How did Serviced offices originate?
The services offices are known to originated in the United Kingdom in 1980’s. The concept of working together and sharing offices and sharing the overheads was first used by lawyers in the United Kingdom. They would normally huddle together into ‘chambers’ to share the administration and other operating expenses. Some of these chambers into a cultured and large corporate type look. And thus emerged the concept of shared offices. As in 2014, serviced office in UK comprise of more than seventy million square feet of office space and are responsible for generating more than four hundred thousand jobs in the United Kingdom.
So what exactly is a Serviced Office?
Usually a serviced office is a physical location that is completely managed by the facility management company (such as www.innovativefacility.com). Thereafter the company rents out this premise to other companies. The premise can individual offices or entire floor(s). The terms serviced offices, business centers, executive suites and executive centers are often used interchangeably.
What are the benefits of a Serviced office?
- Serviced Offices offer a more flexible rental plans.
- Unlike conventional offices, serviced offices do not require to be furnished
- The space is expandable (or collapsible) at a short notice hence reducing. This is a very big plus as your operating expenditures are variable costs rather than fixed costs.
- Many expenditures such as cost of receptionists, security personnel costs and sometimes the cost of business machines are shared.