Aellan Choo Real Estate Services

4 Points to Consider When Renting an Office in Singapore

Choosing the right office space is one of the most important decisions you will need to make for your business. The location of the building and future growth of your company should also be considered as well as your business’ needs. (For instance, if you have a small business with only a few employees, you might not need a large office space.)

Amount of Floor Space

The amount of floor space that you will need depends on a number of factors. As you plan your new office space, you must determine how many people you will be accommodating, how many meeting rooms, breakout areas, server rooms, and storage rooms you will need, as well as how many cubicles key management personnel will require. Take into account future growth as well.

There is no one size fits all configuration when it comes to this. It depends on your requirements. There would be less floor space required per person in an open plan layout than in a closed plan layout.

When it comes to leasing office space in Singapore, it would be a good idea to consult an agent. Don’t be afraid to tell your agent what you want. He can give you a pretty good estimate of how much space you’ll need.

The location of the business

Making the right choice regarding your office location in Singapore can have a significant impact on your business. In order to establish a successful business, your business location needs to be carefully analyzed, regardless of whether you are a start-up or an established company.

It is important to ensure that your office is located in an accessible and convenient location, not only for your clients but also for your employees. Most businesses find it beneficial to locate in a central business district. You should, however, take into consideration the distance that your employees must travel to reach their workplace. For instance, if you have employees who commute long distances, they may appreciate being able to walk to work or take public transportation, rather than having to drive.

Renting a place: A budget

A clear understanding of how much rent you can afford is essential when starting a business or expanding your office space. You will also need to factor in the cost of utilities and other common expenses. The most prestigious grade A office in Marina Bay District is undoubtedly the dream of every business; however, such offices come at a high cost.

A premium building with a prestigious business address will allow you to attract clients, maintain your competitive edge, and project a professional image.

Serviced offices might be a good alternative if you do not have the budget for a traditional office in a grade A building. Shared offices are fully furnished and professionally managed.

It is possible for small companies to save considerable amounts of money on their initial investment by renting a serviced office in grade A buildings, which are typically available in offices exceeding 2,000 square feet.

It is recommended that you establish a budget before beginning the search for an office. If you are interested in learning more about the rental rates for different office building classes in your desired business location, please contact an agent to find out more. By establishing a budget, you will have a better idea of what you can afford and you will be less likely to overspend.

Building Classification

You can narrow down your search for office space by understanding the classification system for office space.

Singapore has three different classes of office buildings – Class A, Class B, and Class C. However, which is most appropriate for your business? Is it necessary for you to be located in a class A office building? Could a Class C building meet your business needs just as well?

Buildings that are classified as Class A are of the highest quality. Class A Buildings in this class provide state-of-the-art systems, an attractive location, high-end amenities, and excellent accessibility. They attract high quality tenants, including some of the world’s largest tech companies. Additionally, they are professionally managed and provide a high level of accessibility.

Locations of Class C offices tend to be less desirable. Its tenants may include startups and small businesses. In addition, these buildings are typically older and in need of repair and maintenance.

Besides the three building classes in Singapore, there may be other quality premises that would be suitable for your business. You may be able to find alternative solutions if you speak with an agent with extensive knowledge.

I can help businesses save significant amounts of rent over the years through my recommendations and various options.

I understand the process of finding and leasing commercial real estate can be time-consuming and challenging. As a professional commercial real estate agent, I am committed to helping my clients find a suitable property as quickly as possible. Feel free to reach out if you want to know more. 

Share:

Facebook
Twitter
LinkedIn
On Key

Related Posts

Setting Up A Singapore Company

Incorporating a company in Singapore involves understanding the different options available and the process of setting up your own legal entity. There are two main types of companies: public and private. Public companies are listed on the Singapore Stock Exchange and must have at least 50 shareholders, while private companies can have no more than 50 shareholders. Both locals and foreigners over 18 can incorporate a company in Singapore. Foreign individuals must complete their company registration before being eligible for an employment pass with guaranteed approval from the authorities.

Buyer’s Stamp Duty (BSD) – MUST KNOW

Are you planning to purchase a property in Singapore? You need to be aware that buyer’s stamp duty (BSD) applies for any property that you purchase in Singapore. Here’s some quick information.

4 Points to Consider When Renting an Office in Singapore

Making the right choice for your office space is one of the most important decisions you will have to make as a business owner. It is also important to consider the location of your building and how your company will grow in the future, as well as your business’ needs. Continue reading to learn more.