Is Renting a Private Office in a Coworking Space a Good Investment?
Running a business involves carefully weighing different decisions in order to ensure you are optimizing your investment properly. Ensuring your budget is being properly utilized is an important decision. When it comes to renting office space, juggling your budget and your ROI goes hand-in-hand.
Office space is one of the most significant expenses for your company. Leasing a traditional office space can be costly and it can also lock you into a long term lease that may handcuff your options in the future. Are there any alternatives to the traditional office? Yes!
Shared Workspaces provide many of the same benefits of a traditional space, but with more flexibility while proving to be more cost effective. We believe it’s a win-win situation for small businesses, entrepreneurs, and solo professionals. Here are some of the reasons we believe renting a private office in a coworking space is the best option.
Leasing private office space can be difficult because your business may grow out of your projected size. This can increase the odds of overpaying for space that you are not using or being limited by the space you have available. Locking into 3-5 years with the wrong growth projection can be costly.
Renting office space in a coworking center does not restrict your growth timeline or the length of your lease. Your options are not limited by the traditional office space leases. You can choose a flexible month-to-month agreement, and you can scale up and down as your business’s needs change.
Say Goodbye to Hidden Costs
One of the misnomers about leasing traditional space is that whatever the lease is listed as will be your cost. You may believe you’re within your budget when you sign your lease. However, did you take into account the hidden costs of coffee, internet, cleaning, waste management, and insurance. Let’s not forget the large cost of furnishing the entire space.
A private office in a coworking center comes fully furnished with high quality office furniture, as well as other amenities. Parking, internet, cleaning services, office management, gourmet coffees and teas, and other benefits are included in your private office membership.
Grow Your Business
How can renting a private office in a shared workspace center increase your business? Well, there are a number of ways. One aspect is presentation. Coworking locations are modern and clean with multiple conference rooms available to host clients. First impressions are crucial in business, and offering your guests complimentary coffees and presenting in a state of the art meeting room shows your clients that your business is high quality. Also, being greeted by a manager as soon as they walk into the facility shows that you take care of your customers.
Another way to grow your business in a coworking space is through networking. Working in a coworking center gives you unparalleled access to other professionals. Instead of having to pay to join a networking group and spending your valuable time going to meetings, you are able to network with others while you work. Being able to receive referrals and make new business contacts while you work is a great benefit!
At Office Evolution Fairfax, we offer private offices that are fully furnished on a flexible month-to-month basis or longer depending on your needs. We are located right off of Route 50 and Route 123, with convenient first floor access and seconds away from I-66.
We have a wide range of facilities including a fully staffed reception, Wi-Fii, and a complimentary beverage bar stocked with gourmet coffees and teas. You can be sure you’re getting the biggest bang for your business’ buck.
If you are a Northern Virginia business looking for private office space, Office Evolution Fairfax will provide you the tools you need to be more productive, professional, and profitable.
At Office Evolution Fairfax, we provide virtual office, coworking, and private office solutions at our shared office center. We offer conference rooms, offices, hot desking in a shared workspace, co-working lounge, a shared reception, a business address, and virtual receptionist services. We have many options and price points, and all terms are flexible. Plus, you become part of a community of like-minded professionals.
Whether you live in Centreville, Fairfax, Annandale, Oakton, Chantilly, Burke, Vienna, Falls Church, and other communities nearby in Fairfax and Prince William counties, choosing Office Evolution Fairfax in Virginia will help you be more professional, productive, and profitable.
Written by: John Franke
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Office Evolution has more than 70 locations open, 140 units sold in markets across the country and is poised for further growth as the demand for affordable and safe, workspace close-to-home continues to rise.