The importance of flexible office space during difficult times

The type of offices managers choose for their firms depends on a range of factors. As well as thinking about issues like price, location and facilities, bosses have to consider the lease terms. During periods of financial and business turbulence like the UK is experiencing now, it can be particularly important for companies to benefit from flexible agreements.

To help ensure they have the necessary room to manoeuvre, many managers are taking advantage of serviced offices as opposed to more traditional premises. It is often possible to rent serviced office spaces on shorter leases. This means that if companies experience unexpected rises or falls in demand for their goods or services, they can react faster.

Figures published by the Federation of Small Businesses (FSB) earlier this year drew attention to some of the challenges facing companies. It noted that seven in ten small firms it polled had introduced new or improved products or services over the previous two years, but the economy was still preventing six in ten from achieving growth.

Commenting on the statistics, FSB national chairman John Walker said: “With businesses confidence at a low, it is not surprising that the state of the economy is seen as the biggest obstacle to achieving growth over the next 12 months.”

By being savvy in their choice of serviced offices in Manchester or elsewhere, managers may be able to make their lives a little easier. Thankfully, there are plenty of premises available for them to choose from, including offices on short-term leases.