… pssst! Let’s talk money for a second.

Cost & Investments

How much does workspace cost in Basel? And why it is more favorable to rent workspace?

Workplaces for up to 20 employees only pay off through utilisation, economies of scale and depreciation over several years. For this reason, it is not advisable for companies with fewer than 20 employees that are likely to maintain their location for three years to rent space. The iCITY co-space approach allowing you to surf’n turf based on your needs offers overwhelming advantages.

Costs for Offices are often underestimated

 

In addition to rental costs, there are the charges for utilities. These amount roughly to around 15% of the price per square metre and include the costs for heating, cooling, hot water as well as operating costs such as caretaking and external cleaning for example.

If the office is rented as a shell, finishing costs are required. These are between CHF 1,500 and CHF 2,000 per square metre, which must be depreciated over the term of the contract - the shorter the rental period, the higher the annual charge. In other words: the higher the flexibility, the higher the monthly depreciation costs. The meeting rooms also play a role: they require valuable square metres, are hardly used to capacity and place an above-average burden on the equipment budget.

In addition to the fitting costs, there are the costs for the furniture. A workstation with table, chair and storage space costs between 1'000 and 1'500 CHF. 
The costs for technical infrastructure (internet, printer, etc.), office equipment (whiteboards, flip charts, etc.), various other consumables, beverages (coffee, tea, water, etc.), and internal cleaning & maintenance costs.

Compare Rent Space - Conventional Coworking - iCITY Surf'n Turf 

Let us compare the costs of 10 Workstations over 3 years.

Rent Pure Space = 1'500 - 2'500 per Workstation

  • Rent 150 square meters

  • Price 200-250 CHF per sqm

  • Fitting Costs 1'500 - 2'000 CHF per sqm

  • No Ecosystem Access Management

  • No Open Innovation Management

  • Cost of Missing Flexibility: Rent to much space or to little

  • No Ecosystem Tenant-Mix Focus by the Landlord

  • No Touchpoints with other Tenants in the same Building

  • No Actively Managed Networking with other Tenants

Conventional Coworking = 600 - 1'100 per Workstation

  • Rent 10 Workstations

  • No Ecosystem Access Management

  • No Open Innovation Management

  • Only Growth Flexibility

  • No Ecosystem Tenant-Mix Focus by the Coworking Operator

  • No Touchpoints with other Tenants in the same Building

  • No Actively Managed Networking with other Tenants

  • No Focus on Business Impact for Tenants 

  • No Active Talent Access Management

iCITY Surf'n Turf = 450 - 1'100 per Workstation

  • Rent Surf'n Turf: Workstations, Cospace or Space

  • Ecosystem Access Management

  • Open Innovation Management

  • Full Flexibility: Growth, Space, Duration, Open Innovation

  • Ecosystem Tenant-Mix Focus by iCITY

  • Touchpoints with other Tenants in the same Building

  • Actively Managed Networking with other Tenants

  • Focus on Business & Open Innovation Impact for Tenants 

  • Active Talent Access Management

  • Multi Corporate Accelerator in the same Building

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