Serviced office (known as executive suites in the US and Canada) is an office, or entire office building managed by a professional management company, which then leases out individual rooms or work stations to other companies. Most serviced offices offer office furniture, telecommunication facilities, shared reception area, time-shared meeting room, utilities (electricity, water, heating), cleaning services at all inclusive cost.

Serviced offices offer great flexibility – flexible leased term, space and no setup cost.

• No / low start up costs
• Prestigious addresses
• Flexible lease term
• Flexible space
• Immediate repair and maintenance
• Immediate availability
• Support staff available as needed, pay as you use for internet, telephone calls and fax, meeting rooms and secretarial support

• Serviced offices often give a "start-up" or "quick exit strategy" impression
• Higher monthly cost than conventional leased office
• Potential hidden costs