Four ways to rent office space

There can be various reasons for the decision to rent office space. Whether you need more space, aim to add credibility to your business or simply want to escape from the distractions of home, there are various options to consider.

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Virtual office space

According to BBC News, around 15 per cent of the UK population is self-employed. Many of these people work from home and do not require physical office space, which is where virtual office space can be the ideal solution. If all you need is to enhance your company’s reputation by adding credibility, you can have a professional address for mail delivery and someone to handle your mail and certain day-to-day tasks. Hiring virtual office space could be the answer.

Co-working office space

For anyone who needs more physical space for their business but is constrained by their finances, co-working offices can offer the facilities you need much more inexpensively than traditional leasehold office space. Sharing office space with other businesses has both advantages and disadvantages. It can be very flexible; therefore, if you only need the space for a short time, this can be the ideal solution. Some people enjoy the social benefits of sharing office space with others; however, there are also disadvantages, such as a lack of privacy and difficulty in receiving visitors.

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Serviced office space

Contracts for serviced office space tend to be shorter than those for leasehold offices. This can be a more expensive option; however, the advantages can far outweigh the disadvantages. If you are looking for high-end offices to let Basingstoke provides facilities such as that provide the opportunity to move directly into a fully-equipped office with all the facilities you need. As the landlord is responsible for all ongoing maintenance and service costs, you can concentrate on your own business.

Leasehold office space

This is the commonest way of renting office space. It has the advantages of giving you the independence to decorate and furnish the office as you like; however, the disadvantages include the fact that you will be responsible for office maintenance, providing furniture and arranging and paying for the utilities you need. As leasehold office contracts usually run for at least three years, you may have to be prepared to renegotiate if your needs change in the future.

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