Choosing an office location for your business can be confusing. If you are planning to rent or lease an office, there are some advantages and disadvantages to consider. The time and money you're willing to invest in office setup and operations determines whether you will lease an office traditionally or rent a Business Center. Below is useful information about both options to help you make an informed decision.

Differences between Traditional Leasing and Renting a Business Center

Traditional office leasing means you're renting an office from a landlord but you must cover the expenses of setting up your office with furniture, equipment and office decor. You're only paying for the office space. A lease is a contract between you and the property owner stating that you will rent the office for a certain length of time. Many lease agreements are renewable every one or two years, and there is often a penalty for breaking a lease agreement prematurely.

Renting a Business Center differs with traditional office leasing in that you're actually paying for a full office service - not only renting space. a Business Center is a fully-Business Center where equipment, phones, computers, furniture and other important accessories are already setup for your use. You only need to move in to start your operations. Some executive suite Business Centers provide staffing options. You'll have your own personal receptionist to greet your visitors.

Advantages of Traditional Office Leasing

Traditional leasing offers several advantages, one being the ability to choose your own furnishings, office decor and office equipment. You can start from scratch and design your office exactly the way you want it.

There is a wider variety of locations to choose from with traditional office leasing. Executive suites are not as abundant as regular office space because it's such a specialized service. If you want your office to be located in a specific area of town, a Business Center might not be available, however, there could be several empty offices available for lease in that location.

Another advantage of leasing is there are many leasing options when searching for an office. For example, if you are planning to purchase an office once your business has been established, you might be able to participate in a lease-to-own agreement. You'll rent the property for a set amount of time and then have the option to purchase the property at the end of the leasing term. You are able to test the location and office before making a buying commitment.

Disadvantages of Traditional Office Leasing

Traditional office leasing does have its downside. You'll be solely responsible for setting up your office and keeping it running smoothly. You'll need to purchase office equipment, furniture and accessories. Another disadvantage is the hassle of setting up phone and Internet connections, faxes, and printers. You must hire your own office staff also. These tasks can drain your money, resources, and energy in a hurry.

Advantages of Renting a Business Center

Business Centers come fully equipped to handle all your office tasks. Some services even provide staff you can use to answer phones, handle mail or email, etc. The office is designed for your convenience. If you need to open your office quickly, you won't have to spend time decorating and furnishing your office.

Another advantage of renting a Business Center is you can locate your office in a prestigious business setting without the high costs of buying or renting a fancy office building.

Business Center service contracts are usually flexible to meet your needs. You can choose when and how long you'll be using your office. The unique services are customized to fit your business schedule and style.

Disadvantages of Renting a Business Center

A disadvantage of renting a Business Center is your limited input in the design and operations of the office. There is often a limited amount of space although you can rent cubicle office setups with some companies. If you have many employees and need much space and flexibility, a traditional leasing option might be best.

Before choosing a business location, consider all options. Your business needs will determine if traditional office leasing or renting a Business Center is the best route.

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