Cost comparison calculator
Compare the cost of a conventional office to that of a serviced office. Many people are under the impression that serviced offices are more expensive than traditional office space. This simple cost comparison tool will demonstrate just how cost effective serviced offices actually can be even for large companies. | | | ||||||||||
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Option 1: The Traditional Office With traditional offices, you basically get an empty space, which you have to fit-out and equip. Rent is generally exclusive of rates and other charges. We can then analyse that space in terms of office space and other space, not directly connected to office use: |
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| SPACE | SQ.ft. | COSTS | £'s/SQ ft. | |||
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| Total Space: | x | Total Costs: | £80 | |||
| Total (1) | £118,000 | |||||
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Option 2: The Business Centre With a serviced office in a modern business centre, costs are simpler to see, since all services are fully-inclusive, and only occupied space is paid for: |
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| Fully inclusive rent: | £4,250 | |||||
| Total (2) | £57,000 | |||||
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Total cost savings of using serviced
offices Putting the two together, we can derive the cost-saving or otherwise of serviced offices vs. conventional office space: |
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| Traditional office cost: | Total (1) | £118,000 | ||||
| Serviced office cost: | minus Total (2) | £ 57,000 | ||||
| Total savings (p.a.) | £61,000 | |||||
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