A growing trend in Cape Town is seeing young entrepreneurs and small businesses opting for flexible, serviced work space options to minimize risk and overhead costs.
Co-working space and short-term office rentals have become the preferred choice for many of the city’s aspiring entrepreneurs. Offering efficient and productive work spaces with maximum flexibility, small businesses are now able to hire space for an hour, a day, a week or a month, thanks to The Bureaux, Cape Town’s leading flexible office space in Sea Point, City Junction, Granger Bay and Woodstock.
Greg Beadle, Founder of The Bureaux, says, “Office rentals can be prohibitive for many new business ventures and start-ups who do not want to be tied down to long-term rental agreements. Traditional office space rentals come with minimum lease terms averaging around three years, not to mention the costs associated with investing in office furniture and infrastructure suitable for a large floor space. At The Bureaux, we see more than 90% of our office space utilised monthly because of our flexible and varied offering.”
Beadle adds that small businesses make up the bulk of The Bureaux’s members. “We believe that the demand for our flexible co-working office space solution is indicative of the current economic climate and the burgeoning small business sector.”
“Young entrepreneurs thrive on the idea of being able to rent a desk in a productive office environment for just R1 500 per month on a month-to-month basis or rent a private office suite from R5 500 per month. For someone who is just starting a business or has a small team on board, flexible office space is the ideal solution offering contact with other entrepreneurs. Services and infrastructure are included in the monthly rental fee and our clients can make use of shared meeting facilities, uncapped high-speed fibre internet, a kitchen, and have 24/7 access as well as high-level security.
“Members also have the opportunity to network with others in the space, sharing ideas and collaborating on new business ventures. When their businesses grow and they need to expand, our flexible options can amply meet their requirements,” adds Beadle.
John McMahon, Director of Baker Street Properties, says demand for smaller offices has increased significantly when compared to 2015. He concurs with Beadle that demand is being driven by growth in the small business sector, with new start-ups finding it easier to compete in the market because of new technologies.
For high-end entrepreneurs who seek privacy, exclusivity and an environment that lends itself to their business stature, Bureaux Black is The Bureaux’s answer. With exclusive office space in Sea Point and The Water Club in Granger Bay, Bureaux Black is the perfect environment to host high-level meetings with discerning clients.
Understated with elegant bespoke furnishings in a minimalist style, Bureaux Black offers executive suites with sweeping views of the Atlantic Ocean that are also available for month-to-month rentals. Clients have a choice of single, double and four-person offices as well as access to breakaway meeting rooms, unlimited high-speed fibre, high security and the option of their own reception and concierge service.
For more information about Bureaux Black, visit bureauxblack.com or contact +27 87 470 0369.