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this industry . The recent surge in the popularity of serviced offices is due to the immediate and stress-free solutions they provide business owners .
Which types of business use serviced offices ? Serviced offices are hugely versatile , with many types of businesses , from small start-ups to large corporations , benefiting from them . Whether you ’ re a freelancer looking for a dedicated workspace away from home , a start-up or SME needing flexible office space with low setup costs , or have remote teams needing a professional workspace , a collaborative workspace is just what you need .
Large corporations and international companies can also benefit from utilising a serviced office . They are great options for temporary workspaces for employees when expanding into new locations or for businesses looking to establish a professional presence in a new country .
In summary , many businesses use serviced offices requiring flexible , cost-effective , and professional space .
Three questions to ask
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What ’ s included in the package ? Before putting your name on the dotted line , look at what is included in your serviced office package . For example , will you have all the necessary equipment and be able to access it easily ?
Is there enough space ? A general rule is that you should have around 100 square feet of space per employee . This gives them all the room they need to be productive while encouraging close teamwork and collaboration .
How long is the lease agreement ? Serviced office agreements typically run monthly , but checking your lease ’ s fine print is worth checking to ensure this is the case .
What do you need to consider when choosing a service provider ? Take advantage of using
117 APRIL / MAY 2023 SA Real Estate Investor Magazine