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27 Jan 2025

Save with serviced offices: preparing for rising costs

Save with serviced offices: preparing for rising costs

Arena’s serviced offices provide a practical solution to these challenges, delivering flexibility, predictability, and cost savings so you can prepare for rising costs. 

As businesses across the UK and Northern Ireland grapple with rising operational expenses, two major factors are driving costs higher: the planned increase in the minimum wage and changes to National Insurance contributions. 

Together, these challenges are significantly raising the cost of employing staff and leaving employers searching for ways to reduce other overheads.

1. Flexibility

Higher minimum wages and increased National Insurance contributions demand careful cash flow management, particularly as businesses navigate uncertain times. 

Arena’s serviced offices provide the flexibility to scale your office space up or down as your needs evolve. This adaptability not only helps allocate resources more effectively toward employee costs but also ensures your workspace can adjust seamlessly to workforce changes - avoiding the penalties and delays often associated with traditional leases. 

2. All-inclusive pricing

When labour costs rise, controlling variable expenses becomes even more critical. Arena’s serviced offices simplify budgeting by offering all-inclusive pricing. Your monthly fee covers essentials like rent, utilities, internet, cleaning, tea and coffee and maintenance.

This predictability provides a stable foundation for handling wage and National Insurance increases. It also reduces your administrative burden, as Arena’s team handles operational tasks, allowing you to focus on growing your business and supporting your team.

3. No upfront costs for office setup

The increasing costs of wages and National Insurance often leave little room for additional investments. Traditional office setups require significant capital for furniture, IT infrastructure, and personalisation. 

With Arena Offices, your space can come fully equipped with office furniture. You’ll have access to the on-site meeting rooms with the latest technology and make full use of the shared facilities throughout the centre.

4. Attract and retain talent

As wages rise, employees expect more than competitive pay - they want exceptional workplaces. Arena’s serviced offices deliver stylish working environments designed to attract and retain top talent.

With features like double-height receptions, fresh-air systems, collaborative breakout areas, and fully equipped kitchens, our workspaces promote productivity and wellness. Thoughtfully crafted by award-winning architects and designers, these spaces help you reduce staff turnover and elevate workplace culture without costly renovations or other expenditures. 

5. Networking opportunities

Serviced offices like Arena’s aren’t just cost-effective - they’re also hubs for networking. Sharing a workspace with other businesses creates opportunities to network, form partnerships, and explore cost-saving collaborations.

These connections can help you uncover new revenue streams or efficiencies, offsetting the financial pressures of increasing overhead costs. 

The Arena difference

Arena Offices offers a smart, flexible solution to manage these rising expenses while maintaining productivity and employee satisfaction.Experience the Arena difference. Get in touch with our friendly team today and see how we can help your business save and succeed.