Why Private Office Renting Beats Long-Lease Traditional Offices

As a small business owner, of course it’s possible to temporarily work from home, a coffee shop, or a coworking space if you’re cash-strapped. Eventually you may want to take things to the next level as your business grows. Instead of moving to a commercial office space, however, you may want to consider private office renting.

Why should you do that, you ask? Well, there are several reasons why a private office is a wiser choice than a traditional office.

Case in point, Forbes explains why small businesses may not find traditional offices to be a viable option.

According to their article:

“Office space can be a drain on resources for startup companies. Most landlords and commercial real estate brokers demand 3-5 year lease terms and personal guarantees when securing an office. This is usually not an ideal requirement for new companies who are looking to grow and avoid extra liabilities.”

Thus, the site encourages business owners to “think outside of the box” when it comes to their workspace preference.

Why private office renting is better than traditional offices

Private offices can definitely bring numerous advantages that startup entrepreneurs may not experience elsewhere. Allow us to dig deeper and outline some of the possible benefits.

Private office renting is less expensive and more flexible

To begin with, a private office gives you great flexibility while allowing you to save big bucks at the same time.

As pointed out by Forbes earlier, traditional offices can be “a drain on resources'' for new businesses. Not only are the up-front costs prohibitive, commercial office spaces also come with a contract that may lock you in for several years. This, of course, can be challenging if you’re at the starting line of your journey as an entrepreneur. While it’s nice to have an exclusive place where you and your team can work, maintaining it will be hard on the pocket.

Instead, you can easily eliminate these problems if you opt for a private office. Renting a private office is generally on a month-to-month basis. This means you won’t have to spend so much on a big space when you only have, let’s say, five employees. You can reserve a space that matches your organization and move into a bigger one as you later expand. And since there are no long-term contracts, you won’t have to stress out if you want to stop using the office. You can leave or switch to a different provider anytime you want.

Not to mention that private offices are often accessible 24/7, which is great for days when you need to work long hours. No one will judge you if you prefer to work late nights or early mornings.

In so many ways, private offices are definitely more flexible and practical than your traditional office spaces.

You won’t have to worry about office utilities, furniture, and equipment

Usually, taking the commercial office route means you’ll have to start from scratch. It will be your responsibility to secure an internet connection and utilities. You’ll also have to buy computers, chairs, desks, filing cabinets, copiers, printers, coffee makers, vacuum cleaners, and more.

Obviously, such is not the case when you rent a private office.

You and your team only need to bring your laptops and show up – everything else will be provided for you. They have fast, reliable WiFi, and office equipment that you can use. Experiencing tech problems and need some help? Just call it to their attention and trained staff members are always ready to lend a hand. In most cases, private office providers likewise offer free coffee and tea for their customers. They’ll even clean up the place before and after you work.

Everything you need to run your office will be provided as you reserve a space and pay the necessary fees. As a result, you won’t have to spend huge amounts just to get your business off the ground.

Plus the best have additional facilities

On top of the perks already mentioned, private office renting also allows you to use additional facilities where available.

Conference rooms can be useful when meeting with your group or with potential investors, partners or clients. Phone booths are ideal when you need privacy as you take a call or attend a Zoom meeting. Meanwhile, you can also use event spaces for product launches and other business events.

Just make it a point to book ahead so you can reserve the facilities for the date that you need them.

Networking possibilities are limitless

Traditional offices are designed to be exclusive for you and your business. This often means your team members have their own cubicles or offices.  

On the other hand, rentable private offices are commonly located in a coworking space – or provided by a coworking company. As such, you and your business will likely meet other professionals who may be from different industries. This offers excellent collaboration opportunities. On top of that, you can expect to be invited to community events (such as free yoga classes, seminars, workshops, and networking events, among others).

The scope for growing your connections both inside and outside your industry can be tremendous.

Final thoughts

Think private office renting is the best way to go? It may well be, depending on the type of your business, your overall goals, and the budget you have.

Go contact local private office providers to ask about and compare their respective packages. That way, you can make an informed decision as you pick which option is perfect for your startup’s needs.

*Featured image source