Finding a cheap office rental Singapore service is an important part of the business process and can eventually affect the success of your venture. No wonder you should always carry this decision with the deserved magnitude to avoid leaving the door for mistakes open.
You want to maximize your benefits when renting office space in Singapore, and it is best done when you get your decision right from the word go. Here are some guidelines to ensure you choose the right office rental service for your business.
Location and Accessibility
The location of the cheap office rental Singapore space is one of the most important factors to consider. Take it upon yourself to find a space that’s easily accessible for your clients and staff. In this regard, it is essential that you look for properties near major roadways. It is important that you think about the employee commute length and local traffic patterns.
Different business types tend to have varying requirements when it comes to the ideal location. If running a retail space, it would be better to go for a space with high foot traffic, so proximity to light rails and bust stops will come in handy.
Operating Expenses
It is always important that you prioritize the operating expenses of the office space for rent before signing the agreement. These potential costs include utilities, janitorial service, taxes, and maintenance fees. If working with a broker who fully understand what comparable buildings typically charge, then they can help you determine how a particular office space will eventually affect your bottom line.
Office Rent Terms
Last but definitely not least; you need to determine your budget and desired office rent cost ahead of time. When evaluating different properties, be sure to find out if the rent rate is net or gross. In a net office space for rent, the tenant is liable for paying for parking, utilities and other fees separate from the base rent.
Things tend to be different with gross leases as they include these expenses in your monthly rent. Your broker will negotiate these office rent terms on your behalf, including rent reductions, tenant improvements and rent-free periods.
We hope that the above tips can help ensure you choose a cheap office rental Singapore without necessary taking a toll on your set budget. So, what’s stopping you from commencing the search for office space to rent?
