When a company is searching for a conventional or standard commercial office space, it usually comes in 3 different unit conditions and they are:
The premise can be as bare with just the 4 walls with concrete flooring, no false ceiling, but with provision of centralised aircon. However, bare unit condition varies between different office building. For Grade A offices, it will usually come with the basic fixtures such as central air con, raised flooring and false ceiling for a bare unit.
Tenants choosing a bare unit will have to build the office from scratch. This will usually involved engaging an office space planner or interior designer to assist in fitting out the place to suit the company’s plans.
- Partial Fitted Office Unit
The premise may have some of the fixtures like aircon, lighting, carpet and partition rooms.
Tenants choosing a partial fitted unit get to save some fitting up cost and they will require to engage a office renovation contractor to do some minor alteration and addition to build on the existing fixtures.
The premise may already have equipped with all the fixtures such as aircon, lighting, carpet, partition rooms, workstations, IT infrastructure and office furnitures etc.. The tenant can just bring in their laptop and their briefcase to start working in the premise.
Tenant choosing a fitted office
can expect to do minimal or no addition and alteration if the unit match their requirements closely. However, most of the time where a fully fitted unit is concern, fixtures and fittings are usually left behind by the previous tenant. Therefore, some may appear to look old and dirty.
Finding a commercial office space with the right location, size, price and building to suits your company’s budget, vision and image can be a tedious, daunting and time consuming task. Companies will have to set aside a substantial initial cost to undertake a office lease depending if they are signing on a lease with the unit that is bare, partial fitted or fully fitted. However, the monthly rental expenses will definitely be lower than a service office/business centre for the lease period of 2 to 3 years.
Looking for ready fitted offices in Singapore,
- Office space and design can be custom made to align with company’s requirements.
- A standard office contract provides you with the security of longer lease term ( 2 to 3 years ) in the same premises at the same rental rate throughout the lease term. Many lease agreements provides the possibility of renewing the lease at pre-determined prices and condition. This means that you will minimise the chances of the need to relocate your office as it could potentially cause significant disruption to your business.
- For conventional office space,the ongoing running expenses will almost certainly be significantly lower than a serviced office.
- For companies that does not require their clients to go to their office, some are able to get by with a simple office layout and furnishing. Thus, renting a conventional/standard office is probably more cost effective even for new startups, provided favourable lease arrangements can be made.
- Standard office space requires a long-term lease of minimum 2 to 3 years. If your company is a start up or in some expansion phase, you will not have the flexibility to terminate your lease if you realise that you need to expand or cut down on your office space. Thus, it is always good to project the growth before making a decision.
- Standard office space will likely require high initial capital expenses for setting up the office infrastructure such as fitting up of the place from “Bare Unit” condition.
- As compared to a service office, You will have to maintain your company’s office infrastructure including reception, phone answering, mail handling, utilities services, IT setup and ongoing maintenance, office housekeeping etc.