Serviced Offices

More turning to virtual and serviced offices amid economic slowdown

As companies around the world retrench staff and downsize during the current downturn, many are turning to alternatives like virtual and serviced offices. Within Asia, companies in Singapore are leading the way in this trend. Their take-up rate for such services has grown by up to 20 per cent in the last quarter compared to the same period in 2007. For example, one chiropractor has opted for a temporary...

Recession? Time for a serviced office

CAUGHT in between a sluggish economy and sticky office rents, many business owners are feeling squeezed. Many are trying to cut costs while looking for new opportunities. But Regus Group's country general manager (South-east Asia) William Willems has little doubt that serviced offices - like the ones his firm officially launched last week at One Fullerton - are the answer. Mr Willems told Today: "Now is...

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