What is the difference between Fully furnished and equipped offices and traditional offices?
- One of the major differences is the length of the lease. A Fully furnished and equipped office lease may be as short as 1 month, or more typically 9 or 12 months. This is very different from the 5-10 year lease normally associated with a traditional office and gives many organizations the much needed flexibility to shrink or expand as their business dictates.
- Another difference is flexibility. Serviced offices allow you the opportunity to move-in within a few days of finding your office solution and you will not have to sign a long-term binding lease. If you are unsure of expansion plans or the ideal geographic location for your business, serviced offices may provide an ideal solution.
- Conventional office space/commercial property is going to be an attractive option for companies with staff in excess of 20 employees who are certain of their needs for the next few years. Business rates/service charges/buildings insurance/utilities/larger rental deposits/set up costs including furniture and phones are some of the costs not included in the monthly lease and are therefore an important factor when considering office space/commercial property. Serviced offices include most of these costs in the monthly license fee and there is no need for an initial capital cost.