-year exemption to this rule, which is likely to lead to a lack of available commercial property in the capital.

In times when many businesses are struggling, and at the same time more individuals are turning to starting their own business following redundancy or an ability to find an employed position, having available office space in our capital is crucial. Where a business might find it hard to engage customers elsewhere in the country, there is usually a greater chance of success in London. What’s more, there is greater access to good transport links, which is usually an important concern for businesses and can help save time and money.

Reduced available commercial property will mean that there is more competition for what is around, making it somewhat harder for small businesses to find somewhere to rent. It’s not all doom and gloom, however. Serviced offices London will actually be unaffected by the plans, meaning that they can still be rented by small and large businesses alike.

Serviced offices have long been the preferred choice of small businesses because they provide the ability to have an office in the capital, and even in some of the capital’s most prime locations, without blowing the budget completely out of the water. One of the main benefits of a serviced office is that it gives businesses the ability to control their cash flow more easily because there is just one monthly bill, covering the office and furniture rental plus all associated bills.

With serviced offices, you don’t just get a great location, but also a great office. Modern offices equipped with the technology and equipment you need to run your business successfully also provide a great professional image to your customers when they visit. Just think about it – who would you be more likely to do business with: a businessman stuck in a cold and bare room in a dodgy suburb on the outskirts of London, or the same businessman offering the same service in a plush office space in the heart of Mayfair? And the irony is that they probably cost around the same if the former was rented on a traditional lease.

Another thing businesses love about serviced offices is that they aren’t tied in the same way as they are with a traditional lease, which can be for several years with no get-out clause. With a serviced office, however, the leases are much shorter and more flexible, allowing you to grow or decrease your office space as need be.

 

Serviced Office Rental on the Increase in the UK

Posted by admin on June 15, 2013 at 2:05 pm. Filed under: offices to let

Serviced office rental has increased in 2013 around the UK, perhaps as a result of the continuing recession with seemingly no light at the end of the tunnel. More and more businesses are responding to the need for flexible office space and short leases without the need to invest long term by taking on a serviced office.

Taking up serviced offices Birmingham has increased by a fifth in relation to the same period in 2012. Businesses are also requiring more space, with the number of desks required doubling from four to eight when compared with the same period last year. Interestingly, while businesses may be unwilling to take on a long traditional lease, they are now also committing to serviced offices for longer periods, increasing the initial licence from eight months to ten.

Chris Meredith, the chief executive at Officebroker.com said of the rise in serviced Birmingham office space: “What I believe this data shows is that Birmingham is a place where companies want to do business and the consistent growth and progress in this important section of the property market over the last 12 months is likely to continue in 2013.”

And it’s not just Birmingham that’s seen an increase in serviced office space rental either. Compared with the same period in 2012, Sheffield has seen a 50% boom in serviced office rental this year, according to Office Space Finders. This is even more encouraging news when you consider that the figures for 2012 suffered a 22% drop in Sheffield from the previous year. These new figures indicate that the city is experiencing growth again, which is definitely what the country needs.

What the figures also reveal is that those who are renting the offices have changed profile somewhat. In 2012, more offices were rented for companies with eight to ten people. This year, however, it is smaller businesses which are leading the market, with more demand for two to three person offices. Looking at these statistics, therefore, the physical amount of space rented has actually decreased this year by 62% compared with 2012. This should then lead to lower prices for prospective tenants looking at renting their first serviced office, which again is great news for new or fledgling businesses.

These figures also show that Sheffield as an area has improved greatly in terms of enterprise and economy. As a traditional manufacturing city, famous for ironmongery and steelwork, it is now a city where businesses can launch and grow. Serviced office rental helps with this, by providing small businesses with the ability to rent an office without being tied into a long traditional office lease. Serviced offices also reduce start-up costs for small businesses because all the necessary furniture and furnishings are already provided and included in the single monthly bill. Utilities, rates and telecommunication costs are also included, as are other services such as cleaning and security. This makes it much easier for a small business to budget their costs and control cash flow, giving them a greater opportunity at success.

 

Budgeting Start-Up Costs for a New Business

Posted by admin on June 4, 2013 at 1:56 pm. Filed under: serviced offices

More and more people are turning towards starting their own businesses, often as a result of redundancy and the difficulties of finding another job in an increasingly difficult job market. One of the main stumbling blocks new entrepreneurs come across is a lack of funding or start-up cash needed to get off the ground. All businesses need a certain level of cash to start. In fact, there are various financial draws on a new business, including promotional and marketing activities, purchasing supplies and insurance, to name but a few.

One thing many new businesses also have to allow capital for is business premises. Traditional leases for office space require a hefty deposit and commitment to a lease of several years, which can be daunting for any new business. While you wouldn’t start a business unless you believed in your product or service, you also can’t know for sure how the future will pan out, particularly in today’s current economic climate, which is showing no signs of improving either.

A great way of managing your start-up costs is by looking at serviced offices in business centres for your premises. Found all around the country, from commercial property Bristol to office space Leeds, there are two primary advantages of serviced offices for start-up businesses. Firstly, the leases are much shorter and more flexible, with an average lease of under a year. This makes the prospect of committing yourself to a leased office when you don’t know how the market will take your business much less scary. What’s more, leases of serviced offices are generally flexible, so you can increase or decrease the amount of space you rent as your business requirements change. This saves you from having to gamble at taking on (and paying for) a larger space when you first start, with the hope of needing that extra room for additional staff as your business takes off.

The second biggest advantage of a serviced office is that you only have one monthly bill encompassing all of the costs associated with having and running your office. This makes it much easier to budget, which is especially important for a new business. The amount of start-up capital needed to get going is also much less, with furniture and furnishings also being included in the price of the office. So, while you’ll still have the initial outlay for things like trade insurance and promotional materials, you will have cut other start-up costs significantly.

One of the biggest outlays a business faces after premises is staffing costs. Therefore, while you’re getting going, you should try and do as much of the work yourself as possible. Not only does this save you money, but it also gives you a really good grounding in all the different aspects of your business and will help you to develop skills you might not have known you had or been that confident about. Dealing with everything yourself will also save you time when it comes to decision making because you won’t have to discuss with other people.

 

 

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