Office space with a fully functioning infrastructure including I.T. and telephone services, furniture, utilities etc. You are therefore able to move in right away. You pay per person / desk on a monthly basis inclusive of costs such as heating, electricity, insurance etc. You can rent space for any period from a month up to a year. Additional services such as boardroom hire, secretarial services, photocopying, and I.T. assistance are usually available at an extra cost. As well as a fixed term contract, you can also rent on a monthly basis and leave without notice period or penalty.
Increased flexibility – not locked into a long term contract.
No need to pay for office space which is surplus to your requirements.
No rates, service charge, heating, gas or electricity to pay so together with the rent, these costs are fixed
No branding / Corporate Identity
Usually substantially more expensive (if worked out on a per square foot basis)
Potential inconvenience of sharing floor with many other businesses
Lack of privacy