The business world is changing very fast due to factors like flexibility and feasibility. You must ensure that the office space you are using can accommodate the growth of your business and suits your financial plan as well. If the office space is not flexible, then you might want to opt for a short-term contract so that you are not legally bound with a space for a very long period. Commercial spaces commonly require three to five-year leases, and this is on the shorter end of the spectrum. For a small to the medium business owner, this might turn out to be a big risk when working on a tight budget. Hence, you must be fully aware of your business requirements, and keep the potential growth of your resources in mind before you plan to sign an agreement that allows you to hire an office space.
A short-term office space lease allows you to focus on your business growth and lowering the level of risk a multi-year lease brings with itself. Choose to rent short-term office space so that you can move out or update the contract whenever YOU are ready. Here are a few tips for you before you start looking for short-term office space:
Dedicated Space or Shared Space?
Thinking like Hamlet is useful when you have to take practical steps for your business. Whether you choose to work in a dedicated space or you think that coworking is the right option for you, make the right decision before signing the contract.
The Ideal Location
When you want to hire a short-term office space, location matters a lot. You want to make sure that your employees can get to work easily and conveniently. Your short-term office space should be well connected via public transport and have parking facilities nearby so that the employees, as well as your clients, have multiple transport options.
Size and Facilities
It’s a bit tricky to analyze how much space you need. But you can count three main factors to make this decision:
1) Number of employees
2) Nature of your business
3) Potential growth
Besides these factors, you have to think about the facilities offered by your landlord. These should include basic facilities like high-speed internet, phone line, meeting rooms, and any other facilities you may need. For this reason, serviced offices are suitable when it comes to short-term office space. You will not have to spend on creating the place and all your office needs are taken care of by the specialists.
The Cost
Even if your office space has everything you need, the core of the matter is how much it is going to cost you. If the cost is too high for you, then you can’t put a burden on your finances for a temporary office. That’s why it is important to find out whether the deal is negotiable or not. If there is flexibility in the package offered to you, then it gives you peace of mind that your needs can be accommodated.
How Long You Want to Stay?
Signing a flexible contract is important because you don’t want to be locked up in a long contract when you think that you will need to move. Whether you need a short-term office space for a week, a month, or a year; you should be able to discuss it with your landlord. Consider all these factors before you determine the length of your lease.
Make the Right Decision in Choosing Short Term Office Space
Before choosing a short-term office space, apply the employees first approach. Remember, if your employees are comfortable in an office setting you to choose for them, they will be more productive, and this will foster a happy work environment for everyone.
If you are looking for a short-term office space that offers you flexibility, SOI specialists will be very pleased to advise a solution that will meet your requirements. Contact Serviced Offices International today to book a tour and speak to the professional consultants for your office solutions.
