OSCA, Residential, Investment
When searching for potential office spaces for rent, it can be intimidating to sift through the available properties with all the real estate jargon. Businesses that are looking to get their own office need to at least know the basics of the kind of space that they want. We will be going over the kinds of offices you might run into, namely: bare shell, warm shell, and semi-fitted offices. Read further to learn more.
True to its name, a bare shell in commercial real estate means it only contains the basics (partition) walls and a toilet. Essentially it is the unfurnished property seen right after the completion of the construction process where basic building services are in place but needs major furnishing on the unit space. This is often the choice of International corporations and start-ups looking to customize their property to fit their company culture and lifestyle.
A property whose construction is completed and the basic building services are in place. However, such properties have unfurnished interiors and lack heating, ventilation and air-conditioning (HVAC) systems, lighting, plumbing and elevators.
Benefits of a bare shell space
There is a need to design and develop the office space in the case of the bare shell. For businesses that want the freedom to fully develop the space into one that fits their vision and won’t mind incurring the expenses needed to turn it fully furnished, then a bare shell office space would fit them the most.
Also referred to as semi-furnished properties, warm shell properties are properties that are ready-to-use by buyers and tenants. They are finished interiors containing the bare necessities that make the space usable like HVAC system with lighting, drop ceiling, plumbing, and restrooms.
Benefits of a warm shell space
An advantage of the warm shell space is that businesses would have to do fewer lesser interiors because most bases are already covered. Their ready-to-use nature makes their cost prior to moving in much lower than a bare shell unit.
Semi-fitted offices are a hybrid of traditional offices and fully serviced offices. These are high-quality office suites within a larger managed facility that offers office space to tenants.
This offers tenants high flexibility. Usually, heating and lighting are a standard for these types of office spaces, but these office spaces may also be fully furnished at the tenant’s discretion. Some semi-fitted spaces even come complete with built-in telephone access and internet connection. Cleaning, reception, and security can be added to the office flexibly on-demand.
Benefits of a semi-fitted space
The biggest benefit is its flexibility, making it a great option for businesses that are testing the waters on whether they are expanding or adding another satellite office in their operations. At the same time, fitted offices allow tenants to move in quickly minus the costs for office fit-out and the cost of purchasing equipment that will make the office a workable environment. Tenants can get the benefits of a serviced office but also add some customization due to its flexibility.
Finding the right office space
Whether you are already decided or still on the fence for the kind of property you need, you can turn to the experts for advice and to get your started on finding the right office for you.
Santos Knight Frank is a real estate agency with a great track record of serving clients with services such as occupier services & commercial agency, investment & capital markets, residential & sales leasing, property marketing, research & consultancy, valuation & appraisal, project management, asset management, property management, facilities management, technical services & engineering solutions. Learn more about Santos Knight Frank through the website https://santosknightfrank.com/.
If you want to know more about office properties, you can also read about Renting vs. Buying Office Space: Which One Is the Best Option For Your Business?.