Also referred to as business centres or executive suites, serviced offices have exploded in the past few years. Favoured for their flexibility and low relocation costs, despite the comparatively high cost of desk space, serviced offices are the perfect solution for all manner of businesses but make particular sense for start-up ventures. The premise behind a serviced office is really quite simple. A coworking provider will purchase or lease an office space and once built to the provider’s specifications, will subsequently offer portions of that space by the desk or suite. Private office suites can be supplied made to order, according to whatever the prospective tenant may need. This may include any branding or service upgrades which will all be subject to additional cost. Typically, electricity, heating, rates and a manned reception are included in a serviced office agreement, but there are many other costs that must be considered when entering into any serviced contract. As mentioned, coworking spaces are favoured for their flexibility, making entry and exit relatively painless. In addition, they allow for relatively effortless growth ‘intra-contract’ as one can easily upgrade to a larger available space when needed. This also applies when downsizing, although you will likely still have to give the agreed notice period before moving to a smaller space within the same building. Avoiding the hassle of changing address and any subsequent marketing and/or business cards however is obviously a major plus.