A serviced office is an office or office building that is fully equipped and managed by a facility management company, also known as an office provider, which then rents individual offices or floors to other companies. Serviced offices have been growing in popularity over the past few years.
What serviced offices offer that others do not:
- One Bill. All the costs are included in one monthly fee. No hidden charges.
- Flexibility. Expanding or contracting, you can adapt your serviced offices to your needs.
- No up-front costs.
- Full service. From reception to repairs, everything is included.
- Guaranteed service. From teabag replenishment to fixing power failures.
5 reasons for growth:
- Increasing number of start-ups and growth businesses.
- Expansion of key sectors that use serviced offices, specifically the tech sector.
- Political and economic instability means companies don't want to commit long term to office spaces
- Emergence of new trends towards more collaborative culture of working.
- Shortage of modern small sized offices available.
Office providers use management systems such as Bomahut to simply keep track of tenants' personal data as well as financial data.
Click here to learn more about Bomahut Property Management Software.
