Pros-n-Cons of Leased Offices and Virtual office

Pros-n-Cons of Leased Offices

Leased offices are generally bare shell offices that you can either lease from a landlord or a tenant that is already operating in that space. Herein, you must arrange your furniture and every other thing you need in the space. When you lease a leased office from a landlord, you’re typically signing the lease for 5-10 years. But when you sublease the space from the existing tenant, the lease term may vary.

Pros

• Monthly rental is very low when compared to serviced and managed offices
• You can find them in large sizes
• You get to have endless customizations at low prices
• You get to break your lease as and when discussed with the landlord
• Inexpensive to manage after the one-time interior setup
• You get to have better control of your office culture
• You can have everything custom to your organization
• Best to reflect the brand image

Cons

• Typically large lease duration
• Initial interior set-up is costly

Pros-n-Cons of Virtual Offices

If you’re seeking to have your business registered in some other location but want to operate from another, in that case, a virtual office can solve your problem. Or when you’ve just started your business and don’t require seats and chairs but still do require a professional business address, then a virtual office is your go-to. You get services like mail handling, meeting room access, and more.

Pros

• Low monthly rental
• Mail and call management facility
• Client hospitality services available
• Access to meeting rooms and conference rooms
• You can have the address for as long as you want to
• Once your business grows, you can lease your office space from the same landlord
• You get storage space
• Available across the globe
• Professional address builds your reputation from day 1

Cons

• You cannot have an office culture

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