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Frequently Asked Questions
FAQs - Office Costs
For most companies and individuals cost is the determining factor in their Serviced Office choice. Below we have listed just some of the questions you may encounter when using the website.
What does the cost guide mean?
Why are some operators so much more expensive?
Are the quoted prices negotiable?
Do we need to provide a large rental deposit?
Are telephone calls charged at a premium?
Are they more expensive than a conventional lease?
What does the cost guide mean?
This is the indicative cost per person per month for a fully equipped office. It includes rent, business rates, service charges, electricity, heating, furniture, building's insurance, telephone handset, telephone system and generally telephone answering, telephone line rental and meeting room hire.
Why are some operators so much more expensive?
The difference in cost is reflective of the location, standard of offices and level of service. The most expensive operators are comparable to a four star hotel whereas the cheapest operators are comparable to a one star hotel.
Are the quoted prices negotiable?
Yes. The prices quoted are always negotiable, however, in a strong market where there is little space available, it is more difficult to receive any discounts.
What other costs are there?
You will need to pay for your telephone calls and Internet access together with secretarial services and meeting rooms as and when you use them.
Do I need to provide a large rental deposit?
No. Unlike conventional leases, you will only need to provide a deposit of between 1 and 2 months rent. This is the same for any company whether it's a blue chip or a start-up.
Are telephone calls charged at a premium?
Most operators charge "standard" national carrier rates. The operators have negotiated preferential rates with other telecommunication carriers but often do not pass on any savings to their customers. Some operators charge a premium above national carrier rates. It is wise to make your own inquiries with each operator.
Are they more expensive than a conventional lease?
It depends on how many people you need to accommodate; how long you need the office for; and, how quickly you need to take possession. It is difficult to analyse the exact cost unless you compare a specific serviced office with a specific conventional lease. Instant Offices have developed a model that enables you to make an accurate comparison. Click here to use the Instant Offices' interactive cost calculator.
