Office Space Jargon - A Quick Guide to Help You Find the Right Office Solution

There’s a lot of terminology in the office sector that can leave you scratching your head. It all sounds very similar, after all. If you’re trying to find a specific solution for a specific need, the following definitions will help point you in the right direction:

Serviced Office - A serviced office is an office or office building that is fully equipped and managed by a facility management company, which then rents individual offices or floors to other companies. Serviced offices, which are also referred to as managed offices, business centers, executive suites or executive centers, are often found in the business districts of large cities around the world. [1]

Virtual Office - A virtual office provides communication and address services for a fee, without providing dedicated Office Space. It differs from "office business centers" or "executive suites", which do provide physical office space and/or meeting rooms. [2] Take a look at Business District’s Virtual Offices.

Coworking Space - Coworking is a style of work that involves a shared working environment, often an office, and independent activity. [And so, a coworking space is] unlike in a typical office environment; those coworking are usually not employed by the same organization. Typically it is attractive to work-at-home professionals, independent contractors, or people who travel frequently who end up working in relative isolation. [3]

Hot-Desk - Hot desking is an office organization system which involves multiple workers using a single physical work station or surface during different time periods. The "desk" in the name refers to an office desk being shared by multiple office workers on different shifts as opposed to each staff member having their own personal desk. [4]

Executive Suite (or “Business Center”) - An executive suite can … be a set of individual offices sublet from a larger suite of offices. The executive suite proprietor rents entire floors (or buildings) and leases the smaller office spaces or workstations to businesses that don't need, or can't afford, large space.Some executive suite landlords offer additional services. [5]

Meeting Rooms - Professional spaces that allow business people to meet with privately clients and/or colleagues in a public space. Commonly, this space is furnished with conference room tables, chairs, and large-screen televisions that can be used for presentations. Is a Meeting Room at Business District perfect for your next meeting?

Hopefully, these terms and their definitions will help clarify what exactly it is your business needs. Business District offers many affordable and convenient office packages. Contact us today to find out more!