Joseph Siswanto / Co-owner of CEO SUITE
What are the benefits of a serviced office?
For entrepreneurs, a serviced office eliminates the risks of long-term leases and the costs of renovation and equipment. Office space is provided as required on a daily, monthly or yearly basis with advanced meeting and training facilities, and secretarial services paid for only when needed. For home businesses, the option of a virtual office provides a prestigious CBD address and professional call-answering services. For foreign investors, a serviced office is a great way to test the China market as it does not require full-fledged capital investment until the business plan is secured.
Are there downsides?
The serviced office industry is very competitive and has seen the entry of many amateurs looking to make quick money.
What is the average cost?
Prices begin at about RMB 6000 per month.