What is the cost of renting a serviced office in Singapore?
Cost of renting a serviced office in Singapore So, what is the cost of renting a serviced office in Singapore? Well, there is no definite answer to your question. There are lots of factors that contribute to the price of a serviced office in Singapore. Some of them include the locations of the office, the facilities in it, and other additional benefits attached to using the office. Therefore, in this article, we shall critically examine the various categories of serviced offices in Singapore and the average cost of using them. A General Overview of Serviced Office Price in Singapore The average cost of acquiring a fully furnished serviced office space in Singapore stands between SGD 400 to SGD 1500 per person per month. There can be some extra charges or fees for using additional facilities like land phones, internet Wi-Fi, parking space, lounges, receptions, kitchen and others. Classification of Serviced Offices in Singapore Serviced office spaces in Singapore can be broadly classified into three grades based on their qualities and features. These categories are identified below using Grade A, Grade B, and Co- working Offices. 1. Grade A Offices Simply put, Grade A offices depicts superiority as well as quality offerings. Offices in this category are usually situated in most highly sought after and luxurious locations of the country. The buildings of Grade A serviced offices are usually well-maintained with a outstanding architectural landmark. Thus, the general outlook and view of Grade A offices are gorgeous and appealing. Most Grade A office buildings are located in important financial hubs like Marina Bay Financial District ( MBFC) , Raffles Place and Tanjong Pagar. Grade A office buildings typically are less than 5 years old and have very large floor plates and very high specifications such as raised flooring and strong fibre optic connections. Most important of all it carries a very prestigious address that gives it a strong corporate image to companies , especially Multi-nationals and companies in the financial industry. What do you stand to enjoy in Grade A offices? As a user of a Grade A serviced office, you can get access to several premium amenities like super-fast internet connections, coffee and tea, and gym/relaxation activities. More so, Grade A serviced offices are of international standard and are recommended for high-profile companies and firms. The average cost of leasing a Grade A serviced office in Singapore is SGD 1000 to SGD1500 per person per month. 2. Grade B Offices The cost of renting a Grade B serviced office in Singapore is relatively lower than that of Grade A serviced office. Statistically, it is about 20 – 30 % cheaper than Grade A office spaces. The quality and superiority of Grade B serviced offices are good too but not at the same level as Grade A offices. Grade B serviced offices are located in fairly premium locations which can be the same or near to the same locations as Grade A office buildings . The design and structures of the buildings can be those of 10 years ago and therefore may lack the lush and modern view. However, Grade B offices are still perfect for companies that need good quality office space and do not require a really prestigious address. The average cost of renting a Grade B serviced office in Singapore is SDG 700 to SGD 900 per person per month. Co-working space Another form of flexible serviced workspace in Singapore is co-working space. Co-working spaces are a hybrid of private offices and open plan desk space whereby you share a common table and facilities with other persons or group of persons. To some extent, a co-working space has its own unique benefit and advantage. For instance, if you run a startup or freelancing setup, using a co-working facility allow you to network yourself with a number of individuals who need or can help your setup. The private offices within a co-working facility is not any different of that in a serviced office. The average price of a desk in a co-working facility range from $250 to $700 , depending on its type ( dedicated or flexible ) , location and facilities provided. The average serviced office price in Singapore The average price of renting a serviced office in Grade A office building in Singapore depends on the category of such facility. In the Marina Bay Financial Centre MBFC or Raffles Place district, for instance, you can get a decent office for 2 persons at around for around SDG 2000. These kind of offices are well- furnished and contain all essential features like security, lounge, boardroom, showers, and internet connection. An Grade B office in Tanjong Pagar area offers a competitive serviced office facility for a little over $1000 for a 2 persons office per month. Also over at City Hall or Bugis area, you can get an affordable serviced office space for an average of SDG 700-800 per person per month. The facilities in this area are well-furnished with essential amenities and administrative support, Wi-Fi, IT support, VOIP phone, reception, air conditioning, pantry, and much more. If you prefer the Western part of the country like the Jurong East, and Buona Vista, you can get a serviced office at about SDG 350 per person per month. In eastern parts of Singapore like Changi, Tampines, and Paya Lebar, you can acquire an serviced office at about SDG 450 per month per person. Basic things to consider before acquiring a serviced office for your business But what are the things you need to consider to secure the ideal serviced office for your business? Is it enough to look for offers with affordable rates? Where is the best location to get as many clients as you can? Below are the essential things you need to check before finally deciding that this particular office will represent my business. 1. Address Address is an important element if you want to stay competitive in the
Open plan versus Private office space. Which is better for your team?
Small and big business are beginning to take advantage of co-working and flexible workspaces for their businesses. Flexible workspaces give business the opportunity to easily set up and run a business within a few hours. Instead of looking for a perfect location for your business, paying expensive rents, furnishing and employing staff, co-working spaces give these features all in one. Whereas many have opt for private office space , whether its within or outside a co-working facility. Open Plan vs Private Office Space Flexible workspaces offer both open plan and private offices. The open plan allows you to share the same facilities like desk, chairs, pantry and resources with fellow co-workers or also known as members. The private office plan provides you with a dedicated office premise where only you and your team to control, manage and oversee the resources and facilities. Some major drawbacks of public/open workspaces have made many co-working space providers provide private offices for rent. Both office plans have their advantages and disadvantages. It can be tough to decide which is best for your team. Of course, choosing between an open and private office can also affect the growth of your business in many ways. In order to assist your decision-making process, we have come up with a sharp comparison between both type of offices. Open Office Plan An open office setup provides your team with any option of hot desk, fixed desk or dedicated desk. The major advantage of an open workspace is that it is exciting, fun, and lively. It opens the door of socialisation and networking with fellow co-workers. Pros of Open Office Plan Build a Community around Your Business Operating in an open plan office gives your team an opportunity to meet with fellow coworkers and form a community. Of course, by having professionals in the same field or industry , you can enhance creativity and innovation. So, if you and your team need to establish a community around your business, an open plan office is the best for you. Apart from using the facility, you also have the chance to establish a community around your business. 2. Collaborate with Fellow Coworkers Another important benefit of using an open office facility is the ability to collaborate with fellow coworkers even from different industries. In an open office set up, you can meet and establish a relationship with a complementary business that will boost your business. For instance, if you sell baby wears, you can meet a graphics designer in an open office set up who can carefully take an astonishing picture of your products. Such collaboration is vital for every team. 3. Opportunity to Network yourself Networking means you are meeting people in other industries who can link you with potential customers or partners. This is a form of mutual relationship and benefits you stand to derive from using an open office space. A fellow coworker sharing an open space with you can easily refer/recommend you to a friend or family who needs your service or product. 4. It is Cheaper Above all, an open working space is significantly cheaper than the private/dedicated one in terms of rent and amenities. More so, open spaces are more flexible and you can easily switch to another table or upgrade your space. Cons of Open Office Plan Noise The most obvious disadvantage of an open workspace is noise. The very nature of an open desk space is that every coworker tends to communicate and interact openly. This invariably means noise within the space. Although some companies are particular about a lively and cozy place, the kind of atmosphere in an open working space can sometimes be too noisy and distracting for your team. 2. Hard to build a company culture You are not able to build your desired culture, heritage, and plans for your company or business in an open workspace. You have to rely on what the environment brings rather than deciding what the environment should be. If you need to build a unique culture for your company, you should consider private offices for rent. Private Office In a private office plan, your team is provided with a dedicated office within the co-working environment where you can carry out all your transactions and activities. This space is particularly accustomed to you and you can build your desired culture within this premise. Pros of Private Office A Quiet Working Environment Perhaps, the greatest benefit of all time in private offices is a calm and quiet working environment. A private office will definitely contain only your team and none else. More so, you will be in charge of all the facilities and share with no one else. Thus, if your team needs absolute silence and decorum, private offices for rent will surely be a nice investment. 2. Absolute Control over your office Some businesses always love and prefer having their things in a particular order. Operating in a private office means that you can have everything , including design and layout according to your wishes. More so, you can customize your office and paste personalized banners and posters where necessary. All these, of course, can have a big impact on productivity. 3.It Enhances your Business Image Most clients want to work with firms and companies with high reputation and standard. Inviting a potential client to an open working space may compromise your image. Private offices tend to boost your business image and raise your standard. Its also well known that most businesses that use private offices tend to be more established or well funded, in the case of startups. 4. Desired Privacy Another vital advantage of a private working space is privacy. You no longer need to hear all those irrelevant conversations and get involved in the unnecessary mess. More so, private offices allow you to discuss
Benefits of Using Shared Offices for Recruitment Firms
Generally, recruitment is a procedure whereby a company that requires staff hires a third-party agency to select appropriate employees based on their skills and abilities. Many small businesses can easily recruit new staff by throwing a local advert in newspaper, magazines and public notice boards. However, in the case of a larger company is not the same. Self-recruitment is not usually practical with larger businesses as it is impossible to fill a large number of vacancies in a different location through in-house local advertisements. Thus, large-scale businesses rely on the services of a recruitment company or agency for recruitment. A recruitment company bridges the gap between employers and job seekers. The major aim of a recruitment firm is to satisfy the requirements of both parties. The increasing number of recruitment agencies and the reducing rate of companies’ recruitment offers have made the industry a highly competitive one. Thus, all recruitment firms are working assiduously on improving their agency outlook in other to attract more companies to partner with them. Offering a hassle-free, speedier, and easier recruitment packages are not enough to attract companies for partnership. Along with fast changes in technology, the presentation, image, and flexibility of your recruitment agency is also something you should work on. Hence, using a shared office is one of the ways to further enhance your firm’s competitiveness. Shared office space for recruitment firms Shared workspaces are a type of flexible working environment where individuals or team of individuals from different origins and work-type work in an open or semi- private office environment. Such an environment is usually owned and run by an independent operator, i.e co-working space or serviced office operator. Flexible working spaces are often rented out to tenants or members per hour, day, week, month, or any other negotiated time frame. Recruitment firms can also benefit from the growing popularity and versatility of shared offices. Discussed below are the benefits of using shared offices for recruitment firms A better first impression One of the most important tools for every recruitment agency is the power of “the first impression”. According to the popular adage, “the first impression lasts longer”. More so, it is often said that we make up our minds in the first few seconds we meet people for the first time. The same principle applies to the recruitment industry. You are trying to handle the future career of job seekers and as well hire workers on behalf of a large organisation. Thus, you need an outstanding environment to appease both parties. As a recruitment agency, you are doing critical work in convincing companies and individuals the quality of your service. However, the good work you have done via a phone call can easily be forfeited with a poor and unorganized environment. Shared working spaces, on the other hand, are well-managed and critically sanitized. Plus, the gorgeous-looking environment and well-mannered co-workers are all positive and bright convincing factors to your clients. 2. Set up quickly and easily with serviced office spaces One of the key benefits of a shared office is that you can easily and quickly set yourself up. You don’t have to start looking for an office space to rent, equip, and rebrand for your agency. Instead, all you need is to purchase a license for a serviced office space and you will be given an already-furnished office facility in a matter of hours. More so, shared offices are available in different sizes, configurations and facilities.They are usually equipped with everything you need including chairs, tables, and other office equipment that are ready to go. The ease and speed of set up are vital to recruitment firms that need to set up immediately for a particular project. 3. Opportunity to access even advanced functions Serviced workspaces come with a number of added functions that are beneficial to your recruitment firm. For instance, most shared offices have meeting/conference rooms which you can use for your interview/board meeting. Of course, one of the key parts of recruitment is having an initial candidates’ discussion. A meeting/conference room of a shared office facility can become handy in this context. Having such facilities outsourced and available on a ad hoc basis adds huge value and cuts down huge costs for small and medium sized recruitment firms when such facilities are not utilised at all times. 4. Flexibility A recruitment firm can also benefit from the flexible nature of using serviced offices or co-working space. Most shared workplaces have different plans ranging from hourly, daily, weekly, monthly, and hourly. Since initial recruiting work is digital; it does mean that you may need to spend a huge portion of your time in the comfort of your home or travelling to meet your prospects. Thus, there is almost no need for a permanent fixed office. Moreover so, you may need to render your service to clients in another city/ location. Of course, you cannot continue to set up new offices in each of these new locations without first establishing a solid clientele base. Shared offices allow you to lease their facility for the interim period of time you need to work in an office. For instance, if the new recruiting process requires 7 days, you can easily lease the facility for 1 week. Also, if you wish to go to the office just twice a week, shared workplaces allow you to pay only for the days you wish to access the facility 5. Meet and socialize with new people Shared workspaces , specially co-working space , are a great place and way to meet new people, socialize, and expand your’s and your brand’s base. Since there are many individuals, firms, agencies, and businesses using the same shared office and facility, you can easily introduce your business and services to them. It’s very common that many great business ideas and deals were created and concluded in such a
How using flexible workspace can save your organization money?
Flexible co-working spaces and serviced office rentals are becoming increasingly popular across the globe. Freelancers, small businesses, startups, entrepreneurs, and even big companies are choosing to work under a flexible workspace for their day-to-day activities. More so, this set of people now prefers and appreciates the opportunity to connect with like-minded professionals and enterprises. To this extent, the idea of flexible workspace has grown into a phenomenon that cannot be ignored. A flexible workspace, such as a co-working space is a type of shared working environment where individuals or team of individuals from different origins and different work-type work in an open office environment. Such an environment is usually owned and run by an independent agency. Flexible working spaces are often rented out to interested persons by hour, day, week, month, or any other negotiated time frame. Private offices or team rooms can also be found in many co-working and serviced office providers. This type of office space will be more suitable for teams that require some form of privacy from the rest of the shared facility. Co-working spaces are vital to individuals and businesses that operate digitally or for those that need an office annex. It is a great way to save costs that will be spent on procuring and equipping an office space. Large enterprises can also save tons of costs by using flexible working spaces. For instance, if your company receives work from a certain location on a regular basis but not enough to start a new branch office to handle that, your organization may opt for a flexible workspace to hold meetings and undertake some project works that’s close to the client’s location or location of the concerned project. Flexible working spaces can also serve as a source of motivation for startup entrepreneurs who seek to push their business to the next level. Most of the spaces are flooded with technology savvy and business startup individuals and businesses and such communities are seen as vital for business growth. Flexible working spaces are available in several cities across many countries in the world. How can a flexible workspace save your organization money? You pay a fixed/flat rate One significant financial benefit of using a co-working space or serviced office is that you pay as what was per agreed in the timeframe that was signed. You don’t have to bother yourself about bills, fees, and taxes. Flexible workspaces exclude you from business property taxes and bills that you normally should be responsible for if you rent a leased property. 2. Space is already furnished When you pay for a co-working space or serviced office rental, you are not just paying for an empty space. Instead, the office you are paying for is already furnished with the essential items you need. Items like desks, chairs, light fixtures, office equipment, and cabinets are already provided. Whereas, if you are to rent a traditional office; your organization will be responsible for the furnishing and outfitting work. 3. Enjoy free facilities When you pay for a flexible workspace, you only pay for the office space(or desk space) that you are using. You need not pay for other facilities and rental of common areas like toilet, kitchen, meeting rooms and office equipment like the printer, scanner, and photocopy machines. The workspace providers take care of these and you can enjoy the facilities while you only pay for the desk space. Of course, this is a great way to save costs for your organization. Another way to save more costs, you can outsource your printing jobs to solutions like Gogoprint which provide easy fuss print, and cost effective printing solutions. 4. Outsource your ancillary staff by using the facility’s staff Flexible workspaces usually have their own support staff like secretaries, cleaners, receptionists, and so on. This means that you don’t have to hire/pay any ad-hoc staff while you run your business. Although you may be required to pay an extra fee for using certain administrative features, the cost is still moderate compared to when you employ these workers on your own. 5. You don’t have to pay an upfront/dilapidation fee If you lease a property, you will normally be required to pay an upfront damages fee or renovation deposit should in case you damage any of the structural components of the building. In some case, either, you will be required to pay a dilapidation fee at the end of a leased office rental term to return the structure to the way it was before you moved in. This cost can be much depending on the modifications you made to the building and some landlords usually exploit this opportunity. Interestingly, you don’t have to pay such cost if you use a co-working or serviced office. Flexible workspaces rarely charge such hidden cost unless you made a significant damage to the structures in the office. 6. You are not responsible for the maintenance/running of the office If you are using a shared office space, you don’t have to carry the burden of the maintenance of the office. Be it the air conditioners in or the electrical wirings or switches develop a fault, it won’t be your responsibility to fix or repair. All maintenance/running fees are paid by the workspace provider, meaning plenty of costs savings. 7. You don’t have to pay any agent fee If you want to rent a conventional office space, you will have to hire an agent to represent you or pay an agent fee for the landlord’s agent. Agents generally are those who represent you in searching for suitable office locations based on your requirements and carry out negotiations on your behalf. The agent fee is usually a percentage of the total rent. This is an additional cost that you and your company
Distracting Co-Workers? Here’s How to Keep Your Focus in a Your Workspace
Distracting Co-Workers? Here’s How to Keep Your Focus In Your Workspace So, you’ve arrived at work, you’ve planned your day and you are ready and motivated to get started on the hottest new project. Great! But what happens when your distracting co-workers arrive and start to ruin your productivity? Sometimes we find that co-workers or employees simply like to chat and speak very loudly. They may not realise they are doing more harm, but when you’re trying to work, it can be an great disturbance to say the least. Here’s how to shrug off their interference and power through your day. Invest in a good pair of headphones. If you’re wearing a solid pair of headphones, especially the noise-cancelling variety, your colleagues are more than likely to think you’re hard at work in your own world and are far less likely to bother you. Whether you’re working hard or just need a break alone, wearing headphones is the perfect way to type, eat or relax without any disturbances. Remember – headphones are more obvious than earphones, which may go unnoticed until your friend or co-worker is already by your side! Stick with larger, more obvious headphones for the full effect. Trap the conversation before it gets carried away. Try using certain phrases or topic that could help to discourage your colleagues from talking to you when you’re hard at work. Examples may include ‘This project is so hard, it really does need my full concentration’ or ‘there just aren’t enough hours in the day!’ Alternatively (while it may be a little mean), try to start a conversation about something you know your co-worker finds boring or tiring. Chances are, they’ll want to escape the situation entirely as quickly as possible! Give your visitors something to do. If a co-worker comes up to your desk while you’re working and won’t take the hint, try subtly getting rid of them by giving them a task to do. Perhaps ask if they’d do you a favor by photocopying a document or even getting you a cup of coffee! They’ll soon learn that you’re not afraid to ask for help and may start to avoid your desk during work hours. Move away from the situation. If you’re able to get your work done away from your desk, why not head off to somewhere a little quieter? Grab a notebook, tablet or laptop and spend some quiet time in another location. If you do need a full desk set-up to complete your tasks, try talking to your boss. You may be able to move to a new desk or office elsewhere! Honesty is the best policy. While these tactics may be effective, honesty may be the best way to deal with your chatty co-workers and ensure you get your point across. Don’t be rude or aggressive – simply explain to your colleagues that you’re swamped with work, smile, and let them know you’ll catch up another time. If they’re dedicated to their job, they’ll understand! If you are working in a open concept workspace or co-working space, consider moving into a private office. Co-working spaces have risen in popularity in recent years due to its flexibility and perceived low rental prices. Also largely due to its collaborative nature and nice designs incorporated into many such co-working spaces, many startups and even large enterprises have taken on such spaces. However we received a lot of feedback that plenty of distraction and noise pollution do exist in such workspace environment and many have deemed that it may not suit them and the nature of the work they are doing. We are also seeing a swing from clients using such space to using private offices in co-working and serviced office centres. Will there be a huge jump in rental price in such a switch? The answer is a surprising No. Especially when you have a team of 4 or more, leasing a private office will very often be more economical than leasing 4 desk space. Not sure of the kind of workspace that you should be moving to? Consult our team here for the best solution for your business today.
Guide To Setting Up An Office In Taiwan
About Taiwan Taiwan is a fast-moving capitalist country, whose economy is driven mainly by its exports of petrochemicals, electronics and machinery. Structural reforms have facilitated this steady growth, which has been on the rise since 2009. Taiwanese free trade agreements with other countries in the region has also enabled a boost in trade volume between its trade partners. Some of the most prominent companies that have come out from Taiwan are namely Hon Hai ( better known as Foxconn Technologies) , HTC and Acer etc Benefits of setting up an office in Taiwan Stable environment The Taiwanese social and bureaucratic scene is rather stable, and not prone to sudden upheavals or adverse changes. One will not expect any form of sudden strikes, protests or even riots protests. It is generally a safe society for people and businesses to co-exist and to thrive together. This means that it is a conducive choice for foreign investors and business owners coming to Taiwan to set up and invest in businesses. Low tax rates Taiwan has one of the lowest tax rates in the region. This makes it a significantly more business friendly place as compared to many countries in the region, which might charge multiple layers of tax just for someone to run a business. Additional to that there are quite a variety of tax incentives such as R&D tax credits. Hub of North-East Asia Besides Hong Kong, Taiwan enjoys being in a very strategic location in North Asia, it is easy to travel within North Asia such China, Japan and South Korea. Besides that it’s easy to travel to America and also to South East Asia. This makes it easier for those who have to travel frequently to other countries within the region for business as it saves a huge amount of travelling time 3. Intellectual Property Rights Taiwan has a very strong intellectual property system. Therefore its a very highly favoured destination for businesses in the technology industry. For businesses or startups that’s doing R&D , the strong intellectual property laws is highly favourable for them 4. Excellent Infrastructure Taiwan has 2 international airports in Taoyuan that’s serving Taipei and in Kaohsiung and a few other domestic airports, a modern high speed rail that links the major cities together and a robust MTR system in both Taipei and Kaohsiung. It also has high speed internet access with no restrictions. The internet penetration rate in Taiwan is also very high. 5. Competitiveness Taiwan is rated as the 17th most competitive nation in 2018., according to IMD World Competitiveness Rankings 2018. It’s ranked 4th in Asia behind Hong Kong, Singapore & China. For a business to be located in a highly competitive nation and environment is highly advantageous as it places it on a platform that’s ready to be scaled up effectively when possible. 6. Highly Educated Workforce Taiwan has one of the most highly educated workforce in the region. They also possess a very competitive and entrepreneurial spirit. The high number of successful businesses spurned out from Taiwan is a good testament of what good quality Taiwanese workforce can contribute to. Factors to consider when setting up an office in Taiwan. Taipei City Taipei, the capital of Taiwan, is a popular choice for many foreign business owners to set up offices. Below here are a few of the more popular areas. Taipei is a very clean city and complete with all proper business infrastructure. It has many business class hotels, good choices of food, entertainment and a wide range of business offices, meeting rooms and seminar and exhibition halls. Xin Yi Xin Yi is the administrative and financial district of Taipei, holding government buildings such as the Mayor’s Office and Taipei City Government, as well as a large number of financial institutions. There are also plenty of shopping malls in the area. Neihu Neihu is home to the Taipei Neihu Technology Park, which is considered the bedrock of technological innovation and expertise in the country. More than 3000 companies are located inside the Technology Park, most of whom are technology companies who can take advantage of the facilities within the area. Da-an Da-an is a cultural, educational, and commercial district in Taipei. It holds a wide variety of buildings, ranging from universities, to places of worship. This variety of buildings makes Da-an a vibrant and lively area with people from all walks of life. 1 Cost Office spaces can get rather expensive in Taipei, because of the limited land available, especially in the major cities. Office space prices are also increasing, which might be a limiting factor in the expansion of foreign businesses, especially if these business are just small enterprises. However the overall cost of operating a business in Taiwan far outweighs this disadvantage. 2. Transport As the MTR system is a very popular mode of transport used by many Taiwanese for their daily commute, therefore its integral for businesses to lease office space near to MTR stations, so that it will be convenient for visitors and staff to get to and fro from your offices. Contact Our Taiwan Office Specialists. Speak with our local office specialist at 852-58010006 or email us at sales@findyournextoffice.com to receive a free consultation and quote for your office needs in Taiwan.
How Using A Serviced Office Could Save Start-Ups Money
How Using a Serviced Office Could Save Start-Ups Money Starting a new business can be very intimidating and expensive, so it’s normal or perhaps even advisable to try to simplify matters , aggressively cutting costs and saving as much as money wherever possible. For most new businesses and startups, the largest costs are office rentals and staff salaries. So it’s pretty normal most businesses will start out by operating from home or some cafes. And of course keeping your team as small and nimble as possible. As your business begins to grow, you may feel the need to move away from your home office and set up a full commercial office with space for you and your colleagues to work together in synergy so as to scale growth of the business. The issue is that renting a commercial space can often be expensive, especially for start-ups who may not have the ability to invest large amount of capital into their business. How much exactly can a normal traditional commercial office cost? Let’s break it down. You’ll need to budget for: Commercial rental fees. Internet connection and subscription. Phone line installation plus connection fees and monthly bills. Water and electricity. Furniture. Pantry , Snacks, coffee and water for staff and guests. Cleaning staff. Repairs and maintenance. And the above are just a few of them! It’s easy to see how the total cost could add up quickly. Many times it could come up to a pretty exorbitant amount and this can potentially affect the cash flow of many businesses. This could be enough to scare off any budding entrepreneur, but this can be resolved easily ! How? By using a serviced office! Why rent a Serviced Office Serviced offices are commercial spaces available to lease that come ready equipped with the amenities and facilities you need to get your business up and running. Benefits often include: Professional space for you and your team whether you’re working solo or a team of 100+! Flexible lease terms. A professional address to represent your business. A fully staffed reception and telephone answering service. All essential office furniture. High speed internet and telephone lines. Office machinery. A fully stocked pantry for you and your employees. On-demand IT support to get you up and running as quick as possible in the event of any technical errors. Low, fixed monthly fees. As all these helpful, essential features are including in your total monthly fee, you’ll never have to account for separate bills or complicated budgets. Instead, you know exactly how much you’ll be expected to pay – without any nasty surprises. This allows for simple clear cut budgeting that will suit any start up or business young or old, that’s in need of a professional working environment. Find Your Next Office can offer all of the above and more in the Asia Pacific region, so if you’re a start-up company seeking the perfect commercial office space for rent, don’t hesitate to get in touch today.
Why You Should Rent A Serviced Office In Hong Kong?
Why You Should Rent A Serviced Office In Hong Kong? As you probably know by now, the serviced office space is continuously outpacing the conventional office rentals in many countries across the world. The situation is the same in Asia. If you are looking to set up your office in Hong Kong, you can rent a serviced office in Hong Kong to explore the benefits without having to own anything while working in the best locations. The serviced office industry is also among the fastest growing sectors in the global property market. Ever since the global recession, there have been many businesses who opted to rent serviced offices in Hong Kong and similar destinations because of many factors. This growing trend of leasing fully-furnished office space and serviced offices makes sense in economies where businesses are constantly streamlining their operational costs. Fortunately, Hong Kong is one of them – and is among the very few countries that offers a stable economy and reasonable rates for business establishments. Why Lease A Serviced Office In Hong Kong? Being a international finance and business hub, Hong Kong attracts many businesses in setting up offices, in various locations across Hong Kong island and Kowloon Peninsula. In a nutshell, serviced offices in Hong Kong are great because they can save small companies, especially startups a lot of money and time- They have also proved to be highly beneficial to a lot of larger multi national companies as well in terms of costs savings and ease in setting up. One of the answers that clears a lot of doubts are actually three main benefits – efficiency, flexibility and practicality. This is what makes renting and leasing serviced offices in Hong Kong a smart decision that doesn’t hurt the wallet, as opposed to leasing conventional offices where large amount of money is required for renovations and outfitting. It is also important to say that in today’s modern world, companies are getting more dynamic, movements and expansions are much faster. As such, it is really hard to find a conventional office space – especially for all the new and emerging businesses that don’t have massive budgets. In recent years, cash rich mainland Chinese companies have dominated the office leasing market in prime districts in Hong Kong like Central and Admiralty. As a result, many smaller companies have been squeezed out by the sky high office rents on the island, which is the highest in the world now.Here, the cost of serviced offices in Hong Kong comes as the perfect solution – and one that lets the business scale and establish a presence in the city in the shortest time possible. Most of the serviced offices for rent in Hong Kong are nowadays configured to suit your own personal and business needs and greatly vary in sizes. From the comfort of one room to the comfort of a massive building, scaling a business is always best if you decide to lease serviced office in Hong Kong , as it allows maximum flexibility in your office leases. This will not only allow you to have access to an infrastructure that grows as you do – but also lets you share amenities with other office tenants and save money while growing your business. Additional, the pay-as-you-use facilities also play a major role in keeping down the cost of serviced office in Hong Kong. Hong Kong’s Business Climate And Its Attractive Rewards For International Businesses Ultimately, we should not forget the fact that Hong Kong offers a very stable and efficient business environment. If you are looking to rent serviced office in Hong Kong, you should know that you are placing your business in the world’s 9th largest economy and a country with British common law jurisdiction which derives the concept of a trust. It also allows you the opportunity to open up to the global economy and being located in the doorstep of mainland China, it offers easy access to the world’s 2nd largest economy. There are many banks, accountancy firms, lawyers and other professionals who chose to lease serviced office in Hong Kong and take advantage of all these benefits that the country offers. The ability to bring local and overseas firms together into a single business community is what Hong Kong does best – creating a business environment that is not only focused on growth locally and internationally but innovation and costs reductions. If you are interested to lease a serviced office in Hong Kong , and yet not sure which locations in Hong Kong you should go for, feel free to contact us here anytime. We will be very happy to assist you with our free , non obligatory service in helping you to locate and lease your ideal office in Hong Kong !
Guide To Setting Up An Office In Malaysia
About Malaysia One of the most progressive Muslim countries in the world, Malaysia is the third largest economy in South East Asia. It is an important player in the region’s manufacturing landscape, being a key exporter of not just manufactured goods, but also raw materials. Private investment is also highly encouraged by the positive business environment in Malaysia. Benefits of setting up an office in Malaysia Supportive government The Malaysian government is a highly supportive of foreign investment and of foreign businesses setting up shop in Malaysia. There are numerous benefits and incentives given to encourage the growth of such foreign investment and business, which would be highly beneficial to anyone who wants to set up an office in Malaysia. Constantly improving infrastructure Malaysia already has one of the more established infrastructure systems in South East Asia, and it is continuously improving on it to make it better. This would allow businesses to operate faster, better and more efficiently. Gateway to the Islamic market in South-East Asia South-East Asia is home to one of the biggest Muslim communities outside of the Middle East, and it might be hard for foreign businesses to break into the market. By entering Malaysia, businesses would be able to reach out to the South-East Asian islamic market , especially islamic finance , more easily, and take advantage of how open and receptive the government and communities are to new ideas and products. Factors to consider when setting up an office in Malaysia Transport The main mode of public transport in Malaysia are public buses. However, most people own their personal transportation such as cars and motorcycles, which might be a more effective way to commute due to the ease it confers. Personal transport in Malaysia is also relatively cheap making it a viable choice. Location Johor Bahru Located at the southern tip of Malaysia, Johor Bahru is a hub of economic activity, being the main industrial and commercial centre in Johor. It has a very close economic relationship with Singapore, which is just across the causeway. Johor is hailed as Malaysia’s top investment destination for businesses in the manufacturing sector, bringing in RM27 billion in investments in the first half of 2015. Kuala Lumpur Kuala Lumpur, the vibrant capital of Malaysia, is a heady and exciting mix of commercial and creative industries. It is also an attractive international destination for foreign investment, being usually the place where new innovations and ideas take root and begin to spread throughout Malaysia. Kuala Lumpur City Centre (KLCC) KLCC is considered to be Kuala Lumpur’s central business district – home to the iconic Petronas Twin Towers and the Multimedia Super Corridor (MSC Malaysia), a 750km2 corridor which transformed KL into thriving Information Communications Technology (ICT) hub that hosts over 360 multinational and local companies. The recent plans to construct three new high-rise buildings near the Twin Towers further accentuates KLCC’s standing as a premium business hub within Malaysia. Penang Penang is a highly diverse city with combination of many different communities. It relies heavily on manufacturing mainly technology based products, to the point that Penang has been given the nickname Silicon Island. Penang was ranked the 3rd in the rankings for states with the most direct foreign investment in Malaysia in 2014 and have since overtook Sarawak in 2nd place in the first quarter of 2015. Cost Currently, the cost of office spaces in Malaysia are likely to remain stagnant, especially in Kuala Lumpur. This is due to the large amount of office space that is currently available, making the market for office space more of tenant’s market. Contact Our Office Rental Consultant Today Speak with our Malaysian office rental consultant today. Or email us at sales@findyournextoffice.com to receive a free consultation and quote for your office needs in Kuala Lumpur, Johor Bahru, Penang in Malaysia.
Guide To Setting Up An Office In Thailand
About Thailand Besides being a famous tourist destination, Thailand is also an increasingly popular choice for foreign businesses. It is the 2nd largest economy in South-East Asia, right after Indonesia. They are heavily reliant on exports, which make up to 60% of their total GDP. These exports consist of products such as agricultural produce, electronics, textiles and rubber. Benefits of setting up an office in Thailand Investment-friendly policies The Thai government has always priorities having a free and open economy. Hence, foreign investment is welcome and highly encouraged. In fact, the Thai government offers various incentives for foreign investors Emphasis on intellectual property rights If you are a media producer, inventor or designer, you can be sure that your intellectual property rights are well protected in Thailand. Thailand is as civil law country which has multiple acts and policies that regulate intellectual property rights. Environmentally-friendly If you’re one who values nature and understands the need for environmental protection, then you will definitely find setting up an office in Thailand to be a wise choice. Thailand has several regulations which protect their natural heritage which are norm rather than the exception. These environmental efforts are not so evident for many other similar developing countries. Factors to consider when setting up an office in Thailand Transport The public transport systems in Thailand leaves much to be desired, with Bangkok being the only city in Thailand with a metro system. Buses and cars are also have to contend with the long traffic jams on city roads and highways. You will likely end up taking some of the more mobile alternative forms of transportation, such as tuk tuks! Location Bangkok is one of the best cities in the South East Asia to set up an office. Here are some of the most popular locations in Bangkok. Silom Silom is Bangkok’s most important financial centre, as it houses the headquarters of many banks, as well as important financial institutions. It is also relatively well connected by the city metro. It is also nearby the entertainment districts, and also houses the famous/infamous red-light district, Patpong. Sukhumvit Sukhumvit is Bangkok’s most popular retail shopping and business district, and is often thronged by crowds and both weekdays and weekends, thanks to tourists who come by for their shopping fix. There is a constant buzz of commercial activity which never really stops. It’s also a very popular location for businesses to set up their offices. Sathorn Sathorn is home to many luxury and business travellers, who carve out a spot for themselves in the upmarket serviced apartments that are widely available in the area. This has resulted in the growth of a strong expat community in the area, which acts as a pillar of support for the many expatriates that live and work in Bangkok. Cost Besides being one of the best cities in the region, Bangkok is also one of the cheapest. However, you should note that prices and rentals are steadily increasing, even in a cheap city like Bangkok! Even the suburban areas that are away from the business districts are also experiencing a rise in office rental rates. Contact Our Office Specialist Speak with our office specialist to receive a free consultation and quote for your office needs in Bangkok, Thailand.
Short Term Office Rental In Hong Kong
Short Term Office Rental In Hong Kong : Fully Furnished Office Space Tailored To Your Needs And Budget Looking to start a new company ? Looking for an office to house your startup? Is your current office undergoing renovations? Or is your company starting a new project that requires additional staff for a specified period? So are you looking to rent a short term office in Hong Kong ? If yes, you have probably come across many alternatives and different solutions when it comes to this problem. In order to save time and resources, you may want to rely on industry professionals for help. At Find Your Next Office we pride ourselves on offering many different options of fully furnished office space for rent in Hong Kong – available to businesses of all sizes and entrepreneurs with different needs. In order to illustrate the benefits of renting a short term office in Hong Kong, let us begin with these great reasons to rent temporary office space and serviced offices in Hong Kong. 5 Great Reasons To Rent Serviced Offices for Short Term Office Space In Hong Kong Whether you are a startup or an entrepreneur short on time and with a busy schedule, you probably see that lifting your business off the ground is not just an important but also costly decision. The truth is, most of the startups and small businesses make the first leap forward with renting spaces that give them the legitimacy to work from the perfect office and a couple of other benefits. Below, we are listing some of the best reasons to consider this decision. 1.Cost First and foremost is the cost. Now, short term office rental in Hong Kong can be a great way to work from while one gets busy in the business. Most of the office spaces are offered at lower rent than renting traditional spaces – and nowadays there are packages that can get you the best bang for your buck. Another thing when it comes to billing. It is so much more simplified. There is the absence of additional bills – such as IT support, Internet, maintenance, furniture or receptionist services which are all provided in the Hong Kong serviced office rentals. All these are very often provided to clients in just one bill. 2. Time savings When renting office space in Hong Kong for short term, you are saving both time and money. From the very beginning, there are no setup costs and everything is laid out so that you can start working and focus on your work itself. Without having to deal with designing, furnishing, setting up the Internet, phone lines etc. – you can just simply plug and play and work immediately from Day One. 3. Networking Another great plus of short term office rental in Hong Kong is the chance to network with other businesses, startups or entrepreneurs. As you may know, in today’s business world, this is essential for success – and the serviced offices in Hong Kong usually possess some of the most interesting tenant mix ranging from creative startups to medium sized enterprises and large conglomerates. From networking , mutual exchange of information to learning from one another, such benefits are endless. 4. Flexibility If you want to book a fully furnished office space for rent in Hong Kong but are not sure for how many days (or weeks) you need it – don’t worry. The truth is, leases of most serviced offices are kept flexible. Even if you are looking for an office for the long run – you can easily find one in those packages provided. Additionally, they give your business the option to downsize or expand in size – and as your business grows – provide an additional space that works for your needs and budget. 5. Image One very important reason to choose serviced offices for rent in Hong Kong is actually the look of your office. From the professional atmosphere that will boost creativity and productivity to your team members and as well as attracting potential investors in the city, your business will be seen as one that is industry-leading and ready for growth and definitely credible. And the best part? You will also have a professional looking conference room for important meetings – just like a Fortune 500 company! The Popularity Of Temporary Office Space Solutions In Hong Kong As you see from above, there are so many reasons to choose serviced offices if you require short-term office rental in Hong Kong. In fact, renting office space in Hong Kong for short term is rising in terms of popularity and most of the offices are getting booked as soon as they are published. The fact that you get to operate your business with features like full IT and phone support, executive meeting room access, reception services and everything paid and available for a flat fee – is one that clearly gives a lot of tremendous benefits. Instead of looking for locations, buying furniture and setting up your business when you are not sure of its growth, renting a serviced office in Hong Kong is a tailor-fit solution that will help you make most of the current situation of your business. From Co-working Spaces To Your Personal Workspace Solutions There are so many ways you can use the serviced offices in Hong Kong. Today work is getting more mobile and when all you need is only a laptop to finish your daily tasks. So what is normally required is a conducive workspace to get connected. Therefore it is true that a fully furnished office space for rent in Hong Kong is what many businesses, freelancers, startups, entrepreneurs or just people with ideas find as their best solution. Speaking of which… One of the best things about renting office space in Hong Kong for the short term is the flexibility. You can be a freelancer who is alone, a bunch of people with a crazy idea to change the world or an
Benefits & Drawbacks of Open Office Spaces
Benefits & drawbacks of open office spacesInfographic by Quill