David Seinker, CEO of The Business Exchange, which provides flexible, serviced office space in both South Africa and Mauritius, says, “Companies are looking for better ways to manage their office space, especially after witnessing the impact that Covid-19 had on the way of working.”
Seinker says that companies noticed a significant amount of employees were able to work from home, albeit with some challenges. “The challenges arising from the absence of a formal office space include the lack of access to high-speed internet, data security, generator backup, IT technical services and access to printing, scanning, copying and faxing – amongst others,” continued Seinker.
Costs of Setting Up and Managing An Office
Most new companies setting up their first office, are severely restricted in the budget when it comes to purchasing expensive IT and telephonic infrastructure, as well as furnishing their new premises. Although more established companies may be equipped with tall he business tools that they need in the office, managing and maintaining this sophisticated infrastructure, as well as the premises, can become cumbersome, as most companies do not have a Facilities Manager dedicated to overseeing repairs and renovations.
Serviced office space becomes ideal in a situation where a cost-effective and integrated approach to managing the various facets of daily office life is required. The Business Exchange provides fully-furnished and serviced office spaces in various configurations to meet their tenants’ requirements, with choices between either private and shared office spaces.
Their cutting-edge facilities are fully-managed, reducing the burden on tenants and enabling them to concentrate on running their businesses. From the professional receptionist, personalised phone-answering service, custom fittings and furnishings to the fully-equipped meeting rooms, high-speed fibre internet, centralised documentation hubs and onsite cafes and coffee shops, this is a luxurious office space option to bear in mind, whether you are considering renting office space in South Africa, or further afield in Mauritius.
Flexible Office Lease
The Business Exchange offers flexible lease terms with fixed overhead costs, making it easy to budget, especially for new entrepreneurs. Serviced office space is highly appealing to new business operators because the setup is immediate and business operations can commence from day one in the office. There are no setup or expensive fit-out and furnishing costs. All that is needed is a laptop and stationery.
This agile form of office space, supported by flexible, short-term lease agreements, allows companies to quickly up or downscale the amount of space they need, as their business grows or the economy tightens. Although most serviced offices cater for individuals and small teams, The Business Exchange has the capacity to accommodate up to 200 employees. A set number of meeting room hours are also included in the monthly rate, with access to fully-equipped, high-tech on-site meeting rooms. Additional hours can always be negotiated.
The Business Exchange sets themselves apart from other flexible office space providers by assisting their tenants to grow their businesses through a variety of mentoring and business networking events. Their tenants also have access to an established network of investors, private and government institutions to assist with the growth of their businesses.