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by Casey Sung
Choosing an
office location for your business can be confusing. If you are
planning to rent or lease an office, there are some advantages and
disadvantages to consider. The time and money you're willing to
invest in office setup and operations determines whether you will
lease an office traditionally or rent a Business Center. Below is
useful information about both options to help you make an informed
decision.
Differences between Traditional Leasing and Renting a Business
Center
Traditional office leasing means you're renting an office from a
landlord but you must cover the expenses of setting up your office
with furniture, equipment and office decor. You're only paying for
the office space. A lease is a contract between you and the property
owner stating that you will rent the office for a certain length of
time. Many lease agreements are renewable every one or two years,
and there is often a penalty for breaking a lease agreement
prematurely.
Renting a Business Center differs with traditional office leasing in
that you're actually paying for a full office service - not only
renting space. a Business Center is a fully-Business Center where
equipment, phones, computers, furniture and other important
accessories are already setup for your use. You only need to move in
to start your operations. Some executive suite Business Centers
provide staffing options. You'll have your own personal receptionist
to greet your visitors.
Advantages of Traditional Office Leasing
Traditional leasing offers several advantages, one being the ability
to choose your own furnishings, office decor and office equipment.
You can start from scratch and design your office exactly the way
you want it.
There is a wider variety of locations to choose from with
traditional office leasing. Executive suites are not as abundant as
regular office space because it's such a specialized service. If you
want your office to be located in a specific area of town, a
Business Center might not be available, however, there could be
several empty offices available for lease in that location.
Another advantage of leasing is there are many leasing options when
searching for an office. For example, if you are planning to
purchase an office once your business has been established, you
might be able to participate in a lease-to-own agreement. You'll
rent the property for a set amount of time and then have the option
to purchase the property at the end of the leasing term. You are
able to test the location and office before making a buying
commitment.
Disadvantages of Traditional Office Leasing
Traditional office leasing does have its downside. You'll be solely
responsible for setting up your office and keeping it running
smoothly. You'll need to purchase office equipment, furniture and
accessories. Another disadvantage is the hassle of setting up phone
and Internet connections, faxes, and printers. You must hire your
own office staff also. These tasks can drain your money, resources,
and energy in a hurry.
Advantages of Renting a Business Center
Business Centers come fully equipped to handle all your office
tasks. Some services even provide staff you can use to answer
phones, handle mail or email, etc. The office is designed for your
convenience. If you need to open your office quickly, you won't have
to spend time decorating and furnishing your office.
Another advantage of renting a Business Center is you can locate
your office in a prestigious business setting without the high costs
of buying or renting a fancy office building.
Business Center service contracts are usually flexible to meet your
needs. You can choose when and how long you'll be using your office.
The unique services are customized to fit your business schedule and
style.
Disadvantages of Renting a Business Center
A disadvantage of renting a Business Center is your limited input in
the design and operations of the office. There is often a limited
amount of space although you can rent cubicle office setups with
some companies. If you have many employees and need much space and
flexibility, a traditional leasing option might be best.
Before choosing a business location, consider all options. Your
business needs will determine if traditional office leasing or
renting a Business Center is the best route.
Grace Corporate Park virtual office service can help you establish a
prestigious business in New York City. We also provide permanent and
temporary serviced office spaces. See
http://www.corporatepark.net
for more information.
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2775 West Dickman Road, Battle Creek, Michigan 49037