{"id":29181,"date":"2019-09-09T11:50:18","date_gmt":"2019-09-09T03:50:18","guid":{"rendered":"https:\/\/www.99.co\/blog\/singapore\/?p=29181"},"modified":"2022-06-13T17:24:03","modified_gmt":"2022-06-13T09:24:03","slug":"money-saving-renting-office-space","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/money-saving-renting-office-space\/","title":{"rendered":"Money Saving Hacks When Renting An Office Space"},"content":{"rendered":"
<\/div>

So you\u2019ve started your own company, and you\u2019re hoping that you\u2019ll be the next Uber\/Grab\/Airbnb.<\/span><\/p>\n

To manage your cash flow efficiently, you\u2019ll want to pick an office space that you can afford, not one that will burn a hole in your wallet.<\/span><\/p>\n

In this blog post, we share five money saving hacks to keep in mind when renting an office space. Read on to find out more!<\/span><\/p>\n

#1: Think about whether you really need an office space<\/b><\/h3>\n

We get it. It\u2019s not cool to work out of your home, or your parents\u2019 home.<\/span><\/p>\n

But think about it – if you opt <\/span>not <\/span><\/i>to rent an office, this might save you, say $3,000 per month. You could put this $3,000 to developing your app, marketing your product, or bringing onboard a full-time hire.<\/span><\/p>\n

Bearing this in mind, only rent an office space if you really need to.\u00a0<\/span><\/p>\n

If you can\u2019t bear to splurge on a full-fledged office, but you don\u2019t want to work from home, one great option is to utilise a co-working space.<\/span><\/p>\n

PS: The government even provides a <\/span>free <\/span><\/i>co-working space<\/span><\/a> for Singaporean citizens who have companies registered in their names.\u00a0<\/span><\/p>\n

#2: Set a budget, and commit to it<\/b><\/h3>\n

Assuming that you DO really need to rent an office space, your first step should be to evaluate your finances, and set a budget.<\/span><\/p>\n

Why can\u2019t you window-shop and compare prices, then decide how much to spend?<\/span><\/p>\n

Because it\u2019s easy to get sucked into the world of fancy, Instagrammable offices and end up paying through the nose.<\/span><\/p>\n

While you\u2019re setting a budget, also make a list of \u201cmust-haves\u201d and \u201cnice-to-haves\u201d, so you won\u2019t get swayed by all the extra perks that some offices might offer.<\/span><\/p>\n

For instance, say you\u2019re looking at a Soho unit at Tanjong Pagar that comes equipped with gym and pool facilities. If you\u2019re not a fitness junkie, and you can\u2019t remember the last time you hit the gym, then there\u2019s no point paying extra for these facilities that you won\u2019t end up using.<\/span><\/p>\n

#3: Consider renting an empty office<\/b><\/h3>\n

Fitted or furnished offices are super convenient – they come with all the necessary furniture, so all you have to do is grab your laptop and charger, and move in. That said, you might need to pay a premium for this convenience.<\/span><\/p>\n

If you can\u2019t find any furnished offices within your budget, consider renting empty offices instead. It\u2019s straightforward enough to purchase your own office furniture to use – IKEA even has an <\/span>IKEA for business<\/span><\/a> offshoot that will help you get up and running.<\/span><\/p>\n

#4: Look for a space that you can sublease<\/b><\/h3>\n

Have a small team, and can\u2019t justify paying thousands on your monthly rental?<\/span><\/p>\n

Look for an office space that you can sublease, and share with other small companies. This is a quick and easy way of cutting your monthly rent by half (or more!)\u00a0<\/span><\/p>\n

#5: Compare rental rates and hunt for the best deal<\/b><\/h3>\n

If you\u2019re buying a new fridge for your home, you\u2019d probably shop around and see which retailer offers the best deal. When you\u2019re looking for an office to rent, it makes sense to do the exact same thing.<\/span><\/p>\n

Say you\u2019re eyeing an office unit at Tras Street, and you want to research the prices of other offices in the same area.<\/span><\/p>\n

To do this, just head to <\/span>99.co\u2019s commercial site<\/span><\/a>, select the \u201cFor rent\u201d option, then key in \u201cTras Street\u201d. This pulls up all listings within 1km of Tras Street, and you can drag and drop to change the distance:\u00a0<\/span><\/p>\n

\"money-saving-hacks-office-space\"<\/p>\n

Now you can quickly review your various options, and hunt for the best deal!\u00a0<\/span><\/p>\n

Are you thinking of renting an office space? Voice your thoughts in our comments section or on <\/span><\/i>our Facebook community page<\/span><\/i><\/a>.<\/span><\/i><\/p>\n

Looking for a property? Find the home of your dreams today on Singapore\u2019s largest <\/span>property portal 99.co<\/span><\/a>! You can also <\/span>access a wide range of tools to calculate your down payments and loan repayments<\/span><\/a>, to make an informed purchase.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

So you\u2019ve started your own company, and you\u2019re hoping that you\u2019ll be the next Uber\/Grab\/Airbnb. To manage your cash flow efficiently, you\u2019ll want to pick an office space that you can afford, not one that will burn a hole in your wallet. In this blog post, we share five money saving hacks to keep in…<\/p>\n","protected":false},"author":36,"featured_media":29184,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_lmt_disableupdate":"","_lmt_disable":"","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[53653,53593,57131,53590],"tags":[53657,53658,54312],"persona":[],"class_list":{"2":"type-post","14":"entry","15":"has-post-thumbnail"},"acf":[],"yoast_head":"\nMoney Saving Hacks When Renting An Office Space<\/title>\n<meta name=\"description\" content=\"So you\u2019ve started your own company, and you\u2019re hoping that you\u2019ll be the next Uber\/Airbnb. 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