Should I opt for a serviced office or a conventional lease?

I deal with this question on a daily basis. As I mentioned in Part One and Part Two of this post, the decision is usually clear cut. If you’ve answered these 6 key questions about your business, you should now know which route you should take.

If you are still in any doubt – or, perhaps crucially, if there is disagreement amongst key decision makers in your organisation – here is a definitive checklist, which you can keep handy for use during any discussion:

A CONVENTIONAL LEASE is the right choice for your business, IF:

  1. you are looking to take an office for a longer term: 3  to 5 years plus
  2. you have no substantial growth plans during that period
  3. you have the time to go through the acquisition process
  4. you have the funds to pay for legal advice and an office agent
  5. you believe that control of your space, layout, interior design and branding are fundamental to your business.

Find out more about conventionally leased office space in London here.

A SERVICED OFFICE is the right choice for your business, IF:

  1. you require flexibility in terms of the length of your agreement
  2. you are in a substantial growth phase and plan to employ more people
  3. the number of people you employ is generally unpredictable
  4. time is off the essence and you need to move in to new offices quickly, with all services available immediately
  5. budget is critical and you would like to avoid upfront costs

Find out more about serviced office space in London here.

I hope this 3 part post explains everything clearly and removes the myths and misconceptions about both conventional and serviced office space in London. Ultimately, I hope it gives you the facts to make the correct choices for your business.

Here are links to Part One and Part Two of this blog post.

Serviced Office or Conventional Lease? The Definitive Checklist – Part Three

Serviced Offices Location Guides

We have serviced office location guides for each of our 19 London locations:

Many business centres also offer coworking space, meeting rooms and virtual offices.

For more general information about flexible office space, please see our Serviced Offices in London guide.

About Jamie Robotkin

Jamie Robotkin

Jamie specialises in finding his clients flexible office space within a portfolio of approximately 2500 serviced or managed office buildings across the UK. He has a wealth of knowledge and experience of the serviced and managed property market and an unquestionable passion for negotiating the very best deals for his clients.

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