Cost Comparison of different Office options

Which Office Option to Select?

Cost Comparison of different Office options

Which Office Option to Select?

Which Office Option to Select?

Which Office option is best for you? When setting up a new Office one has several options to choose from, ranging from moving into a rented office, owning an office, taking space in a Business Centre, sharing space with a friend or taking up a virtual office.

The options are quite a few, and each option comes with several choices, their own unique costs, advantages and disadvantages. So how does one go about figuring out what is best suited for ones needs?

Click here to quickly calculate your costs!

Follow the simple steps below to to calculate the cost

1 Click on the link above
2 Give your Google Account to share the Spreadsheet with you.
3 Put in your estimates and compare office options.
4 Get in touch with a Golden Square Team member and get guidance on selecting the right office space.

Cost Comparison Table.

When comparing office options it is important to factor in the total cost as well as look at the total lifetime cost of the option that you are selecting.

Costs to include would be:

Cost Rented Office Business Centre Dedicated office Virtual Office
Monthly Expenses   
Rent Add Add Variable
Building Maintenance Add Included in Rent Included in Rent
Electricity Add Included in Rent Included in Rent
Generator Add Included in Rent Included in Rent
House Keeping Add Included in Rent Included In Rent
Capital Spend   
Deposit for Office Typically 10 months of Office Rent 4 Months of Cabin Charge A small deposit.
Furniture Add (unless included in Furnished office rent) Included in Rent Included in Rent
Telephone Lines and Equipment Add As per use, no fixed cost. (some business centres charge a set up cost) As per use.
Internet, LAN, Wi-Fi Add As per use, no fixed cost. (some business centres charge a set up cost) As per use.
Photocopier, Fax Machines, Add As per use. As per use.
Coffee Vending Machines, Pantry Equipment Add As per use As per use.
Conference Room Equipment Add As per use As per use.
People Costs   
Receptionist Add Included Included
Office Assistants Add As per Use As per use
Office Administration Add or apportion cost Included Included
IT Infrastructure support Add Included for typical requirements Included for typical requirements

For Capital Expenses take an interest rate suitable to your business to make it a monthly expense.

Add depreciation cost / loss on sale in case you need to move office after 2-3 years.

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