Monday, June 07, 2010

Benefiting from growing requirements of office space

THERE continues to be growing demand for office space in Jakarta. The first quarter of 2010 saw an increase of 55 percent from the same period of last year, totaling 44,100 square meters in Jakarta’s Central Business District (CBD). Two business sectors have been quite prominent in the demand: banking and mining. “The market can absorb over 85 percent more than last year,” predicts Arief Rahardjo, associate director for research and advisory of Cushman & Wakefield Indonesia.

Grade A office space made the largest contribution at 40,000 square meters or about 91 percent. Grade B contributed only 6,750 square meters, while Grade C recorded a negative contribution of 2,700 square meters. There was no new supply of office space in the Jakarta CBD in the first three months of 2010. This shows that a strategic location, such as the CBD, is a plus point for a business in any sector. Besides making it easy to connect with colleagues and the like, a strategic location adds to the prestige of a company.

What if your budget is limited but you still want to have an office at a strategic location? The answer, of course, would be to lease a serviced office. A serviced office in this case does not have to be overly spacious but based on a company’s requirements. A consultant’s office, for example, would most likely need space only for four or five people. Serviced office providers can be found in major cities where it is costly to purchase an office in a strategic location. Some of the well-known providers here are CEO Suite, Marquee, Regus, The Executive Centre and Fortice.

Serviced office providers offer sufficient space with maximum service and even a virtual office. So, even if your workshop is on the outskirts of the city, you can have an address in Jakarta’s prestigious Golden Triangle. The leasing rate is no longer in US dollars. The less expensive rate is between Rp 500,000 and Rp 2 million per month and you get an office address, phone number, document service (photocopy, binding, etc.) as well as a computer.

To operate the virtual office, a secretary is available to receive phone calls, and for and extra she or he can also do your telemarketing. Meeting rooms can also be rented so you can meet with clients or hold internal meetings. So, you see, serviced office providers make available virtual offices as well as conventional offices as per required. “Just come and perhaps bring your laptop along and you can start working. All office equipment is available, including the required human resources, such as receptionist, secretary, office boy and so forth,” said Lena Thong, president director of Marquee Executive Offices.

Marquee has a number of high quality serviced offices at Menara Karya (Jl. HR Rasuna Said, Jakarta) and Talavera Office Park (Jl. TB Simatupang, Jakarta), which are in prime locations of the city. They have an extensive global network with experienced service-oriented professionals providing services of company establishment, secretarial search, executive search and tax services. They also provide cost effective, modern and fully furnished serviced offices.

Meanwhile, Fortice Serviced Office has offices at Sentral Senayan 2 (Jl. Asia Afrika, Jakarta). Although in a strategic location, the management of Fortice is aware that budget is an important aspect for most companies, especially new ones, which is why it emphasizes the effective use of space and services.

Fortice offers office space for one to five persons with flexible lease terms, from one month to one year. Next to conventional serviced offices it also has virtual offices, video conference and meeting and conference facilities. “We ensure that your investment yields a potential return through a highly secure intelligent office, facilitated with a state-of-the-art office ICT. Safety-wise, our office was specially built by a reputable Japanese construction company, Kajima Corporation, as part of our earthquake contingency plan,” said one Fortice executive.

Along with the growth in the country’s economy there is an increase in the demand for office space here. So, serviced office providers are the solution for many companies, especially small and new ones. What is interesting is that they provide not only offices in luxury buildings in strategic locations but also effective solutions and efficient rates.

As a matter of fact, they offer not only office space like that offered in conventional office buildings but also services similar to those at a business center in a five-star hotel at a much lower cost. Serviced office providers offer sufficient space with maximum service and even a virtual office. So, even if your workshop is on the outskirts of the city, you can have an address in Jakarta’s prestigious Golden Triangle. (Burhanuddin Abe)

The Jakarta Post, June 08, 2010

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