What are Serviced Offices?
Serviced Offices provide users with a complete, professional office environment and all the facilities and services necessary to operate a business, with flexible lease terms, for a low fixed monthly fee. These include a prestigious CBD address, reception with call answering services, fully furnished, equipped and serviced office suites, advanced telephones, high speed internet, essential office machines, fully stocked pantry, secretarial assistance and IT support services on demand. Being located close to major transport hubs, it’s as easy as walk-in, plug-in and start work.
Unlike traditional offices, you immediately reap savings by eliminating the time and cost needed to secure a fixed lease, renovate the space, buy your own furniture, hire your own staff, install your own office machines and telephone / Internet access.
Who & Why use Serviced Offices?
Also generally known as Business Centres, Serviced offices offer an alternative solution for those in need of a new office. Due to its flexible lease terms, it’s ideal for those starting up a new company, a new office in the country, needing temporary space in the case of overflow or project, or in a interim period of shifting offices. It’s also popular with individuals that are keen in testing the local market. Close to 70% of current serviced office tenants are foreign companies, using them as a satellite office, regional HQ or local representative office. Therefore you can find a huge myriad of users such as MNCs & SMEs, in industries ranging from legal, recruitment, IT, marketing even to that of a chiropractor. Serviced offices and Business Centres can be found in the larger and prestigious business districts in most countries.
Traditional versus Serviced Offices
On a price per square. foot basis, serviced offices ARE more expensive, but this additional cost is often outweighed by the fact you are paying for just the space your business needs. Serviced office rates also exclude common areas like meeting rooms, corridors and the pantry, which easily takes up 40% more space and needs to be factored in traditional leases, so your actual usable area needed in serviced offices is much less, and so is your total rent.
In addition, serviced office rent includes almost all of the hidden costs that you would normally expect to pay on top of rent in a traditional office – like business rates, stamp duties, light, water & power, security, cleaning, building & plant maintenance, insurance, broadband internet, etc. Neither are there charges for office furniture, conference / meeting equipment, LAN cabling, WiFi, PBX telephone systems, professional staff and more.
We are well positioned to provide all answers to your queries regarding serviced offices in Singapore, Hong Kong, Bangkok, Kuala Lumpur, Shanghai, and Beijing and all other cities in Asia Pacific.