When deciding to join an Executive Office Suites Rental space such as Office Alternatives or Lease your own space, there are several cost and qualitative factors to weigh out

  1. COMMITMENT LEVEL

    Leasing one’s own space requires a financial commitment and often a personal obligation of 3-5 years. Shared office space such as Office Alternatives is short-term!

  2. START-UP COSTS

    Leasing:
    Common space Furniture/equipment – $2.5K – $8k
    Building signage $3-5k
    Supplies $500

  3. MONTHLY COSTS

    Leasing: Aprox $6,100
    Rent $2500+ Janitorial $$200
    Internet $250+ Pest control $100
    Phone $200 Copier lease $300+
    Coffee $50+ Receptionist Payroll $2k
    Utilities $0-$500

  4. QUALITATIVE CONSIDERATIONS

    Can I downsize quickly if my business takes a bad turn? Not if leasing
    Can I expand and contract quickly based on demand? Not if leasing
    Can I get additional meeting space when needed? Yes with shared space

  5. LOCATION LOCATION LOCATION!!

    We’ve all heard it’s all about location. Leasing usually means “off the beaten path” side streets and strip malls whereas Executive Office Shared space such as Office Alternatives locations are at the right place at the right time. So ask yourself these questions when deciding:

    Can my budget afford me a prestigious building and great location?

     

    Would my clients think I’m doing well with a nicer facility?

    Do I (or my clients) have to pay parking? Yes would be a bummer!
    Do I care about image and appearing more established? Shared space appears larger and more established. It gives the appearance the entire Class A/B building is your business’ alone.

OTHER HIDDEN COSTS

Snow removal

Pest Control
Security monitoring
Business property insurance

OPEN OFFICES

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