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Serviced Offices

We work with 99% of the serviced and flexible office providers in all locations globally and our services are FREE, always.

Serviced offices are available for requirements of just 1 desk up to 100+.

Serviced office space provides an all-inclusive workspace solution with services tailored to an occupier’s bespoke requirements.

Serviced offices are available on flexible occupational terms from just 3 months with easy-in and easy-out agreements.

Find Serviced Offices

Get in Touch to let us know how we can assist you in finding the perfect serviced office.

We are regulated by the Royal Institution of Chartered Surveyors (RICS) so property professionalism is at our core. Our office space advisory services are FREE, always.

RICS Logo - The Office Providers are regulated by the Royal Institution of Chartered Surveyors (RICS)

What is a Serviced Office?

A serviced office is a private office that is offered on flexible terms, usually on a licence basis, with overheads included within the monthly fee.

Office space is rented by a Serviced Office Provider that then divides the space up into separate private office suites that range in size from 1 desk to space for 100+ desks.

Serviced offices are often described as ‘plug-and-play’ or ‘ready-to-go’ as they are available for instant occupation with all services and infrastructure already installed.

Serviced offices were first incepted in the 1980s as a solution for travelling business people requiring business premises whilst away from their company’s offices, and have evolved and increased in popularity – they are now used across all sectors by businesses of all sizes including startups, SMEs and multinational corporations.

In the UK, serviced office providers accounted for 19% of the Central London office space take-up in pre-2020.

Post-2020, serviced offices are growing in popularity due to the flexible occupational terms, the fact that workspace footprint can be resized at short-notice, they provide a great ‘testing bed’ for trialling new flexible working models, and because facilities management items such as cleaning and ensuring workplaces are Covid-compliant are outsourced to the serviced office provider or operator.

Why are Serviced Offices so Popular?

Serviced offices offer levels of flexibility that traditional models cannot.

Whilst the serviced market is mature, it is constantly evolving, and serviced office space can now be found in most locations ranging from prime city centre locations to out-of-town business parks.

Serviced offices have always been popular as a temporary office space or ‘swing-space’ solution – providing a stop-gap before longer-term office arrangements, as an economical way of testing a location before committing to a more permanent solution, or as project space for short-term or confidential projects, for instance.

However, more and more businesses of various sizes from a variety of sectors are making serviced offices their first and long-term choices.

Central London serviced office space to rent

One of the reasons for this growing popularity is due to economic uncertainty – since the Great Recession, businesses have increasingly valued flexibility in all aspects of their business model, particularly in their real estate solutions.

Covid-19 and the events of 2020 have further strengthened demand for agile office space solutions for companies in all sectors in all locations.

Serviced offices have always been popular with entrepreneurs and startups due to the ease and speed a company can take occupation, the all-inclusive nature, and the ability to upsize (and downsize) efficiently. Due to a growth in entrepreneurial trends – self-employment, the gig economy, and startups – there is a consistent and growing demand from this sector.

The introduction of the new accountancy standards in 2019 – the International Financial Reporting Standard 16 (IFRS 16) has also encouraged businesses to take on shorter-term leases or licences.

Before IFRS 16, office space leases were often reported under operating expenses. However, the new standard requires these to be reported as amortisation and interest which will have an effect on the financial performance reporting of a company.

Assets and liabilities of a term of more than one year now need to be recorded on a balance sheet and this may be unfavourable or inefficient to certain businesses.

For this reason, many occupiers seek out more flexible lease terms to manage the impact on their balance sheets and their financial statement accounting ratios.

This has led tenants looking to re-gear their longer leases into shorter office leases, or they may seek out the type of short-term licence agreement that serviced offices provide.

Many businesses are finding that serviced offices are an IFRS 16 efficient business space solution.

How Much do Serviced Offices Cost?

Historically, there has been a conception that serviced offices cost more than traditional models. This can be correct on a strictly price per square foot basis, however, serviced offices allow for businesses to rent deskspace for a set number of employees and not include space for meeting rooms, breakout areas, reception space, kitchen areas and so forth within their footprint (or demised area), as these are shared with other serviced office occupiers, so the net internal area (NIA) rented by a business is smaller than it would be with traditional space.

Also, as the monthly serviced office fee is all-inclusive so covers utilities, WiFi, furnishings, reception services, cleaning, buildings insurance, service charge, and other items, both CapEx in terms of fit-out and equipment, and OpEx are reduced significantly.

Serviced offices fees track leasehold office rents as a base so they vary depending on location and on their address or postcode within a location.

The quality of a building has an influence, too and the cabling and other items within the infrastructure have a bearing, as well as services and amenities of the building, and of the immediate locale.

The service pack influences the costing also – many office providers offer a range of optional services such as call-handling and administrative services which means costs vary between serviced office agreements.

The individual deal struck also has a bearing – whilst covenant strength is rarely a factor, the amount of space taken and the term (duration) of occupation are elements that can influence the serviced office cost.

Global serviced office space

As a guide, using the UK as an example, a serviced office in Mayfair London in 2021 can cost somewhere between £600 and £1600 per desk per month, Manchester from around £250 to £500 per desk per month, and Sheffield from £150 to £250 per desk per month.

(There are further serviced office price guides for the UK at the bottom of this page)

If you have any questions regarding serviced offices or require assistance in your search for serviced offices, please Get in Touch and we’d be happy to help.

We are regulated by the Royal Institution of Chartered Surveyors (RICS) so property professionalism is at our core and we work with 99% of the serviced office providers and operators globally.

Also, our services are FREE, always.

What are the Features of a Serviced office?

Agreements can be tailored to an occupier’s bespoke needs and include furnishings and fittings, business technology, business support services, WiFi and telephony infrastructure, cabling, and call-handling, to name a few. Common features include:

Links to popular recent Serviced Office Searches:

1. Office Space In Mayfair

2. Office Space In Birmingham.

3. Offices In Dubai

4. Executive Office Suites Los Angeles

5. Offices Paris

Cost of Serviced Offices in UK locations

Location Price per Desk per Month
Birmingham £200 – £450
Bloomsbury London £500 – £1000
Bristol £300 – £400
Cambridge £150 – £250
Camden Town London £450 – £900
Canary Wharf London £400 – £1000
Chester £150 – £250
City of London £400 – £1000
Covent Garden London £600 – £1200
Farringdon London £500 – £1000
Fitzrovia / NoHo London £500 – £1200
Hammersmith London £500 – £850
Holborn London £500 – £1000
Hull £80 – £110
Islington London £500 – £950
Kensington London £800 – £1400
King’s Cross London £600 – £1200
Knightsbridge London £850 – £1450
Leeds £250 – £450
Liverpool £180 – £350
London Bridge £500 – £1000
Manchester £250 – £500
Marylebone London £500 – £1200
Newcastle £150 – £200
Oxford £150 – £250
Paddington London £500 – £1200
Preston £120 – £160
Reading £150 – £250
Sheffield £150 – £250
Shoreditch London £500 – £950
SoHo London £600 – £1200
Southwark London £500 – £1000
St James’s London £800 – £1600
Stratford London £300 – £600
Victoria London £500 – £1000
Warrington £150 – £200

What are Post-Pandemic Serviced Offices?

Serviced offices have increased in popularity due to the increase in flexible working models within companies as well as the creation of Hybrid Working, or Workplace, models. An office that is serviced offers a flexible, all-inclusive option as either a main headquarters office, a Work-near-Home satellite office solution for remote working staff carrying out tasks that cannot be done from home.

As businesses look to incorporate homeworking staff and remote teams, serviced offices are becoming a popular workplace solution as occupiers trial new operational models.

The added advantages are that serviced office providers take on the responsibility of providing ultra-clean Covid-secure offices for their staff as they return to the office, post-pandemic.

We have produced this Serviced Offices Infographic to illustrate how post-pandemic serviced offices generally work:

What Do Post-2020 Serviced Offices Look Like?

We provide access to serviced offices across London covering locations such as Hammersmith, Kings Cross, Pall Mall, flexible offices in Euston, the City, the West End, Canary Wharf, and all other districts and boroughs.

We also provide access to serviced offices in all locations throughout the UK, Europe and globally.

See our Serviced Office Provider Directory below:

The Office Providers - Serviced Offices Directory

Please Contact Us to let us know how we can assist in finding the best serviced office to rent (or licence) for your team.

Our serviced office space tenant representation services are FREE, always.