It makes sense to take advantage of virtual offices and remote work options when your company is in its early stages. Expanding your team and reserving a fully furnished Virtual Office in Calgary will be necessary if you intend to keep your company’s growth rate constant. Renting out conference rooms and workplaces in Calgary and Ottawa is a practical way to ensure that your employees have a consistent location to meet and work on a wide range of projects and initiatives. Though many choices exist, conventional and serviced executive offices are the two most common types.
In this article, we’ll break down the key distinctions between the two so you can make an informed decision about which one is best for your career.
What are the Advantages of Executive Office?
- Executive office space rentals offer unparalleled adaptability. You can get your business up and running in the morning if you sign a lease tonight. When renting a suite in a well-established building, you can expect to save time and money because the suite will already be fully furnished.
- Virtually any rental term is possible for an office suite. For a day, a week, a month, or even a year, depending on the landlord, you can rent a station in an office complex to use as a meeting space. Leases can be terminated with less hassle and expense than an office building mortgage.
- Most office buildings have a dedicated receptionist whose job is to greet visitors, answer the phone, take messages, and distribute mail. It alone may free up several hours per week, depending on the nature of your business.
- You can easily accommodate future growth by leasing an adjacent space or relocating to a larger office.
- Collaborate with the other building’s business owners to advertise each other’s services, swap leads and contact information, and even hang out and talk shop.
- Many suites are located in impressive structures in appealing areas, which impresses visitors. Your letterhead address is also very impressive. Visit https://astrayyc.ca/ to learn more.
What is the Difference between Executive Office Space from Conventional Office Space?
When you lease an executive suite, you’ll have access to an office space that’s been fully furnished and outfitted with various useful tools and amenities. In addition to providing a quiet, private space free from interruptions, our executive offices and suites are built with your productivity in mind.
In addition, serviced executive offices in Mississauga and Ottawa make for great meeting space rentals. Executive offices offer the seclusion and adaptability you need to get the most out of any meeting, whether with a small group of employees or a large gathering of clients.
On the other hand…
Conventional office space rental services typically feature many of the same amenities as serviced executive suites, except for the requirement that you sign a longer-term lease. Lengthy leases can last for two years or more in some instances. Most businesses don’t reach financial stability until after the fifth year of operation, making it financially unfeasible to commit to a lengthy lease term. Just the operating expenses can be mind-boggling.
Companies renting traditional office space must also provide their furniture and technology, essentially only paying to use the building. Amenities, if provided at all, are almost always charged separately. It’s like checking into a fancy hotel only to discover that using the minibar will incur additional fees.