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