Do you need help searching?

Give us a call 020 4579 2618Enquire now
Start typing your ideal location here!

Investing in quality: serviced office operators delivering top-grade environments to enrich businesses and promote success

Blog Image

Investment in quality of space should be at the forefront of every client’s agenda when considering new offices, regardless of size.

Providing a good working environment for staff will play a large part in their day-to- day wellbeing and drive productivity. Ultimately, there is nothing quite like working in a space that makes you happy.

For businesses looking at conventional space, this investment can be substantial. Depending on the condition of the office taken, specification required and the need for major work (like air conditioning), the cost of fit-out through specialist firms ranges from £25 to £100 per square foot and beyond.

These costs can significantly impact a company’s cash position, forcing it to compromise on their ‘perfect’ space.

With serviced offices over the last few years, the word ‘compromise’ does not feature in the dictionary. Their products are delivered to a standard beyond the financial reach of all but the most cash-rich clients.

(Office Space in Town St Dunstan’s Hill front-of- house)

(Office Space in Town St Dunstan’s Hill meeting room, one of many on a maritime theme)

(Office Space in Town St Dunstan’s Hill, part of lounge)

This quality aesthetic does not come cheap. We caught up with Giles Fuchs, founder of Office Space in Town, who remain a market leader in delivering award-winning serviced office buildings that have set hearts racing since the company’s inception.

Their most recent building at Monument has been a roaring success, drawing clients from the City of London and beyond to relocate into the maritime-themed space.

The question posed was this: just how much cash did it take to deliver this product to market?

The answer is a lofty £8,000,000 for a building with the capacity to house 700 desks.

Giles’ rationale behind this kind of expenditure is straightforward: “The better the quality of the fit out the longer and more robust the income stream. We own our builds do probably spend more than most because rather than depreciating the fit out over the term of a lease, say 10 years, we can depreciate it over the life cycle of the building. Also, the more we spend the more our buildings are worth; so, a win-win for us.

Our clients tell us that part of the unintended consequence of the themes and quality is that that they are attracting and keeping better quality staff than they had dare dream of.

Of course, it also makes the spaces easier to keep full, retains clients longer, all of which is good for our business.”

Companies seeking new office space should consider the level of investment by serviced office operators in design and fit-out, as it relates to each individual occupying space, not to mention the inclusivity of services, quality of care and ongoing maintenance.

Put it this way: if an employee requested that £11,000+ was spent on improving their workstation area as part of an office move, the ensuing conversation would be interesting indeed. With top-tier serviced offices like Office Space in Town, however, this is exactly what clients get. Needless to say, a high percentage of tenants at St Dunstan’s have been there since opening and have absolutely no plans to leave.

Worth keeping in mind.

(Compiled by Michael Dubicki, Director of Business Development at Flexioffices - www.flexioffices.co.uk / 020 7061 3620 / 07432 128 618 / Michael.dubicki@flexioffices.com)

 

Looking For A New Office?

Have a free, no obligations chat with one of our experts and get a personalised office shortlist sent straight to your inbox. Zero fees, zero pressure.

Office News & Guides

Employee Wellbeing in the Workplace | Improve Health, Morale and Retention

Employee Wellbeing in the Workplace | Improve Health, Morale and Retention

Employee wellbeing is no longer a luxury or an afterthought — it has become a strategic imperative for organisations of all sizes. As modern w...

What Smart Businesses Know About Office Space That Others Don’t

What Smart Businesses Know About Office Space That Others Don’t

In today’s workplace economy, office space isn’t just a line item – it’s a strategic asset. Yet most businesses treat it like a utility, defau...

The Workspace Mistakes Killing Team Performance (and How to Spot Them Early)

The Workspace Mistakes Killing Team Performance (and How to Spot Them Early)

The workspace is more than just a place to do business. It influences productivity, shapes team dynamics, and affects retention. Yet, too many...

Are You Ready for the Smart Office Revolution? What to Know Now

Are You Ready for the Smart Office Revolution? What to Know Now

The office is no longer just a physical location. It is a data-rich, people-powered environment that can drive wellbeing, productivity and com...

Flexible Office Space Leasing: The Solution for Business Growth

Flexible Office Space Leasing: The Solution for Business Growth

Flexible Office Space Leasing: The Solution for Business GrowthIn today's business world, flexibility is more than a convenience; it is a comp...

How to Find a Workspace That Actually Works (and Wows)

How to Find a Workspace That Actually Works (and Wows)

If you've ever typed "best office space in London" or "how much office space do I need?" into Google, you're not alone. Finding the right offi...

Serviced vs Managed vs Leased Offices

Serviced vs Managed vs Leased Offices

Securing the right office space isn’t just about location, it’s about balancing cost, flexibility, and employee wellbeing. Whether you need an...

A Guide to Moving Offices

A Guide to Moving Offices

Moving into a new office space is an exciting milestone for any business, whether you're expanding, downsizing, or simply looking for a more m...

Flexible Office Spaces vs Traditional Leases

Flexible Office Spaces vs Traditional Leases

The way we think about offices is changing, with the pandemic and the rise of remote and hybrid working causing businesses of all sizes and in...

How The Right Office Environment Can Support Employee Wellbeing

How The Right Office Environment Can Support Employee Wellbeing

As the new year unfolds, individuals and businesses alike focus on fresh starts. And whether you’re tackling dry January or resolving to impro...