What are the Benefits of a Serviced Office?

In the past, starting a business involved the challenges of finding a suitable location, committing to a lease, and setting up a functional workspace. Fortunately, times have changed. Today, serviced offices are a popular choice, providing fully equipped, tailored, and flexible office solutions. In a city like Hong Kong where space is at a premium, these workspaces not only ease the financial burden but also boost productivity, teamwork, and professionalism. Compared to traditional offices, serviced spaces promotes flexible lease lengths and lower upfront costs, while offering a more private and professional setting than coworking spaces. Read along to find out how you can benefit from a serviced office

Ready-to-Move-in Offices

Whether you’re setting up a new office or relocating, ready-to-move-in offices make it a breeze. Fully furnished workspaces save valuable time by eliminating setup and installation hassles, unlike traditional offices. From desks to kitchenware, everything is included, allowing businesses to focus on their operations without downtime, and avoid the need to handle bulky equipment when the lease ends. Plus, the professional image projected by amenities like receptionists and meeting rooms enhances credibility with clients. In a serviced office, businesses can hit the ground running and make a strong impression from day one.

Flexibility and Scalability

Flexibility is key in office leases, particularly in a dynamic city like Hong Kong: when land is scarce and the rental rate is high, starting with a smaller space and scaling up as the business grows is advantageous. Serviced offices allow businesses to rent for as little as a month, and later move into bigger or smaller space based on needs. A certain level of freedom is also permitted for customisation, helping to reflect the company's brand identity and accommodate changing requirements seamlessly. This adaptability and scalability empower businesses to thrive in a rapidly changing environment.

Offices in Premium Locations

Another benefit of having a serviced office is being in the heart of the city and staying close to your clients and competitors, bringing convenience and prestige to your operation. Yet, in CBDs like Central and Admiralty, rental rates are among the highest in the world. Hence, renting a serviced workspace in a prime location, for instance, our centre at the well-known Cheung Kong Center, is an affordable alternative to long-term leases, placing your company close to public transportations and local amenities, enhancing accessibility for both staff and visitors. With serviced offices, you can effortlessly establish your presence in premium locations and impress clients with a prestigious address.

In Hong Kong, Compass Offices offers grade A building in various districts such as Central, Sheung Wan, Admiralty, Causeway Bay, Tsim Sha Tsui and North Point.

Cost-Efficiency Workspaces

Choosing a serviced workspace in Hong Kong proves to be cost-efficient in the long run. While initial costs may seem higher than traditional leases, it covers all essentials like rent, maintenance, utilities, and even support staff expenses. This bundled fee ensures total cost transparency, freeing up cash for other business priorities. Moreover, according to JLL, the average fit-out cost in Hong Kong is the highest among the Asia Pacific region at HK$ 1,040/ft2, and serviced spaces come fully equipped with amenities, saving both time and hassle over time.

Convenience and Amenities

Fully furnished spaces not only prevent the hassle of setting up the office but also provide standard common facilities like Wi-Fi, meeting rooms, phone booth, common areas, and some kitchen appliances like microwaves, coffee machines and more. Premium serviced offices like Compass Offices go beyond the basics, offering access to a staffed reception area, mail handling, and multi-location access, allowing businesses to focus on growth without worrying about administrative tasks. Additional pay-as-you-use services like virtual offices, conference room for a meeting, and access to different locations further make it a convenient one-stop solution without hidden costs.

Professional Image and Networking Opportunities

In Hong Kong's highly competitive market, maintaining a professional image and seizing networking opportunities is beneficial to business growth. A serviced office space enables you to impress clients with graded buildings, stylish design, multilingual (i.e. English, Cantonese and Mandarin in Hong Kong) and trained client services, and well-equipped meeting rooms. Plus, shared spaces encourage connections with professionals from diverse backgrounds, such as spontaneous connections during coffee breaks or communal events like happy hours, guest talks, workshops, and seminars. In this type of shared environment, you have the chance to meet and build relationships with fellow business leaders without leaving the premises.

Tech Infrastructure and Support

Top-notch tech infrastructure and support services form a strong backbone for your business. Here, we are talking about more than just fast Wi-Fi, but the ability to secure confidential information, ensure connection stability, and adaptability to your own servers. Serviced offices provide fast Wi-Fi networks throughout, alongside business-grade broadband internet for efficient and secure connections. With dedicated on-site IT teams, hardware and software issues are swiftly resolved, ensuring minimal interruption to operations. The monthly fee covers admin support, cleaners, and reception staff, so you don’t need to manage your own. Furthermore, with flexible leasing options, businesses can expand into new markets with ease, benefiting from the international locations of serviced workspaces.

Low-Risk Solution

When running a business in the competitive market of Hong Kong, known for its high costs and competitive market, opting for a serviced space can be a low-risk solution compared to conventional offices. First, you avoid long-term commitments with flexible lease terms, adapting easily to market changes. Also, unlike traditional leases where you might overcommit or outgrow the space, serviced offices allow you to rent precisely what you need, avoiding unnecessary expenses and ideal for small businesses watching their costs. As your business expands, you can transition effortlessly to larger spaces within the same strategic location like Lee Garden in Causeway Bay, without facing a heavy financial burden.

Serviced offices two months rent free promotion

How To Get Started?

Looking for a serviced office in Hong Kong? Compass Offices offers a range of workspace solutions across 11 locations in the city's CBDs, including Admiralty, Central, Causeway Bay, North Point, Sheung Wan, and Tsim Sha Tsui. With flexible lease terms starting from just one month, you can enjoy the freedom of a monthly rolling agreement, allowing you to adjust your office space usage according to your evolving needs. From professional offices to contemporary workspaces, Compass Offices provides the ideal environment for businesses of all sizes to thrive in the metropolis of Hong Kong. Take advantage of our trial period during promotions and stay tuned for the latest updates.