Market turnover for the flexible office market moves much more quickly than traditional leases.How soon you can sign may provide further incentives by the provider.Contract length can increase the level of security for the operator or landlord, providing further room to negotiate.National holidays and festivals can often impact demand and rents, particularly during quiet periods during Christmas or Chinese New Year.Incentives when a centre has just launched with high vacancy.Amenities if you have specific requirements for amenities, there may be limited availability of offices that can meet all your needs.Size of requirement availability for a one-person office to and one hundred headcount will limit the choice of centres.Demand in the area, reputation, location or iconic property.Through SAVVI's Tenants Network, access to and listing of fitted spaces provides further opportunity to minimise fit-out CAPEX and reinstatement obligations. ![]() When negotiated well, serviced offices can also provide an effective medium term solution through cutomised or managed office solutions.The flexibility serviced offices offer can often be priceless and can provide cost effective solutions for individuals/ small companies or businesses that are undergoing rapid growth with volatile or uncertain headcount projections.Initial capital expenditure is much higher with a traditional lease, but is amortised over the lease term.Traditional offices are in the medium to long term (2-5+ years) more cost effective per head than serviced office or co-working solutions.Service Agreements are typically condensed into a digestible 2 - 5 page document, which compared to traditional lease agreements, can span 100 pages, notwithstanding various legal documentations that accompany the lease.Agreement of the terms are documented by way of a “ Service Agreement” which sets out all the pertinent terms and conditions of the license and is signed by both the provider and the occupier.Serviced office space commitments last anywhere between 3 - 12 months and can provide solutions for those companies looking to set up quickly or need a short-term commitment that can also support scale (particularly for high growth industries where headcount projections are constantly changing).Traditional offices typically require a minimum lease term of 2-3 years.Companies can limit their initial capital outlay through flexible workspace solutions, although usually at a higher cost-per-square foot than leasing your own space.There are also reinstatement obligations upon the expiry of the lease. Traditional offices require a commitment to larger initial capital expenditure (i.e.The chance to brainstorm with and learn from other, sometimes more established, businesses.Constant innovation and R&D from a committed flexible workspace provider.Access to virtual office services that give you the freedom to work wherever you need to.Reliable service support that frees entrepreneurs to concentrate on getting their venture off the ground. ![]() Flexible leases, with minimal lead times and no set-up costs.The availability of meeting spaces and business communial areas.Access to the latest technology, with 24/7 technical support and a business-class infrastructure.Business service and support, with no requirement to employ non-core staff.A choice of workspace experiences to match your own corporate image and aspirations.The opportunity to take on locations cost-effectively to be close to clients.The ability to operate from high-quality sites.Attracting and retaining the best talent, through providing inspiring workspaces in places where people want to work or with communities they want to work with. ![]()
0 Comments
Leave a Reply. |