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Renting a Business Office in Malaysia
Renting a business office right in the heart of Malaysia, which is the capital city of Kuala Lumpur, is one of the best things you could do for your business. Kuala Lumpur is a major business hub in Malaysia, with the majority of jobs and opportunities in the country located here. A company can easily become a success with the right office space in the right location.
Of course, one of the concerns for companies is to find office spaces with the best affordable rates. Businesses are a costly affair with a lot of monthly expenses to be taken into account, and office rates which are affordable are going to be paramount to managing a company’s business expenditure for maximum profit. Among some of the factors that are going to be taken into consideration when selecting an office space would be cost, access to resources, access to manpower, projected business revenues and target profit margins.
Luckily, fully furnished offices, serviced offices and business centers are an option for businesses.
An Overview of Estimated Office Rental Rates in Malaysia
Depending on the location, some of the rates investors can come to expect when renting an office space in Kuala Lumpur are as follows:
- KL City Center/Golden Triangle Area (RM6.00 – RM12.50 psf)
- Kl Central (RM6.00 – RM8.00 psf)
- Mid Valley City (RM7.00 – RM8.00 psf)
- Bangsar South City (RM5.00 – RM6.00)
Of course, location is just one factor that would determine the starting price of the office space rental, other factors include the type of building in question as well. Commercial buildings tend to enjoy a more premium rental rate especially if they are in strategic locations with state-of-the-art facilities.
The Cost of Renting an Office Space in Malaysia
Depending on the location and the requirements of a business, the price for service office in Malaysia for example can cost anywhere from approximately RM600 per desk as a starting price. The quoted price would usually be inclusive of amenities such as internet and meeting room facilities, kitchen usage, reception services, AV equipment and parking among other things.
The size of the office space would also be a factor in determining the price. If a company is looking to start small, this would be a good place to start. One of the advantaged of renting a serviced office in Kuala Lumpur is better cash flow, and companies find themselves not having to spend as much money on refurbishment because it comes fully furnished. There is also less overhead in the headcount and complete flexibility in terms of growth as some of the other advantages. Companies who want to start small especially, have the option of increasing their office space size only on a need to basis.
Another advantage to service offices is the short-term rental possibility, which is ideal for small and new startups who are still unsure about what they may need or require for their business moving forward.
Is A Property Agent Necessary?
Depending on the type of office space you decide to rent. If you are going for service offices, it is usually pretty easy to get it done yourself as it just boils down to selecting the right package that best suits your business needs. If you are in need of a proper, full-sized business office space on the other hand, then a property agent would come in handy because they would be able to show you several different options to help speed the process along aside from negotiating and securing the best deal for you.