In simple terms, serviced offices refer to office space equipped and managed by a third party company. Such a company then rents out Canary Wharf office space to other companies or businesses on flexible terms. Most startups prefer such a setup because it's much cheaper and convenient. For instance, most serviced offices share kitchen, conference area, reception etc. If you are starting out in business, then this is the best model for you, especially if you have limited funds. As your business grows, you can always pay for more space or get and independent office. Having said that, here are additional benefits of serviced or managed offices that you ought to know. Click here to find serviced office space in Marylebone.

 

Budget friendly

 

Budget is a big issue for a majority of people starting out in business. As such, finding affordable office space can be a hard thing considering the rates being advertised out there. Cities like London or New York are known as international hubs for business, as such can be quite expensive when it come to renting your own office space. Without serviced offices, most startup would be locked out key city locations because of budget issues. The good thing about managed offices is that pricing is competitive and quite affordable for people starting out. Most of the time, a typical startup will lease a very tiny office space, and then continue expanding the size of their office as their business grows.

 

Administrative Support

 

Serviced offices come with administrative support, so you don't need to hire extra staff. For instance, you don't need to hire a receptionist, as all your queries are taken care of by staff appointed by the company managing the property. Aside from admin support, such offices come with halls where you can conduct your meetings, as well as equipped boardrooms. where you can hold meetings with with investors and other stakeholders. You can save plenty of money if you don't hire a lot of people in the beginning.

 

Computer and Internet

 

Most of the time, serviced offices are equipped with modern furniture and equipment such as computers, telephone systems and internet. As a starting entrepreneur, all you need is to pay the amount requested and you are given a nice space to work from. On the other hand, if you were to rent your own office, then you'll need to purchase all the needed equipment and furniture, something that can be a challenge especially if you don't have sufficient funds in the beginning.

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