It has been in practice that the service provider usually increases the cost of individual item suddenly by giving some excuses or the other.

There’s the disadvantage of uniform offices. The business centres differ from transformed buildings to built for use properties, some are full of conventional features or offer original, unique space, however some built for purpose centres can suffer from being rather consistent with offices that are all the same.

There can be instances where the maintenance and services can be delayed due to involvement of three parties (owner, service provider and lessee).

If there are any overhead expenses on some items of daily use, it can be a matter of tussle between service provider and lessee. It can be expensive long term – although the prices of serviced offices can save money on the short-medium, serviced business centres can prove expensive when renting in the long term

In the case of serviced office space, the tax benefit or extra overhead, which is being availed by most of the middle-level Indian companies, will not be available to them (lessee).

On many occasions, serviced office spaces come fully branded with the signage of the brand, which is handling the space, thus making it obvious that the space has been either shared or rented business centre.

Finally, the most important issue is that the concept is yet to catch up India as maximum business people either opt for their own space or prefer to rent space with their own terms and conditions. l

... contd.