Office leasing in Kuala Lumpur’s rental market indicates it is a renter’s market. Ahead of indicators that project lower rents as a result of a weakened economy, businesses have the chance to cash in on working in some affluent business districts in the country. For those entrepreneurs who are used to working in the country, finding space in any of the major cities is simple.
For those who are not, traversing a rental market-no matter how inexpensive the leases are—can be extremely difficult. However, coworking provides your business with an inexpensive, flexible option for leasing space, which is great if you only plan on working in the space temporarily. The coworking space is a shared office space plan that allows you to work with others in a nurturing environment. Please click onto the following link http://www.servcorp.com.my/en/coworking/ to see how this plan can work for your business.
Let’s take a closer look at coworking spaces in Malaysia and how they can help your business break into the Malay marketplace.
Types Of Coworking Spaces
The three types of coworking spaces you might find in the country are industry-specific and niche spaces. Industry-specific spaces cater to businesses within a particular industry. Technology coworking spaces, for example, are one type of industry-specific space, and coworking spaces that cater to start-ups are an example of niche coworking spaces. Then, of course, you have the general coworking space that caters to businesses from all industries.
Whether one is better than the other depends on the needs of your business. However, a great advantage of the general coworking space is you are exposed to a variety of professionals across industries, which makes accessing information and people easy. Industry-specific and niche coworking spaces have the advantage of being able to focus on the needs of a particular industry. Conversely, they can be limiting because your coworking space does not have the industry diversity.
Primary Benefits Of The Space
The major benefit to the coworking space is seen in your budget. Coworking reduces the amount of overhead paid out monthly simply by allowing businesses the chance to share space with other professionals. An added benefit to reducing the cost associated with leasing space is the fact that many of these offices are in prime locations in and around major cities, in these cases Kuala Lumpur or even Damansara City. In essence, businesses get the benefit of working in downtown areas at a much lower cost.
Another benefit relates to the mission of most coworking spaces. The mission of these spaces is to promote collaboration, and so many of the activities centred on getting professionals to engage with the community. Activities that are used to promote community include pitch nights, movie nights, barbecues, conferences, and networking events. Ultimately, the space is comprised of an eclectic group of professionals, and the space is the platform from which innovation and creativity create opportunities.
Primary Disadvantages
As a part of a shared space, you share the office with other professionals, and in the coworking space, this means that the office can be quite busy with activity, and quite loud. Even with the designated areas, you can find that the spaces are lively. If you are easily distracted, though, you can always rent a dedicated desk or a private office. Ultimately, even this issue is not that big of a deal, especially when these offices are opened in some cases all day and can be used to your convenience.
Coworking Malaysia
Coworking in Malaysia can open up new opportunities for your business, including collaboration. The coworking fit out is great for all businesses, as even corporations are seeing the benefit of this plan. For your business, you get the advantage of working in an exciting, engaging environment while networking and building a foundation for success for your venture.
