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Economic Reasons to Use a Serviced Office for Your Business

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In the past, renting a serviced office was never an option. You had to go out and rent office space and fill it with all the office equipment you needed. Times have changed and you can now rent a services office as opposed to getting into a long-term rental lease. Renting your own office has some benefits, but it costs a considerable amount of money. For someone building a startup, it isn’t a realistic option.

No Capital Investment

If you rent first-class serviced office in Gordon or Sydney, you don’t need to invest any capital. You only pay for the rental of the office, not the facilities in it. All the facilities are there at your disposal, you don’t have to invest any money in the building. You simply rent the space and request additional services when needed. There is no long-term contract, you pay for what you use. If you rent a physical office space, you’ll have to sign a long-term lease. Once the lease is signed, you’ll need a range of other elements, including:

  • Office Supplies
  • Equipment
  • Cleaning Staff
  • Kitchen
  • Reception Area

All of these come at a price, paying for new equipment such as desks and computers can add a huge amount to your expenses. That is why so many startups and other businesses are going for serviced offices.

Less Employees

When you rent a serviced office, they generally provide skilled staff members to help run your business. This means you don’t need as many employees as you would if you had rented your own place. They can help support your business by offering fully trained receptionists and admin staff. You can pay for extra services when you need them, you don’t have to bother employing additional workers.

Expansion & Contraction

One of the biggest benefits of using a serviced office is flexibility, you can adapt your business to your current needs. If you are experiencing rapid growth and you need to expand your operations, you can easily acquire more office space. There is no need to go looking for expensive, long-term accommodation. If you rent a new building and things don’t work out, you could be left with a 3 to 5-year lease you no longer need. Having serviced offices means you can contract or expand your operations when needed.

No Maintenance Costs

Maintenance and repairs can cost a business a lot of money, if something goes wrong with your tech and you need replacements, it won’t come cheap. The great thing about using a serviced office is that everything is taken care of. You don’t have to worry about air conditioning, electricity or equipment, your provider looks after all of that.

This article has pointed out some of the benefits of renting a serviced office, there are many more which haven’t been included in this piece. Using a serviced office can save your business a lot of money, you don’t have to sign any long-term contracts or fill an empty office with expensive equipment. You just pay for the facility and add or subtract services as you see fit.