Serviced Offices, are also referred to as fully furnished office spaces, executive suites, business centres, managed offices and executive space. These are an essential requirement of not only start-up companies and small to medium sized companies; but such offices are also in demand by large companies which are looking to expand and also required by businesses on project basis.
This rise in demand is fuelled due to the facilities provided by the serviced office providers and the companies having to pay only as per their usage which results in organizations running their operations in a cost effective manner. These facilities include conference rooms, meeting rooms, dedicated receptionist, administrative support, telecom service, fully-converged in-house IT infrastructure, internet connectivity and much more.
Serviced offices also offer the benefit of flexibility in terms of rental procedures, as well as in terms of availability of additional space within short notice. This immediate availability of additional space lets the business owners to concentrate on operating their business and invest time and money in expanding it. The rental procedures provided by these office providers are preferred by businesses since they adhere to flexibility of payment methods which is moreover pay-per-usage basis as opposed to fixed locking period of the traditional lease offices. In other words, the hassle of managing the office environment is totally taken up by the office providers and the business owners are left with successful development of their business.
Due to all these advantages, Serviced offices have become highly popular amongst organizations in India whether these are MNCs looking to test the waters in India, companies looking to expand, small business, start-up companies etc.