In a traditional office lease, you pay business rates as a separate bill — typically £3,000-£8,000/year for a small office. In a serviced office, they are included in your monthly fee.
How It Works
The serviced office provider holds the commercial lease and pays business rates on the whole building. Your monthly fee covers your share. You never see the rates bill, never deal with the Valuation Office, and never worry about revaluations.
How Much You Save
A small office in Leeds (rateable value £10,000-£15,000) attracts annual rates of approximately £5,000-£7,500. That is £416-£625/month on top of your rent. In a serviced office at your chosen provider, it is included in your £595-£1,895 monthly fee.
For the full cost comparison, see serviced office vs traditional lease and serviced office vs city centre.