What is the Difference Between a Serviced Office & a Traditional Office?

Belfast 2 weeks ago, Reading time: 2 min

Having the right office space is essential for any business. A suitable office environment is vital whether you’re a start-up hoping to make it big, a freelancer who wants to avoid the negative aspects of working from home or a growing, established business. There are a variety of options to consider when looking at which kind of office is going to be suitable, but the two most popular in the current landscape are the traditional office and the serviced office. Understanding how they differ is the key to working out which suits your business model more. Here’s what you need to know about how traditional offices work and why hot desking might be the best option for you.

The Traditional Office

There are some fundamental differences between a traditional office and shared office space. The traditional office is one where you pay a monthly rental agreement, usually charged according to how much square footage you require. This form of office space is dropping in popularity, especially in big cities like Belfast and Glasgow. It is primarily due to the costs. Although it is ideal for large and established businesses who want to create a unique and branded office environment, it can also be very costly. With numerous bills to pay and the utilities all requiring a commitment of your profit margins, it’s easy to see why this has become less prevalent in the digital age.

Pros:

  • You can decorate and brand your office to suit your company culture.
  • More control over how you use the space.
  • Established businesses can easily predict their monthly profits.

Cons:

  • It can take time and research to find the right premises.
  • High initial costs for rental.
  • Responsibility for running costs.
  • Necessity of business growth management.

Serviced Offices

Rapidly becoming one of the more popular options for new businesses, a serviced office brings many advantages. These work environments will charge you a set monthly fee, but those costs will include a number of benefits. Unlike traditional offices, your running costs will be included in the monthly expenses, meaning that you will not get unexpected bills for internet use or cleaning services. Shared office space is ideal for start-ups and freelancers who want to keep their costs down while benefiting from networking opportunities, professional settings, and the ability to find offices to rent in Glasgow/Belfast. The flexibility is also a significant advantage, as is the addition to your business info of a respectable and city central address.

Pros:

  • Low costs upfront.
  • Greater networking ability.
  • Improved flexibility.
  • Less focus on managing unpredictable expenses.
  • The infrastructure is available immediately.

Cons:

  • Inability to brand your environment.
  • Shared facilities, such as bathrooms, parking space, and meeting rooms.

 

If you’re looking at possible office space, then it’s worth looking at your business plan before committing to anywhere. Assess exactly what you need from your work environment and decide whether a traditional office or a serviced office is right for you. Making a rash decision without knowing the benefits of each office type could have long-lasting effects on your business, so take the time to assess your needs. You should always visit each potential office in person. What’s more, you can book a tour with Clockwise to help make a more detailed and informed decision which will benefit your business for many years.