Cyprus Office Space - Serviced Offices / Conferencing, Virtual Offices & IT Infrastructure

Serviced vs Conventional Lease

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A serviced office can cost up to 60% less than conventional office space. There is no capital expenditure requirement yet a robust infrastructure providing all of the facilities a company requires is available to utilise.

If you consider a conventional lease:

Capital Expenditure:

  • Office fit out: The Office needs to have carpets fitted, walls decorated, kitchen etc.
  • Office furniture: Desk, chairs, cupboards
  • Telecommunications infrastructure: PABX, telephones, phone line
  • IT Infrastructure: Network infrastructure, internet connectivity
  • Meeting Rooms: Video/ Audio conference equipment, multimedia capability for presentations, furniture
  • Professional fees: Professionals to install/configure the items listed above
  • Dilapidation Costs: A leased office space usually has a requirement to return the office as it was delivered i.e. with all infrastructure / fit outs removed. This can add significantly to costs when vacating a premise
  • A conventional lease usually requires a significant deposit which can tie up capital

A serviced office typically provides all of the above for zero cost.

Monthly Overheads:

  • Office Rent
  • Rates
  • Maintenance
  • Repairs
  • Utilities
  • Cleaning
  • Reception staff
  • Administrative staff
  • Building insurance
  • Mail handling
  • Telephone answering
  • Security
  • Conference / meeting coordinator
  • Rest areas
  • Kitchen facilities
  • Catering facilities
  • IT support

All of the items above need to be dealt with by members of staff. A serviced office typically provides all of the above for a simple single monthly payment which can reduce administrative staff overheads. There is also no need to spend money on receptionists or meeting coordinators as these services are provided.

Scalability/flexibility:

  • A serviced office is easily upsized to a larger office with minimum expenditure
  • A serviced office is easily downsized to smaller office with minimum expenditure
  • A serviced office does not typically involve solicitors expenses that are usually associated with a conventional lease
  • No long term rental commitments typically associated with a conventional lease
  • A conventional lease can have long lead / setup times before being able to utilise the premises

In these uncertain financial times, flexibility is the key to economic prosperity. A serviced office can allow organisations to expand and contract as circumstance require with minimum overheads.

This is why we believe that a serviced office is the right choice for so many companies. It frees up precious time and capital resources to be utilised on growing the business rather than cover overheads while ensuring you remain flexible to grow and contract with a minimum of overhead as economic conditions dictate.

OfficeSpace.com.cy offers a wide range of professional services including Serviced Office space in the heart of the Nicosia CBD and a Virtual Office service. For more information contact us with your requirements and we’ll call you back or call us on +357 2226-8300 or email us at enquires@officespace.com.cy.

Contact Details

BIONIC Building
2nd Floor
3, Diomedous Street, Strovolos
2024 Nicosia,
CYPRUS



Postal Address:

P.O.Box 22783
Nicosia
Cyprus
CY-1524
Tel + 357 2226 8300
Fax + 357 2258 6900
Email enquiries@officespace.com.cy

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