Singapore’s fertile economy has many incentives for business in the country. As one of the fastest growing economies, Singapore’s mix of traditional values and modernised business practices are the foundation of creativity and innovation. In fact, Singapore currently is experiencing a renaissance of in terms of the coworking space industry.
Coworking spaces traditionally were a concept to help tech-industry professionals find affordable office space in a market where office space in premium locations was ridiculously high. As these spaces evolved, professionals from diverse industries work with each other. Because of the various coworking spaces, Singapore’s professionals can easily find space from which to work, for example, Servcorp coworking spaces.
Continue reading below for some useful tips on how you can find your ideal co-working space in Singapore and best utilise this office solution for your business.
Look For Amenities
Not all spaces are equal, and a space that can provide you with more than the basic amenities is probably a good choice. The better coworking spaces fit your business out with quality IT services, opportunities to network, and plenty of access to resources. With some of the larger leasing organisations, you might have access to office space in locations around the country and the world. These amenities can really be the foundation from which you establish your business.
Find Your Community
Coworking spaces are all about building community for its professionals and building opportunities to become a part of a close-knit community. In Singapore’s relational culture, family relationships and friendships form the basis of much business, and while your coworkers are not related to you, there are many opportunities to develop friendships. Coworking professionals should inspect their prospective space to see if the outfit makes an effort to engage professionals in a way that encourages social interaction. Because from these social interactions, you meet mentors who can help you navigate business in the country. Ultimately, community is going to create collaboration opportunities, which will raise your business’s profile.
Look For Flexible Leasing Plans
The benefit of the coworking lease is they tend to be less protracted than standard leasing options. However, when looking at your lease, think of the many ways you need to use this space. Some considerations include whether space is going to be used primarily for work or for networking as well. Another important consideration relates to leases that offer incubator and accelerator programs that help business growth. Other considerations include whether or not you can scale the lease up to include more amenities as your business grows. The more flexibility that there is in the lease the more opportunities you have to maximise the space’s versatility.
Make Sure The Place Is Accessible
If your business requires you to meet with a large number of clients, one consideration to keep in mind is accessibility. For this reason, while trendy coworking spaces can bring in the cool factor, finding a space that is centrally located to transit and other foot traffic sources is important because not only are these spaces highly visibly they tend to have access to easy parking. Keep in mind, spaces that are out of the way and have little-to-no parking can be an aggravation for clients to find.
Keep Budget In Mind
Singapore offers professionals a variety of options in leasing coworking space. However, while coworking is a much cheaper alternative to leasing traditional space, it can still get expensive. Before entering a lease, shop around to ensure you are getting the most bang for your buck in this market. Face it, no point leasing a space that is as expensive as one that you could get through a traditional lease.
Tips For A Finding Great Workspace
Singapore’s numerous coworking spaces are available for rent in and around the country. However, from the many options, choosing premium space really all depends on your business needs and the way you plan to use the space. Ultimately, though, the above considerations can help guide you in choosing your perfect space.