Topping the list for businesses seeking a prestigious central London address, affluent Mayfair offers a tempting proposition for any company with its heart set on a prime location in the Capital, surrounded by exclusive dining venues and handsome hotels.
There is ample choice in office space Mayfair wide, from converted period buildings to fresh new office developments. But the big question is, do you opt for un-serviced or serviced offices?
Let’s explore the cases for and against the choice.
The case for serviced office space Mayfair
What is a serviced office?
A serviced office comes fully furnished and equipped. With no long leases or hidden costs, and the workspace ready to move into without any capital investment in furnishings and equipment required, there is a lot to like about this type of office space.
Mayfair offers much in the way of serviced offices, too, so you will find ample choice.
Many businesses opt for serviced office space. Mayfair wide, there is plenty on offer, but why is it so popular? Let’s take a look.
Firstly, serviced offices tend to be more budget-friendly, especially for the younger business that’s just finding its feet in Mayfair.
Serviced offices in Mayfair can be considered more cost-effective than the un-serviced alternative. With an all-inclusive monthly fee covering business rates, service charges and utility bills, together with a range of amenities, a level of certainty is offered, which many businesses appreciate.
Serviced office amenities usually include:
- High-speed internet
- Audiovisual conferencing
- Use of meeting rooms and kitchens
- Admin and technical support
- Call answering
- Mail handling
- Staffed reception
- Concierge services
- Car parking and bicycle storage
- Showers and lockers
- 24/7 access
Flexible leases offer access to serviced office space on a monthly basis, and rooms can be configured to accommodate varying numbers of employees, allowing businesses to scale up or down as required, ideal in uncertain times.
The benefits of serviced office space during COVID-19
Flexibility, together with the all-inclusive terms associated with serviced offices Mayfair wide, have become particularly attractive to businesses during the COVID-19 pandemic.
With a widespread change in working practices, flexibility has become a crucial must-have, and cost savings have proved a welcome perk too. Many organisations continue to appreciate the value of maintaining a physical workplace, considering it morale-boosting and an excellent way to boost feelings of inclusiveness, and reduce isolation. For this reason, the popularity of the serviced office has excelled.
The case for un-serviced office space Mayfair
Serviced offices in Mayfair may not be for everyone. For those more established businesses looking to bolster their brand identity and company culture, or for those seeking a bespoke working solution, un-serviced office space may be the better option, especially if you are able to commit to a longer rental agreement term and flexibility isn’t too important.
Conventional leased office space means renting directly from the landlord on a price per square foot per year basis. You will usually need to commit for at least three years, although some tenancy agreements can run for up to ten years.
Because the space is ultimately yours, you can put your mark on it and really make it your own so that it is fully tailored to the individual needs of your business.
When it comes to traditional leased office space, Mayfair has lots to offer for the larger organisation which can predict its long term needs. More control, and lower long term costs and overheads, trade off the flexibility of the serviced office alternative.
Are you seeking office space in Mayfair? Consult the commercial property experts, Mellersh & Harding
Whether you are looking for serviced offices on a flexible lease basis, or un-serviced, traditionally leased office space, Mayfair is a prime location brimming with opportunities. From beautifully converted Georgian listed buildings, to newly constructed contemporary office blocks, you are sure to find your perfect workspace in this much sought-after district of London.
At Mellersh & Harding, we have an extensive portfolio of serviced and un-serviced office space Mayfair wide. Why not get in touch today to discuss your unique requirements? You can reach our dedicated team on 020 7522 8500.