Leasing office spaces: An upcoming trend

A confusing issue which all the small entrepreneurs, small businesses, new ventures etc. face is whether to lease/rent or buy office space. If there are financial constraints and more focus of capital is required in business, then the smartest way is to lease office space. Nowadays renting an office space could be availed in many ways like going for serviced office space for rent, conference rooms for hire, training rooms hire etc. You can hire conference rooms only for the duration of time the meeting is conducted.

Advantages of leasing office spaces are:

·         Flexibility: When it comes to leasing an office premise, rental office premises are flexible because they can be renewed based on the duration and as per the needs and requirements. When the lease price increases or does not suit one’s budget, he/she can easily relocate.

·         More time to focus on main business: No headaches of small nitty grittiness which the owners of the premises generally face like maintenance, security, reconstruction etc.

·         Goodwill: A goodwill or a professional image is created which gives a sign of a legitimate business wherein it upholds the trust and confidence of the employees and also increases the client base.

·         Initial set up space: Since people generally hire their offices in already set up business parks or buildings certain things are already set up like phone lines, internet, intercom facilities, basic amenities like windows, chairs tables etc. The owners would generally have to build up a space from scratch but, for rented premises, the basic things would already be done such as tiling, painting, doors, windows etc.

·         Good surrounding:  A good, well-defined/designed, welcoming and maintained environment is a must for good growth in a business. A noisy or rather distractive, dimly lit, cramped place would not be good surrounding to conduct business.

Whether you’re a small start-up or a large multi-national company or entrepreneurial freelancers networking together you’ll save time, money and hassle by renting an office premise. A comfortable environment which would be stress-free as well as having good space for everyone to fit in as well as physically would make the business prosper.