Who Uses Serviced Offices?

In this day of unprecedented and rapid change, the space needs of companies vary considerably over time, in terms of quantity, location, timing and duration. Property ownership is increasingly becoming a liability rather than asset to many fast-moving companies due to long leases and punitive break clauses.

Even in good times, prudent landlords are often reluctant to rent office space to new, untested start-up companies who have no proven track record. Those who do, ask for large guarantees or rental deposits. This not only affects the cash flow of a new business when it needs it most, but can also lead to increased borrowing costs that sink fledging businesses.

In certain jurisdictions like Vietnam, you are required to secure a fixed office lease before you can proceed to incorporate your company. This incorporation process can take from 3-6 months to complete, during which time your office space requirements may have changed drastically - a serviced office lease with The Nomad Offices can be signed in as little as 1-hour and provides flexibility in lease terms to suit your needs.

Smart companies turn to serviced office operators like The Nomad Offices. Serviced offices are thus ideal for companies in which:

There is a high growth rate in the number of employees. Your business is growing at an unpredictable rate therefore requiring a flexible lease. You need to relocate in, say, the next 3 months. Management of your current premises is distracting you from managing the business. The space in your current location is not being fully utilized, hence wasted money. A  "respected' office is essential to your business. You currently do not have the funds to rent a conventional office. You require additional space/services for a short-term project.

All kinds of companies use serviced offices, including start-ups, foreign representative offices, consultancy firms, listed MNCs and companies which need temporary office space due to office expansion or renovation. In fact, many businesses never move out of serviced offices, since they find that for them the mix of services represent good value in the longer term. They benefit from unlimited business flexibility, better management of limited resources, lower overall costs, and more productive and satisfied employees. Sign up now!