The serviced office has become a very popular option for businesses in Hong Kong because it offers a smart solution to rising rent costs. These super flexible workspaces are operated on a tailored basis. Tenants are not obliged to sign long term leases, and there are no hidden charges designed to punish early departures.
Furthermore, the terms are negotiable. Serviced providers are committed to helping tenants shape and define their own rental experiences . They can pick from a wide variety of corporate tools and resources. Crucially, the process of eliminating unnecessary costs is just as simple as adding valuable ones. It’s a great option for businesses that want more control.
Keep reading to learn about these workspaces and how to choose the perfect serviced office in Hong Kong.
Finding the Right Resources
The most important aspects of a serviced office are the cost and features or corporate resources. You are advised to prioritise the latter because most providers offer variable rates. Plus, the quality of the broadband and networking equipment has a big impact on productivity.You need to be sure that the servers can handle your activities, particularly if part of the business depends on e-commerce. The best way to find out if to pay a visit to one of the serviced facilities in central Hong Kong and ask all of your technical questions directly.
Agreeing to Suitable Terms
The thing to understand about serviced providers is that they’re committed to serving businesses of all shapes and sizes. It isn’t a matter of looking at current tenants to determine if your requirements are compatible because you won’t get a ‘cookie cutter’ office.Generally, tenants are given access to a range of corporate resources (meeting rooms, mailboxes, receptionists, PAs, web developers, etc.), and they pick the ones they want to use. The best facilities are entirely flexible and will allow you to make changes at any time.
Grabbing a Top Spot
Once you’ve got a hold of your practical and technical needs, you can start thinking about brand potential. Don’t underestimate the power of a great office. Grabbing a top spot, in a prime location, can do wonders for your reputation, especially if you’re new to the market. In many ways, it’s a bit of a shortcut for young and expanding ventures. It can take a long time to build up trust in a new area, but securing an impressive address makes you appear influential and experienced. So, take advantage of low rates to invest in a prestigious location.
Considering Setup Costs
It’s important to think about all of the expenses associated with an office rental, both long and short term. You might be clear on the monthly rate, but make sure to ask about initial setup costs and maintenance charges. You don’t want to be surprised by any unexpected charges.The great thing about serviced offices is that they rarely come with setup fees. All facilities are different, of course, but most charge nothing for the privilege of moving in, and there are no installation costs unless you need support for specialist equipment.
Planning for the Future
It’s also rare to find serviced providers who demand ‘lock in’ leases, even in Hong Kong where rising rent rates are a goldmine for property managers. Therefore, before you sign any rental agreements, discuss your future options. If you plan to expand, for instance, make this clear.
Talking directly to the provider is a good way to ensure that, when big changes are needed, the physical space and scalable resources are going to be there to support them. If possible, pick a serviced facility which will help you move into a bigger suite as your business grows.
Letting the Little Things Take Care of Themselves
Ultimately, working with a serviced or managed office provider is an opportunity to focus on the bigger picture. The logistical details matter, of course, but they’re not going to drive your company forward and inspire future development.
So, let a team of onsite experts care for your essential needs – internet, heating, lighting, IT support, telephone answering – while you nurture your brand. When you work smarter, not harder, evolution becomes inevitable.
Founder Dinis Guarda
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