Conventional vs Serviced Office Space in London
One of the first decisions when searching for office space is whether you require regular conventional leased office space or serviced offices, but what are the differences between the two?
Here we discuss the differences, advantages and disadvantages between each.
Conventional Office Space
Conventional office space is leased or rented either directly from a landlord or an existing tenant looking to assign the remainder of their lease term or sublet under their lease where they can offer different lease terms.
In this scenario, the internal space is yours to do with as you wish (within certain parameters that will be specified in your lease or rental agreement).
You’ll be responsible for all your fit-out, IT & telephony, design, furniture and installation costs and will also be responsible for the cost of supplying electricity, gas and water, regular cleaning and any service charges that may be payable, as well as business rates.
Usually, conventional office space is rented at a price per square foot.
Office Search London maintains an extensive database of conventional offices in Greater and Central London, West End, Mayfair and beyond, which is updated on a daily basis.
Serviced offices come ready to go, boasting fully-functioning IT and telephony services, furniture and operational utilities, meaning to can move in and start working straight away.
You’ll usually be charged a monthly fee based either on the number of people you have in the office or the number of desks at your disposal, and that fee will be inclusive of power, heat, water and insurance costs.
Serviced office space in London can often be rented for a flexible period from a month up to a year, with no notice period or penalty, and comes with the option of being able to rent additional facilities, such as boardroom space, secretarial support, IT back-up and printer and photocopying services.