The best thing about Coworking Space is the flexibility. It is easy to setup and allow you to scale your business. Coworking Space comes fully furnished. It allows you to start immediately. 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.
Coworking Space 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.
Coworking Space Advantages
Prestigious Address & Location
Generally boasting prime business locations in city centres. With stylishly designed offices close to major transportation hubs. Coworking Space 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 Coworking Spacehas 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 serviced 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. Coworking Space 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 Coworking Space space means that all of the features offered by the Coworking Space 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 Coworking Space 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, Coworking Space 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. Coworking Space are available for as short as one month to as long as one year, and renewable thereafter. Coworking Space even allows leases to be structured over weeks or even days. This is so popular that companies set up temporary bases in our Coworking Space. 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. Coworking Space 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 Coworking Space 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
Coworking Space 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”. Coworking Space 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 serviced 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
Coworking Space 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. Coworking Space 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, Coworking Space 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.
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Contact Us : +65 9379 9993
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