Singapore is home to many multinational as well as Fortune 500 companies. This has given rise to the demand for executives and various other white-collar office workers in Singapore.
Due to the same, the local economy of Singapore is also thriving. If you’re an individual or a business that has benefited from this economic growth, you would, of course, want to expand your office/workspace.
The question is whether you should rent a traditional office or a coworking space.
In an economy like Singapore, it makes perfect sense to go with coworking spaces. Before you make up your mind regarding coworking space in Singapore, do look at the 5 reasons why coworking spaces in Singapore make more sense.
Singapore has some of the most expensive commercial/office rentals globally. It does not make sense to rent such expensive office space for an average business owner or a gig worker.
Coworking space in Singapore, on the other hand, is much more affordable. Since you will be renting the space you need, the amount of rent you will have to pay is limited.
Coworking also allows you to scale up and scale down according to your requirement. In a nutshell, when you’re going with coworking spaces in Singapore, you gain access to office space at an affordable rate.
Is it possible for a small business owner or an individual to rent office space in Singapore’s central business district?
The answer is no!
The reason for this is the exorbitant rentals at such locations.
However, when you look at the addresses of coworking spaces in Singapore, they are located in such reputed places.
The advantage of coworking spaces in Singapore is that you get office space at such a prestigious location without paying a hefty amount.
Want to work at night?
No problem! A coworking space can help you with the same.
Want to reach the office early in the morning?
Coworking spaces in Singapore are accessible 24/7. Due to the same, it becomes easier for you to work at your hours.
In a traditional office setup, this isn’t easy to achieve.
A small business or gig worker cannot spend a lot of money on interiors or amenities in his/her office.
Coworking spaces, on the other hand, provide amenities like:
- Metting rooms
- High-speed internet
- Cleaning service
- IT support
- And so on
The advantage of such amenities is that you need to focus on your business. You need not worry about the extra things cropping up in the traditional office setup. Not only that, such amenities can make your office time much more convenient and productive as well. It is another reason why you should go for a coworking space rather than a traditional office setup in Singapore.
5. Ample networking opportunities
The best way to scale your business is to network with like-minded individuals and prospective customers.
In the traditional office setup for the same, you will have to step out for the same. However, various events in coworking spaces can help you network right in your office.
Not only that, since your prospective customers can be working in the same office, networking and scaling up your business is easy.
These are the primary reasons why you should go with coworking spaces and not the traditional office setup when in Singapore. The next time you’re looking for office space in Singapore, do keep these 5 reasons in mind.