Should your business rent office space?Pros, cons, and a better option.Over the past five years there has been a major shift in the way companies look at office space due to higher commercial rents and remote work now being part of most companies’ daily work routine. Thus, the main question is: Do you really need a traditional office, or is there a better way to run your business?Below is a comparison of the benefits and drawbacks of renting an office space and a popular alternative to many small businesses around the country: flexibly priced office rentals with a variety of options at Lockaway Storage.Pros of renting an office space:Collaborative in-person work environmentA common workspace provides employees with the opportunity to develop quicker and easier teamwork as well as build personal relationships with coworkers through face-to-face communication and sharing ideas.Better separation between work and lifeNot all people thrive while working from home. A designated workplace allows employees to get into “work mode” much faster, which may increase productivity and reduce burnout.Uniform working conditions for all employeesBy having all employees work in the same space, the employer has complete control over the internet speed used, the type of lighting present, the safety policies that exist, and the overall working environment — all of which can be difficult to maintain when employees are working remotely.More opportunities for creating a stronger company cultureWhen employees work together in person, they create routines, make jokes about events that occur at work, understand each other better, and build a company culture that would otherwise take longer to develop.A physical business location for search engine optimization and trustworthinessBusinesses with a physical location tend to appear more trustworthy and are displayed more frequently in search engine results. Also, having a professional location means that you know exactly where your packages and mail will arrive reliably.Cons of renting an office space:Increased costsRent, utilities, internet, furniture, etc. can add up quickly in a traditional office setting. Long-term leases are also a commitment.Commute time issuesYour employees will likely lose hours during the week due to commuting back and forth to the office and sitting in traffic, using gas money, etc.Limited ability to growAs your team grows, so will your needs. However, if you are limited by the size of your current space, you will either have to move to a new office or sign a larger lease.Location-based limitations on hiringSince your business is located in a specific geographic area, you will be limited in your ability to hire people locally rather than across the country as you could with a remote setup.Increased opportunity for the spread of illnessWorkplaces where multiple employees share a space increase the likelihood of the spread of illness among employees, such as colds and flu.A better compromise: flexibly priced office rentals at Lockaway StorageFlexible office rentals offer a suitable compromise for many small businesses, contractors, freelancers, remote workers, and inventory-based companies that require a workspace and a storage facility for their products, tools, supplies, equipment, and/or records.Flexible office rentals offer savings compared to traditional commercial officesThe cost of renting an office at Lockaway Storage is dramatically less expensive than the cost of renting a traditional commercial office, yet you still get to work in a professional environment.Flexibility when neededNo contracts are required. If you need to upgrade, downgrade, or cancel your rental agreement, you can do it anytime your business changes.Storage and office space under one roofOne of the largest advantages of renting an office at Lockaway Storage is that you can store your inventory, tools, supplies, equipment, records, etc. right next to your office. This is particularly useful for retailers, Etsy sellers, contractors, and service-based businesses.Professional business address available for reliable mail servicesAt Lockaway Storage, you can obtain a reliable business address without breaking the bank on commercial leasing.For local, real businessesLockaway Storage’s office rentals are perfect for entrepreneurs who require a private workspace, meeting room, professional address, low-cost options, and easy access to clean, safe facilities.Conclusion: finding the best workspace for your businessTraditional offices provide the benefits of a collaborative work environment and a structured approach to work; however, remote work eliminates commute time issues and reduces costs. Flexible office rentals at Lockaway Storage provide the best of both worlds: affordability, professionalism, convenience, and flexibility for businesses that want to grow and expand.If you want to find a workspace that fits your business and expands as your business does, Lockaway Storage is here to help.Call to actionDo you want to check out an affordable, professional office space? Call Lockaway Storage today to schedule a viewing of our available office rentals and find the right fit for your business.
