What is Flexible Office Space? The Benefits & Who They’re For

Learn how economic shifts and the growing demand for flexible office spaces are shaping the future of the corporate landscape.

Written by

Felicity Williams

Published on

June 6, 2024

What is Flexible Office Space? The Benefits & Who They’re For

Flexible office space is an office that’s equipped and managed by a third-party provider, rather than the occupiers themselves. Typically, fully furnished and equipped with the basic features businesses need, like internet connectivity, desks and chairs; it makes them a popular option for ‘plug-and-play’ working, freeing occupiers from the responsibility of traditionally leased office tenancy.

In fact, the global serviced office market has been growing year after year, reaching a new high of $34 billion in total value last year and is projected to grow to $96 billion by 2030. This is due to both the benefits they offer over their alternatives, and the unique environment businesses find themselves in.

This surge in popularity over recent years has proven that a serviced office can be the perfect solution for businesses seeking a more flexible way of working with less commitment. They’re an ideal middle-ground between a conventional long-term private lease and a completely flexible coworking arrangement. Customers get the benefit of their own private office space, and near-complete control over how it looks, feels, and works; whilst removing any of the stress of fitting-out, furnishing and maintaining their space – which is all handled for them by Office Co Group.

It is this, which makes an office ‘serviced’. Office Co Group. transforms an ‘office’ from being a simple product to being a service. By consolidating all the costs typically involved in having an office, including rent, business rates, service charge, utilities, internet, furniture, maintenance, insurance, and cleaning, into one simple price; it caters to those businesses looking to manage costs effectively so that they can concentrate on what matters to their business. The transparency of an all-inclusive pricing model ensures there are no unexpected expenses involved with fitting-out, furnishings or maintaining the space.  

This proposition also allows for more control over how long tenants stay there than with traditional leases. Occupying flexible office space is an entirely sperate offering to leasing a traditional private office space. Rather than being locked into a long-term contract lease, customers are able to commit for a much shorter term (from as short as one month), and then operate on rolling basis. This level of flexibility is essential for agility, which is becoming increasingly important in our tumultuous economic conditions.

Similarly, a challenging and uncertain economic landscape necessitates some risk management from businesses looking to survive unscathed, and Office Co Group. offers just that. Customers have the option to increase or decrease the amount of space they have on request.

What does a private office with Office Co Group. include?

  • Furniture (desks and chairs)
  • Access to a shared kitchens
  • Access to meeting rooms and call booths
  • Breakout spaces
  • Internet and telecoms
  • Events and networking
  • Regular office cleaning
  • Office maintenance
  • Rent, service charge, utilities, cleaning, general maintenance
  • Free tea and coffee
  • Dog friendly
  • Bicycle storage
  • Showers
  • Local business partnerships

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