Pros and Cons of Traditional Office Leasing versus Renting a Business centre

The decision of renting a business centre or taking on lease a traditional office is important for any business as the office location should be at a convenient place and it also depends on the time and money you are willing to invest for the office setup and operations. There are some advantages and disadvantages which you should give importance to if you are starting a business and if you are also planning to rent or lease an office.

Usually, a lease is a contract between the landlord and the business owner which states that you will rent the office which involves a medium to long-term contract, typically for at least three years and should also bear the expenses of setting up your office. A business centre, on the other hand, is a serviced office which is fully equipped and managed by a facility management company, and which also offers flexible and simple rental contracts with all the essential amenities such as phone lines, internet connections, and often even furniture. Exploring the advantages and disadvantages of traditional office leasing and renting a business centre will help you to choose the best route for your business and evaluate which office space suits your business the best.

Traditional Office Leasing – Its Advantages

• You can choose your own furnishings, office decor and office equipment.

• You can choose from a wide variety of locations with traditional office leasing. There could be several empty offices available for lease in a location where you want to set up your office.

• It is better to participate in a lease-to-own agreement if you have any plans to purchase an office in future once your business has been established.

Traditional Office Leasing – Its Disadvantages

• You will be responsible for setting up your office and running it smoothly.

• You have to purchase office equipment, furniture and other office accessories such as phone and Internet connections, faxes, and printers.

• Huge paperwork is required.

Renting a business centre – Its Advantages

• Business centre will already have things like office equipment, furniture and other office accessories such as phone and Internet connections, faxes, and printers in place by the time you move in, thereby helping you to concentrate your time and energy on your business from day one.

• A business centre service contracts are generally flexible and you can choose when and how long you will be using the office space.

• The services of a serviced office are customized to fit your business schedule and style and also helps in building a professional image.

Renting a business centre – Its Disadvantages

• Limited amount of space is available though you can also rent cubicle office setups with some companies.

• Traditional leasing is a good option, if you have many employees and need more space and flexibility at the same time.