A Guide to Managed Offices

Finance

  • Author Emma Drummond
  • Published December 13, 2010
  • Word count 644

Traditionally, when businesses are looking for a place to set up office, they’ll opt for setting up a conventional lease agreement. Others will investigate serviced offices - whereby contracts usually come in the form of licences. In the case of serviced offices, tenants usually benefit from the flexibility that is afforded from both the contract, as well as the office space itself.

These days however, with the option of managed offices, businesses have the opportunity to make use of a more practical, less stressful and much more convenient option. There is a bit of confusion when it comes to the topic of managed offices, but by covering the facts, this article aims to clarify exactly what a managed office is, what it entails and why you should consider it.

Essentially, a managed office sits between that of a conventional office space and a serviced office space and offers the flexibility that tenants would get from a serviced office, as well as the scalability that comes with a conventional lease. This means your business will have both the space and capacity to expand.

The Benefits of a Managed Office

Managed Offices in areas like London, run by an external facility, offer amenities that are often on a par with international hotels. This usually means that not only will you be afforded a flexible working environment, but will also have the benefit of sharing reception services, business resources and equipment. Managed offices usually boast a "service culture" embodied in a dedicated team or concierge who will gladly assist you in helping your business to run smoothly. In an international city such as London, managed office concierges are often multilingual and are able to assist various clients from across the globe.

With a managed office – you are given the freedom to make your working space work for you. You’re able to customise your office to suit your business objectives and design the space so that your employers can perform optimally and comfortably. This can all be decided according to the nature of your business and it isn’t dependent on the other tenants that share the building.

Managed offices in London cater to those who are looking for both long-term space as well as short-term project space. The best way to ascertain whether the space will be suited to you would be to visit the building itself to get a feel of the place. When looking for a space to rent, the first thing one should consider is the location of the space. In London, you’ll find managed offices in the central business district. An office that’s in close to the main travel routes, train stations and airport transfer routes is huge plus for employees getting to and from work daily. It makes the hassle of getting to and from the office much less stressful and alleviates travel costs. You’ll also find that you’ll seldom have to leave the office as you’ll have everything you need under one roof. Most managed office spaces go above and beyond what would be typically expected in a conventional office, by offering recreational and convenience facilities. These will differ depending on where you go, but some examples include the likes of a coffee shop or small store. Here, you can relax and enjoy a cup of coffee or grab some last minute things for dinner on the way home.

Managed offices in London often also feature recreational facilities such gyms and saunas. Imagine the blissful view overlooking the city as you catch up on a workout without even having to leave the office! It’s these small things that make an experience in a managed office all the more worth it! You’ll find that your managed office reminds you more of a hotel in Britain’s commerce centre than a mere business building.

Tower 42 offers managed office space in central London. They provide high quality, flexible office accommodation options for both short and long term leasing. If you are looking into a managed office space for your business, contact Tower 42 today to find out about the available options.

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