Now-a-days facility owns people; the person getting facilitated is the person in proper state. In the matter of providing facilities serviced offices are one of a kind. A serviced office is an office or office building that is fully equipped and managed by facility Management Company, which then rents individual offices or space to the other companies. Serviced office, referred to as managed offices, business centers, executive suites or executive centers, are often found in the business districts of large cities around the world.
Companies offering serviced offices are generally able to offer more flexible serviced office rental terms, as opposed to conventional leased office which may require furnishing, equipment, and more restrictive leases. Serviced office space are generally of the company having lot of services in the list including reception services, business machines and other resources, providing reduced costs and access to equipment which may otherwise be unaffordable.
These services were originated in 1980s in the major US business cities. In the UK, the concept of working together and sharing premises, staff and other overheads was first used by Barristers.
Clients of serviced facilities fall into many categories include new market/ vocational, startup companies, interims, project based. Services typically include receptionist, administrative support, telecom service, IT infrastructure and internet connectivity. Facilities it provides are conference rooms, meeting rooms, heating, air conditioning and other utilities, furniture, full time security and insurance. Benefits it provides are no/low start up costs, prestigious addresses, flexible leasing with little notice, building maintenance is included, immediate availability, support staff available as needed, receptionist, access to business centers worldwide, modern fit-out and fully furnished offices, ‘’bundled’’ packages are available, as are unbundled. Many serviced offices give a generic, unbranded yet memorable impression. In some cases there may be higher monthly cost than conventional leased space.