Time, capital, and commitment are the three main components in driving business in today’s ever-changing and competitive global marketplace. The serviced office in Dubai, which is a versatile, cost-effective, and comfortable alternative to the traditional office space in Dubai, is a way to optimize all three elements at the same time.
Focal Point Serviced office one of the leaders in the serviced office industry can attest that it has become a rapidly rising segment within commercial office space, growing at an annual rate of 73 percent globally, as it is increasingly seen as a mainstream occupancy choice that can be considered by companies of all sizes and types.
The Serviced Office Concept
A serviced office is an inspiring approach that gives companies the versatility they need to respond to rapidly evolving market conditions. A serviced office, also known as a managed flexible office space, is a fully equipped and furnished office space in a professional business setting that is ready to use immediately.
Serviced office providers manage the office premise and offer a variety of business services, such as reception and phone answering services, secretarial assistance, conference and meeting facilities, high-speed internet connectivity, and so on. Serviced offices can be located in many of the world’s major cities’ business districts.
The most significant distinction between serviced offices and traditional offices is how they are used. A serviced office lease is typically short-term, lasting as little as one month; however, long-term leases, which are more commonly associated with traditional office spaces, can last for up to three years, not to mention the initial capital needed to customize the space, buy furniture and equipment, and decorate.
Read News form TheAnceStory about different topics.
What are the Benefits of a Leaner Alternative?
- Cost Saving
The main advantage of a serviced office is the considerable cost savings. Savings of up to 75% on monthly costs can be reached by eliminating the initial set-up costs and hidden charges associated with traditional leases. Furthermore, companies can use facilities such as break-out areas, conference rooms, and video conferencing systems without incurring extra expenses, resulting in significant savings and lower upfront costs.
- Flexibility
In comparison to traditional offices, another significant characteristic of the serviced office is its extreme versatility. Serviced offices are normally open for one month to one year and come with renewable agreements. This type of short-term lease arrangement is especially useful to start-ups with irregular cash flow, as well as large corporations looking to grow and “test the waters” in new markets. Office space and layout can be customized, and office size is easily adjustable, enabling companies to scale up or down to meet their changing needs.
- Efficiency
Infrequently used spaces, such as the pantry, conference, and meeting rooms, are available for use at the serviced office center and are charged on a “pay-per-use” basis. It is much more economical than owning a conference room and office facilities that are only required for a few hours per week, but businesses are paying rentals and utilities even though the space is unoccupied for the majority of the time.
A professionally qualified service team is also in place to provide all basic office services, such as reception, IT support, secretarial support, cleaning, and security, to keep the businesses’ workplace running. Not only do companies save money on overhead, but they also save precious management time by dealing with staff recruitment and retention problems.
- Reduced Risk
Businesses that use serviced offices are not required to maintain the significant amount of fixed assets associated with owning an office, allowing them to quickly adjust the size of their office in response to their business growth rate. All operating risks are significantly minimized when the serviced office provider manages the IT facilities, telephone system, office equipment, and day-to-day administrative functions. This kind of adaptability may mean the difference between success and failure.
- Company support services provided by professionals
Office facilities at a serviced office center also provide a variety of specialist business services that can be arranged by companies upon request. Company development, accounting and tax advice, secretarial support, HR consulting, translation, travel arrangements, and other services may be provided. Businesses may benefit from a fully sponsored office setting, which allows them to focus on what matters most: growing their business.
Serviced Offices and the Businesses That Use Them
Serviced offices are a viable choice that companies of all sizes and types should consider. SMEs, businesses growing into new markets, project-based organizations operating on a broad but short-term project, and MNCs who already have conventional office space but have different business units that need to be separated from their main office for a variety of purposes, prefer to use serviced office solutions that provide them with 100% agility.
Finally
Overall, the global growth of the serviced office market over the last decade has been fueled by corporations’ increasing need for ever-greater flexibility and speed in responding to a rapidly evolving business climate. To that Focal Point Serviced office caters to all of your needs. Focal Point is the first company to call when you need a business center in Dubai or offices for rent in Dubai.
Businesses are constantly shifting where and how they conduct their activities, necessitating the use of flexible manpower as well as capital infrastructure flexibility. Serviced offices will continue to be a popular occupancy choice for businesses of all sizes and sectors as a more cost-effective alternative to traditional office space.
