When you decide to start a new business or expand an existing business, one of the most important decisions concerns the choice of office.
Among the many options available, an office in long-term or short-term it is among those taken into consideration most often. In this article, we will explore the differences between these two possibilities together to help you make the right choice for your business.
Long-term office rental
Renting an office on a long-term basis involves, first of all, signing a lease with the owner of the property which generally lasts one or more years. This means that you can have theExclusive access to the office for the entire duration of the contract.
There are several reasons why this type of rental may be the right choice for your business. For one thing, you can have more stability and safety, because with the long-term contract you will have the office available for longer. Secondly, you could save something extra. In fact, renting an office for a longer period of time can be less expensive than short-term rental, because discounts are generally given to customers who sign a longer-term contract.
However, there are also some “cons” that you need to keep in mind when considering a long-term rental. For example, if you already know that your business needs will change over time, this solution may not be the right choice. Additionally, long-term office leasing requires a significant initial financial commitment and locking in resources for an extended period.
Short-term office rental
Short-term office rental, as well as a co-working office, is usually a better option flexible and suitable for all those who have needs that change over time. Unlike a long-term rental contract, you can manage this option with a monthly or weekly subscription, which will allow you to access the office only when necessary.
Even for this type of rental there are pros and cons that you will have to keep in mind. First, renting an office on a short-term basis can be less expensive, as you don't have to commit to it for an extended period of time. Furthermore, this type of rental will allow you to be 100% flexible, as you can decide to change offices if your needs change quickly. In OfficeNow, the activation times of your new office are significantly reduced. From the day of the visit, in less than 24 hours it is possible to be up and running as there is no need to activate utilities or look for the most suitable furniture.
In conclusion, both long-term and short-term rentals are both excellent solutions. The choice between these two options depends only on the specific needs of your business, your priorities and the investment you want to make.
With us at OfficeNow you can choose between these two types of rentals thanks to our packets:
- Monthly Package: monthly rent + interest-free security deposit
- Annual Package: discounted monthly rent + interest-free security deposit