by Anna Norman-Butler

Created on: July 26, 2010   Last Updated: July 28, 2010

Particularly during the present unstable economy, committing to a lengthy lease agreement or mortgage for their place of business is a risk companies are increasingly wary of taking. In contrast, serviced rented office space is increasingly becoming the perfect solution for many business owners.

A serviced office, also known as an executive suite or business centre, is a fully equipped office or building which is owned or leased by a facility management company. They then rent the office space to other companies on a much more flexible basis than conventional leased offices. By using a business centre, companies benefit from short term rental or licence agreements that allow them to simply move in and easily move out as needed. Since tenants can share reception services, business equipment and other office related resources, serviced offices provide access to facilities that might otherwise cause a strain on finances.

The wealth of prime locations available, flexible lease terms and convenience of managed facilities plus skilled reception staff are just a few of the reasons business owners are turning to the serviced office space solution.

Payment flexibility

Rather than getting tied down to a legally binding and lengthy lease agreement, rented office space allows you to choose how you want to pay, whether short term or long term, at an hourly, daily, monthly or annual fee. This gives you the option to move locations or expand to a bigger office space without any fuss.

Impressive savings

You can choose from a huge range of attractive office spaces that are fully serviced at approximately 60-70% of the cost it takes to equip and staff a conventional office. If you choose to relocate, you will also save nicely on the cost of moving. Lastly, you will have the peace of mind in knowing that if you want to change locations you won’t be tied to a lengthy and pricey lease agreement.

Jump in running

Rented office space allows companies, whether large or small, to move in and commence business almost immediately. In contrast, setting up conventional offices can be a lengthy process – searching for the right location and lease agreement, buying office equipment and furniture, hiring office staff – all these necessities are already provided for in a business centre.

Location that suits

There is an abundance of business centre locations across the UK to choose from – from prime hot spots to places conveniently situated near your home. Two of the

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