It is important to have realistic expectations when leasing office space in Singapore.
This Venn diagram can help you visualize and decide your office priorities.
The Venn diagram works like this. There are three key points:
- Good Location
- Cheap Rental
- Premium Building
Your office requirements can be any two of these but never all three.
That means there’s always a trade-off. Example:
- Good Location + Premium Building = Expensive Rental
- Good Location + Cheap Rental = Aged Building
- Cheap Rental + Premium Building = Decentralized Location
So with that in mind, focus on 2 office requirements that you should be prioritizing. This will definitely prepare you for what to expect in the office market.