Finding office space in Brisbane CBD can be challenging for small businesses and startups
If you’re interested in taking your business, brand, or big idea to Brisbane, now is the perfect time. Commercial real estate is currently at an all-time low. It’s a major disappointment for landlords, but tenants have the opportunity to grab a top spot for a bargain price. This includes many of the most prestigious addresses in the central business district.
At the moment, all office space in Brisbane CBD is priced lower than it was five years ago. However, it can still be challenging for small businesses and startups to get a foot on the ladder. When you’ve already spent a huge amount on launch expenses, the last thing you want is to get stuck with an unsustainable workspace.Here are some clever ways to grab a premium office space in the CBD, without condemning your business to big debts.Click To Tweet
Fortunately, there are some clever ways to grab premium office space in the CBD, without condemning your business to big debts.
Think Outside the Box
If you can’t afford to pay for a traditional, three to five-year office lease, you don’t have to. In fact, even if you can, there are plenty of alternative options that could be a better match for your business. Serviced suites are one of them because they combine quality and flexibility.Serviced offices are an easy way to secure an impressive location because they don’t charge tenants in the usual way. While quoted rates are as you’d expect, do be aware that, in this case, they contain all logistical utilities (heating, lighting, cleaning, and broadband, etc.)
Just One Monthly Payment
It means that serviced tenants, even in the best locations, make one monthly payment for the use of a complete office. Whereas, rival companies in traditional rentals are paying the same fees for a private office. Plus, they’re also paying two, three, or even four utility companies.Not all tools and resources will be included in your initial fee, but most vendors allow tenants to make changes to their agreements. If there is an onsite service or a supplementary facility you’d like to use, it’s just a matter of adding it to your monthly fee once or regularly.
Help from All Sides
It’s worth mentioning that you could claim a prestigious address and still save money by outsourcing some of your work to the onsite staff. Serviced facilities provide comprehensive back office support, in the form of PAs, secretaries, receptionists, tech consultants, and more.
So, if you’ve got a one-off project that requires a particular skill, it’s a good idea to speak with the onsite staff. You could hire your own employee, but this is likely to cost substantially more. When hiring internally, you stop paying for the support as soon as you no longer need it.
Low Stakes, Minimal Risk
The best-serviced providers understand that running a business is tough. The stakes are always high because the company is your legacy and your future. They also know that, if your workspace is suitable and supportive, you can focus more attention on managing these risks.
They help to minimise overheads by offering utilities as part of the monthly rate. In addition, these vendors allow tenants to make adjustments if their circumstances change. In other words, you could potentially move to a smaller suite if you ever have trouble with payments.
How to Spot a Great Office in a Crowded Market
When looking for a suitable impressive serviced office, the best plan is to prioritize locations where a lot of things happen, whether it’s shopping, corporate meetings, or networking. In Brisbane, the obvious target is the central business district (or CBD), because it’s associated with wealth and business success.
In a spot like this, a traditional lease is going to be priced very high, and it won’t come with any additional extras. The likelihood is that you’ll have to delay your relocation until you’ve negotiated with utility providers. You may also have to arrange your own furniture and carry out tests on broadband and phone lines. All of this time that could be spent making sales.