Partner Article

Why you should consider renting Office Space

Purchasing commercial property for your business can be a huge investment and not something recommended to smaller companies and start-ups. Instead there are many cost-effective and quality rentals on the market which are an extremely convenient and business savvy option for smaller companies.

There are benefits to purchasing property, especially if you need to release equity at a later date but it certainly isn’t an option for everyone. The present economic climate makes purchasing a risky business decision and renting office space has become an extremely intelligent option for even larger businesses.

Here are some top reasons for choosing to rent office space.

Money, Money, Money

As already mentioned the economic times have made every penny worth saving and renting an office space is extremely cost effective. You won’t need to cough up huge amounts every month for a mortgage or pay out any of the expensive arrangement and related fees. The expenses that come along with owning your own premises can be huge. You can use the money you’ve saved from renting on other aspects of your business, helping it move upwards and develop. Most offices on the rental market are completely ready for occupancy so you can get started straight away rather than needing to plan and construct your own premises.

Affordable Maintenance

Maintaining your rental office is much less of a worry than when you own the property. Issues pertaining to the property are not yours to worry about and should be dealt with quickly by the property’s landlord. If something breaks and a repair is required a professional maintenance company should be on hand to repair it and in many cases there will be no charge as your rent will cover this service. Your rental may also cover the cost of your utility, cleaning and phone/internet bills – if you’ve chosen for a serviced office option of course. Many office rentals also include secure parking for you and your employees, sometimes for a small fee but often without having to spend any extra cash.

Top Draw Amenities

Many rental offices are fitted with all the latest amenities which simply wouldn’t be in your budget if you chose to purchase your own property. You can personalise the interior of your office as long as the foundations are kept intact and in some instances when you opt for a serviced option you’ll be provided with all necessary furnishing to get your business off the ground immediately. All you need to provide is your computing equipment and you’re ready to go.

Flexibility

Renting office base is a more flexible option. It’s a brilliant idea for start-ups who aren’t assured of immediate business success. You can choose to rent for short-term periods and see how things go. If they’re successful and you need a bigger space this is entirely possible whilst also on the flipside if you need to call it a day there is no huge effort needed, you can simply end your contract at the end of your agreement and be on your way. If you purchase property it will be a lot more complicated.

Tamara Remy has been an office manager for thirty years and has worked in a range of serviced offices across London including those found through Flexioffices.

This was posted in Bdaily's Members' News section by Matthew Hanks .