One of the main draws of serviced office space is the idea of inclusivity. You pay a single monthly price which covers everything... or does it?
The market has grown rapidly over the last few years, bringing an unprecedented number of new buildings and new providers with it. This robust choice allows the savvy tenant to compare a large selection of offerings in an effort to secure the best value.
Each new provider is seeking to put an offering in front of clients which encompasses as much as possible within the monthly payment, or license fee. With this in mind, what variations in inclusive services can the end-user expect?
At their core, serviced offices provide a cost which encompasses rent, business rates, service charges, utilities, cleaning / waste disposal, furniture, security, front-of-house services and tea / coffee.
Beyond that, it gets interesting. You can expect to see a range of possibilities especially regarding IT and phone connectivity; for example:
BE Offices are certainly a brand that continues to offer unrivalled inclusivity. Within their packages, over and above the core offering, the following is included in the monthly license fee:
I spoke with Marcus Pettifer, Head of Sales at BE, about the thought process behind throwing everything into a deal and being brave enough to forego deposit payments from clients, especially when the cost of their offices is competitive in the marketplace already.
He said: “Our aim is to be 100% transparent with our clients, we want them to understand how much they will pay, and what they will get. The only thing we keep up our sleeves are the extra treats like free personal training, client events and even a sweet trolley! We don’t ask for a deposit as we’d rather our clients keep their money in their business so they can grow in our centres”
(Reception at BE Paddington)
BE are a strong brand, now the second-largest independent provider of serviced office space in London, with aspirations towards continued organic growth in the capital and beyond. With their inclusive offering, clients can literally have their cake and eat it (with the added perk of free doughnuts and sweets delivered to your desk every Friday).
Serviced offices will move inexorably towards a greater all-inclusivity over the years to come but it is good to see established brands leading the way.
(Compiled by Michael Dubicki, Director of Business Development at Flexioffices - www.flexioffices.co.uk / 020 7061 3620 / 07432 128 618 / Michael.firstname.lastname@example.org)