Office Space For Entrepreneurs & Start-Ups In Hong Kong

For foundling companies in their early stages, keeping the budget clean is absolutely essential. Deciding when is the best timing for moving the company out of your home office or coffee shop is key. Doing so at the wrong time can create a leak in your finances, which prevents your business from growing. So when is the right time for a start-up to look for an office rental in Hong Kong?

There are a couple of signs that it’s the time to look for a cost-effective start-up office:

1. Are you planning to hire another pair of hands? If your team grows to three or more, it’s probably time to find a start-up office space.
2. If you’ve already formed a team, evaluate their working styles and needs. Would being in the same business space improve communication? Would facilities provided by serviced offices enhance employee morale, i.e. social breakout areas for relaxing, complimentary pantry access and meeting rooms for team meetings?
3. Is your firm client-facing? Do you require professional serviced offices to meet investors, vendors, partners, and clients?
4. Are your services or products becoming more and more in-demand, such that you expect to grow exponentially within the next year? Get into an office space for start-ups now that will grow with you depending on your needs; with Compass Offices’ flexible lease terms, you won’t have to worry about long-term commitment.

As a stimulating region for budding tech, investment, and financial firms, there are different business space options for young companies in Hong Kong. From a wide scope, there are two main types of offices: conventional offices and flexible workspace like serviced offices and co-working spaces.

Traditional offices are empty spaces leased out per square metre. These office rentals usually require long-term commitment of two years at minimum. They also cost more at the outset, requiring design, renovation, outfitting, and furnishing. There’s typically more of a focus on individual cubicles and dedicated desks rather than an open layout.

Serviced offices are typically more cost-effective than conventional offices. Rental cost is calculated per work desk, and business services like printing, copying, Wi-Fi and IT infrastructure are included. This combined with their inherent flexibility (you can move in and out quickly because they are business-ready; lease periods are allowed to be much shorter at months, weeks, or even days if required) means they make much more sense for start-up companies.

Compass Offices also offers shared offices and co-working space in Hong Kong if you’re in need of a short-term solution. When you grow, our suite of options creates a seamless transition from shared workspace to a scalable private office.

The pros of renting entrepreneur office space at serviced offices are manifold. We understand that there are a lot of moving parts that come with growing your passion into a workable business. So we offer the financial and logistical flexibility so that you can focus your capital in high growth aspects.

With Compass Offices, benefit from smaller security deposits and lower investment for long-term payoffs when you impress your clients and customers. You can start at a hot desk, move to a short-term rental in shared office space for start-ups, and then scale into a larger office or even a different business centre in Compass Offices’ extensive network when you expand. We don’t incur penalties for relocating to another one of our locations throughout Hong Kong.

Enjoy all the perks of a corporate-grade office, 24/7 secure entry, the latest in wireless broadband, Grade A amenities and prime location without the rigid contract terms.

Traditional offices require fit-out, equipment, utility and administrative services that incur high start up and CapEx costs. More than anyone, start-ups need cost-effective workspace solutions. At Compass Offices’ business centres, all tenants (no matter if you’re renting a start-up co-working space or office suite) can avail of the all-inclusive services like a modern furnished private office, contemporary interior design, business lounges for unwinding and casual meetings, corporate fitted meeting rooms with industry-leading conference facilities, printer and broadband Internet.