Quick Business Guide to Business Set-up
Manila gained a progressive reputation of being the global hub for serviced office providers as a product of past regimes' efforts on capitalizing the Business Process Outsourcing of Call Center industry. The increasing demand tasked a profitable commercial real estate among cities in Metro Manila such as Makati, Taguig and Quezon City with a promising up to 1.8 million square meters addition to the market due in 2017. The thousands of listings added to real estate commercial space for rent in Makati Business District annually is a symptomatic trend of this projection.
For businesses comprised of small teams or for new ventures that require assistance in commercial realty, serviced office space has become the viable guide to business set up. Not only does it eases the higher monthly cost with less overhead and liability expenses relative to independent office space, the commercial real estate structure also provides foreign investors access to the working culture and make the necessary transition at such a fast pace.
Serviced Office offers flexible contracts which usually comes with price dependent on myriad local regulations and branding of the provider. The convenience could vary from partially equipped to fully-furnished offices and business centers with staff management services that might include Human Resources. The package value are usually based on either per seat or per office cost while some companies rely on the 1.5 square meters ratio per person in calculating value. A pretty close estimate of averaging cost in Manila's Business district centers amounts to between P12,000 to P20,000 per seat. Over time, the aggressive competition in real estate among providers expanded value added services to comforting basic amenities such as work station facilities (expected to cover furniture, telephone or VOIP lines and internet access), pantry, reception area, conference room, and resting quarters common in call center industries.
The growing number of serviced office provider opens wide windows of opportunity that challenges the conventional office space for rent. It creates a practical solution for companies whose business models need high regards to culture, accessibility to resources for quality products and services, cost effectivity and contract flexibility.
