Executive suites give business owners an alternative way to rent office space. These suites have a range of benefits over regular leased rentals. How do executive suites work? Why should you consider moving your company to this rental model?
What Are Executive Suites?
Executive suites give you a way to rent your own office space in a shared resource environment. Here, individuals and companies rent private office space. This space is usually furnished.
You then share communal services and resources with other people who rent suites in the building. So, for example, you might be able to use shared reception and administrative staff. You get access to office equipment such as printers, copiers, scanners, and fax machines.
You also get to use shared spaces. So, for example, most suites have some communal conference and meeting rooms. You book these spaces when you need to use them. You also usually get access to shared break rooms and, in some cases, coffee shops, kitchens, and drinks stations.
You pay a basic charge for your rental here. This typically includes charges for your office space, utilities, and core technology services such as Internet access. You then pay for any billable communal services you use such as copying, administrative work, or room bookings.
Why Move to an Executive Suite?
Executive suites make it easy to set up a new office. You can rent anything from one room to a large open-plan office. You don't need to worry about buying and installing furniture or equipment. You don't have to set up contracts for utilities and technology systems.
These suites help you keep your operational costs low. Your basic rent covers your office space and essential services. You only pay for additional services when you use them.
Plus, you won't have to sign a long-term lease to use this space. Many executive suite providers offer shorter lease agreements. You can also upgrade or downsize your space without moving to a new building if your business needs change.
This is a particularly useful setup for small businesses and freelancers who might not be able to afford to set up a regular office yet. An executive suite gives you all the services you need at a more affordable cost. Small businesses can look like bigger players because they operate out of a fully-functional office.
Plus, you also get networking benefits when you move to an executive suite. Most buildings contain a lot of different companies. You get opportunities to meet and network in communal areas and shared spaces.
For more information, contact executive suite companies and ask about their office space and services.