Renting an office space is very exciting for any business. However, you shouldn’t choose any office space in Singapore because you are too excited. It’s important to look for an office that will support the whole team as well as allow the business to thrive and grow in Singapore. Here are some of the tips when renting in Singapore that you should follow.
Is It Necessary?
First, you need to determine whether you actually need the office space for your business or not. There are lots of businesses that are operating from home and in co-working office spaces without any issues. If your business could function properly in any of these environments, then there is no need to waste extra money renting an office space.
If you really need an office space, then location is very important. First, you need to make sure that the office is close enough to the employees allowing them to commute effortlessly. If there is no team of employees currently on your roster, you should look for an office located in a populated area and easily accessible from all over Singapore.
Of course, the accessibility is not only for the employees but also for the clients. If your clients take forever to find your office, they might choose competitors over your business which would be a big mistake. Also, you need to consider which amenities are close to the office when considering the location. Choose an office that’s close to restaurants, coffee shops, banks, hospitals and any other important amenities.
Once you have found the best location, you need to be concerned about the cost of renting an office in that location. Don’t settle for an office that’s too expensive thereby sending your business into irrecoverable debt. Before you start looking for an office to rent in Singapore, you need to have a budget in mind to make your choices affordable.
Don’t forget about the extra expenses incurred when renting an office besides the rent. If you don’t account for these expenses alongside your rent, they might add up forcing you to forego the whole office altogether. If you are using a commercial real estate agent, ask about the extra costs besides the rent before you make any decisions about renting an office.
Security is one of the most important things you should look into when you are renting office space in Singapore. Make sure that you choose a location without any criminal activity such as break-ins and burglaries. If your office equipment is stolen and your office vandalized frequently, employees will not feel safe working there. You can choose an office space that has manned entry points as well as working alarms for the best results.
If your business is successful enough, it will much likely grow in the future. That’s why you need to rent an office space that allows for future expansion. If you are constricted in a very small space, employees might start quitting because they are not sure about the company’s future.