There are a plethora of reasons why your business may look to rent new commercial office space. You could very well be expanding, you may be looking to relocate to a crucial geographical location, or maybe you are about to take the plunge by moving from home into your first commercial property.
Regardless of the reason, it’s very important to appreciate the different types of office space and what they can offer.
One very popular type of commercial office rental is the short term lease. Below are five essential facts that you should be aware of when looking into a short term lease:
1. Short term leases are on the whole significantly more flexible than alternative leasing arrangements. This can be perfect if you are ‘testing the water’ with a geographical location or office size.
2. Generally speaking, the services included in a short-term lease are very inclusive compared with alternative leasing arrangements. This is really good for budget management, specifically if you are a new business or perhaps keeping a tight rein on your finances.
3. A major geographical location will without doubt have cost implications and this type of lease can be the most economical way of discovering whether or not the new location is the ideal one. You will not want to be moving again too soon, but should the location be the wrong one, you know you are not committed long term.
4. Short-term offices by and large come as two options; managed offices and serviced offices. The serviced option would have more services that are available to the company and much less of a responsibility for the management side. This might be an ideal option for a new or small business.
5. In the course of this tricky financial climate that the whole world finds itself in, the fact that there isn’t a large upfront fee required for a short-term office lease is also enormously appealing.
The commercial office space industry is at this time extremely competitive and as a result of this and the excellent choice of leasing arrangements available, some excellent deals can be found on offer. Compare all the pros and cons of the different schemes available and consider thoroughly any office building you consider and its location. It does not matter how good a deal you can strike, you’ll want to make certain your decision was the right one as whilst your commitment is only short term, relocating once more is something you can do without.
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