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Why New Businesses Should Rent Office Space 27
May of 2014

Although some people may think that buying is better, in certain circumstances, it’s actually better to rent office space than acquire it. Read on to discover why you may want to rent out office space for your business, rather than buy it.

Rent Office Space Tips - Affordability

New businesses don’t have a lot of capital, and therefore it usually makes more sense to rent office space rather than buy it. You won’t need to put up nearly as much money at the start as when you buy, and this will make for a healthier cash flow. You’ll be able to use this money for other crucial factors to grow your business such as marketing, equipment investments and more.

Office Location Options

Although purchasing a premium office in a prime location may be out of your grasp with a new business, renting doesn’t have to be. Be aware that you should select a location that your clients and employees can easily reach for the best success.

Room for Growth

If you opted to purchase a property for a new business, you may quickly discover that it doesn’t offer the space that you need to grow. You may take on new employees, or even need to move in order to cater to the needs of a new client. Even though you don’t know the future of your business when you start out, by renting you can cater for that aspect.

Overhead Costs

Renting an office will usually give you immediate access to all the facilities that you need, such as internet, kitchen area, conference rooms and a reception desk. You may even be able to seek IT support, executive’s suites and more.

Making Your Decision

If you don’t have a lot of capital available to you as a young business, than its most likely that renting will suit your business a lot better. It can take several years of business to grow capital, but this will give you the time that you need to develop, increase income and align your location with your needs.

If you’re looking to rent office space, contact us today.


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