Small office for rent in Singapore comes in different type, it can be serviced office, fitted office or coworking space. Whats the main different about this small office for rent?
The most basic are Fitted office, where it comes with Fully Furnished Office, aircon, internet.
Coworking space are usually open concept area with tables, there are hot desking where you are given a certain number of hours per month and you seat at random available desk. The second type of Coworking space is dedicated desk where you seat at the same desk every day, this desk is exclusively for you. Coworking space also comes with receptionist, pantry, meeting rooms and other common facilities shared by other users.
Serviced office are the best grade of small office for rent in Singapore. Serviced office comes with private rooms and you get to choose rooms with windows which are higher price or rooms without that cost less. Serviced office also comes with receptionist, pantry, meeting rooms and other common facilities shared by other users. If you need more privacy or need to have a better corporate image serviced office is the way to go. Conclusion the best type of small office for rent / shared office is serviced office.
Why not Traditional small office for rent?
Because most spaces come unfurnished. To fit out in your company’s brand image and design, you would have to engage a contractor. This would involve spending money on painting, lighting, windows and flooring, besides furniture, internal partitions and other office equipment.
A few issues come to mind when this happens:
- Firstly, these capital expenditures are large. For a reasonably good fit out, you can expect to spend about $70psf-$100psf of space rented. If you’re talking about a funky, “Google” kind of office, then expect to pay about $150psf.
- Secondly, your contractor would expect payment after completing the fit out. This means that before you even commence your operations, you would have to fork out a large amount of money!
- Thirdly, for every new, growing business, questions like “how long can my business last” will be on the owner’s mind. Committing to a 3-year lease with all these upfront, sunk costs would be risky and wasteful if one were to unfortunately shut down after a year or so.
To reduce these upfront payments, you can choose to take up space in serviced offices, co-working spaces these are the best small office space for rent. These alternative offices provide all the amenities and services that you would need for a monthly fee. If you don’t want to lock yourself in on a long 3-year lease, you can also rent the space on a rolling monthly, or sometimes even daily, basis.