Serviced office space picks up during decline
The flexible, short-term nature of serviced and managed office space is appealing to businesses during the recession, according to a recent report by NE Business.
Office providers that offer short-term space as part of a flexible serviced office agreement are in big demand at the moment, as firms attempt to control costs during a difficult economy.
The recession is teaching businesses to watch cash-flow and cut costs in order to keep afloat. As a result, businesses are looking to find more effective workspace by way of reducing overheads, and are turning to serviced offices in order to save money without losing out on productivity or professionalism.
The serviced office space industry offers flexible terms, which offer small businesses the opportunity to take one workstation on agreements ranging from 2 weeks upwards. Serviced offices typically offer manageable fees on rolling monthly contracts, without unexpected extras such as maintenance charges.
In addition, serviced offices typically attract a number of businesses who come together in open-plan offices, which also provides a hotbed of networking opportunities.