Difference Between Conventional and Serviced Office Space

Conventional Office Space

A Conventional Office means you just rent the empty space. Internally the space is yours to utilise almost entirely as you wish, but you must yourself take care of all the facilities, such as providing your own reception, I.T. and telephone systems, furniture, etc. Conventional office space is rented on a price per square foot per annum basis.

This type of office is suited to businesses who like to run all their own affairs, and to larger companies who already have an established corporate identity.

Advantages	Disadvantages
Brand Identity through signage in the entrance	Not immediate occupation
More control on to how you use and manage your space	Own furniture must be supplied
Increased reliability with longer lease terms	Time consuming activities dealing with the utility companies
Significantly lower costs than comparable serviced office space	Dilapidations and service charges have to be paid to the landlord
	Lease usually taken on full repairing and insuring terms.

Serviced Office Space

Serviced Office or 'executive space' means that you rent space, and coming with that space are all the other infrastructure and facilities that your business might need, such as phone systems, furniture, network systems, receptionist, signage, heating, electricity, rates, insurance and so on. Facilities vary from premises to premises and you pay per person or desk on a monthly basis.

This type of office is suited to satellite operations and small companies who wish to have a personal service, but without the need to hire specialists or reception staff. Serviced offices are often found in the business districts of large cities around the world.

Advantages	Disadvantages
Increased flexibility with short term licences	No branding
Immediate occupation	Higher costs than comparable conventional office space
Flexible office space when your business grows or down-sizes	Lack of privacy since you have to share floor with other businesses
Cost effective office space with only one invoice per month for the facilities!
More time to run your business since you no longer have to deal with all the separate utility companies