With all-inclusive rents, instant occupancy, and flexible contracts, serviced offices have become one of the top options for teams and businesses throughout Ireland.
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What is a serviced office?
A serviced office is one that’s all set up and ready to go from the date you move in. Utilities, bills and the day-to-day running of the building is managed by another company, so you’re free to hit the ground running without having to worry about installing broadband or hiring reception staff.
Serviced offices tend to offer much more flexibility and shorter-term contracts than traditional private offices – a few months rather than a few years – which is great news for businesses who aren’t sure where they’re going to be a couple of years down the line.
There are a range of serviced office types available, from hot desks to fixed desks in shared spaces, to private office suites for teams and larger organisations.
What facilities do serviced offices provide?
Most serviced offices will provide you with all the basic essentials as part of your all-inclusive rent. You can expect:
- High-speed internet
- Mail services
- Printers and photocopiers
- Audio-visual equipment
- Kitchen facilities
- Cleaning services
- Security staff
More luxury serviced offices offer additional amenities on top of these – some as part of their all-inclusive rent package, others on a pay-as-you-use basis.
- Meeting rooms
- Unique event spaces
- Reception staff
- Bike storage
- Gym facilities
- Shower rooms
- Fitness classes
- Childcare facilities
- Roof terraces
- Telephone answering services
- Stationery supplies
- Travel services
Want to find out more about serviced offices? Pop your details in the form or send us a message via our chat and we’ll talk you through serviced offices and what’s currently available.
What are the benefits of serviced offices?
Serviced offices can be available for anything between one month and one year and usually have renewable agreements. This means they can provide flexible, temporary workspaces that suit your needs and don’t tie you down to long-term contracts.
As you pay in an all-inclusive fee each month, budgeting becomes very easy. You know what you owe each month and won’t have any unexpected charges to throw you off.
Self-managed private offices are often labour-intensive to run because of maintenance demands. A serviced office saves you precious time as well as money.
Many more luxury serviced offices provide high-quality facilities, such as event space, baristas, and gyms, that businesses wouldn’t otherwise have access to. This can be hugely helpful in attracting and retaining talent.
Is there a minimum contract period for a serviced office?
Many serviced offices offer monthly rolling contracts, allowing you to retain flexibility and move or grow as and when you need.
Is it more expensive to rent a serviced office?
While the cost of some serviced offices might appear high in comparison to traditional office space, factor in the savings you’ll make from having no additional expenses and it can work out to be much more cost effective. Business rates, local authority charges, electricity, broadband, heating, air conditioning, security, maintenance, insurance, extra facilities – it’s all taken care of.
According to a 2016 Business Centre Association report, serviced office rates in shared business centres are between 23% and 30% cheaper than conventional leases on a like-for-like basis. The UK Chartered Institute of Purchasing also found that businesses can reduce costs by up to 78% when they use a serviced office rather than a self-managed office rental.
One reason for cost savings is that serviced offices are usually licensed rather than leased. This is a simpler form of agreement that allows clients to bypass expensive solicitor fees. The flexible terms also mean that companies don’t pay for space they don’t need, as they are free to take on more only when they need it.
Serviced offices either charge a flat fee for a desk, or a fee per-square-foot/per office. Renting desks is a better fit for small business, while renting per office or per-square-foot is more suitable for businesses that have a large number of staff.
What type of businesses can benefit from a serviced office?
Serviced office space is valuable to businesses of all sizes, because of the choice, flexibility, and access to key locations it offers.
Serviced offices are ideal for startups. Before the flexible office revolution, conventional leases would usually require tenants to commit to an office for 5-10 years, which just isn’t feasible for budding businesses. Monthly rolling contracts open up workspace for startups who don’t necessarily know what the future holds.
On top of this, serviced office spaces take the hassle out of office management, simplify costs into an all-inclusive monthly fee, and often come complete with an array of desirable facilities – essential in the “war for talent”.
When you’re growing fast, the last thing that you want to do is either a) run out of space or b) have to pay for space that you don’t need. The flexibility of serviced office solutions allows companies to “pay as you grow” – so only take on workspace as and when they need it.
SMEs and Corporates
Serviced office space offers many benefits to larger companies too – particularly those that fluctuate in size, as it enables you to take and dispense of space as it suits you. This is particularly useful for SMEs and corporations that might need overflow space for temporary or subsidiary teams, or innovation hubs for new ventures.
How can I find a serviced office?
At Irish Office Space, we cover all areas of Ireland, so you can be sure that we’ll help you find the perfect space in no time at all. Best of all, it’s at no cost to you. Get started below.
or call: +353 1 556 3590
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