What are the differences between Serviced Offices, Managed Offices, and Leased Office Spaces?

 

Finding the perfect office can be overwhelming when there are so many shapes, sizes, terms, and other aspects to consider. Serviced, managed, and leased offices are the three types of spaces that you will find in your search. Beyond the rent arrangement and term agreement, there are additional key differences that you need to take into consideration when looking at each option.

 

Below we have mapped out and highlighted the differences to help you make the right decision for your business.

OFFICE TYPE

Serviced Office Space

A serviced office is offered on a flexible licence agreement opposed to a long term lease. Usually serviced offices require an initial commitment of 12 months.

Each serviced office is delivered on a Plug + Play basis and refers to the physical, private space occupied by an individual clients’ business within a business centre.

The term ‘serviced’ relates to the facilities and amenities that form part of the occupier’s rental package. This package would typically include rent, rates, service charge, reception services and meeting room access.

Serviced offices are typically priced on a per workstation/person basis (opposed to per sq. ft.) and charged at a fixed monthly rate.

What’s Typically Included | Serviced Office Agreement


Private Office Space

Rent and Rates

Service Charge

Reception Services

Call Answering

Plug’n’Play IT

Plug’n’Play Telecoms

Upkeep/Maintenance

Kitchen & Toilets Facilities

Meeting Room Access

Boardroom Facilities

Breakout Areas

Parking Areas

Parking

Cleaning

Typical Specifications

 

1-30 staff

Minimum Term 1 Month

Maximum Term 12 Months

Satellite Office

Highly Flexible & New Markets

4 Weeks From Start To Completion

OFFICE TYPE

Managed Office Space

Managed office space provides a bespoke working environment created from a menu of services to meet the needs of an individual business.

Delivered from start to completion by a specialist outsourced team, a managed office solution eliminates the burden of property and project management allowing you to stay focused on core business activity. In addition to delivering a custom plug ‘n’ play office solution, the specialist team deliver comprehensive and on-going facility management.

Managed office space is typically created to budget and paid for over the duration of a pre-agreed contract on a quarterly basis.

What’s Typically Included | Managed Office Agreement


Property Search

Negotiation

Project Management

Resource Management

Completion

Cultural Assessment

Custom Configuration

Bespoke Fit-out

Telephony & IT

Fixture & Fitting

Onsite Support (Optional)

Facility Management

Maintenance & Upkeep

24/7 Helpline

Typical Specifications

 

30+ Staff

3,5 or 10 Year Commitment

Min. 16 Weeks From Start to Completion

OFFICE TYPE

Leased Office Space

Leased office space is negotiated with a landlord via intermediary agents. Leases are acquired on a minimum 3 year term, priced on a per sq. ft. basis and provided as a ‘blank canvas’. This sort of office space also requires capital expenditure.

Once secured, the tenant will need to appoint contractors and a project management team to complete all necessary alterations to the office space prior to occupancy; including fit out, IT & Telecoms and suitable resources to deliver on-going, day-to-day support post occupancy.

Required Resoureces | Actions


Pre-lease

Retained Agent

Legal Representations

Search Costs

Post-lease

Contractors

Fit Out Team

Fixtures & Fittings

Furniture

IT & Telecoms

On-going

Facility Management

Security

Maintenance & Upkeep

Cleaning

Staffing

Typical Specifications

 

30+ staff

Min. 5 Year Commitment

Min. 20 Weeks from Start to Completion