Compare Costs of Serviced Offices vs Conventional Office Space

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Cost Comparison Conventional vs Serviced

Comparing Costs of Conventional Office Space vs Serviced Offices

Many companies have the misconception that serviced office space is expensive because most companies only consider rent, rates and service charges - typically only about 60% of the total cost of leasing a conventional office space.

Offices are the second largest expense next to the company payroll, so it's important to find the right environment at the right cost. Our cost comparison helps you make a fair comparison between conventional office space and serviced office space. It can be used as a guide to make sure that you've budgeted for all the appropriate costs involved.

Please fill in the areas below, marked with an asterisk, to see how much you could save by renting Serviced Offices.

Conventional Costs v Serviced Costs

Conventional sq ft required Please enter amount of Office Space required

Sq ft per person Assumes a normal space allocation of 125 sq ft per person

125

Business Centre Area Assume a space allocation of 65 sq ft per person - a European standard. Less space is required in a Serviced office as communal areas such as reception, kitchens, corridors, etc are shared by clients

No. of Workstations Equivalent number of workstations

Length of Term (1-10 years) Please insert the length of lease you would have to sign for a conventional office

Conventional Costs

Market Rent Enter market rent costs per sq ft

Business Rates Assumes 40% of market rent

Service Charge Enter service charge per sq ft

Property Costs per sq ft Typically only 60% of the total cost of occupying a like for like property

Fit Out Costs Fit out costs per sq ft of £50, rentalised over the term of the lease

Running Costs £10 per sq ft to include utilities, cleaning, security & part cost of receptionist

Dilapidations Assumes 10% of Fit out costs for 'making good' of the space, rentalised over the term

Management Fees 15% of 1st years rent to include agent & legal fees

Total Other Costs per sq ft Total costs of Fit-Out, Dilapidations & other fees that many people forget to include

Conventional Cost per sq ft Shows total occupancy costs per sq ft

£10

Annual Conventional Cost Shows total occupancy costs per annum

Monthly Conventional Cost Shows overall occupancy costs per workstation/person per month

Serviced Costs

n/a

Included in one simple monthly fee Please enter monthly cost of workstation below

Serviced Cost on equivalent space

Annual Serviced Cost Shows total serviced costs per annum

Monthly Serviced Cost Please enter cost of workstation per month

Annual Serviced Savings

Monthly Savings per person

Note: Please enter numbers in all text boxes

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Serviced Offices Ealing Serviced Offices Southwark Serviced Offices White Chapel Serviced Offices Camden Serviced Offices Kings Cross Serviced Offices Wembley Serviced Offices Wandsworth Serviced Offices Fulham Serviced Offices Baker Street Serviced Offices Euston

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