“Asking prices” are the offered prices or “sticker prices” for the space, before any negotiation takes place. Space owners are often willing to accept less than the asking price if you take a lease of 6 months or more (at coworking, serviced offices, and surplus space). Discounts are generally based on the length of your license or lease, how many people you have in your company, the health of your company. Space owners of long-term spaces are also open to negotiation.
Asking prices for day pass are generally not negotiable. Some coworking spaces and serviced offices offer a free day pass which you can claim through GorillaSpace.
Also known as co-working; same definition, different spelling.
Term is first coined in 2005 as a style of work that involves a shared office space. People who work in co-working spaces are not employed by the same organization. They work alongside one another in hotdesks, permanent desks or team rooms. A coworking space typically has shared amenities and services eg: reception, printers, break-out spaces. Coworking spaces generally hold networking events, Lunch-and-Learns and social Fridays. Some coworking spaces may curate members.
Increasingly, serviced offices are also offering coworking space options in hotdesks and permanent desks.
Also known as dedicated desk, fixed desk, or permanent desk.
Users who use designated desks have their own dedicated desk at the coworking space. They can leave their belongings, screens etc. overnight. The area is usually secured and under surveillance.
A space used for the purpose of holding events. The specific choice of event space will vary depending on the expected turnout (size) of the event.
Also known as designated desk, dedicated desk, or permanent desk.
Users who use fixed desks have their own dedicated desk at the coworking space. They can leave their belongings, screens etc. overnight. The area is usually secured and under surveillance.
Also known as a flexible office.
Flexible spaces include coworking spaces, serviced offices, and surplus space. They are called flexible spaces because they allow a business to take more or less office space when the business scales up or down. Businesses can sign short-term leases of less than 12 months.
Also known as hot desk or hotdesking.
These are desk spaces that are used on a first-come, first-served basis. People who use the hot desk option in coworking space are free to sit at any hot desk area or seat for the day. You would not typically leave your belongings overnight at hot desk areas, as they would be cleared. If you need to store your items, request for a locker.
Internal offices are private offices without windows. They are generally the cheaper option at serviced offices or co-working spaces. Some internal offices are built with glass, smoked glass or partially covered glass and can be slightly bigger in size. (They're not as claustrophobic as the name implies!)
A space that includes a large meeting table, chairs, and sometimes a projector or video player.
Typically offered in serviced offices, private offices are offices that are available only to the company and its users. Private offices can accommodate 1 to 30 persons.
Private Office With View
Private office with view means a private office with windows. These typically are rented out at a slight premium over internal offices.
Square foot: a unit of measurement for prices. 10 sq ft = (around) 1 sq m.
Square meter: a unit of measurement for prices. 1 sq m = (around) 10 sq ft.
A tax on legal documents that relate to the transfer of assets or property.
*Term taken from the Glossary of Commercial Real Estate*
The Mass Rapid Transit, or MRT, is a rapid transit system forming the major component of the railway system in Singapore, spanning the entire city-state. Daily ridership: 3.1 million people.
Also known as designated desk, dedicated desk, or fixed desk.
Users who use permanent desks have their own dedicated desk at the coworking space. They can leave their belongings, screens etc. overnight. The area is usually secured and under surveillance.
A sum of money held by the space owner for a fixed term that may range anywhere from a month to a few years. Rental deposits are usually returned to the renter when the contract is completed. Specify the date or a given time period for rental deposits to be returned in the contract.
A serviced office is an office that is fully equipped with shared work amenities and managed by a facility management company. The serviced office is usually divided into smaller individual offices or floors to other businesses.
A space owner operates the coworking space, serviced offices, surplus space, meeting rooms, training rooms, workshop space and event space. In the case of long-term offices, a space owner is the landlord.
A form of ownership created for multi-level office blocks. Strata-titled office buildings generally have smaller office spaces with many different smaller landlords.
A team room in a coworking space is a private office for the company and its users. It can range from a 2 person private office to 30 persons. Many space owners would be happy to fit out the space to accommodate the growing numbers.
Also known as private office or private room.