Serviced Offices Blog


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.

 

Growing your firm with the help of serviced offices

Posted by admin on August 24, 2013 at 10:39 am. Filed under: serviced offices

There are lots of reasons why serviced office rental agreements are so popular these days. For example, firms that take advantage of these leases benefit from a range of inclusive services. They don’t have to worry about having their own receptionist and they also get to make the most of phone answering services. In addition, they have access to meeting and conference spaces.

However, there’s another reason why offices like this are proving a hit and that’s flexibility.

Starting out

Starting your own business can be exciting and, if you prove to be successful, you stand to reap potentially significant financial rewards. Of course, achieving this outcome isn’t easy. Economic conditions remain tough, business costs are rising and there is plenty of competition out there.

However, if you’re savvy, you can make your life that little bit easier. By using serviced offices London or elsewhere, rather than opting for traditional office agreements, you can give yourself greater flexibility. These leases are typically available on six, nine and 12-month contracts, and it’s even possible to get three-month agreements. When you’re a fledgling enterprise, it can be virtually impossible to predict demand for your goods or services, so this freedom is especially important.

Peace of mind

Knowing that you aren’t tied into long-term contracts over your working space can offer you greater peace of mind. It means that if and when you need to, you’ll be free to expand or contract.

More fixed costs

Getting to grips with your new firm’s finances can be tricky too, but serviced offices once again come into their own here. Because many of your bills will be included in your rent, including heating, lighting and security, you’ll have less uncertainty to contend with. It’s much easier to plan your finances when you have more fixed costs.

Property management headaches

Also, if you opt for serviced offices Liverpool or elsewhere you won’t have the usual property management headaches to contend with. It will be someone else’s job to worry about these logistics, meaning you’ll have more time and energy to focus on your company.

Simple

The best thing is, finding serviced offices is now a breeze. Here at Abacus Real Estate we know how important it is for bosses to be able to secure the ideal working spaces and, by using our website, you should be able to do precisely this.

Just take a look at the offices available in your desired location. You won’t be stuck for choice.

A checklist

Before you make any final decisions, it’s important to ensure the office you have in mind meets all the relevant criteria. For example, it must be within your budget, in the right location and have all the equipment you need. Also, it’s important that the office looks the part. As long as you’re methodical and don’t make any snap decisions, you should achieve the results you’re after.

Serviced offices are probably the fastest growing and most exciting sector within the commercial property market, and it’s not hard to see why.

 

Your office move tick list

Posted by admin on August 19, 2013 at 10:33 am. Filed under: office space

Moving to a new office can be exciting. It may represent a new era for your business and, if you’re current premises isn’t up-to-scratch or doesn’t suit your requirements, the change could be a welcome relief.

However, if you’re to benefit from the best results, it’s really important that you’re methodical when you’re perusing the business centres that are available.

Budget

First and foremost think money. When it comes to business, your head should always rule your heart. It doesn’t matter how good an office looks or feels, and how much of a buzz you get from seeing it, if it doesn’t fit within your spending limits, forget it.

Over-stretching yourself financially can be disastrous, especially during tough times like these. Spending too much money on your office could lead to long-term problems and stress.

The good news is, as long as you know where to look, there are plenty of great deals available. Also, bear in mind that when you choose serviced offices Manchester or elsewhere, your rent will include many of your bills.

Location

Arguably the second most important issue to consider is location. There’s no point in choosing a great office if it’s not in the right place. Your personnel must have easy access to the working space and you may need to be near to your customers.

Often, it’s necessary to make a trade off. To get a suitable office within your spending limit, you might have to be a little bit flexible in terms of your location. For example, city centre offices tend to be pricier than those located further out or on business parks.

Size

Then there’s size to think about. If your office is too small, it will be uncomfortable for your staff members to use. On the other hand, if you choose a space that’s too large, you’ll end up shelling out for space you’re not using.

Quality is key

Of course, the quality of your working area is also really important. To impress your personnel and any third parties who enter your premises, it’s got to look the part. Comfy, stylish furniture is a must, along with any equipment you need to operate successfully.

Convenience

By choosing serviced offices Leeds or elsewhere, as opposed to opting for traditional leases, you can benefit from a range of additional services that make your life easier. For example, you should have access to reception and phone answering services and you’ll also be able to use meeting and conference spaces. In addition, you won’t have to worry about cleaning, building maintenance and so on. Let’s face it, running a business can be tough at the best of times, so these little extras may be very welcome.

Also, serviced offices are available on shorter leases, meaning you can benefit from greater flexibility. You should find it easier to expand or contract depending on market conditions.

Take your pick

By bearing issues like these in mind, you should be able to select office space with confidence and achieve the results you’re after.

 

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.

 

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.

 

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.

 

A solution to Manchester office space

Posted by admin on May 20, 2013 at 3:04 pm. Filed under: office space

Entrepreneurs looking to locate their business in the north east may want to consider Manchester for their office space. It is a thriving metropolis, home to some 2.6 million people and has several cultural and sporting attractions.

Sporting fame

Few people in the world have not heard of Manchester United and the club has a massive, dedicated following throughout the world. The wide exposure of the football club means that people from all corners of the earth see what Manchester has to offer. The other notable football club, Manchester City has gained more recent notoriety as significant investment has seen it win the English Premiership and challenge their rivals for supremacy. Few of your clients can resist the opportunity to see a match at the ground of one of these two major clubs. In addition to this, the Emirates Old Trafford is the cricket ground for Lancashire County and attracts Test matches, One Day Internationals and International Twenty20s matches.

Role in industrial revolution

Manchester is famed for its part in the industrial revolution and was the location of the first railway station, which played a significant role in the cotton industry. Waterways were important in the revolution and the Manchester Ship Canal was a major transportation route, helping to make Manchester one of the foremost industrial centres in the United Kingdom.

Rutherford split the atom in Manchester, where he taught at the famous historic Manchester University. The first meeting of the Trades Union Congress was held in the city.

Transportation links

Office space in Manchester benefits from the city’s excellent transport links which are varied and accessible. Manchester airport is a major hub with flights to the USA, Europe and beyond. Three major over ground train stations serve over 30 million passengers per year, making the city one of the best rail networks hubs in the United Kingdom. Trams also operate within the city, with the network comprising of 23 miles of tramway connecting 42 stations. Apart from their practicalities, trams offer a novel and unique way of seeing Manchester, which will be appreciated by your clients.

Serviced offices

Having chosen Manchester as the ideal place for your business base, the next decision is the choice of office space available. One of the most popular solutions is serviced offices in Manchester.

These offices offer a flexible solution in today’s uncertain economic climate. Traditional office space is always available but it has several drawbacks. Long leases govern the occupancy of traditional offices with onerous clauses and expensive financial penalties should you wish to leave the offices at short notice. The offices are presented as an empty shell and require fitting out, including the purchase of office furniture and equipment which is time consuming and expensive.

Alternatively, serviced offices offer a turn key solution requiring no capital outlay and being fully fitted and furnished, are available on just a few days or weeks notice. The arrangement can be ended on a similar short term notice period. One single fixed monthly rental payment covers most of your monthly outgoings and expenses.

At Abacus Real Estate, we have the expertise to offer you solutions to your search for suitable office space in Manchester.

 

The allure of serviced offices

Posted by admin on May 15, 2013 at 2:59 pm. Filed under: serviced offices

Whether you are looking to rent office space in Leeds, Liverpool, Bristol, London or Birmingham, the same considerations arise. Location and office type are of paramount consideration.

Affordability of serviced offices

London office space is available in many areas of the capital. No one really wants to rent office space in a run down suburb but the prospect of renting office space in a prestigious and trendy area remains a dream for many business owners. However it would be a mistake to write off locating your office premises in Mayfair.

By choosing a certain type of office accommodation even small business owners can afford to locate their offices in a high end location usually reserved for the wealthy.

Serviced offices unlock access to prestigious locations

The benefit of serviced offices is that they are configured in such a way which means they are accessible by many business owners. Accessibility does not mean that quality is compromised. On the contrary, serviced office space in Victoria is situated in the highly prestigious location of Stag Place and comprises high spec reception areas with bright tasteful décor and a feeling of plush quality. Due to the nature of serviced offices they can be rented for a very affordable price.

Most serviced offices have a bright and luxurious appeal with attractive fully staffed reception areas. An on-site security guard adds to the secure and professional feeling as your clients wait in the comfortable seating area. The reception staff are fully trained and help to promote the professionalism of the offices.

By sharing office accommodation, the costs can be split between the tenants making it an affordable option. Serviced offices also provide an instant solution to any accommodation problems since they are available on just a few days’ notice. As they are provided fully fitted and furnished, there are no set up costs and you are free to commence running your business upon taking occupation.

What is included?

Irrespective of whether you rent office space in Edinburgh or Leeds, the same expenses and outgoings are normally covered. One fixed monthly rental payment allows you to plan for the future and includes the following:

• Buildings insurance
• Regular cleaning outside of office hours
• Staffed reception area
• On site security
• IT infrastructure and telephony services
• Use of communal facilities, e.g. bathroom, kitchen
• Utility bills
• Business rates
• Dilapidations
• Furniture
• Fit out

Short term myth of serviced offices

Serviced offices are usually associated with temporary short term office moves. This is a myth and serviced offices often become long term solutions. Their flexibility means that business tenants continue to renew their short term occupancy turning the arrangement into a long term one. In these uncertain economic times, the ability to be flexible and move to different sized offices at short notice is very important. Serviced offices can often be vacated on giving just a few weeks notice.

At Abacus Real Estate, we have the expertise to assist you in your search for the most suitable office premises in your chosen location.

 

Serviced offices in London

Posted by admin on May 2, 2013 at 2:55 pm. Filed under: serviced offices

As a busy entrepreneur you will be aware of the constraints on your time with an endless variety of tasks waiting for your input. Renting office space in London is a daunting prospect involving many considerations aside from the location of your offices within the capital.

Traditional versus serviced offices

Moving to office premises can be time consuming if you opt for traditional offices. This type of office space requires a great deal of time and capital outlay since you must purchase office furniture and equipment. Traditional offices also require a long term commitment, being regulated by leases with a five or ten year timeframe. If you wish to end the arrangement you will normally have to pay a premium to trigger a break clause. This is another expense which your business can well do without.

The advantage of serviced offices is that they are the most cost effective and convenient solution to occupying office space in London or anywhere for that matter. Serviced offices are ideal irrespective of the size of your business.

Built in flexibility

The current economic climate has made setting up and operating business ventures difficult and uncertain. Businesses need to be in a position to react swiftly to changing circumstances. Serviced offices have the built in flexibility to allow a business to be able to move premises quickly, whether on a permanent or temporary basis.

Serviced offices are regulated by a simple agreement rather than a complicated and extensive lease. Normally serviced offices are available to rent for varying periods from a few weeks to months. If it suits your business the arrangements can be extended so that they become long term but with the added benefit of being ended swiftly and without expensive trigger clauses. The agreement does not require the added expense of lawyers pouring over it, which is the case with complex lease provisions.

London office space is available in many locations and careful consideration of location is important. The type of office space is also critical and a wrong choice could prove an expensive mistake.

Other pros of serviced offices in London

In an increasingly complicated world, the prospect of paying most of your office expenses in one monthly payment is very appealing. You have no expensive capital outlay or time consuming fitting to carry out. You are able to occupy your London office space quickly because serviced offices are provided fully furnished and equipped. You are provided with contemporary office furniture, and security, maintenance and utilities are all provided and included in your monthly payment. You have access to communal areas shared with other tenants, such as kitchens, bathrooms and break out areas. IT services, secretarial and administrative support can sometimes be included in the monthly rent or available on a pay as you use basis.

If you wish to rent office space in London there are many aspects to consider. At Abacus Real Estate we can provide an ideal office solution in your search for office space to rent in London.

 

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