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Office space terminology which is made easy to understand.
Negotiating an office move for the first time can be daunting, particularly if the terms used can appear perplexing when discussing the parameters of the deal.
The first part of the list can be read here and below is the second instalment of the useful guide to office space speak.
Once these guides to office space have been read there then it should be less stressful when communicating with others about office space terminology.
Workstation: Often a desk comprising a phone and internet access.It is often used only by one person.
Lease agreement: Normally signed for three years or more, lease agreements usually involve the assistance of estate agents and offers far more structure than your average executive suite office agreement.
Licence Agreement: Flexible and simpler when compared to a lease agreement, licensing agreements are used for a short variety of time and are ideal for office agreements.
Managed Office: Will usually come with fewer options than serviced office space. Managed office space can also be used to lease over shorter periods.
Open Plan Offices: Essentially these are undivided offices which often include smaller offices for meeting rooms and spaces for if requiring a break.
Shared office space: Office space shared by two or more businesses, either because they have been newly formed or because the business wants to expand but do not have the resources yet to fully commit to the move.
Virtual office: Can range from a simple mail box or postal address through or can be referenced in relation to meeting rooms, secretarial services and other administrative tasks.
