When it comes to leasing office space, there are two main types of leases: flexible and conventional. A conventional lease is the most common type of lease and it usually locks tenants into a long-term contract with high rent rates. On the other hand, a flexible lease offers tenants more flexibility by allowing them to terminate their lease agreement with minimal notice.
There are many reasons flexible coworking spaces are better than conventional leases. Some of them are:
Have More Space Availability
Coworking spaces are perfect for businesses that need to be adaptable to their ever-changing surroundings. With the ability to quickly add or reduce the number of employees they can accommodate at a facility, coworking spaces are perfect for businesses of all sizes. Whether you need a single-person office or a space for 100 or more, coworking spaces have you covered!
More Cost-Effective
Coworking spaces are often significantly less expensive than leasing your own place. They also have several different membership options to choose from. This allows you to select the one that works best for your business, which means more money in your pocket!
Better Lock-In Plans
Having a flexible lease means you are not forced to stay in your lease for years. In addition, coworking spaces typically offer easy, short-term leases and month-to-month leases so that you’re free to come and go as you please.
No Security Deposits Needed
One of the biggest attractions of flexible leases is the lack of security deposits. Many companies may avoid leasing altogether because they do not have the funds to pay for a large security deposit. This is particularly true in the case of a business with a short track record.
On the other hand, coworking space providers do not require security deposits because they are more confident in their tenant’s credit reliability
No Need to Worry About Furnishings
Leasing office space involves a significant amount of responsibility. This is because businesses will often invest a large sum of money into their office furnishings and be left with hundreds of dollars in damages to repair.
Flexible leases allow you to leave under this responsibility by leasing a coworking space. Coworking spaces are responsible for providing their customers with furniture, equipment, and office supplies, so you won’t have to spend money on these things yourself.
Better Location Options
Perhaps one of the best reasons to lease office space through a coworking space is the ability to have various office spaces to choose from.
With a conventional lease, you’re usually confined to a single spot. In contrast, coworking space providers allow you to move from one coworking space to another through a simple process, so you can find the coworking space in the best possible location for your business.
The Bottomline
The increased flexibility of flexible lease agreements has prompted many small businesses to look into coworking spaces over traditional office leases. This trend will likely continue as companies become less reliant on long-term leases and more reliant on short-term leases, which is the main feature of flexible leasing.
Do you want the best coworking amenities? CoCoTiv offers members a place to work and thrive. We offer options for all types of businesses with excellent membership options in Charlotte, NC. Get in touch with us.