If you are looking at office space for the first time, you must make yourself aware of what is involved. Then, you can weight the benefits of traditional office space against the conveniences of serviced office space.
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First, know that serviced office space can be defined as office space that is run by a management company. Thanks to WeWork, the business world has become familiar with this concept of office space, also known as coworking, furnished office space, and temporary office space.
Serviced office space, before anything else is convenience. If gives a user the ability to move into a professional office environment immediately. You can sign an agreement, move in and be functioning today. The office is furnished, wired with Wifi and outfitted with coffee and break rooms. You don’t have to spend anytime on the set up. Looking past the set up, take notice that you won’t have to manage the office either. You will pay one price and get your WiFi, coffee, cleaning, repairs and everything else associated with the management of an office.
But wait, there’s more. Chances are, you are a start-up or sole practitioner. In a coworking environment like Colony Workplaces, you will be surrounded by like-minded business professionals. Ready to network, motivate and even socialize with, you and your business has instant access to an energy that will help you thrive.
Don’t be mistaken, coworking does not always mean open space, working while surrounded by others. At Colony Workplaces, they offer a range of options from an open plan of mixed businesses, to private offices, to suites with private entrances. Regardless of where you are now or where you plan to grow, the convenience of serviced office space also offers flexibility.
What is Needed With Traditional Office Space?
So, you found space. The first question is, how long of a lease do I have to sign and how much of a security deposit with be required? Are you a new business? Consider this, because a new business might need to come up with a larger security deposit.
Once you get past this commitment and capital outlay, now you need to buy furniture and decorate the space to meet your corporate image. Not only will you want to consider the expense, but take into account the time as well. Time is money, remember that!
Finally, you are in your space and ready to go. Every month, you will receive a rent bill, including taxes and building escalations. For the most part, these are fixed charges so you can budget for this. Other expenses to expect, you will have an Internet bill, HVAC, cleaning, extra cleaning like carpet and glass care.
To learn more about coworking, private desks and private offices at Colony Workplaces, contact us today so you can move in tomorrow.