4 Things To Keep In Mind Before Renting A Workspace

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There are many reasons to look for a new workspace – starting a new business, office expansion or a change of location. Regardless of which one you are, it’s important you take careful considerations when selecting your space.

At first thought, it may seem difficult to execute the office move successfully or choose the right space – however, with a little planning, you’ll be able to find the perfect workspace.

Below, we will be listing down the factors you should consider when you are planning to rent a new workspace.

Identify your requirements

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All businesses and start-ups need space for working – but the specific requirements may vary between different businesses. You will have to start by assessing what you prioritise in your new workspace: are you looking to save by going for a budget business space? Or will a self-storage give you the extra storage you are looking for?

Depending on your business needs, you need to carefully evaluate every workspace you are interested in to make sure it matches your requirements. If insufficient space is what you’re dealing due to the company’s rapid growth, Work+Store offers a wide array of the cheapest self-storages in Singapore that start at 6 sqft and go up to 730 sqft. In the event that you require more space – there is even an additional option of mini self-storage lockers in two sizes – 1m x 0.6m, 1m x 1m for $39 and $59 per month, respectively.

Calculate total expenses

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Renting a workspace isn’t just limited to the rental rate alone – you have to consider other costs like ventilation and lighting. When calculating the budget, you should include the expenses for these and other such facilities. Managing your costs at the very start is crucial – in the long run, you’ll understand what expenses you’ll need to pay for every month.

Simply put, you will need to choose a workspace with all-inclusive rates. At Work+Store, our workspaces are equipped with basic facilities such as air conditioning, lighting and a powerpoint. On the other hand, we offer the cheapest self storages which share work and storage space together – so you can better manage your goods and smoothen logistic procedures. In turn, this does not only help you save more for other office expenses – but also helps you focus on serving customers as well.

Pick the right location

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While your budget will play a huge role in deciding the choice of your rented workspace, location is yet another important factor to consider. Your aim should be to find the best workspace rental which is well-connected by public transport, accessible by private transport, in the vicinity of public amenities, and located in a safe area.

At Work+Store, our workspaces start from 88 sqft onwards so you can find the ideal space which meets your business requirements. You can also pick a suitable workspace which is more convenient for you and your employees. We have 10 locations across Singapore comprising Tampines, Pasir Panjang, Ang Mo Kio, Aljunied, 72 Eunos, 100 Eunos, Upper Thomson, Bukit Merah, Ang Mo Kio and Kallang. Additionally, our workspaces at Aljunied are having a rent-free promotion to help you enjoy more savings. Contact us for more details. Terms and conditions apply.

The appearance of your space

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Modern and efficient workspaces need to be designed elegantly in order to ensure maximum productivity for your employees. Whether it’s a small or huge workspace you’re getting – it’s important to tap the full potential of every inch of available space. In other words, you must give due importance to the layout and the final design of your workspace.

For you to easily decorate your workspace, you’ll need to have full access to your unit whenever possible. Work+Store provides 24-hour accessibility and camera surveillance for both our workspaces and self storages. That means you will be able to access the workspace at whatever time possible and furnish your space accordingly to your desired theme or design. Meanwhile, if you are ever interested in switching up your workspace – our flexible lease terms give you the opportunity to do so. We offer short term lease and contract transfer to other products or services within our establishment or even our parent company, LHN Group, comprising options – such as commercial and industrial units, event venues, pop-up store location rental, vending machine spots, and so on.

Every successful business has to start from somewhere – and one thing to look out for in the beginning is the choice of workspace. Keep to the above-mentioned points and you’ll pick out the right space for your business.

If you wish to find out more about Work+Store and our other storage options, feel free to contact us at +65 6578 9966 or WhatsApp us at (65) 8345 9966. Alternatively, you can email us at space@workstore.com.sg for more information!