How We Help You Find the Right Office

Example

Average cost per pax: a worked example

For illustration only: a 5-person office on a 12-month lease. All example amounts are before GST. These are assumed figures, not an actual office offer.

Monthly rent

S$3,000

Setup fee · 50% of monthly rent

S$1,500

Exit costs · 1.5 months’ rent

S$4,500

Lease period

12 months

Headcount

5 pax

1. Calculate total rentS$3,000 × 12 months = S$36,000
2. Calculate setup and exit costsSetup fee: S$3,000 × 50% = S$1,500Exit costs: S$3,000 × 1.5 months = S$4,500
3. Add setup, rent and exit costsS$1,500 + S$36,000 + S$4,500 = S$42,000
4. Find the average monthly costS$42,000 ÷ 12 months = S$3,500 per month
5. Divide by the number of peopleS$3,500 ÷ 5 pax = S$700 per pax per month

This example assumes no rent-free period, credits or extra recurring charges. Refundable deposits are shown separately as an upfront cash requirement and are excluded from this calculation. Actual costs depend on the operator’s offer and agreement; usage-based or unconfirmed charges are identified separately.