Office Space Rental: Finding a Cost-Effective Option
January 3, 2015
One of the things you should think of when starting a business is your office. There are many ways to have one. You can rent a commercial office space, buy a property, or have a virtual office in DC.
Renting an office may seem a practical choice, especially if you’re not ready to spend money on a property. However, it isn’t always the cost-effective option. Here’s some information 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 take away a huge chunk of your 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 spending a fortune.
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. Here at Metro Offices, for instance, you can use enterprise-grade equipment and enjoy working in a stylish office space whenever you need to. You don’t need to buy each equipment or piece of furniture.
When you rent an office, you get tied down with a contract for a few years. 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. When it comes to this, you won’t be able to get your deposit back, and you may end up allotting more money to your office than you were initially willing to do.
Don’t settle for the first option available. Renting a commercial office space isn’t always a good idea. If you’re looking for a home for your new business, consult experts you can trust, like us at 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.