Serviced office space vs conventional leased offices -which is better for your business?

With costs averaging around 20 per cent of annual overheads, you need to make sure that your office space is working for you. But which is better suited to your business needs - serviced / coworking space or a conventional leased office space of your own? Read our guide outlining the pros and cons of each office set up and make your move!

Serviced/Coworking space – the lowdown

Serviced and coworking providers offer office-as-a-service solutions – ready to go premises. You just turn up, plug in your IT equipment and are fully operational much more quickly and easily than through leasing conventional office space.

Serviced and coworking spaces can now be found all over central London. Providers are capitalising on growing demand from companies looking for a greater degree of flexibility and the simplicity that office-as-as-service offers.

Contract terms typically range from three months to 2 years but are sometimes even negotiable on a month-on-month basis.

Offices vary between the traditional, serviced office offerings to the more modern coworking set up. The latter have become increasingly popular as there is a growing demand for workspaces that are design-led, inspiring space where staff would choose to come to work; there is a definite movement away from the vanilla white box solutions of yesteryear.

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