A serviced office is an office or office building that is fully equipped and managed by a facility management company, also known as an office provider. Serviced offices are often found in the business districts of large cities around the world. A serviced office broker will commonly help business centre owners and facility management companies to rent serviced office space. Serviced offices can offer more flexible rental terms than conventional leased offices, allowing for additional space to be allocated at short notice should the size of an individual business change.