There are many options available to you when considering setting up a new office. You can rent a commercial office space, buy property, or have a virtual office in DC or the surrounding area.
Renting an office may seem a practical choice, especially if you’re not ready to commit to a long-term office lease. Here’s information to consider that can help you assess the true cost of an office space rental:
Real Estate Costs
Although renting an office may be more affordable than buying one, you’d still have to allot money for deposit and other fees the property manager may require. This may require significant upfront costs that can bit into your starting capital.
To reduce initial costs, some entrepreneurs often start with a DC virtual office. With this type of office, you can have a premier office address and establish your business presence in your chosen location without a large investment.
Costs for office furniture, computers, and office supplies can easily eat up a major portion of your budget. Make the most of your initial investment by reducing (or getting rid of) equipment expenses.
When you rent a virtual office or a workspace on demand, you can have all these things when you need them at a fraction of a price. We provide enterprise-grade IT infrastructure and equipment so you can enjoy working in a stylish office space whenever you need to. You don’t need to buy equipment or furniture.
When you rent an office, you can be constrained by a long-term contract. As your business grows, the needs of your company change too. That small office may seem enough for you now, but what if you need to hire more people and add additional workstations? You’ll be spending more on equipment and may even invest in a new office. You may find you can’t get your deposit back, and you may end up allotting more money to your office than you were initially willing.3
If you’re looking for a new home for your business, consult experts you can trust, like Metro Offices.
With more than 25 years of experience in the industry, we can help you find the most cost-effective option for your business. Call us at (703) 871-5208 for more information on affordable, professional, and stylish office spaces in the Metro DC area.