What Benefits Are There To Renting Co-Working Office Spaces?

Co-working spaces in Singapore are as dynamic as the targeted users. They offer practical functionality, flexibility and cost effectiveness often not found in a conventional office space. As your business expands, co-working spaces are ideal opportunities for you to scale and thrive. Below are ways in which co-working spaces can support your business needs.

Low costs and flexibility

When you are just starting out your business, the rule of thumb is to keep expenses low, especially when you are exploring new frontiers. Co-working spaces are excellent centers for individual entrepreneurs and freelancers to take their business operations from home to a fully equipped office while keeping the “office set-up” costs at bay.

By renting at a co-working place, you can run your business without worrying about overheads and maintenance, office utilities or purchasing office furniture and other costs that are usually associated with renting a traditional office space. Moreover, rent terms are usually short-term therefore, you don’t have to tie down much of your working capital in lease agreements and you can easily scale up or down depending on your business demands.

Ready facilities

Co-working spaces in Singapore often come as a complete package so as to enable users to perform their tasks effectively. There’s always an abundance of power points where you can plug in your computer, and access high-speed Wi-Fi internet connections. They also have functional furniture and other supporting office equipment such as printers for your business needs.

Moreover, co-working spaces have ‘coffee break’ zones or stocked pantry, so most essential needs are met without much effort. This way, entrepreneurs are left to focus their time and energy on more important things in their business.

If you are exploring for co-working spaces, our suited offices at Phoenix Park offer commercial spaces for rent that come with a host of amenities such as dedicated telephone line, reception services, pantry and restroom, and CCTV security. There is also complimentary coffee and tea provided so you can always get your daily cup of joe in the morning. With unit sizes ranging from 30 to 100 sq ft, you can find your ideal space to not only grow your business but also work closely with other professionals. The property is strategically located in between Redhill and Orchard districts, and accessible via PIE with a short drive to the city that is merely minutes away.

Networking opportunities

Co-working spaces bring together small business owners, remote workers, freelancers and start-up companies in a shared work environment. Thus, there is plenty of networking opportunities with others that can quickly form from a simple work exchange to budding partnerships. For example, as a tech start-up, you can probably find a writer in the same co-working space to do up a compelling marketing press release.

Being in the space with other like-minded individuals will give you a level of insight and exposure that generally would take years to develop. Having access to a community of co-workers with varied skills and experiences can also help you frame a tricky problem whenever you encounter them.

A professional look

Having private business conversations and conducting sensitive transactions in crowded coffeehouses or cafes are hardly ideal, plus they might not convey the right professional impression to your clients or business associates. Co-working spaces not only provide a professional workspace, they also tend to offer separate spaces for private meetings you can reserve. You will have the right environment to discuss and collaborate your ideas effectively and build relationships for the future of your business.

These are just some of the benefits of how renting co-working spaces allow businesses to meet their needs and facilitate their growth. It can certainly cater to people from various professional walks of life to use the space as much as or as little as they would like.

Co-working spaces provide a conducive environment to work in but if you find there is lack the space for you to store large inventory and merchandise, we offer industrial and commercial space rental across Singapore for various business needs.  Located at 38 Ang Mo Kio Industrial Park 2, this newly refurbished property also offers rental units suitable for warehouse, clean & light industrial, ancillary office usage, ranging from 100 to 6,255 sq ft. You can also find event hall rental in the property which is suitable to host any types of occasion from personal celebrations to business events. This property will also fit your bill if you are in search of a warehouse for rent near Ang Mo Kio MRT as it offers easy accessibility, with the availability of a feeder bus service and public bus services nearby. This allows you to utilize adequate space to store your goods and access them conveniently.

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