If you’re looking for a budget-friendly office space that accommodates all your business needs, a serviced office could be your best bet. In this article, we’re going to give you a tour of five of the world’s best areas for serviced office locations. First, let’s talk a little more about what serviced offices are and who needs them.
What is a serviced office?
A serviced office is owned by a facility management company typically owning a building full of fully-equipped offices. These offices are rented out individually and sometimes by the floor to other companies. Serviced offices are typically used by startups, growing companies, and companies needing temporary office space for a special project.
Since they are fully-equipped, serviced offices offer a dedicated receptionist, administrative services, telecom services, internet, conference and meeting areas, furniture, and security. Serviced offices are the choice of businesses around the world because these spaces offer everything they need at a low cost. Plus, these offices usually come with physical addresses in sought-after locations.
Top 5 Cities for Serviced Offices
London is known as Europe’s top city for business. The city shares time zones with the rest of Europe, Asia, and the U.S., making it an excellent choice for companies doing international business. Low taxes and a skilled, diverse workforce also make London an excellent choice. Serviced offices in London include The Boutique Workplace, The Dock, Orega, Soho Business Club, eOffice: Holborn, and Farrels Creative Club.
Singapore is a global leader in business because it offers amazing connectivity with the rest of the world, exceptional tax benefits, favorable trade agreements, and a nurturing startup ecosystem. Some of the most popular serviced offices in Singapore include Regus (which also offers international office space availability), JustOffice, JSE Offices, Park Avenue Serviced Office, and Servcorp CapitalGreen.
3. Hong Kong
Hong Kong’s unique culture and support for new business has made it a top choice for business. Hong Kong is also a global financial hub. It’s one of the easiest places to find serviced offices and has many to choose from. Among the most popular serviced offices in Hong Kong are Crown Business Centre, Jumpstart, BOO, and Regus.
Melbourne is a city on the move, and it’s one of the world’s top business centers thanks to its growing economy and strong financial market. Melbourne also offers a modern infrastructure system that makes it easy to get from place to place, as well as access to Asia Pacific markets. Melbourne also has the lowest costs on the Australian eastern seashore. Serviced offices include space at The Cluster, Collins Street Business Centre, and Servcorp. Here’s the list of serviced office in Australia: ServicedOffice.Directory.
Dubai is one of the world’s most sought-after business centers, offering tax-free zones and access to the Dubai metro. The area is safe, upscale, and eclectic with expats and international business in mind. Regus, My Office, Right and Smart, and HDS Serviced Offices all offer opportunities for startups and growing businesses.
Finding the Right Serviced Office for Your Needs
No matter what city you decide on for your serviced office, there are certain questions that you should ask before signing a lease. For instance, what are the lease terms? If the lease is for 6 months or one year, will that space be a good fit for your growing company?
When you do find out about the lease options, have the company define what rent includes. For instance, utilities are usually included in serviced offices. What support is available for this serviced office? Maintenance should be included, but what about administrative needs, receptionist, or a virtual assistant?
Before signing a lease, make sure to view all the space you’ll be using. When it comes to the actual office, take time to carefully consider the layout. First of all, is it a shared co-working space or a private serviced office? Make sure to get the space that suits your needs the best. Then, think about ergonomics and preferences. Do you like the furniture? Does the office have a window? Work toward finding an office space that will welcome you to work and help you feel comfortable.
Of course, there are likely numerous packages and options available, so be sure to enquire about the alternatives available. The office space you don’t view could be the perfect one!
Also, be sure to view any conference rooms and meeting spaces. Will these spaces serve your clients the best? Then, ask which bathrooms and kitchen areas you’ll be sharing. How many other businesses are sharing these areas? It’s important to know before you jump into a lease!
Before signing the lease, also be sure to ask about any hidden costs. Also, read the terms and conditions carefully and ask questions about anything you aren’t sure about.
When you’ve found the right office space in the right location with the best lease options, that’s when you sign on the dotted line! It’s always a great idea to give yourself a cooling off period of a few days before signing anything, and always take it up with your lawyer if you have any other questions that haven’t been fully explained or answered.
As you can see, there are many hotspots for serviced offices around the world. Some of these offices offer international locations that you can use while visiting another area, so that’s definitely something to inquire about. A serviced office can be an excellent way to save money on overhead and increase bottom lines without taking out a full building or traditional office space. Serviced offices give you an opportunity to give a professional appeal without spending a ton of money. With serviced offices available around the world, you can take your pick as to where to set up shop.