Renting a premise could be a considerable expense and burden for your financial burden. When hiring a traditional office space, you can’t only pay on a month-by-month basis, and then opt-out of the contract if the business didn’t go the way you expected – you usually will be bound to a fixed term of 3 to 5 years.
Moreover, you have to purchase all of the necessary communications systems, furnish, decorate the interior as well as establish your brand in the area. Nevertheless, serviced office often being overlooked as their monthly rental fees are considered higher.
However, you need to look at the bright side before passing the judgement. Serviced office basically pay-as-you-use space, and they usually have plenty of benefits that could make them a more than a worthy investment.
1. Added Flexibility with Short Term Lease Agreements
According to office space in Malaysia, most of the businesses that rent serviced offices are searching for short-term lease agreements. Operators will rent the serviced office in Kuala Lumpur on a rolling basis. In other words, you only need to pay at the end of each month for the facilities that you have used.
Due to the small contract lengths, rental prices are often more expensive. However, the contracts often come with far more extensive and facilities and give your business more freedom if things don’t work out.
2. Access to Pay-as-You-Use Facilities
Similar to coworking space in Kuala Lumpur, you will only need to pay for what you need for office space for rent in KL. Moreover, all of the spaces, services and facilities in the office such as meeting room, copiers and even staff are available
For instance, if you are having a meeting with the important client and need to reserve a conference room, you could hire one on a per-hour basis.
3. The chance to Test New Markets
When it comes to business, split testing is the ideal way to figure out what marketing method will be the most effective and beneficial for your business. With shared office space in KL, you could test multiple markets in different locations without having been tied to the long-term investment.
On the flip side, if you are expanding and still in doubt on which city to target next, you could test more than one location with minimal risk, and then base your final decision on concrete results.
No Downtime When Moving In
When you are moving to new premises, the downtime could significantly hinder the flow of business. Services office is already set-up and ready-to-use. Everything from the communication system to office equipment will be operational from the second you step in the door.
So, you won’t have to suffer any downtime waiting for phone and internet companies to install the new lines or set up a brand-new gear at your office.
Access to Top-Quality Equipment & Trained Staff
Serviced officed is operating the service that similar to the virtual office in Malaysia, where the operators strive to maintain their staff and technology while ensuring all of their services and facilities are of the top-notch quality.
Buying equipment or hiring full-time staff also requires more massive overheads. When hiring equipment or staff from the serviced office, you are not bound to any contracts while the quality of the staff is guaranteed.