So your business success has led you to the point of needing to acquire office space. What should you consider when comparing a direct lease to subleasing in a business centre?
BOSS Business Centres offer an affordable subleasing structure. Here, we break down why that might be a better fit for your business.
When you lease directly, you get your exclusive office space and nothing else. Business centres generally have shared space available, such as a reception area, a kitchen and shared meeting rooms or boardrooms.
If you don’t have a need for any of these shared spaces then a direct lease might be more economical.
But if you do use these shared spaces, a business centre like BOSS can provide you with more space at a reasonable price.
When leasing directly, bear in mind there are many additional costs over and above the cost of the lease.
First and foremost is the cost of a receptionist, if you need one. This generally comes at no additional cost in a business centre.
Other costs to consider include:
Again, most business centres like BOSS make these services available at no additional charge.
When you lease directly, you will need to provide your own furnishings. If you are a fairly stable company in terms of growth, this could be a once and done matter. However, if your business is dynamic, with constantly changing revenues and human resource levels, managing the furniture can be a huge hassle and comes at a significant cost.
At BOSS, we offer flexible solutions to furnishing and can easily help you change your office configuration and furniture as needed.
There’s more to an office environment than the four walls that surround you. Business centres provide a community-like setting, where a diverse lineup of businesses come together for a common purpose.
Your business can benefit from having access to more resources and amenities at a business centre, but also benefits from the networking opportunities of sharing the centre’s common areas with like-minded business owners. All with the privacy of maintaining a private office for your operations alone.
“We really try to foster a friendly environment enabling meaningful connections between our clients,” BOSS owner Julian Clark says.
How long do you need to commit for? Can you change office size during your term? How much notice do you need to provide to exit your rental?
Business centres offer much more flexible terms than leasing directly. At BOSS, we offer simple month-to-month agreements that can be a significant benefit for start ups, entrepreneurs and other businesses that are either experiencing dynamic growth or taking on project work as part of the business plan.