{"id":20018,"date":"2023-06-14T13:39:00","date_gmt":"2023-06-14T11:39:00","guid":{"rendered":"https:\/\/savills.przemeknova.usermd.net\/savills-the-differences-in-the-cost-of-leasing-traditional-office-and-flex-space-in-sydney-and-singapore-are-blurring"},"modified":"2026-01-16T08:14:25","modified_gmt":"2026-01-16T07:14:25","slug":"savills-the-differences-in-the-cost-of-leasing-traditional-office-and-flex-space-in-sydney-and-singapore-are-blurring","status":"publish","type":"post","link":"https:\/\/dev.officemarket.pl\/en\/savills-the-differences-in-the-cost-of-leasing-traditional-office-and-flex-space-in-sydney-and-singapore-are-blurring","title":{"rendered":"Savills: the differences in the cost of leasing traditional office and flex space in Sydney and Singapore are blurring"},"content":{"rendered":"\n

As part of a global research program Impacts<\/em><\/a> Savills analyzed the cost of a subscription to a coworking center and the effective net rent for a traditional high-standard office for a company with 10 employees in 16 cities around the world. It turns out that coworking space is, on average, 40 percent cheaper than traditional space, although significant variation between locations is noticeable. The smallest differences in the cost of renting coworking space and a traditional office can be seen in Sydney, Singapore, Amsterdam and Paris, while the cheapest coworking relative to traditional office space is offered by Mumbai, Hong Kong, Los Angeles and Madrid. According to Savills, in terms of cost, the lowest subscriptions in coworking centers can be found in Mumbai, Madrid, Shanghai, Amsterdam and Los Angeles, while the most expensive locations are New York and London. <\/p>\n\n

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“Coworking space can serve a variety of functions and is often an affordable alternative for small and medium-sized businesses. Also for startups, as it allows them to invest in their own growth instead of incurring the costs associated with renting or investing in office space arrangements. Any mature office market that has a large cluster of startups and scaleups should have differential pricing, but our analysis shows that in some locations the differences between coworking space and traditional space are small when all the costs of opening an office are taken into account. This creates new challenges for some companies, which will be forced to choose cheaper offices on the outskirts of cities. It’s important to get the balance right, as small and mid-sized companies are often the lifeblood of the broader economic ecosystem.” – <\/p>\nCal Lee, global director of the Workthere platform and flexible office space expert at Savills, comments. <\/cite><\/blockquote>\n\n

“We are seeing instances of public funds being used and private investors being engaged to offer cheaper, subsidized office space. These types of solutions are badly needed for cities to provide affordable offerings that support local economies. Many owners of traditional office buildings already offer flexible office space or serviced offices in their buildings, as they recognize their growing appeal to tenants and the additional energy they can bring to the business ecosystem. This, however, has contributed to a narrowing of the rental cost differential between the two types of office space while blurring the lines between them.” – Adds Jeremy Bates, Head of Leasing Markets EMEA, Savills. <\/p>\n\n

“In the Polish market, we also observe that building owners are increasingly bolder in meeting the expectations of smaller tenants. We predict that in the coming years having a flex operator in modern office buildings will become not only desirable, but necessary. This will allow the restructuring of the lease portfolio by consolidating smaller leases into one shared space giving them time to grow and free up space for larger organizations. Looking at the cost of leasing flex space in the center of Warsaw, it is comparable when entering into a 3-year traditional office lease of 300-400 sqm, assuming that the tenant also had to contribute financially to its arrangement, furnishing of conference rooms, office and kitchen equipment and hiring someone to handle the reception desk,” adds Jaroslaw Pilch, director of office space, tenant representation at Savills, who also heads Workthere in Poland.<\/p>\n","protected":false},"excerpt":{"rendered":"

As part of a global research program Impacts Savills analyzed the cost of a subscription to a coworking center and the effective net rent for a traditional high-standard office for a company with 10 employees in 16 cities around the world. It turns out that coworking space is, on average, 40 percent cheaper than traditional […]<\/p>\n","protected":false},"author":2,"featured_media":1275,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[557],"tags":[767],"strefa_wiedzy":[55],"class_list":["post-20018","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bialystok-2","tag-office-space","strefa_wiedzy-news"],"acf":{"autor_1":{"autor_aktualnosci_1":{"ID":20632,"post_author":"2","post_date":"2026-02-17 09:07:31","post_date_gmt":"2026-02-17 08:07:31","post_content":"","post_title":"Jaros\u0142aw Pilch","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"jaroslaw-pilch","to_ping":"","pinged":"","post_modified":"2026-02-23 12:58:37","post_modified_gmt":"2026-02-23 11:58:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/officemarket.pl\/?post_type=doradcy&p=20632","menu_order":0,"post_type":"doradcy","post_mime_type":"","comment_count":"0","filter":"raw"}},"autor_2":{"autor_aktualnosci_2":false},"powiazane":[{"ID":20012,"post_author":"2","post_date":"2023-05-23 09:18:00","post_date_gmt":"2023-05-23 07:18:00","post_content":"\n

Nowadays, many companies face the challenge of finding the right office space to meet their requirements and needs. Renting an office can involve a lot of difficulties that are not an everyday occurrence for most people. Therefore, using a consultant to lease office space can prove not only helpful, but crucial in terms of achieving business success. <\/p>\n\n\n\n

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In the current market situation, finding the right office can be a difficult and time-consuming task. The decision to choose the right place to grow your business is of great importance to its future. <\/p>\nMichal Karolkiewicz, Senior Consultant, Office Agency, Tenant Representation, Savills<\/cite><\/blockquote>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Knowledge and experience<\/strong><\/h3>\n\n\n\n

An advisor is first and foremost a person who has an established knowledge and extensive experience of the office real estate market. The advantage in this sector is built by contacts and flow of information about vacant space, those already available and current market prices per square meter. Thanks to this, he is able to advise on the selection of suitable office space that will meet the needs of the company and provide optimal working conditions depending on the specific work of the team. The work of the agent, but also of the landlord , is facilitated by an extensive search engine for office properties, which can be found on our website.<\/p>\n\n\n\n

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The consultant's task is to learn in detail about the company's specific business and expectations in terms of location, size of office space, layout of rooms, availability of amenities and many other issues.<\/p>\nMichal Karolkiewicz, Senior Consultant, Office Agency, Tenant Representation<\/cite><\/blockquote>\n\n\n\n

A personalized approach<\/strong><\/h4>\n\n\n\n

Companies in different sectors have their own individual needs and requirements that must be met in order for the rented space to be ideal for a particular team of employees. The consultant's task is to get a detailed understanding of the company's specific operations and expectations in terms of location, office space size, room layout, availability of amenities and much more. All this helps the advisor to tailor the right scope of services, which allows to plan the office leasing process in detail and then implement the best solutions. In addition to the transactional department, Savills offers technical and construction consulting, which together guarantee a comprehensive service. <\/p>\n\n\n\n

Detailed analysis<\/strong><\/h4>\n\n\n\n

A detailed analysis of the offers is extremely important due to the highly competitive commercial real estate market. There are many buildings that offer similar office lease terms, but only a few of them will meet the client's requirements 100%. One of the most important factors taken into account when analyzing offers, is the financial aspect. The consultant prepares a cost analysis, which includes not only the rent, but also operating costs, rent for parking spaces, administrative costs, taxes and other costs that make up the full monthly amount that the future tenant will eventually pay. <\/p>\n\n\n\n

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Strategic analysis is also important. It includes verification of the location, accessibility to public transportation, infrastructure, services around the building and other factors that may affect the client's later recruitment success. By thoroughly analyzing all aspects, a future tenant can make an informed business decision. <\/figcaption><\/figure>\n\n\n\n

Security of transactions<\/strong><\/h4>\n\n\n\n

An advisor in the lease of office space acts on behalf of the client, which means that in representing the client his goal is to ensure the best possible lease terms and secure the interests of the organization. He supports the company at every stage of the office lease process - from finding a suitable property, through negotiations, to signing the contract. Often his role goes even further and touches such aspects as the announcement of a joint success, which translates into building the client's image and announcing its further expansion in the market. Renting an office is an investment for a long time, so it's crucial that all possible aspects are as secure as possible. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

It's time to look for an office<\/strong><\/h3>\n\n\n\n

According to Savills' latest study on the cost of prime office locations, office fit-out costs in Europe have risen by an average of 14 percent over the past year due to rising material and labor costs. As a result, in Warsaw, for example, there is an increasing level of shared investment by the tenant in fit-out. Depending on the market, these practices vary depending on whether the arrangement is typically paid for by the tenant or the landlord. Looking ahead, as the availability of prime space is depleted, we may begin to see further withdrawal of additional incentives by building owners. Tenants whose leases expire in 2025\/26 will benefit if they start looking for and negotiating new office space sooner. <\/p>\n\n\n\n

Renting office space is an important aspect that can affect the further development of a business, so it is worth taking it in a thoughtful manner. Using the services of an experienced consultant, we can do it in an informed manner that will save time and money in the company's budget.<\/p>\n\n\n\n

<\/p>\n","post_title":"What are the benefits of working with a consulting firm in the process of leasing a new office?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"what-are-the-benefits-of-working-with-a-consulting-firm-in-the-process-of-leasing-a-new-office","to_ping":"","pinged":"","post_modified":"2026-02-13 11:01:40","post_modified_gmt":"2026-02-13 10:01:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/savills.przemeknova.usermd.net\/what-are-the-benefits-of-working-with-a-consulting-firm-in-the-process-of-leasing-a-new-office","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":20094,"post_author":"2","post_date":"2024-12-06 14:35:53","post_date_gmt":"2024-12-06 13:35:53","post_content":"\n

The new-old tenant of the office building is the Company Development Fund S.A. (FRS). The state-owned company, responsible for asset management in the shipbuilding sector, has leased 466 sqm of space. The return of FRS to North Gate after time is proof that the location, standard of the office building and its management are highly appreciated by tenants who have worked and are working in the building. <\/p>\n\n

RLG Systems Poland has also located its headquarters at Bonifraterska Street. The environmental consulting company, which is part of the RLG Group, has leased 300 sqm of space. The choice of North Gate for the new office proves that the building meets ecological requirements, crucial for tenants in the environment-related industry. Adriana Binkiewicz of Brookfield Partners agency represented the company in the transaction. <\/p>\n\n

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- We see the return of the Company Development Fund to North Gate as a recognition of the building's quality. The fact that the tenant has again chosen this location proves that the building, despite the passage of years, meets the highest standards of modern office buildings. The office building's assets, such as its convenient location with good access to public transportation, modern amenities and ecological solutions confirmed by the BREEAM In-Use certificate at the Excellent level, will certainly contribute to the work comfort and further development of both new tenants <\/em> \u2013 <\/p>\nsays Monika Wakulska<\/strong>, Associate Director, Office Space, Savills Poland.<\/cite><\/blockquote>\n\n

North Gate is a nearly 90-meter high Class A office building located at 17 Bonifraterska Street in Warsaw. The building offers 29,000 sq. m. of leasable office space, has a five-level parking garage for 310 vehicles and extensive cycling facilities with lockers and showers on level -1. It is BREEAM In-Use certified at the Excellent level, confirming its commitment to sustainability and the highest environmental standards. <\/p>\n\n

The building's location provides convenient access to public transportation - streetcar and bus stops and the Dworzec Gda\u0144ski subway station are nearby. The building's proximity to green areas, such as Romuald Traugutt Park, as well as numerous service and retail outlets, including the Westfield Arkadia Shopping Center, adds to the comfort of employees' daily life. <\/p>\n","post_title":"North Gate office building with new leases","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-gate-office-building-with-new-leases","to_ping":"","pinged":"","post_modified":"2026-01-16 09:29:39","post_modified_gmt":"2026-01-16 08:29:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/savills.przemeknova.usermd.net\/north-gate-office-building-with-new-leases","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":20102,"post_author":"2","post_date":"2025-01-21 14:14:00","post_date_gmt":"2025-01-21 13:14:00","post_content":"\n

HaskoningDHV Polska, a company providing specialized engineering, design and consulting services for the management and supervision of ongoing projects, has leased 1066 sqm of office space in a complex on Bonifraterska Street. Nearly a hundred experienced designers have moved to the new premises from their previous office, just 2 kilometers away. HaskoningDHV Poland's choice of the North Gate building underscores its attractiveness to companies in the engineering and consulting sectors. <\/p>\n\n

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- We are pleased that another reputable company has appreciated the advantages of North Gate. The combination of office building standards, high quality management, modern technologies and strategic location in close proximity to the center of Warsaw are the key advantages of this building <\/em> \u2013 <\/p>\nsays Monika Wakulska<\/strong>, Associate Director, Office Space, Savills Poland.<\/cite><\/blockquote>\n\n

North Gate is a less than 90-meter high Class A office building located at 17 Bonifraterska Street in Warsaw. It offers 29,000 sq. m. of office space, has a five-level parking garage for 310 vehicles and extensive bicycle facilities with lockers and showers on level -1. The office building has a BREEAM In-Use certificate at the Excellent level, which is a confirmation of the highest environmental standards. <\/p>\n","post_title":"HaskoningDHV Polska has moved to North Gate","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"haskoningdhv-polska-has-moved-to-north-gate","to_ping":"","pinged":"","post_modified":"2026-01-16 09:33:39","post_modified_gmt":"2026-01-16 08:33:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/savills.przemeknova.usermd.net\/haskoningdhv-polska-has-moved-to-north-gate","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"wstep":"

Analysis by international consulting firm Savills shows that the cost of renting coworking space for 10 employees in Sydney and Singapore is only 14% and 19% lower, respectively, than for a traditional office. By comparison, in Mumbai and Hong Kong they are 63% and 60% lower, respectively. <\/p>\n"},"yoast_head":"\nSavills: the differences in the cost of leasing traditional office and flex space in Sydney and Singapore are blurring - Officemarket.pl by Savills<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Savills: the differences in the cost of leasing traditional office and flex space in Sydney and Singapore are blurring - Officemarket.pl by Savills\" \/>\n<meta property=\"og:description\" content=\"As part of a global research program Impacts Savills analyzed the cost of a subscription to a coworking center and the effective net rent for a traditional high-standard office for a company with 10 employees in 16 cities around the world. 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