How Executive Suites Can Help Businesses Cut Costs
An office is an essential piece of business kit. But it doesn't have to be a costly one, as officebroker.com reports...
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Getting good value for money has always been an important factor for businesses. But since the global recession took hold, cutting costs is now more vital than ever. We look further into the benefits of executive suites, and how they can help your business ride out the recession.
Know what's coming: Many businesses already utilize the fantastic benefits of executive suites. One of the most appealing is that your office landlord or provider will roll the cost of these 'extras' into one monthly bill. This means you won't have to fork out cash to deal with problems you weren't expecting, such as cabling issues, air-conditioning breakdowns or a leaky roof! Therefore you can include your monthly rent within your budget, safe in the knowledge that this cost accounts for all the major facilities you need at your office.
Flex appeal: There are many cost-saving benefits to be had from the flexible nature of executive suites. One significant plus is that you won't have to seek legal or professional advice to help you sign the contract. It's usually just a simple form that you can fill out yourself. This removes the need for expensive legal bills from your lawyer or property advisor.
Try a new city: Businesses moving from a traditional long-term agreement into an executive suite with a more flexible lease will appreciate the shorter-term license agreements. It enables businesses to expand, downsize or try out a new location, without committing to a long-term contract. Once their initial license agreement is up – which can be as short as 3 months – they can move out or extend the license. It’s as simple as that!
Go further afield: City center locations are traditionally more expensive than out-of-town or perimeter areas, so consider trying out somewhere on the outskirts to save money each month. You won't have to compromise on quality to do so - many offices outside the city are often refurbished to an excellent standard, because they're in competition with more central locations or providers, so work harder to win your contract. You're also likely to find a more accessible office, because you won't be contending with city center traffic. This could save you money on gas, and help the environment too - go green - everyone else is!
Get-out clause: If you're currently tied into a long-term lease but you want to move out of your office, or you've downsized your team and have too much vacant space, you could look into sub-letting. This means you'll rent out the available office space to another occupier, which allows you to move elsewhere. Your occupier will pay the lease on your old building or space, and you're free to move into a cheaper and more manageable executive suite.
Go virtual! One of the most cost-effective forms of office space is the virtual office. You'll get a prime business address, a mail-forwarding service and a receptionist to answer calls for you. You'll also get discounted meeting rooms and admin assistance when you need it. Many US offices provide this service - giving you a wide range of locations - and the cost is much less compared with a physical office lease.
If you're looking for an executive suite in the US or around the world, or you want to find out more about how they can help you save money, contact one of our office space experts for FREE helpful advice and guidance. You can also go straight to our website at us.officebroker.com to start finding offices in your preferred location.