Why choose shared offices? #4: Flexibility
Many growing businesses will eventually need a strategy for their expanding space needs. For the small business owner, this decision requires understanding the long term benefits of leasing conventional space verses the flexibility of leasing space in an office business center.
Conventional lease terms are typically a minimum of two years long and can require a significant security deposit depending on the business’s financial condition. Longer term leases will allow your customization of the build-out and wiring for your own equipment. Once a traditional space is leased, you will purchase telecommunication and networking equipment and services in addition to furnishings and business equipment. This type of arrangement is a good option for companies with large space or predictable long term requirements. If that is not your situation, committing to a space with a traditional lease may be too complicated, lengthy and expensive.
The alternate choice is an office business center, also called a “shared office”, “executive suite” or “serviced office”. Business centers have large amounts of space within prestigious buildings with smaller offices for rental to individuals and companies. These offices come fully furnished, well appointed and pre-wired for telephone service and high-speed internet. Shared services will include copy and fax machines, conference rooms, kitchen facilities and a reception area. Utilities and nightly cleaning are generally included. Most importantly, though, you are able to move into your office right away. As time goes by, space can be expanded or reduced to accommodate seasonal, project or other growth requirements.
Another benefit of an office business center is the administrative team which is in place to help you create your professional image without investing in your own support personnel. When you are away from the office, the business center’s staff will be there to answer calls and accept deliveries. Because the center’s staff assumes the responsibility for running the office, you can devote yourself to running your business.
Find out more about offices in our centers!
60 W. Randolph – Theatre District Business Center
101 W. Grand – Court House Executive Offices
4 E. Ohio – Tree Studios, Historic Center for Creative Arts
