by: Kathleen Yu
Virtual offices are now gaining in popularity as ideal office space options for start up companies doing business in cities like Makati, Manila and Fort Bonifacio. But what are they, exactly? And what differentiates them from ordinary commercial office space? This article will give you an overview of virtual offices, their advantages and disadvantages, as well as the monthly rental rates for virtual offices in major Metro-Manila locations. Virtual offices, or “executive suites” are advantageous in that they combine off-site communication and address services with the more traditional elements of regular office space.
According to Michael McCullough of Philippines real estate brokerage firm KMC MAG Group, “Virtual offices provide companies with the benefits of a regular office location, minus the employee and rental costs. Many companies setting up business in Metro-Manila are now availing of this option, which enables a business to set up operations outside an office setting, and cut down on other expenses in the process.”
Furthermore, virtual offices usually come with a number of amenities, including but not limited to a local phone number, mail collection and forwarding, personalized client reception services, prominent business addresses, ready-to-use meeting and conference rooms, administrative and technical support, lobby listing and call redirecting among others. Availing of virtual offices enables companies to reduce office space expenditures, while maintaining a professional business environment. However, this may come off as impersonal for some clients.
A virtual office is efficient in that it retains the professionalism of a traditional, high-cost office while reducing capital expenditures for the company. Virtual offices also reduce the negative impact of a daily commute, and are considered environmentally friendly. Furthermore, these types of offices have the flexibility to expand and contract according to fluctuations in the company’s revenues. Availing of these offices offers companies the benefit of low-cost expansion, without the long-term commitments of a more traditional office space option. Traditional employee benefits also do not apply to your company’s virtual staff.
Virtual offices in Makati usually start at about Php 6,000 per month. However, prices vary according to the type of amenities available to the client. Virtual offices in Manila, on the other hand, can go for as low as Php 1,500 per month. Virtual office space in Fort Bonifacio is similarly priced as in Makati, with prices starting at Php 7,000 per month.
*prices researched at sulit.com