What is a serviced office?
A serviced office concept provides offices that are fully furnished and equipped from 1-100 workstations and more. The offices offer highly flexible offices solutions to keep overheads and commitments low. Clients can choose to stay for a minimum term of one month to 12 months and above. This provides the cost advantage especially for small enterprises to react to market conditions with minimum risk but maximum flexibility.
What kinds of serviced offices are there?
Most serviced offices offer similar solutions that includes varying floor space, meeting room access, IT services and more but the greatest difference is the quality of service standards that matters the most in this industry.
What factors should one consider when engaging a serviced office?
Location, business needs, people services, quality and value for what is paid.
Is a virtual office similar to a serviced office?
It is generally similar except virtual offices do not have a physical office accessible 24 hours a day. A virtual office gives the client a prestigious business address, a professional executive to answer calls in the clients' company name and transferring calls to you. The client have access to all the services and facilities in the centre, however these are only accessible during business hours only.
What are the benefits of a serviced office?
Benefits of a serviced office includes prominent building and address, quality image, fully furnished with the latest telecommunications and office equipment, and staffed with professional support team to represent your business. They are also more flexible with the lease terms, helping to minimize risks with zero capital costs and immediate occupancy for expansion, right-sizing and relocating with minimum disruption. Accounting is also made easy since all these utilities are consolidated in one invoice.
What is the minimum term of engagement for serviced office; are there any difference between you and your competitors?
The minimum term for a serviced office is one month. However, weekly terms are also available based on the clients' needs. Other terms and conditions might apply depending on the serviced office provider. In general, there is more flexibility in contract terms for serviced offices that are leased directly from the landlord
Who typically rents a serviced office?
New start-ups, small enterprises, representative offices, temporary expansions, offsite project teams, right-sizing.
Are there any deposits required when renting a serviced office?
Generally a two months deposit is required. This deposit is refundable 60 days after the end of the lease term.
What is the price range to lease a serviced office?
$20/hr to $1000/mth per workstation
What are the types of service enhancements business owners can get from serviced office providers?
Here's a list of general services provided by a Serviced Office:
- Reception service
- IT and telecommunication access with full maintenance and upgrades
- Waiting Areas
- Fully stocked pantry with refreshments (tea, coffee etc.) and filtered water
- Pay per use meeting rooms
- Video Conferencing facilities
- Office cleaning services
- And more
Can clients access the serviced office 24 hours a day?The serviced office is accessible 24 hours a day if clients take up a minimum term as required of the Serviced Office Provider. Virtual clients, only have access during business hours. However, a small fee will apply, should you require services and/or facilities after business hours.