Traditionally, if you needed an office space for your business, you would have to rent a space with a commercial lease.
There would be a whole process involved.
You would need to seek out a suitable space, view a number of options, negotiate terms with a landlord, and sign a lease that would lock you in for several years at least.
Traditional lease documents are strict and pretty inflexible.
There is little movement for modification if the parameters of your business change. And let’s face it, businesses can change a lot over the course of three years!
The good news is, there is a solution to restrictive lease terms.
Instead of needing to rely on a commercial landlord, you could choose to work in a professional shared office space like The Crate.
Having An Office Space Does Not Mean Signing A Commercial Lease
To Lease Or To Cowork?
The cool thing about modern business is that you have options. You can choose between working in a building that comes with a commercial lease, or you can elect to work in a shared office space.
Your decision will be largely based on the needs of your business.
If you are a larger business with no budget limitations who wants complete control over the design and feel of your corporate space, then a traditional lease situation might suit you. However, if that doesn’t sound like your business situation, coworking might be your path!
The danger of a commercial lease is that you can get a couple of months into it and realise that the location, the feel, or the terms just don’t suit your business. But, by then, it can be too late. You might end up feeling stuck in an impossible situation.
By comparison, coworking is far more flexible. With only a 1-month minimum term at The Crate, you have amazing flexibility and control over the situation.
The Cost Situation
With any big business decision, you need to weigh up the return on your investment. A large part of that is understanding the costs involved.
On the face of it, the rental cost at a traditional office and membership fees at a coworking space may look comparable. But, when you dive down into it, the additional costs for a commercial lease can start to add up quickly.
When you move your team into a coworking space, you literally bring your devices and sit yourselves down in a modern, professional space packed with additional benefits. You will be ready to hit the ground running from day one.
When your team embarks on a commercial lease, you will need to plan the time and budget for the following:
- Fittings and furnishings
- Power
- Phone and fibre connections
- Insurance
- Cleaning & Maintenance
- Security
None of these things are included in your monthly lease payments. Yet, at a premium co-working space like The Crate, you get all of this and more as part of your membership!
The Added Benefits Of Coworking
Cost is just one consideration when it comes to choosing your workspace. There are so many other factors to consider, such as whether it will be a good fit for your team.
Here are just some of the benefits of joining a premium space like The Crate:
Community: Whether you are a team of 10 or it’s just you, the opportunities to connect with likeminded business owners and entrepreneurs are huge! Make strong connections, strategic partnerships, support networks or brainstorming magic at any time of the day with the huge range of talented individuals in house.
Professionalism: No more having to organise meetings at cafes so that clients don’t see your messy home office! Instead, greet them in a professional and welcoming space to create the right impression from the start. You can even utilise our concierge team to greet your guests and add an extra level of professionalism!
Flexibility: Traditional commercial leases are restrictive. But at The Crate, we specialise in flexibility. We want you to be able to work your way, so you can choose from one of our three open plan productivity zones, private offices, or rent by desk offers. Plus, you also gain access to our events spaces, meeting rooms, carparking and onsite barista!
Having an office space does not have to mean locking your business into a restrictive commercial lease. Instead, enjoy the community and flexibility at a premium coworking space like The Crate.
We’d love to show you our space, so why not book a time to come and see it today?
