Dart Real Estate is offering 25 shared office spaces on month-to-month terms at Regatta Office Park on West Bay Road under the name ‘readyspaces’.

The new venture comes in response to local demand and the growing need of certain offshore companies to demonstrate economic activity on island, the company said in a press release.

The workspaces are fully furnished, with high-speed WiFi, a full-time receptionist, access to shared copier and printing facilities, shared kitchens and washrooms, access to high-tech meeting rooms, free parking, a back-up generator and secure 24/7 access.

Premium units have a more open floor plan and space for internal or client meetings.

“With the units at readyspaces, we are able to provide high-quality, small office spaces to international and local businesses looking to set up a physical location,” said Jennifer Ebanks, senior manager of business development for Dart, in the press release. “Having a turnkey space eliminates the necessity of setting up a professional environment from scratch, and we offer an excellent level of service with a full-time community manager that ensures someone is always on hand to help meet any needs that arise.”

Office space can be booked through an online management system.

Dart said with an increase in the number of companies in Cayman there will be more demand for quality office space from the international market. The offices are also aimed at businesses seeking to establish a physical presence on Grand Cayman, in the wake of new substance legislation that requires certain companies to maintain staff on island for tax reasons.

“With a new regulatory environment and high demand from both local and international audiences, readyspaces allows Dart to meet current business needs while supporting the achievement of economic substance,” said Jackie Doak, president of business development for Dart. “We are keen on expanding this opportunity to the other commercial properties in our portfolio, including Camana Bay and downtown, as demand increases.”

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