HOW WILL SAVVI GENERATE MASSIVE SAVINGS FOR OUR FIRM?

Through SAVVI's Tenant's Network, finding your ideal office will start by accessing thousands of off-market and upcoming opportunities so that you may save hundreds of thousands or millions on fit-out cost alone.

Fit-out costs are typically quoted and assessed on the net square footage of the space and for Class A or Prime buildings normally range from HKD 600–1200 per square foot, including construction, furniture, wiring, design fees, etc.

Ranges shown below include design and engineering fees but exclude furniture and IT cabling:

• Average: HKD 400–600 per square foot net (basic specifications to suit-trading companies).
• Enhanced: HKD 600 – 800 per square foot net.
• Professional Services: HKD 800 – 1200 per square foot net.
• Very High-End: Some investment banks spend over HKD 1500 per square foot net on renovation.

HOW ELSE WILL SAVVI GENERATE SAVINGS ON OUR LEASE OBLIGATIONS?

The lease agreement generally requires tenants to restore the property to its original handover condition, before the expiration of the tenancy at their own cost.

Reinstatement costs for Class A or Prime buildings normally range from HKD 150–300 per square foot net.

Through listing your company's office space early with SAVVI, you have access to thousands of prospective tenant's who may take over your office space in 'as is' condition, saving them both design & fit out costs, and releasing you from your reinstatement liabilities.

For a 5,000 square foot net office, this translates to an average of HKD 1,000,000 in reinstatement savings.

HOW DOES SAVVI CONTRIBUTE TO THE ENVIRONMENT?

By matching both tenants looking for fitted offices and out going tenants who are relocating, proprietary algorithms deliver marketplace efficiency never seen before, minimising corporate waste as well as cost savings.

WHAT ARE THE BENEFITS OF OFF-MARKET TRANSACTIONS?

Filtering through market noise, and creating off-market opportunities provide more market fluidity, serving demand and supply with the breadth of options, whilst minimising bidding wars in tight markets through private match making.

DOES SAVVI CHARGE FOR ITS SERVICES?

SAVVI's global Tenant's Network is free to access. We are encouraging a share culture amongst the tenant’s community to not only benefit from cost savings, but an opportunity to save the environment through a more sustainable workspace approach.