The main advantage why many businesses chose to take space in a serviced office is flexibility it gives them. Conventional leases, which typically last for 5 or more years, tie businesses in to their office; which means that if during the term of the lease, their space requirements change - whether they need to expand or downsize - they are unable to adjust without incurring significant costs, administrative issues or delays.
By contrast, in a serviced office licensees are able to expand or downsize within a short period time (at warwick mill this is 3 months); this flexibility being increasingly important in today's economy.
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