Service office is the flexibility. It is easy to setup and allow you to scale your business. Serviced office comes fully furnished. It allows you to start immediately. You get a Fitted Office so you don’t have to spend time and money on renovation, employing a receptionist, getting equipments like printers, scanners and photocopiers. Most importantly is you only pay for what you need. A lot of office spend money on areas which could be used less than 10% of the time. Example pantry, meeting rooms, reception area. Coworking Space solve this issue, you will get to enjoy these services without paying the hefty price.
Just one monthly bill. No insurance, maintenance or utility charges.
IT, telecoms and secure WiFi.
Printers, scanners and photocopiers.
Dedicated specialist support from our helpful centre teams.
Fully furnished with kitchen facilities.
Serviced Office is Suitable
Start Ups Business.
Setting up new branches in Singapore.
Renovating their own office.
Business that are expanding.
Only require small office.
People would like to focus on their business.
Prestigious address with low entry prices.
Looking for fully furnished offices.
Service Offices Advantages
Prestigious Address & Location
Generally boasting prime business locations in city centres. With stylishly designed offices close to major transportation hubs. Service offices allow your business card to resonate with impressive details, enhancing your professional reputation. It also makes the prospect of taking your future employees, suppliers or even the dreaded bank manager for a tour a whole lot easier.
Customer Service Team Included
A service office has a body of staff employed to provide you with the basic office services. They keep your workspace running, such as secretarial support, a reception team, a post room team, IT support, building maintenance and cleaning. Not only do you gain significant savings from NOT having to hire such staff. But valuable management time savings from NOT needing to handle associated staff recruitment and retention issues. Depart for trips to grow your business, knowing that your office is in good hands.
Jump In Running & Focus On Your Business Growth
A service space comes ready-made with. Such things as Internet connection points, wiring, utilities and even a kitchen area for staff to relax in during coffee breaks. Service office spaces also include other facilities. Such as on-site security and cleaning, in-house IT and communications departments and general management facilities. Instead of having to organise all of these separately. Choosing a service office space means that all of the features offered by the service office operator are included in the monthly rent. All your time and money can be channelled to things like building the business and using your creativity to make more business connections.
Simple User Friendly Contracts
Rather than dealing with complex and intricate lease documents, often involving legal assistance and lawyer fees. A typical service office agreement is written in a plain English format. It is designed to be ‘user friendly’. It avoid unnecessary terms and clauses typically found in a commercial office lease. What’s more, service office licences do not attract stamp duties – substantial savings for most businesses.
Can you confidently predict what your business priorities will be in 3-5 years time? What your headcount will be? But 3-5 years is the average length of time businesses are required to commit to with conventional office space. In direct contrast to typical office lease structures over multiple years. Service offices are available for as short as one month to as long as one year, and renewable thereafter. Service Offices even allows leases to be structured over weeks or even days. This is so popular that companies set up temporary bases in our service offices. Whilst looking at a more leisurely pace for their final business address. Tapping on the advantage of allowing uninterrupted business continuity, and ensuring they do not lose their place in the market.
Many start-ups and rapidly growing businesses require the potential for ‘overnight’ expansion without relocating offices. Even large MNCs occasionally need expandable space to house temporary staff during boom times. Service Offices provides the flexibility for tenants to upsize, downsize or even vacate the premises to fit their latest business requirements with just one month’s notice.
Conventional tenants are normally required to pay rent quarterly in advance. Whereas service offices invoice clients on a monthly basis, freeing up cash flow. What’s more, many services are already included in your package. Including insurance, water, electricity, lighting, internet, etc. Where additional services and personnel are required, you only need to “pay as you use”. Pay for when and what is used, rather than supporting the ongoing permanent cost of these items, saving you unnecessary fixed costs.
State-Of-The-Art Equipment Available
Service offices provide shared technological infrastructure. Including intelligent facilities management systems, shared internet, telecoms infrastructure, video conferencing equipment, TVs, photocopiers, digital gear and even coffee machines for tenants’ use. Most of the equipment is of better quality and efficiency than what you would normally be able to purchase. This provides access to equipment which may otherwise be unaffordable. Frequent upgrades and additions also mean continuous access to the latest state-of-the-art technologies.
“It’s not what you know but who you know”. Service offices give you the chance to network and cross sell with a variety of other businesses residing within the same building. Gone are the days when you would only find start ups or small businesses residing in service space. Today you are just as likely to find divisions of national and global MNCs in the office next door. Where else can you get the chance to mingle and discuss different ideas with a wide variety of professionals from different industries every single day, without even having to leave your office!
Ease of Administration
Service offices provide a single consolidated invoice monthly, which includes rent, business support services, building maintenance, electricity and more. No hidden extras or nasty surprises. Consolidated billing also saves accounting time and effort, and therefore your money.
Infrequently used space, such as the pantry, conference and meeting rooms, are supplied and payable on a “pay-per-use” basis. So that meeting room you need for an average of 5 hours per week is not costing you rent, rates, service charges, heating etc for all of the rest of the time when it is empty. Service Offices also throws in complimentary meeting room usage hours for tenants so you save even more.
Substantial Cost Savings
Research shows that compared to conventional office space, service offices can provide substantial cost savings for office users. By doing away with initial capital outlays and hidden charges inherent in conventional leases, savings of as much as 78% have been achieved for companies as large as 60 persons and lease lengths of up to 36 months. And even when you vacate the premises, there are no dilapidation and reinstatement liabilities to worry about. This can be of particular benefit to start-up companies by giving them a defined cost each month to budget to. Rather than trying to add up a series of random costs (including the rent and any business rates). A single figure covers all the eventualities and utility charges, allowing a business to live within their means, without any loss of provisional services. It also makes bookkeeping and accounting much easier.
ServiceOffice.co is a website that showcase the available Service Office in Singapore, find the service office that meets your requirements here with the simple to use website that allow you to find what you need easily.
Written by: Vincent Low
Date Published: 09/17/2015
ServiceOffice.co is easy to use and offers a wide range of Service Office and Traditionial Office options. You would be able to compare different office very quickly and pick the office that is most suitable in a fast and accurate manner.
5 / 5 stars
Contact Us : +65 9379 9993
If you need more information regarding service office rental in Singapore, service office price you can contact us directly at +65 9379 9993. We also do have office space in CBD for rental. We work closely together with top Service office company to make sure you get to the best options when you rent office with us. Service office costs is an important factor to most business so we provide the price upfront to help you make an informed decision. We have business center all over Singapore and our service office for rent price varies widely so we are sure to have something suitable for you. CBD price can be high that is why we also have office outside CBD to keep rent affordable. Our service office group provides information from different sources so that you can have all the information from just 1 website. We do have private office suite and co-working spaces available so feel free to let us know your requirements and we will gladly assist you. Service office in Singapore are suitable for startup up company as it provides flexible office for rent.
Service office Top Location
Some of our top locations are the Central Business District, Orchard Road, Paya Lebar, Westgate, bugis . Office rental can be very complicated but service office rental Singapore are very simple, this shared office space option helps to delivery value and reduce cost by using service office rental. service office Singapore price are very reasonable considering the value it deliver compared to bare office price and the cost involved to setup the office. Service office to rent are flexible so you can make adjustments easily, you can upsize your office when your company is growing into the other available office space.
Comparing Service office with other office
Service office vs conventional office main difference is the convenience, flexibility, networking and cost savings for small companies. There are many service office Singapore provider like Regus service offices, but different office provider focus on different factor, some might be image of the company others might be cost. That is why it would be best to use a service office broker like us to let you know which office meets your requirements.
Let us know your requirements of the Serviced office you are looking for
Service offices comes in many priorities and it may differ from your requirements so it would be best to contact us +65 9379 9993 to let you know which service office providers can give you what you need. It would be difficult to choose the right Service office providers when you are new to service office Singapore, so we have a 24 hours hotline (+65 9379 9993) to serve you better and advise on which office meets your requirements.
When it comes to renting premises for your office space, it can be said that this might be of huge expense.
When you look forward to hiring a traditional office space, you are bound by those cumbersome and not so flexible fixed term years.
But, serviced offices are reducing the challenge in the sector by providing the most lucid and flexible array of office spaces for you.
Get access to fully decorated and furnished office space stuffed with a majority of amenities as well as a great interior.
Renting Serviced Offices in Singapore
We can say that serviced offices in Singapore are generally overlooked for the matter of fact that they are a bit costlier. Their monthly fees might be a bit higher, but, as a customer, you get access to a few lush facilities that are unmatched. A serviced office in simpler terms is a place for which you pay-as-you-use space. Bundled with plenty of benefits, we can say that serviced offices can be your best catchy for the purpose of getting the best bang for your buck.
Why are Serviced Offices Popular in Singapore?
According to research, an array of reputed business houses in Singapore are looking forward to availing short-term lease agreements. When we talk about spaced/serviced offices, you get access to a monthly pay-out facility in which you can settle and renew the agreement every month. This adds flexibility when it comes to strict lease agreements. Although rental expenses are a bit higher when you opt for this option, it’s worth exploring.
People love Serviced Office because
a) short-term office rental
b) fully furnished office for rent.
This solve the problem of getting lock in a contract that might not be suitable anymore, with short-term office rental business can freely expand in a serviced office taking more office rooms or changing to a larger room. You also solve the issue of of spending too much time and effort to renovate the office and not focusing on your business.
Costs and Fees associated with any Serviced Office in Singapore
When it comes to renting a serviced office in the country, there is an array of costs that are associated and should be taken into account. Serviced office provider might ask for credit checks as well as references for the purpose of attaining the guarantee that you can pay your regular rent. Rents are usually paid in advance in serviced office domain of the country. One must take utmost care to not delay payments, as serviced offices come with some hefty late payment ruled. Office providers reserve the right to recover any extra charges with added ease.
Rental periods are obviously pretty flexible in nature when we talk about serviced offices. It can simply go from a month to around a year. There are also serviced offices that allow month to month tenants but usually a shorter lease period will result in higher monthly rental rates. Usually serviced office provide the best rates when you lease for a year.
Factors that affect rental costs of a serviced office
• Quality of interior • Location around the city • Internet Connectivity • Number of desks • Building’s Floor • Extra amenities
But not all serviced office are price correctly. Some serviced office deliver more value vs price. To know which office have good value vs price Contact Us: +65 9379 9993
Serviced Office Singapore Price
Serviced office providers might also charge customers for telephone usage on a handset basis. In accordance with a general trend in the industry, customers are generally required to opt for a handset for every desk deployed in work. On average, it costs a little over S$50 per month for renting a line. Further, call charges might vary as per your local, interstate or international usage.
The average cost of a fully-furnished serviced office in the country stands at SGD 1000 to SGD 5000 per month. Well, above-mentioned variables like office space, location and amenities offered are also there, that might affect the overall cost. Internet, parking, lounges, reception and much more have been included in your monthly spaced office package. On average, serviced offices are somewhere of between 100 square feet to 300 square feet in posh office hubs. You can get access to both, co-working office spaces as well as private suites when you opt for instant offices.
For example, you can rent a serviced office at Singapore’s United Square on 101 Thomson Road starting from $24 per person per day to $100 per person per day. The prices mentioned above are offered under a 2-year contract of the respective serviced office spaces.
For big enterprises out there looking forward to availing an eye-catchy office space, you can rent your dream office lounge at Guoco Tower starting from $28.9 per person per day to $115 per person per day for a 2-year contract. You can work anywhere around the country on hourly, weekly, monthly as well as much obvious, yearly basis with your favourite serviced office in Singapore.
Classification of Serviced Offices in Singapore
Grade A Serviced Offices
In simpler words, grade A offices encapsulate superior quality as well as offerings. These are usually located in most lush and prime locations of the country. The buildings of Grade A serviced offices are well-maintained and they are generally architectural landmarks, hence, it increases their appeal. Grade A offices are generally located in buildings that are over 100,000 square feet in size.
As a customer, you can get access to absolute transport facilities blended with an array of premium amenities. Another bundled bloom that comes handy with serviced offices of Grade A rating is that they offer a professional appeal, these are suitable for international standards and these type of serviced offices are up to the level of high profile companies.
Thus, it leaves a remarkable impression. On average you can get your Grade A Serviced office in Singapore for around S$1200/mo/pax upwards.
Grade B Serviced Offices
When it comes to rented costs for Grade B serviced offices in the country, we can say it’s a bit lower. Generally the same is about 30 to 40 percent of the cost of any Grade A office space. Quality of any Grade B office is good enough but not of superior level. These tend to be located in fairly good locations, but serviced offices under grade B lacks architectural attraction as well as infrastructure’s presence. These can be older than 10 years and might not feature lush corporate client neighbours. You can attain a grade B cheap serviced office space in the country starting from $500 or less/mo/pax in Singapore.
Offices with CO-WORKING
Nowadays people look forward to a hybrid model of serviced office and a common co-working spaces.
Comparison of Serviced Offices and Coworking Space in Singapore
Below is a table explaining the difference between each option:
Equipment, facilities and working areas shared in an open space with bars, coffee rooms, and similar provisions are available to help create a conducive working environment.
Office space is with private rooms rented to maintain discretion. Boardrooms, office equipment, lounges, and similar facilities are provided and shared among the various clients.
Co-working spaces are designed to look casual and encourage interactions among patrons who liaise and exchange ideas. They tend to attract younger people who are corporate looking individuals.
These are designed to attract members of the corporate world and are befittingly designed.
It usually attracts freelancers and startups whose activities are supervised by facilitators meant to attend to their inquiries. Most patrons run an informal setup.
Largely patronized by major organisations looking for temporary office spaces due to moving or renovations. Most of such companies are looking to house additional staffs.
Varies with demand on a membership basis
Varies between 1-12 months
Average rates of Serviced Offices around Singapore
Let’s begin with Raffles Place region: In Market Street Singapore, you can get your favourite fully furnished office space that would feature every lush amenity like Meeting rooms, 24×7 access, showers, security, lounge, boardroom, internet as well as furnished furniture for around S$1000 per person per month.
Shaw house offers the best office space opportunity for a little over $500 per person per month
At the City Hall area, you can get an affordable serviced office deal from $500 per person per month. The offices in the region will ensure you with every amenity such as administrative support, VOIP phone system, Wi-Fi, meeting room, IT support, reception, pantry, air-conditioning and much more.
Service offices come in every size tagged with a price mark. Prices for rental of a serviced office in any particular locality amidst the location in Singapore. Both, grade A and grade B offices are available to cater your needs in a splendid manner.
Serviced offices in Singapore are the new boon blended with the much needed, flexibility and cost-effective.
It is time consuming to find out which office serviced office is most suitable for you. Feel free to Contact Us: +65 9379 9993 to let us match you to the best office space suitable for you.