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The flexibility and cost effective nature of a serviced office is one of the reasons why the serviced office industry is going from strength-to-strength. In these uncertain times, many businesses are choosing a serviced office instead of conventional space in order to benefit from the leasing flexibility and time savings that a serviced office provides. What's more, businesses that choose serviced offices do not have to employ capital to fit out and equip an office.
The features of a serviced office far outweigh those of a conventional lease and are summarised as follows:
| Conventional Lease | Serviced Office Lease |
|---|---|
| On average, businesses must sign a 5 - 10 year lease agreement on office space | Flexible. Most of Executive Office Group's customers initially sign a 12 month agreement. |
| 6 – 9 month average set-up time before move-in date | Customers can have full operational status in 3 days |
| Fixed amount of office space does not enable companies to expand or reduce the amount of space required | Flexible office space enables companies to adjust the space they require |
| Need to employ staff including receptionist, facilities management. | A professional business centre team is located in-house and includes:
|
| Multiple contracts will be required with third party suppliers to cover IT, Security, Catering and Repairs and Maintenance. | High quality Bandwidth and IP telephones are included as part of single monthly fee - no need to tie up capital |
| Substantial set up costs of fit-out and furnishing | Offices fully fitted out and furnished |
| Substantial time and opportunity cost in the setup of the new office or when managing change | Considerable cost savings (refer to our cost comparison summary) |
At Executive Offices Group, we are focused on quality rather than quantity. Our unique serviced office brands appeal to a range of industry sectors varying from Finance to Media, IT to Legal. Our 36 properties are located in London's key business districts, principally in the West End, Midtown and City of London, as well as in West London, Cambridge, Leeds and Paris. With no flags, signs or nameboards on any of our buildings, we never compromise our customer's brand, and, with a uniformed in-house business support team, we create a professional corporate image for our customers.
In summary, the advantages of an Executive Offices Group serviced office are as follows: