When renting the perfect art studio in Singapore for your business, there are many things you need to remember.
From size to location to affordability, there are many factors that determine the success of your art studio.
So, if you are in the market for one such space, then chances are you are quite confused about which investment.
But we are here today to help you with a guide on how to rent the best art studio, which suits your needs perfectly.
So, just sit and read together.
Why do you have to rent and not have?
Well, Singapore's very expensive housing market comes as a surprise to anyone, really.
Owning and renting property in the Republic is often the main reason behind many new companies and businesses that fail.
And this is precisely the reason why workspaces have become very popular among new entrepreneurs.
However, this cheap space is more easily accessed by companies that only need a desk and electric sockets to power their entire business.
And it is only in recent years that it has grown in popularity among other industries such as fitness, fashion, and art.
The Rise of Studio Rentals
The fashion and design business relies heavily on expensive machines, such as industrial sewing machines and 3D printers.
The sheer cost of buying this equipment often makes the beginners' income high and dry, making them unable to further develop their business.
Therefore, there is a sudden increase in specialized rental studios such as GuavaLabs in OUE Downtown and Mox in Katong Point, which provide creative industries with budget-friendly solutions for running their businesses.
For only a nominal monthly fee, these spaces will allow you to share together or rent rooms that are equipped with everything you need to run your business.
Websites like GoSpaces.co even rent meeting rooms every hour, and offer seminars for novice entrepreneurs about management and business tactics.
They create a sense of togetherness that helps businesses that are struggling to grow and develop.
Choosing the right art studio
Even though there are plenty of rental rooms that are affordable and available, choosing just any art studio won't cut it for your business.
So, before you invest in space, here are a few things to keep in mind:
1. What are the main objectives of the studio?
Before renting out space, you must first decide what the purpose of the space is.
What do you plan to use it for?
Different art and design studios have different needs and specifications. Like, Indie Design studios will obviously have many different requirements from digital painters or sculptors for that matter.
So, always remember your business needs and requirements before investing.
2. Premade Studio or DIY?
We have already mentioned that steep rent and home ownership costs in Singapore will usually make a hole in anyone's savings.
And that is precisely why there are so many special rented art studios out there today. They not only come premade but offer many additional facilities and benefits that will help your business grow.
However, if you want to be adventurous or have the necessary machines for your business and have found one of the cheapest rentals, then choosing the DIY option might be a better idea.
You can even use that space to rent it to other artists and make a steady income from this.
But even with special tools, starting your studio and inviting can be a rather difficult task. So, you can always look for some home office design ideas to run correctly.
The location of your studio is key if you have to go to work every day. If your art studio is too far from home, then travel costs are something you need to consider before investing.
Traveling long distances to work will often be a waste of not only money but also time and energy.
Checking your art studio environment is also important. Theft is a risk worthy of every creative industry, because specialized equipment such as 3D printers and digital painting kits take the number at once on the black market.
So, security is the key in developing your business in the right direction.
4. Last minute security check
After you finally decide on the space you want to invest in, here are some last minute security checks that you need to do:
- Always check for roof leaks and plumbing conditions.
- Make sure the lights, as well as electrical outlets, function
- Make sure the special equipment works if it is a studio that you already have.
- Check the bathroom and pantry (if any) and check for possible infestations.
- Heating and cooling must work optimally too.
Renting in Singapore
With the rise of specialized rental studios such as Mox and GuavaLabs, Singapore has recently become one of the best places to start new businesses.
So if you are planning to enter the creative industry, the cost guide for renting at SG will sort you out.
We hope you enjoy our guide today.
Until next time!