What does Virtual Office mean?
A virtual office is a combination of off-site live communication and address services that allow users to reduce traditional office costs while maintaining business professionalism. Frequently the term is confused with “office business centers” or “executive suites” which demand a conventional lease whereas a true virtual office does not require that expense.
What does Serviced / Instant Office mean?
Serviced Office is a service which offers location and equipment, rent ready and fully equipped offices and meeting rooms, which is to rent immediately, by an hour. Most of the offices are offered in attractive locations, which aim to raise the prestige of the service. In Instant office everything is set up for the start of doing business. Access is ensured to meeting or conference rooms and other facilities, including video conferencing and teleconferencing furthermore reception, mail handling, courier banking official, rental telephone and fax numbers and e-mail.
What is a Sublease Office and what are its advantages?
Tenants often measure poorly their own space requirements, which may change significantly due to the effect of the current economic situation or the strategy of the mother company. When bigger office spaces are released the best solution could be to sublease. At the same time it is worth to know that circumstances of subletting are often controlled and conditioned by the owner.
In Western Europe the sublease rent practice is more popular than in the Central-Eastern European countries.
The sub-lessee can take advantage not only from the favorable price but also of not having to commit themselves for at least 5 years in this uncertain market environment but only until the end of the remaining rental period. This is a great opportunity for those small businesses who do not want to commit themselves for a long period.
It is important to know that unlike the general office market offers, these sublease possibilities are not publicly advertised but are only available through real estate brokers and advisers. The advisers, having extensive market knowledge, help to find the balance between the sub-lessor and subtenant, creating favorable contract conditions for both parties.