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What is a serviced office? A look into Canary Wharf’s office spaces
At Canary Wharf we have a variety of office spaces available to suit different types of organisation as well as the different stages of business growth and development. Amongst them are our serviced offices, available in two key categories to support start-ups, scale-ups and established global enterprises that want to hit the ground running from the first day they step into their space. From bespoke design to ready-to-work spaces, here’s what serviced offices look like in Canary Wharf.
What are serviced offices?
Serviced offices are fully furnished spaces that are ready for use as soon as you step into them. All the facilities and services you need are provided and managed by the property’s owner/operator, such as Internet access, phone systems, reception support, cleaning services and waste management.
You may also find that the leasing terms are more flexible with serviced offices, allowing you to scale or downsize your space according to the needs of your business. This is distinct from more traditional office spaces, which typically only involve long-term leases and leave the supply of most or all services to you and your team to organise.
What is included in serviced offices?
- Shared/ additional meeting rooms
- Managed facilities such as a kitchen area, Internet, staffed reception area
- Flexible lease terms
- Facilities such as printer, copier, air conditioning, broadband, seating, and conference call equipment
- Cleaning and waste management
- Office furniture
- Parking or bike storage
Benefits of serviced offices
Serviced offices are extremely popular for businesses of all sizes, because they allow you flexibility to grow, as well as the opportunity to enjoy beautiful spaces and a high standard workplace experience without the management responsibility. As a result, you can get on with the job of running your business while an expert in office management handles the rest. At a Canary Wharf serviced office in particular, we aim to take those benefits to the next level.
Key benefits include:
Flexibility
With serviced offices there tends to be more flexibility when it comes to lease options. This is enormously beneficial to growing businesses, allowing you to plan for expansion without having the upfront cost of space you’re not currently using. For example, you might take up a few desks in a shared office space on a short-term basis and later upgrade to a full floor and a longer-term lease in the same building.
Cost-efficiency
The cost-efficiency of serviced offices is a big part of their appeal. For starters, there’s the ability to only take up the space that you need, rather than paying for space you think you will need in a year’s time. However, there’s also cost efficiency in having shared facilities (such as kitchens) and managed services without the set-up fees, lengthy contract commitments with separate suppliers, and the time cost of setting it all up individually.
Prime location
Serviced offices, particularly in the context of Canary Wharf, usually give you the option to take up space in a prime location on a much more reasonable budget. The nature of serviced buildings, whether you’re taking up one desk or a whole floor, is that their cost efficiency allows businesses of all sizes to occupy spaces in coveted parts of London. This places you in the heart of major financial districts and business hubs, with proximity to excellent transport links and amenities, appealing to employees and clients as well as providing superb networking opportunities.
Professional services
Serviced offices mean that all the professional services you need are already provided, from access to meeting rooms and reception support to IT. If you’re a smaller organisation then that may mean you have more amenities at your disposal, and therefore present to clients on a grander scale; it also delivers a more enjoyable workplace experience for you and your team, without the hassle of managing those individual elements.
Networking opportunities
When you opt to work in a serviced office, you join a community of like-minded professionals and businesses. They may be in similar or contrasting fields of interest, but either way it provides opportunities to meet, greet, discuss and generate serendipitous connections to support the growth and success of your organisation.
Is a serviced office right for your business?
Serviced offices in Canary Wharf are excellent for all types of business. They are especially appealing to freelancers, start-ups, scale-ups and boutique organisations with smaller teams because of their flexible, cost-effective, easy-to-use nature. However, serviced offices can also be extremely beneficial to larger corporations as well.
Start-ups and SMEs
Serviced offices are great for start-ups and SMEs because short-term leasing options allow for low levels of initial investment, as well as the flexibility to scale as the company grows. For example, at our Level39 tech community space you can start by hot-desking, gradually taking on more space as needed until you have your own dedicated office area. If you need to, you can also scale back down as well.
Large corporations
For large corporations, serviced offices that offer customisable workspaces, delivering everything you need from fit-out to managed services through an experienced, single point of contact is ideal. This allows for a reliable, fuss-free but personalised approach, that ensures you get exactly what you need for your organisation. For example, with our MadeFor: service we fit out our Canary Wharf office spaces on behalf of occupiers, manage the buildings and provide the option for facilities management as well, all through a single, simple offering.
Freelancers and remote workers
A world where many people now work remotely or on a freelance basis, has raised the question of how people access a dedicated workspace or the camaraderie of an office environment. For many of us, having somewhere to go to meet clients, separate work and home life, and enjoy the professional facilities of a high quality workplace are integral to professional wellbeing and success. Serviced offices with hot desking options, like our Level39 community are perfect.
International businesses
International businesses can enjoy the full spectrum of serviced office benefits. For those seeking to set up a brand in a prestigious location with the flexibility of monitoring success for growth, taking up a number of desks is a great option. Equally, if you have a larger team and are looking for a bespoke space to suit your needs, the all-inclusive, experienced nature of our MadeFor: service allows for easy, trustworthy setup of your office through remote communications.
Serviced offices in Canary Wharf
At Canary Wharf Group we offer fully-serviced office spaces in two main categories: our Level39 tech community, as well as dedicated office spaces that are custom fitted through our MadeFor: service.
Level39
Our Level39 incubator space is a popular community offering hot desking, shared office spaces, co-working offices and short-term flexible office leases. It features two floors of small business office rental space for 20 to 50 people, largely in the technology sector. The result is a connected community of entrepreneurs with companies across fintech, security, cryptocurrency, health tech and life sciences.
Features include:
- A prime location in the iconic One Canada Square
- Access to Canary Wharf’s ecosystem curriculum of mentoring and investor hours, meet-ups, marketing support and events
- Hot desking and office space options
- Access to the boardroom for up to 20 people
- An on-site cafe with resident barista
- Communal games room
- A variety of shared working environments
Find out more about Level 39
https://level39.co/workspaces/office-space/
MadeFor:
MadeFor: is ideal for businesses that are scaling up or larger organisations. Bringing together all of our expertise in one customisable package, we fit out Cat A or Cat B office spaces to your specifications, manage the building and provide the option for facilities management. It makes management, communication and moving easier, and gives businesses the option to take up a whole floor, part of one, or, when you reach a critical mass that requires up to 100,000 square feet, you might look to occupy multiple floors in one of Canary Wharf’s buildings.
Features include:
- Stylish workspaces that are ready for you to move into
- Transparent and flexible leases
- Fully fitted and managed space
- Terms that suit your business
- A choice of iconic buildings in a bustling neighbourhood
- An ecosystem of surrounding amenities
- A connected community
- Sustainability built in
- Cleaning and management services
- Tea and coffee always on hand
- High speed Wi-Fi and IT services
- Efficient handling of repairs and maintenance
Find out more about MadeFor:
https://offices.canarywharf.com/madefor/
Find out more about Canary Wharf’s serviced offices
https://offices.canarywharf.com/serviced-offices/
- ecosystem of surrounding amenities: https://offices.canarywharf.com/work-life-balance/
- https://level39.co/
- https://offices.canarywharf.com/madefor/
- https://level39.co/workspaces/office-space/
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