Flexible Lease Terms
There are many reasons why businesses are trying to stay away from long term leases. The business world is ever-changing, and committing to traditional leases that go up to several years could be risky. Addressing the demand, serviced offices like Compass Offices, offer flexible lease terms for different needs. The leases usually range from daily to monthly, perfect for freelancers, entrepreneurs and startups. Serviced offices also allow renters to scale up or down as required, making it easier for businesses to adapt to changing circumstances. For example, when a company is ready to expand, they can simply move into a larger office within the same location, without the hassle to move, change addresses and so.Fully Furnished and Equipped Spaces
As an all-inclusive workspace, serviced offices are typically fully furnished and equipped with essential amenities and IT infrastructure, ready for renters to use with no waiting time required. Workspace is already set up with furniture, such as office desk, chair, pedestal, as well as access to power and internet. In the common areas, standard amenities include kitchens, meeting rooms and reception are available. Some of them also offer additional benefits such as gym access, event space and parking facilities. Since they come furnished, this minimizes the upfront investments and setup time, allowing businesses to focus on their core operations.Cost-effective
Compared to traditional offices, serviced offices provide a cost-effective solution for companies. When the lease starts, businesses in serviced offices can save the upfront investment on office furniture and other setup costs since they come fully furnished and equipped. Maintenance costs like cleaning are also taken care of by the service provider. The most significant savings during the lease period comes from sharing amenities, including coffee/tea, IT support and utilities such as internet and security measures. When the lease ends, businesses can simply pack up their belongings and unplug their laptops, whereas businesses in traditional offices are required to return the space to its original condition. The all-inclusive pricing of serviced offices offers a more affordable option for businesses, alleviating the financial burden and allowing them to focus on growing their business.Premium Locations
When looking for an office, being in the right neighbourhood is always a top priority. In Singapore, the Central Business District (CBD) is located between Marina Bay, the Singapore River and Chinatown, and it is conveniently access by MRT and other public transport. The CBD is bustling with luxury hotels, historic landmarks, restaurants and bars, making it a highly sought-after area for office spaces. However, this also means that rents are high, and the market is competitive. Serviced offices, on the other hand, offer businesses with the opportunity to establish a prestigious address without the high costs associated with traditional office leases. This allows companies to take advantage of the proximity to potential clients and key business hubs, gaining instant credibility for their company. By choosing a serviced office in a prime location, companies can enjoy all the amenities that come with it, without breaking the bank.Enhanced Business Support and Networking Opportunities
In addition to workspace solutions, serviced offices also offer value-added services. A professional reception team can greet and take good care of your clients, and assist with any issues within the workspace. Many service providers also offer virtual office services, where companies can use their address for business registration and mailing, and have a dedicated phone number with answering service. Businesses can stay focused on core operations by delegating admin tasks such as collecting mails, answering phone calls to the reception team. Apart from that, having access to the meeting rooms and conferencing facilities is great for meeting clients in a formal setting. Many of them also host networking events, from happy hours to guest talks, providing opportunities for businesses to connect with like-minded individuals that could lead to collaboration in the future.Conclusion
Starting a business in a competitive market like Singapore can be overwhelming. By choosing a serviced office, businesses can enjoy the benefits of a prime location, a fully equipped office setup, access to amenities and more, all while saving on costs with a flexible lease and sharing expenses with other renters. It's no surprise that more businesses are opting for serviced offices as a flexible and hassle-free workspace solution.This is a sponsored post.
