Exploring the World of Shared Offices in Singapore
From the word itself, this workspace solution involves sharing office space with other tenants to minimize the rental cost. The office layout can either be like a coworking setup or separated by temporary walls called dividers.
Learn more about this cost-effective workspace solution in Singapore by digging into the content below.
What is a Shared Office Space?
As previously mentioned, shared office space is designed for multiple individuals and organizations. It can be like a coworking environment with an open layout. It can also be a shared, private environment, with dividers highlighting the partition of the space.
A shared office is ideal for businesses looking for a workspace solution that won’t hurt their pocket. This office is also suitable for freelancers, entrepreneurs, and small business owners seeking a physical workspace for a sense of professionalism in the market.
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5 Advantages of a Shared Office Space for Rent in Singapore
Securing a shared office in Singapore allows your business to enjoy numerous benefits. If used properly, these benefits can help your business be an unstoppable force in the league. Let’s explore below the advantages of renting a shared office space to your company.
1. Lowers Overall Costs
The primary benefit of a shared space in Singapore is its ability to minimize your overall costs. Sharing an office space definitely allows the original tenants and subtenants to reduce their rental costs significantly. This provides them the opportunity to level up other areas of their business, such as product marketing campaigns.
Moreover, shared office space for rent in Singapore prevents subtenants from releasing high capital investment. With this solution, they can have a decent yet professional-looking workspace for their business. They will no longer worry about the expensive construction materials and office necessities, as these are usually provided in a shared office space.
2. Increases Work Productivity
Opting for Singapore’s shared office spaces typically grants access to a fast-speed internet connection. This can help employees to be more productive and meet their deadlines without stress or burnout. This office amenity can also help employees meet remote clients or colleagues without interruption.
However, one of the best things about shared offices is their 24/7 workspace access. This helps businesses to break the traditional work setups and start implementing more flexible arrangements. These flexitime schedules can help employees reach their peak productivity, which will surely translate into the company’s market performance.
3. Encourages Team Collaboration
As mentioned above, there are shared offices that boast an open layout. This office layout helps teams easily connect, communicate, and collaborate with their team members. A team with a healthy relationship can generate more innovative ideas and foster a happier and more positive environment within the workspace.
Furthermore, shared office space for rent in Singapore typically offers access to communal spaces, such as collaborative and outdoor spaces. You can use these areas to connect with like-minded professionals from different companies. Establishing and cultivating relationships with them can be a superb benefit in the long run.
4. Optimizes Business Operations
Many office spaces in Singapore grant their subtenants complimentary access to top-notch amenities. These amenities can help you streamline your business operations, making it more efficient than before.
Apart from those that were already mentioned above, here are more shared amenities that you can find in this office solution:
- Meeting Rooms: These are used to facilitate business discussions, either with the team or the client. They can also serve as venues for brainstorming, internal training, or seminars.
- Printers: These are used to produce the hard copies of documents you need for your business.
- Kitchen: This area is where employees usually store, prepare, or take their meals. This is also a perfect spot for quick chats with your colleagues.
- Storage/Lockers: These are where employees usually store their personal belongings, such as documents, hygiene kits, and important office supplies.
- Support Services: These services are provided to help businesses reduce their administrative functions. Mail handling, call answering, and guest handling are the most common business support services in a shared office space for rent in Singapore.
5. Smart Office Locations
Shared offices are usually located in Singapore’s vibrant and busy business districts. This strategic positioning helps businesses easily meet new individuals who can be potential clients, investors, or talents. Additionally, this can help them to effortlessly engage with various business activities, such as networking events, conferences, seminars, and workshops.
Moreover, such an office location helps commuting employees enjoy a more convenient transport experience. Smart office locations also provide great accessibility to cafes, restaurants, malls, and other establishments that employees can explore after work or during breaks.
These are the benefits that your business and employees may enjoy once you secure a shared office space for rent in Singapore. So, what are you waiting for? Connect with Office Hub today to find the perfect shared office for rent in Singapore for your unique business needs!
Frequently Asked Questions (FAQs)
1. How Do You Handle Shared Office Space?
Answer: Managing shared offices requires enough skills and knowledge to maintain peace and order within the workspace. Some effective ways of handling or managing this workspace solution include respecting personal spaces, controlling noise, maintaining cleanliness, and avoiding monopolizing resources.
2. Is coworking worth it in Singapore?
Answer: A report in Singapore said that 45% of workers claimed excellent productivity through working within a coworking environment. This signifies that coworking in Singapore is essential in unleashing better results and driving the company’s growth.
3. Are coworking spaces in Singapore worth it?
Answer: According to Coworking Insights, there is a high demand for coworking offices in Singapore. This explains that opting for a coworking space for your business in Singapore is indeed a wise move.
4. Should you rent an office space or a coworking space?
Answer: Ordinary office spaces and coworking offices offer unique business advantages. The choice of what to rent depends on your business's requirements and goals. If you are searching for options, you can check out our variety of office spaces for rent in Singapore to find the one that perfectly suits your needs.
Embrace the Power of Sharing
Shared office space for rent in Singapore is an affordable solution for businesses seeking to elevate their market performance. This workspace solution can help them achieve better market results, more efficient workflows, and abundant growth opportunities.
Office Hub, the world’s #1 flexible workspace provider, is here to guide you in finding the perfect office for your business. We offer free assistance in sorting out the most qualified workspace options, scheduling face-to-face workspace tours, and helping to seal the best deal.
Send us a message now, and one of our flexperts will reach out to you immediately. Together, let’s navigate the flourishing economy of Singapore with flex spaces!
