MEDIA RELEASE PR37421
Demand for Flexible Workspace in Vietnam to Rise with Challenging Economy in 2010
HANOI, Dec. 4 /PRNewswire-Asia-AsiaNet/ --
Regus announces pragmatic office space strategies to help companies save costs
Property is the second largest fixed expense for most companies, yet recent research by CORNET
suggests that as much as 50% of corporate office space goes unused at any one time. The Regus Group, the
world's leading provider of innovative workspace solutions, reports that such waste can no longer be tolerated
in today's challenging economic climate, given the ability to implement flexible working arrangements.
CB Richard Ellis recently reported that prime office rentals in Ho Chi Minh City stood at VND 724,608 per
square meter (psm) per month; prices are expected to bottom out in Q4 2009 but are likely to increase as the
global economy recovers. For every hour that office space goes unoccupied, there are also overheads for
utilities, equipment and human capital that need to be considered. Additionally, workers who spend most of
their time in the actual office building may still spend hours every day away from their individual workstations.
Companies should aim to increase the efficiency of their cost-intensive real estate footprint, by creating more
flexible options for employees depending on when and where they work.
"Flexible working was traditionally viewed as a privilege for employees with 'special circumstances', but it is
now gaining acceptance as a cost-conscious business practice that benefits the company as much as the
workers," explained William Willems, Regus Regional Vice President for South-East Asia. "With the right tools,
the right type of workers can be every bit as productive as if they were in the main office, while the company
can save nearly the entire cost of providing their workspace."
When it comes to expansion, companies should also consider the option of fully furnished and equipped
business centres instead of traditional real estate leases. These business centres typically have flexible short-
term contracts, allowing companies to easily and inexpensively expand or reduce their office space without
changing locations.
About Regus
Regus is the world's leading provider of innovative workspace solutions, offering fully-equipped offices,
meeting rooms, business lounges and the world's largest network of video communication studios.
Media Contact:
Celia Chua
BondPR International
Tel: +65-6338-1006
Email: celia@bondpr.com
SOURCE: Regus
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