Renting an office space in Myanmar allows you to enter the emerging market in the country. Surveys show that the demand for office space in this particular nation has significantly increased. With this, you can find business towers in various cities in Myanmar and there were residential properties which have been turned into offices for rent.
Office Space in Myanmar - The Costs and Other Important Facts
There are various office towers in the country, including the FMI Center, Centrepoint, and Sakura Tower. On the other hand, the York Center in Yangon is another sole-purposed office space for rent in the country. It is a premium office space known for setting standards and meeting the needs of small businesses and multi-national companies. The cost of rent depends on the size of the office space. You can rent an office space in Myanmar at $100 per square meter. Keep in mind that the average rental fees for office space in the country have increased for about 50 percent in 2012 due to the increasing demand of serviced offices. In Myanmar, there are sole-purposed commercial office space buildings and world-class business towers which allow you to choose an office space based on your budget and specific needs. For instance, you can choose an office location or address which is convenient for everyone. There are offices for rent located in Bahan, Mayangone, or near the Yangon River. On the other hand, you can also find fully-furnished offices in Nay Pyi Taw and Mandalay.
You can find a well-located office space in the business districts of Myanmar for $15,000 per month. On the other hand, if you want a cheaper serviced office, you can opt for $800 or $1,000 every month. The cost of office space also depends on the business address and location. When renting a serviced office, in most cases, you will be required to pay at least one extra month security deposit. The property agent is also given an additional month commission.
Renting an Office Space in Myanmar
There are various reasons why businesses choose to rent a Myanmar office space. When you choose a sophisticated office for rent in the country, you will have an office which is equipped with modern facilities and amenities in order to help your business, specifically when it comes to its daily operation. In most cases, office space buildings have covered parking spaces, a staffed reception area, a highly reliable internet connection, 24-hour security services, and many more. Despite of the increasing rates of Myanmar serviced offices, small business owners and large companies still choose to rent an office space in the country.
Indeed, the increasing number of serviced offices in the country has resulted in a competitive real estate industry in both commercial and residential sectors. If you are looking for an office for rent in Myanmar, you can select a specific address, location, a set of facilities and amenities, and a monthly rate. You might be surprised to find expensive office spaces, however, there are office space service providers who offer an office for rent at an affordable price. If you want, you can go online and search for a Myanmar office space which suits your needs. Regardless of the size of your company, renting an office space in this particular country can help your business reach its maximum potential.