In recent years, with the fluid nature of business, many companies have opted to go down the “serviced” route, letting office space out from dedicated estate providers. This popularity has been put down to their flexibility, cost and availability, with businesses looking to take advantage of their services without having to part with huge lump sums.

Serviced office space comes “ready made” and as such is growing most with small or medium companies still new to the world of business. In offering a fully formed IT infrastructure, it saves the start up costs many businesses face in having to set up an online network.

Secondly, serviced offices are typically bundled in with all manner of business services that a company could need at short notice. In having a dedicated, fully furnished boardroom or meeting space within the building, businesses within can hire out such rooms, often at short notice, if the need for them were to suddenly arise. This again saves money and cost as it provides the services a business needs on site at a significantly lower cost than if a business were to let it out on its own.

It is not only small businesses, however, that take to letting managed office space. Companies who are based in other countries but doing short-term work elsewhere can also benefit from taking up an office space, allowing them the freedom of a short term let, often in the centre of the business district in which they are based. This ranges from multinational business owners to film and TV production offices and legal representatives working on a particularly large case.

Finally, serviced office space comes fully secure and comprehensively insured. Following on from the “ready-made” approach noted earlier, serviced offices offer the user a secure place to do their work where all the legal set-up costs are covered, meaning the company can move in much sooner than if they had to take time to set up all the cumbrous paperwork.

It is these advantages which make the option of serviced offices less of an attraction for businesses but more of a requirement.