Flexible office space is an exceptionally versatile workspace for businesses to base themselves, which can have distinct advantages over either owning premises or renting them from a landlord.
Unlike a traditional lease, where contracts are generally longer, flexible office space enables the business tenant to have more flexible terms, a wider choice of office size and customisable services.
Here are some of the main features of flexible office space, and what to expect if you choose this option for your business.
1. Short-Term Leases
Unlike traditional office spaces that often require long-term leases (often of several years, with scheduled break clauses) flexible office spaces allow for much shorter-term arrangements, which can be as little as monthly.
2. Choice Of Space
Flexible office space is often based within a larger building, or a range of buildings, so there is more choice of space available. You might be looking for space that includes a separate meeting room, individual rooms for senior managers, or just one space for your entire team. Companies can scale up or down based on their needs.
3. Shared Amenities
Flexible office spaces typically include shared amenities such as high-speed internet, reception services, parking, and kitchen facilities. There will often be larger rooms – such as a boardroom – available for hire. There may even be additional facilities such as a gym area, shower rooms, lounges, or event spaces.
4. Customisable Services
Business tenants may be able to choose from a menu of services, such as IT support, administrative help, or additional storage, tailoring the office space to their specific requirements. This pick and mix approach is particularly helpful if you need, or can afford, only some of the services available.
5. Cost-Effective
Since you only pay for what you use and can avoid long-term commitments, flexible office spaces can be more cost-effective, especially for startups, freelancers, or businesses with fluctuating space needs. Businesses may need to quickly upsize, due to growth, but equally may want to downsize.
6. Collaborative Environment
Many flexible office spaces foster a community atmosphere, encouraging networking and collaboration among different companies and professionals sharing the space.
Who Uses Flexible Office Spaces?
- Startups and small businesses – these benefit from lower upfront costs and the ability to scale as they grow.
- Freelancers and remote workers – flexible office space offers a professional environment without the isolation of working from home.
- Large corporates – flexible office space is an ideal solution if more room is needed for a short-term project, overflow space, or to establish a presence in new markets without a long-term commitment.
- Expanding businesses – flexible office space can be used for satellite offices in new locations, or as a hybrid work option for employees.
Flexible office space is increasingly popular in the modern work environment, particularly as businesses adapt to changing work patterns, such as remote and hybrid work. At Rombourne, we are the experts in flexible office space. All our locations—in Bristol, Cardiff, Newport, or Swindon offer a range of office sizes, flexible terms, excellent amenities, and prime locations. Please get in touch to find out more.
