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
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 month to month forever!
Common space Furniture/equipment – $2.5K – $8k
Building signage $3-5k
Leasing: Aprox $6,100
Rent $2500+ Janitorial $$200
Internet $250+ Pest control $100
Phone $200 Copier lease $300+
Coffee $50+ Receptionist Payroll $2k
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
LOCATION LOCATION LOCATION
We’ve all heard it’s all about location. Leasing usually means “off the beaten path” 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?
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
Business property insurance
1st come 1st served 2020
Available Now: 2 Extra Large Executive Office Suites all inclusive
Move in/Out Fee = Waived (not including any taxes)