Serviced Offices are ready-to-move in offices equipped with all facilities and services necessary to operate a business from day one. Serviced offices are generally able to offer more flexible rental terms, as opposed to a conventional leased office which may require furnishing, equipment, and more restrictive leases. Space is normally flexible, allowing for additional space to be allocated at short notice, and allows one to rent individual cubicles to whole floors. Facilities and services are often shared to reduce costs. Typical facilities include, but are not limited to, conference rooms, meeting rooms, and lounge areas. Virtual offices are also often available through serviced office providers.