A serviced office is an office or office building that is fully equipped and managed by a facility management company, also known as an office provider , which then rents individual offices or floors to other companies . Serviced offices, also referred to as managed offices , flexible offices , business centers , executive suites or executive centers , are often found in the business districts of large cities around the world. A serviced office broker will commonly help business center owners and facility management companies to rent serviced office space. Companies offering serviced offices are generally able to offer more flexible rental terms, as opposed to a conventional leased office which may require furnishing, equipment, and more restrictive leases. Space is normally flexible, allowing for additional space to be allocated at short notice, should the size of an individual business change. Serviced office providers often allow tenants to share reception services, business machines and other resources, providing reduced costs and access to equipment which may otherwise be unaffordable. By providing businesses with access to a workplace, technology and people central to its operations, the serviced office can be considered a type of virtual office . Serviced offices are a central component to the flexible workspace industry.
14-751: The Toronto Club is a private members' club in Toronto , Ontario, Canada. Founded on March 20, 1837, it is the oldest private club in Canada, and third oldest in North America. The clubhouse, located at 107 Wellington Street West (at York Street), was designed by Frank Darling and S. George Curry in 1888 and opened in 1889. The building had additions and alterations between 1911 and 1912 by Darling and Pearson . The building mixes different architectural styles and marks an important transition in Darling's career. The clubhouse
28-599: A business report carried out by the Business Centre Association (renamed the Flexible Space Association in 2019) showed that serviced offices in the UK are using 70 million square feet of space, house around 80,000 businesses, provide over 400,000 jobs and generate in the region of £2bn to the UK economy. Coworking spaces are a branch of serviced offices that add elements of collaboration and community to
42-465: A cocktail lounge, business centre and five private dining rooms. The Club provides reciprocal privileges with a collection of clubs in the United States and Europe. The Club offers its members a programme of special events including: wine dinners featuring rare wines from its extensive cellar; regularly scheduled wine educational events; annual art dinners; an Annual Black-Tie Members’ Dinner at which
56-841: A different distinguished member is honoured each year; high-profile guest speaker events; and a Christmas Buffet Luncheon. This Toronto -related article is a stub . You can help Misplaced Pages by expanding it . Private members%27 club Private members' clubs are organisations which provide social and other facilities to members who typically pay a membership fee for access and use. Most are owned and controlled by their members even to this day. Some were originally gentlemen's clubs to which members first had to be elected; others are more modern commercial establishments with no class or gender bar, typically offering food, drink, comfortable surroundings, venue hire and business facilities, in return for members paying subscription or membership fees. The first gentlemen's clubs, mostly established in
70-589: A distinctly corporate feel. The advances in computer technology during the 1980s reduced the amount of staff required to operate a serviced office, and increased the technologies a serviced office could offer its clients, including access to computers , voicemail , and fax machines . Richard Nissen founded Business Space Ltd. in London in 1980 and was a pioneer of the new digital exchange telecommunications system that used electronics to place and transfer telephone calls. Now primarily virtual offices offering businesses
84-466: A place, people and technology, serviced offices became an industry. Seminal reports on the industry were carried out by DTZ in the early 2000s, and published with the British Council for Offices. The National Audit Office of the UK has produced a guide to help Government Departments and public bodies to assess the case for flexible managed space instead of conventional office space. In November 2014,
98-829: The Groucho Club (established in 1985), Soho House (1995) and Home House (1998); similar clubs operate in other cities and countries: for example, the CORE Club was established in New York City in 2005. These typically offer memberships by subscription and are owned and run as commercial concerns. They offer similar facilities such as food, drink, comfortable surroundings, venue hire and in many cases accommodation. Mobile working (using phone and email) had put pressure on traditional London clubs, some of which discouraged use of mobiles and laptops, or discussion of business matters. By contrast, business-oriented private members' clubs combine
112-657: The West End of London from the late 17th century onwards, were highly exclusive, offering aristocratic and wealthy men a refuge from work and family. The eligibility of potential members depended on their class and gender, with women banned from joining any of them. Early clubs also provided an environment for gambling, illegal outside of members-only establishments. Individuals needed to be formally proposed for membership, and candidates were subject to election by committees which scrutinised individuals' character and suitability. Several private members' clubs for women were established in
126-572: The 1960s, with the creation of OmniOffices in 1962, followed by the launch of Paul Fegen's furnished law suites for attorneys in 1966. The concept then spread abroad to Australia, where Alf Moufarrige founded ServCorp in 1978, and to the U.K. where the Fuchs family launched a business center in Northampton, England, in 1979, which is still open under their family brand OSiT (Office Space in Town Ltd). During
140-476: The 1980s, serviced offices in the major US business cities, evolved from law suites into business centers. In the United Kingdom, the concept of working together and sharing premises, staff and other overheads was at first primarily used by barristers . They normally band together into "chambers" to share clerks (administrators) and operating expenses. Some chambers grow to be large and sophisticated, and have
154-762: The late 19th century; among them the Alexandra Club , the Ladies' Institute, the Ladies' Athenaeum and the University Women's Club . Many of the traditional gentlemen's clubs now allow women as members, though a few, including - until May 2024 - the Garrick Club in London's Covent Garden , still refuse women membership. More modern but otherwise similar private members' clubs have since been established. Most of these, however, are for-profit commercial enterprises neither owned nor controlled by members. London examples include
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#1733084556595168-399: The style, food and drink of a contemporary private members' club with the business facilities of a serviced office or coworking space. Notable examples of private members' clubs include: This organization-related article is a stub . You can help Misplaced Pages by expanding it . Serviced office Pioneers of the serviced office industry in the United States are recorded as early as
182-417: The workspace. The term was coined by Bernard de Koven in 1999 and has since become a popular trend for start-ups and international satellites. Clients of serviced office facilities fall into the following categories: Services typically include: Facilities typically include: Serviced offices may offer benefits over conventional offices for new or dynamic businesses, including: A serviced office broker
196-576: Was recognized as a heritage property by the City of Toronto in 1984 and by the Ontario Heritage Foundation in 2002. Membership at the Toronto Club is by invitation only and is completely gender-neutral. The Club is strictly for members and their invited guests. The clubhouse is a 40,000 square foot, three-storey building. The facilities include four lounges, two à la carte dining rooms,
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