Why Serviced Offices are more Economical

An Expert's View about Business Administration in Singapore

Last updated: 22 Jan 2011

Serviced Offices are cheaper on a psf basis than traditional office leases. This is because you are paying for just the space your business needs. Serviced office rates also exclude common areas like meeting rooms, corridors and the pantry, which easily takes up 40% more space and needs to be factored in traditional leases, so your actual sq ft needed in serviced offices is much less, and so is your total rent.serviced office rent includes almost all of the hidden costs that you would normally expect to pay on top of rent in a traditional office – like business rates, stamp duties, light, water & power, security, cleaning, building & plant maintenance, insurance, broadband internet, etc. Neither are there charges for office furniture, conference / meeting equipment, LAN cabling, WiFi, PBX telephone systems, professional staff and more.

Posted: 16 January 2011, last updated 22 January 2011

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