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New Zealand discovers office rentals, let’s take a look at the rental situation of shared offices

In today’s society, “sharing” seems to have become a new trend. From the initial shared bicycles to the current shared offices, the sharing economy business model has become a trend in social development. In New Zealand, office rental has also emerged, providing convenience for many startups and large enterprises to expand their markets. Let’s take a look at the rental situation of shared offices together.

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Why is there such a big gap between different office rental platforms?

I believe many companies, when renting offices, often compare different office rental platforms to ensure that shared offices can meet their office needs. However, when browsing shared offices, it can also be found that different platforms provide different shared office spaces. What is the reason for this?

  1. Different operating modes
    The main reason why there are differences between different office rental platforms is due to their different operating models, which are mainly divided into the following categories:

(1) Technology operation service model: mainly providing intelligent office solutions for the industry through digital and intelligent means, focusing on technological innovation and service quality.


(2) Developer platform model: relying on strong property management and resource advantages, utilizing self owned properties to transform idle resources into shared spaces, providing basic office environment and supporting services.


(3) Second landlord platform model: Lock in the site at a low price through long-term leasing, rent it out after fine decoration, and mainly earn the rent difference. It has strong flexibility and cost control ability.


(4) Joint office platform model: focusing on joint office space, with open workstations as the main feature, supplemented by independent office rooms and customized offices, emphasizing community atmosphere and resource sharing.

  1. Service content and quality
    In addition to different operating models, service content and quality can also lead to differences in shared office leasing. For example:

(1) Some platforms offer one-stop enterprise services, including business registration, tax consultation, legal consultation, and more, providing great convenience for startups


(2) Some other platforms only provide basic leasing services and lack value-added services, which may not meet the needs of enterprises.

  1. Geographic location and supporting facilities
    When renting shared office space, the geographical location and the completeness of supporting facilities can also affect the competitiveness of the office rental platform, such as:

(1) The geographical location of the office directly affects the operational efficiency of the enterprise and the convenience of employee commuting. A convenient transportation location can better meet the leasing needs of enterprises. ‌


(2) The completeness of surrounding supporting facilities is also a key concern for tenants. Shared office spaces can only be favored by enterprises if they provide convenient transportation, dining, shopping and other supporting facilities. ‌

What are the issues to pay attention to when renting shared office space?

  1. Clarify requirements and budget
    When renting shared office space, it is important to clarify the team’s needs and customized budget. The following points can be considered:

(1) Team requirements: Evaluate team size to select a suitable shared office. For example, small teams or independent workers may be more suitable for open workstations; Medium to large teams may require more private and fixed workspaces.


(2) Budget: By comparing the rental costs of different shared office spaces, including basic rent, service fees, and additional expenses, ensure that the selected space can provide a long-term solution for the team.

  1. Pay attention to the office environment
    Don’t rely solely on online pictures and videos to make decisions. It’s best to personally visit several alternative locations and browse the shared office environment in detail. For example:

(1) Observe the actual layout, lighting, and ventilation of the shared office space, and evaluate whether the noise control is appropriate.


(2) Understand the comfort level of public areas, such as rest areas, coffee bars, etc.


(3) Understanding the convenience of surrounding transportation, catering, parking and other supporting facilities will directly affect your daily office efficiency and employee satisfaction.

  1. Carefully read the contract terms
    The lease agreement is an important document for safeguarding the rights and interests of both parties, therefore, it is necessary to carefully read each clause to avoid the existence of unequal terms. For example:

(1) Pay special attention to key terms such as lease term, rental payment method and adjustment mechanism, termination policy, and breach of contract liability.


(2) Inquire about the possibility and conditions of subleasing and renewal, as well as space usage restrictions such as pet policies and decoration restrictions.


(3) When necessary, legal professionals can be consulted to ensure that the contract terms are fair and reasonable.

  1. Infrastructure and value-added services
    Ensure that shared office spaces provide the necessary infrastructure and value-added services to meet public needs, such as:

(1) Pay attention to whether broadband network, printers, meeting rooms and other infrastructure are provided to meet the needs of office work.


(2) Understand whether sufficient parking spaces are provided to facilitate the commuting of office staff.


(3) Understand the service content and quality provided by the platform, including whether it offers one-stop services and whether there is a professional property management team.

In the process of renting an office, it is essential to choose a reliable office rental platform. Only by finding a suitable shared office space for the enterprise can it provide assistance and support for its development.

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