A serviced office is a type of shared, flexible workspace made up of private offices. Serviced offices are fully-furnished and ready for you to move in on day one, with all utilities, bills, and day-to-day running of the office managed by the serviced office operator. They can be rented out as singular small-cut private offices or as multiple private offices in various sizes to host different teams within your company.
Serviced offices in Singapore offer much more flexibility than traditional private offices; with short-term leases of a few months rather than a few years, giving companies the flexibility to test new locations without long-term commitments. Demand is further driven by the desire for retail and lifestyle elements as well as more cost-efficient solutions amidst increasing rental rates in the Lion City.
Most of Singapore’s serviced offices will provide all of the basic amenities as part of the all-inclusive monthly rental fee. These can include furniture, high-speed internet, mail and call handling, IT support, printers, photocopiers, scanners, meeting room access, etc. Taking all of these together can translate to more breathing room for companies in terms of CAPEX.
Another notable benefit of serviced offices in Singapore is that they can all be found in central business districts, but with more cost-efficient prices. Small companies and corporations can now have offices in areas such as Raffles Place, One-North, Suntec, Clarke Quay, or along Orchard Road without the traditionally expensive office rentals. Some popular serviced offices in these areas include The Great Room, JustCo, JustOffice, Regus, WeWork, The Working Capitol, and The Executive Center.
As mentioned, serviced offices offer shorter-term leases of a couple of months. The typical rental period can be as short as 3 months with most companies extending this to 1 year or even 2 years depending on their growth. These leases are typically based on a per-desk basis, meaning you never have to pay for unused space and the flexible lease terms make it possible to increase the number of seats you may need as your company grows.
FlySpaces is the largest online marketplace for flexible workspaces in Southeast Asia. We are partnered with over 1000 spaces in Singapore alone. We aim to be your long-term business partner, with the widest range of serviced office options across Singapore to match your ever-changing business needs.
Integrating technology, expertise, and full-support throughout your office search, our local Space Experts will be working for you to ensure you find that perfect serviced office.
If you’re ready to find your new office or have a couple more questions, get in touch with us and our Space Experts will gladly help you out.