In Southeast Asia, renting a high-quality office is a bit of an inconsistent experience. There are some areas, like Hong Kong and Singapore, where rates are sky-high, and businesses routinely struggle to find space. Then, there are countries like Malaysia which are moving in the opposite direction.
Here, vacant offices are everywhere, because supply is outstripping demand. Ultimately, both scenarios come with big challenges. However, if you’re looking for a low-cost commercial real estate, the latter is preferable. Oversupply may be bad news for landlords, but it means that prices are coming down for tenants. There is also a diverse range of options available.
Keep reading to learn more about these options and why flexible workspaces might be the best choice for your business.
Always Look for Quality
The problem with oversupply is that all types of landlords are now finding it hard to fill their offices. This makes it tricky sometimes to distinguish the great from the average. However, it’s important if you want a productive company. Check out www.servcorp.com.my/for inspiration.
The workspaces offered by this provider are a little different. This is not a conventional landlord. Instead, the company manages a facility of high-end offices with fully negotiable contracts and flexible terms. Many of their suites even come fully furnished and ready to use.
Pick a Precise Location
Location is really important for businesses, whether they’re operating in Australia, Thailand, or Malaysia. If possible, limit your search for an office inthe capital city of Kuala Lumpur, because this is where you’ll find the most impressive neighbourhoods.
Even if you’re working on a tight budget, try to invest in a central location as it has the potential to boost your brand. Flexible serviced offices make it easy for smaller companies to afford luxury addresses by including heating, lighting, and maintenance in the monthly fee.
Secure a Meeting Space
In Malaysia, a lot of value is placed on formal meetings and introductions. Therefore, it’s helpful to have access to a premium conference space, with top class facilities. Once again, serviced providers are great for this. These centrally located buildings contain meeting areas.
They are fully stocked with the latest presenting and media tools. The décor is world class, and you’ll be hard-pressed to find a more comfortable conference room. It’s just as well because you’ll need to impress some influential people if you want to make it big in Malaysia.
Consider the Little Things
When making a final decision, try to consider as many variables as possible. This includes external features, as well as things like server capabilities and conference room access. For instance, look at the transport links in the area. Are they good enough for your employees?
Small details likethe number of parking spots can make a big difference, especially if you plan to entertain clients and investors on a regular basis. Think about security. Ask questions about who can get in the building and what services the onsite maintenance team provides.
The Benefits of Working with a Serviced Provider
If you want an office that involves minimal downtime and operational risk, serviced facilities are a wonderful choice. These beautifully designed workspaces are entirely private – you don’t share with other tenants - but the terms are flexible.
For a manageable, ‘all in one’ rate, you can enjoy a fully equipped office in a location like the NU Tower 2 or the Menara Citibank without having to sign a lock-in lease. Serviced vendors do not make demands of their tenants. When you want to leave, all you have to do is ask.