What is a Serviced Office

Also referred to as an ‘executive suite’ or ‘executive space’, and sometimes ‘managed offices’, ‘business centres’ or ‘executive centres’, a serviced office is a room or building that is fully equipped and managed by a facility management company. This company then rents or leases out individual rooms or floors to other businesses.

Serviced offices are usually found in the business precincts of large cities all over the world. Their rental terms are often more flexible, and furnishings and equipment are included (which lowers costs substantially). The space allocated is usually flexible, too, allowing for more or less room as required – even at short notice. Providers of serviced offices generally provide receptionists, equipment and other resources normally found in an office environment, which further reduces costs as maintenance and upkeep are taken on by the provider and costs per copy (in the case of a photocopier, for example) are minimal.