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What is a Business Center?

This is probably the fastest growing and most exciting sector of the market today. The rate of growth of the serviced office market has been nothing less than explosive over the past few years.

Serviced Offices are a total solution in the sense that they are fully fitted and furnished, ready for immediate occupation. The office operator takes responsibility for all of the services to the office and, in addition, provides a range of business services including reception and telephone answering services, secretarial support, conference and meeting facilities and high speed internet access.

Whilst costs may look high initially, the rent that you pay includes almost all of the costs that you would normally expect to pay on top of rent in a traditional office. There are no additional costs for business rates, lighting & power, security, cleaning, building & plant maintenance, elevators, insurance etc. The only additional costs, on top of rent, are for telephone/internet usages which are normally charged at standard rates.

Neither are there any charges for furnishings which are normally the latest workstations with chairs, filing systems and tables for meeting rooms. This is usually a significant cost for any occupier and is included in the serviced office rent. Almost all serviced offices are fully fitted out with wiring for computer networking.

A major difference between serviced offices and traditional offices, which is one of the main reasons for deciding to use them, is the length of the lease. A serviced office lease may be as short as 3 months, or more typically 9 or 12 months. This is very different from the 3 year lease normally associated with a traditional office and gives many organizations the much needed flexibility to shrink or expand as their business dictates.

 
Who uses a Business Center?

A huge range of organizations are electing to use serviced offices today. Don’t fall into the trap of thinking that these are only small businesses, or that the space being offered is "back-street" stock – this could not be further from the truth in today’s market.

Flexibility is one of the key drivers that persuade an organization to use serviced offices. Many new, but not necessarily small, businesses cannot accurately predict their headcount figures over a two or three year time span. These companies take flexible leases in serviced office buildings where they will be able to take additional space when it is needed. A traditional office may feature in the next stage of their property strategy, but for the time being they don’t want large overheads with high set up costs.

Existing businesses are beginning to make use of serviced offices as a part of their property strategy. Short term project work may call for short term offices, or maybe the traditional property market is so overheated that many companies cannot find the offices that they need. In these cases the serviced office market comes to the fore – flexible solutions at fixed prices.

In addition there are many companies who have decided that they want to reduce their exposure to property. Real estate often consumes capital and time that could be better invested in a company’s core business. Serviced offices virtually eliminate real estate capital expenditure and leave property management headaches to the property owners.

 
Benefits of Business Center
  • Your Own Executive Chamber
  • Professional Reception Team
  • Office Administration Team
  • Office Supplies and Furnishing (Offices are Fully Furnished)
  • Message Forwarding via SMS, Email, Personal calls, Fax
  • Biz.Port Business Center Address - the most prestigious in Ahmedabad.
  • Your Own Phone Number
  • Meeting Room
  • Fully Equipped Furnished Conference Room
  • Printing and Photocopying
  • Decide your own lease
  • Totally Flexible terms
  • Latest Technology
  • High Speed Internet Access
  • Postage & Couriers
  • Dry cleaning
  • Pantry Facilities - Fully Equipped Pantry

One of the biggest attractions of a Business Center is FLEXIBILITY. You don't need to sign a long lease when you don't know how fast your business may expand or contract in the future. If you need more space you can just expand within the building you have chosen, almost overnight, and you only have to pay for what you use

Business Centers should no longer be thought of as a "back room" option. Some years ago a Business Center suggested that you weren’t big enough, or successful enough to have a “real” office. Now a company that uses Business Centers projects the image of an organization that is on its toes and is moving with the times.

Large multi-national corporations are using Business Centers more and more. They see the importance of having some flexibility for expansion and contraction within their real estate portfolios. These companies have learned some painful lessons in past years, finding themselves responsible for office space that they aren’t using any more. They have been unable to divest themselves of all of the associated costs of these surplus offices because of long lease commitments. Business Centers have provided the perfect solution for these companies in the future.

There is also an increasing trend for Business Center operators to offer unbranded offices which means that your visitors have no way of knowing whether you are using one office or fifty in the building.

 
What do Business Centers Cost?

The rent that you will be charged is a fully inclusive rent and will normally include rent, property taxes, furnishings, maintenance, air conditioning, lighting, cleaning, security etc. In addition there are two very significant extras that are provided free of charge – time receptionist and telephone answering services. In most cases the only additional costs are for telephone and internet charges and meeting room charges if you need them. In addition you can choose to use secretarial services if you wish although not all centers will offer these.

Within a city there will be a wide range of price options dictated by location, quality, and the range of additional services offered. Even within one building the prices will vary according to the size of the office, number of windows, location within the building etc. In addition, costs will vary according to the length of lease – discounts are normally offered if you will sign for 12 months or more.

 
COMPARATIVE BENEFITS
BIZ PORT OFFICE BUSINESS CENTER OWN OR RENTED OFFICE
  1. No time, money or effort to locate broker and negotiate deal
  2. No brokerage fees
  3. No huge deposits
  4. No need to furnish as all Biz port offices are well furnished with latest infrastructure
  5. Less deployment of funds in office space enables one to concentrate saved deployment in business which could lead to decreased gestation period
  6. Ideal to enter and exit from any market or city market
  7. No legal complications and delay
  1. Need to locate broker and look out for good raw furnished space leading to waste in time
  2. Huge brokerage fees
  3. Huge deposits usually one year’s rent
  4. Need to purchase furnished in case of raw space or redecorate exiting furnished space
  5. Huge amount incurred in deposits and furniture and profits roll out after many years.
  6. No flexibility due to investment in space
  7. Lots of legal and administrative issues
 
 
 
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