What are the various office space options?
June 27th, 2008 | by Adam LuckingChoregus wants to give you a general recap on the various office space solutions that are readily available, so below is a list of them.
Conventional office space
Conventional office space have contracts on a lease agreement and have a minimum of a 5 year contract. If the lease is longer term then it is possible to have a period of free rent. Advantages of this option include security of tenure but the initial overheads, insurance and lease payments may be too much for a start up or small business.
Serviced office space
Serviced office space contracts normally come in the form of a license. There is the advantage of office space and contract length flexibility with terms from as little as one month being available. There is also access to meeting rooms, break out areas, administration and reception staff and fully integrated telecoms and IT solutions. Serviced office space are ideal for companies who are going to grow in size considerably or companies that want a functional office that is ready to use immediately. Office space sizes vary from 100 sq m2 upwards which is hard to find using conventional office space.
Managed office space
This solution is really halfway between a serviced office solution and conventional office space with licenses and leases available. The term usually determines the type of contract and occupancy usually starts at a year. Managed office space solutions are ideal for companies that have furniture and telecom systems but want flexibility. Managed offices start at 1,000 sq ft upwards. For something smaller than this, serviced offices would be the ideal solution.
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