Renting an office space is a big decision. It might be the first step to starting your own business, or you may want to rent out extra space after purchasing an office building. Either way, you have a lot of questions to answer before making the move. Here are some things you need to know about renting an office space.
Finding the Right Building
The first thing to do when considering office rental in Singapore is to find the right building. This might sound like an obvious first step, but it’s worth noting that you may not find what you’re looking for in your first search. Start by checking out online listings to see what’s available in the area.
Next, make a list of the qualities you need in your new space. For example, do you need space for five desks or 50 desks? How much space do you need? How much would you like to spend? Those are all questions to ask yourself when searching for your office.
Once you narrow down your options, schedule a tour of the building. This way, you can see if the building is what you had in mind.
When it comes to office rental in Singapore, the first step is finding the right building for your needs. Make a list of the qualities you need and then schedule a tour of the building to see if it’s what you were looking for.
Questions to Ask Your Property Manager
When you are considering renting an office space, there are a lot of questions that need to be answered. Here are just a few of the most common questions you’ll want to ask.
What are the office space’s monthly expenses?
What are the office space’s utilities?
What is the cost for turning on gas, electricity, or water?
Do you have any other fees I should know about, like administrative fees?
What is the length of the lease?
How much is the security deposit?
How much is the rental rate?
Are you an open or closed building?
When can I access the building?
Managing Your Employees
Office rental space is designed to accommodate multiple employees. You’ll have a designated office space that can be used to entertain clients and conduct business, and the building will have a break room, conference room, and other common areas.
But what happens when your company hires more employees than originally anticipated? You’ll need to manage your employees and decide if they should work from home, in an office outside of your building, or in the building you’re renting.
This decision will depend on factors like type of work, headcount, and number of hours worked. For example, if the work is high-level and requires intimate knowledge of the company, it might be best to keep these employees in an office space you’re renting.
However, if the work is general and can be done remotely to free up office space, it might be worth it to let these employees work from home or in another office space.
Keep in mind that you’ll also need to consider cost: If you’re renting an office space to accommodate your employees, you’ll incur extra costs. However, if you let them work from home or elsewhere, you won’t incur those costs.
The decision to rent office space can be complicated, but it’s not impossible. With the right information and guidance, you’ll be able to choose the perfect office rental.