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In
November 2014, a business report carried out by the Business Centre Association (renamed the Flexible Space Association in 2019) showed that serviced offices in the UK are using 70 million square feet of space, house around 80,000 businesses, provide over 400,000 jobs and generate in the region of
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Now primarily virtual offices offering businesses a place, people and technology, serviced offices became an industry. Seminal reports on the industry were carried out by DTZ in the early 2000s, and published with the
British Council for Offices. The National Audit Office of the UK has produced a
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Pioneers of the serviced office industry in the United States are recorded as early as the 1960s, with the creation of OmniOffices in 1962, followed by the launch of Paul Fegen's furnished law suites for attorneys in 1966. The concept then spread abroad to
Australia, where Alf Moufarrige founded
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office which may require furnishing, equipment, and more restrictive leases. Space is normally flexible, allowing for additional space to be allocated at short notice, should the size of an individual business change. Serviced office providers often allow tenants to share reception services,
172:/ Entrepreneurial – Small to medium businesses or enterprises which don't want to make a financial commitment to a longer term lease. This class of client likely also benefits from not having to add administrative and support personnel to payroll, with all the pursuant
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and other resources, providing reduced costs and access to equipment which may otherwise be unaffordable. By providing businesses with access to a workplace, technology and people central to its operations, the serviced office can be considered a type of
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As the serviced industry adapts to new technologies and services that are available, the terminology also continues to evolve. "Flexible workspace" is a term favored by most industry trade organizations (e.g. Flexible Space
Association) as of
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are a branch of serviced offices that add elements of collaboration and community to the workspace. The term was coined by
Bernard de Koven in 1999 and has since become a popular trend for start-ups and international satellites.
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The advances in computer technology during the 1980s reduced the amount of staff required to operate a serviced office, and increased the technologies a serviced office could offer its clients, including access to
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is a company or individual that arranges transactions between a party interested in renting serviced office space and a business centre / office space owner, also known as an office provider. The serviced office
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Overflow – Typically a large company experiencing growth, with traditional leased space in the area which it has outgrown. These can be short-term requirements (3–6 months) for large number of users (as many as
166:
New market/locational – Businesses which are typically headquartered abroad or in another region of the country which require a business presence in the area of operation of the business center.
119:. They normally band together into "chambers" to share clerks (administrators) and operating expenses. Some chambers grow to be large and sophisticated, and have a distinctly corporate feel.
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in 1978, and to the U.K. where the Fuchs family launched a business center in
Northampton, England, in 1979, which is still open under their family brand OSiT (Office Space in Town Ltd).
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will commonly help business center owners and facility management companies to rent serviced office space. Companies offering serviced offices are generally able to offer more flexible
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307:'Bundled' packages (where one monthly payment covers most costs) are available, as are 'unbundled' (where each item used attracts a unit cost).
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Interim – Clients that are in the process of moving from one space to another, and may be facing delays in the completion of the new space.
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guide to help
Government Departments and public bodies to assess the case for flexible managed space instead of conventional office space.
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In the United
Kingdom, the concept of working together and sharing premises, staff and other overheads was at first primarily used by
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Project-based – Clients that have a specific need for office space, based on a specific contract or project. Examples include
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To fulfil the goal of finding clients to rent serviced office space, a serviced office broker will often do the following:
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Request a property condition disclosure form and any other forms that may be needed from the business centre owner.
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During the 1980s, serviced offices in the major US business cities, evolved from law suites into business centers.
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Request information from the business centre owner in order to describe the property successfully for advertising.
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Advertise the business centre/ serviced office space through listings, newsletters, promotions and other methods.
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List the business centre/ serviced office space available for rent to the public, often on the internet.
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Serviced offices may offer benefits over conventional offices for new or dynamic businesses, including:
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Find business centres/ serviced office space in accordance with the clients needs and specification.
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135:. Richard Nissen founded Business Space Ltd. in London in 1980 and was a pioneer of the new
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532:"British Council for Offices Launches NextGen Competition: Imagining the Office of 2035"
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481:"Commercial Property/Business Centers; Modern Office for Rent: Daily Rates Available"
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431:"Forty Years And Counting: Servcorp's Long-Serving CEO Alfred George Moufarrige"
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96:. Serviced offices are a central component to the flexible workspace industry.
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In some cases there may be higher monthly cost than conventional leased space.
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Many serviced offices (although not all) give a generic, unbranded impression.
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Clients of serviced office facilities fall into the following categories:
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613:"The History Of Coworking In A Timeline | Deskmag | Coworking"
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that used electronics to place and transfer telephone calls.
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or office building that is fully equipped and managed by a
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46:, which then rents individual offices or floors to other
658:"Coworking Is The New Normal, And These Stats Prove It"
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Flexible leasing with little notice (Duration and size)
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595:"Business Centres Contribute £2bn To Uk Economy"
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342:then makes commission when the deal is made.
508:"Richard Nissen: The Virtual Office Pioneer"
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304:Modern fit-out and fully furnished offices
137:digital exchange telecommunications system
405:"Flexible Workspace Timeline – Text Only"
226:infrastructure and internet connectivity.
176:costs (benefits, insurance, recruitment).
644:Global Coworking Unconference Conference
380:"Infographic: Types of Serviced Offices"
50:. Serviced offices, also referred to as
637:"GCUC Global Coworking Stats 2017-2022"
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455:"OSiT: A family business since 1979"
301:Access to business centres worldwide
82:terms, as opposed to a conventional
74:of large cities around the world. A
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295:Support staff available as needed
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683:"Real Estate Agents and Brokers"
289:Building Maintenance is included
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235:Facilities typically include:
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479:Holusha, John (2001-05-20).
429:Pupic, Tamara (2017-05-21).
203:Services typically include:
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190:teams or attorneys in the
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42:company, also known as an
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459:www.officespaceintown.com
70:, are often found in the
779:Small office/home office
512:Alliance Virtual Offices
147:£2bn to the UK economy.
557:"National Audit Office"
280:No / low start up costs
262:Full-time security; and
335:serviced office broker
292:Immediate availability
214:Administrative support
76:serviced office broker
283:Prestigious addresses
366:Notes and references
40:facility management
72:business districts
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170:Startup Companies
89:business machines
68:executive centers
16:(Redirected from
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769:Paperless office
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250:air conditioning
240:Conference Rooms
151:Coworking spaces
64:executive suites
60:business centers
56:flexible offices
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754:Front office
691:the original
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461:. 2017-09-06
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435:Entrepreneur
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413:. Retrieved
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388:. Retrieved
386:. 2016-03-07
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312:Shortcomings
298:Receptionist
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209:receptionist
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158:Client types
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133:fax machines
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810:Office work
744:Back office
687:www.bls.gov
799:Categories
668:2019-08-20
622:2019-08-20
580:2019-08-20
542:2017-08-30
517:2019-08-20
492:2011-10-08
465:2019-08-20
440:2019-08-20
415:2019-08-20
390:2019-08-20
259:Furniture;
252:and other
231:Facilities
207:Dedicated
117:barristers
599:orega.com
536:ArchDaily
266:Insurance
254:utilities
248:Heating,
192:discovery
129:voicemail
125:computers
48:companies
805:Property
571:"FlexSA"
272:Benefits
199:Services
194:process.
107:ServCorp
329:Brokers
220:service
218:Telecom
180:40-50).
100:History
732:Office
575:FlexSA
340:broker
131:, and
84:leased
80:rental
36:office
34:is an
734:types
640:(PDF)
324:2019.
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