A serviced office space is an office that is provided for and is equipped by a facility management company. The services provided may vary amongst different providers, but generally include specialized office space (conference rooms, working space, etc.), utilities, IT infrastructure and various office equipment.

In general, serviced offices aim to provide all the necessary business facilities in a bundle and in a ready-to-use state, removing the need for preparations and setup procedures. Depending on the provider, a serviced office may be rented out on different conditions for payment and the use of equipment:

Facilities and equipment may be rented out together for a fixed payment that covers the majority of equipment and services or each article may be rented separately, making the price policy more flexible
All the equipment may be rented out to a single business for exclusive use by the employees of the business or it may be used within a common space, shared by other companies renting out serviced office space in the same business center
Serviced office advantages
Serviced office advantages are numerous and can be roughly divided into the following categories:

Convenience;
Business presence
Economic substance