The Pros and Cons of a Serviced Office in Manila
Renting a work space – may it be coworking space, virtual office, or a serviced office in Manila is definitely the best option for business owners who want to finally work in a professional setting, away from the “home-office” that they have been using for quite some time. However, the main problem they will encounter (eventually) is the dilemma of paying for all the costs that come with renting a traditional workplace.
Aside from being forced to pay for rental costs, they will also have to consider paying for the needed furniture, necessary office supplies, monthly utility bills, and a lot more. This is the reason why some company owners are looking for another office alternatives and solution in order to save some money.
In that case, they will be glad to know that there are actually numerous choices they may opt for, such as virtual offices, coworking spaces, or shared offices in Manila. The third option – shared offices – is really ideal, especially to those looking for a fully furnished office space.
What is a serviced office?
A serviced office is usually a floor in a building that exudes professionalism and has everything an office should have. They are usually a pay-as-you-use space which offers monthly to yearly rental. It is usually managed by a facility management company that offers flexible rental terms, a complete office set, and a flexible office space, which means that they allow expansion or reduction of space in a short amount of time. The management also allows their tenants to share the reception service, office machines, and other resources to reduce the expenses of their tenants that may very well have been unaffordable beforehand.
Furthermore, serviced office providers are a dime a dozen! They can be found anywhere in the world, even in developing cities like Mumbai or in Manila. Serviced offices are always present in them, which means that you will be able to find one wherever you are. If you are planning to rent a serviced office space, there are some things you must know to help you decide on whether to avail a serviced office space or not.
Pros of Serviced Offices
It is safe to say that these kinds of workspaces have truly been taking off nowadays as it entails a number of benefits and advantages that it brings to business people. In Manila, serviced offices have started to make its existence more prominent – most especially to sprouting business entrepreneurs. With these being said, the advantages of renting a serviced office in Manila or in any part of the world are as follows:
• Contract Flexibility
One advantage of serviced offices that traditional rental offices simply do not have is the length of stay of the tenant. Serviced offices have contracts that are good for a monthly basis while traditional offices have contracts that last from 3-5 years, or even longer.
With the monthly contracts, tenants have freedom over their stay in the space. If they don’t like the serviced office, they can easily leave after a month. With traditional offices, the tenant is required to utilize the space for the entire length of the signed agreement.
• High Quality Staff and Equipment
Serviced offices, especially in Manila, provide all the necessities of an office for the benefit of the tenant. This would mean that receptionists, as well as other services, are also being provided!
Ultimately, this would save the tenant a huge amount of money for they no longer have to hire receptionists and other staff separately. They can also be assured that these people, who are providing them with these services, are highly trained, so they don’t have to worry about the quality of their work. Moreover, tenants will also be receiving maintenance services to keep all the equipment in top working condition.
All of these are included in the contract they have signed and agreed to, which means there’s no need to worry about additional fees.
Cons of Serviced Offices
Of course, it is also important to discuss the disadvantages of renting serviced offices, so you really have an idea about this kind service. Here are some of them:
As mentioned above, serviced office providers include space, staff, and equipment in their offerings. This would mean that a large sum of money is needed to maintain their services. Also, due to the contracts being monthly in nature, the price you pay in renting the place may roll up over time.
Compared to the rental cost of a traditional office, a serviced office is significantly more expensive. However, you must take into account that everything you need in an office will be provided inside this workplace. Therefore, it is more expensive but only because of all the services and equipment you will be receiving, once you have agreed to the conditions.
• Lack of Branding
When you are staying in a building and you are just renting one floor, you won’t have any chance to promote your brand. Your client will have a much harder time looking for your office. This would mean that advertising your brand could be a tad more difficult when you are renting a serviced office in comparison to having your very own office building.
Availing a serviced office will always have its pros and cons; but it will always be up to you, the business owner, on whether you want to conduct your business in Manila’s serviced office, a coworking space in the Philippines, or a virtual office in USA.
If you are looking for a tranquil and conducive serviced office space here in the Philippines, then there’s only one serviced office that you can trust. Workplays, a newly developed serviced office, can provide and deliver all your office needs. Some of the perks you will find here are:
- Free coffee, tea, water
- High-speed internet with redundancy (backup)
- Fully air-conditioned rooms
- Private restrooms
- Modern design and feel
- 30k/mo. 1 year lock-in (all-in, meaning no need to pay for electricity, water, and internet separately)
- Up to 5 pax can fit comfortably in a pod
- Lots of nearby places to eat (Container Turf is right in front)
- Chill smoking area in the balcony
- Standing desks
- Weatherproof outlets (if you prefer to work outside)
Essentially, Workplays is an office setting that combines professionalism with the comfort that you need, so you can avoid all the stress that comes with working. To find out more information about our services, visit our webpage here.