Cost comparison
Serviced offices provide a viable cost effective and flexible alternative to traditional leasehold offices. Despite the level of extra services provided, research by The Chartered Institute of Purchasing & Supply indicated that the cost per workstation in serviced offices is around 66% of the equivalent cost of a similar workstation in conventional space1.
We have created a simple list to show the additional costs you should factor in when comparing serviced with conventional offices.
| Conventional Lease | Serviced Offices |
|---|---|
| Fit out | Initial deposit |
| Telecoms | Monthly Licence Fee |
| IT Infrastructure | |
| Professional Fees | |
| Rent | |
| Service charge | |
| Business Rates | |
| Maintainance | |
| Repairs | |
| Utilities | |
| Cleaning | |
| Reception staff | |
| Building insurance |
Aside from the cost, you should also consider the following benefits that are available with serviced offices
- Licences from just 3 months in length
- Ultimate flexibility to expand your office space as and when required.
- Telecoms and IT contracts tied in to the length of your Licence as opposed to separate agreements of differing lengths.
1 Source: The Flexible Managed Office Market, DTZ Research, November 2004