You are a small business owner, you feel you need office space for lease, but you don’t have the budget to make steep monthly payments for a full-time office lease.
What do you do?
That is the topic we will tackle in this article, a non-traditional approach to office space for rent. We are the Fort Worth Design District, and we invite you to call us at 817-439-3224 for information in the Fort Worth area if you need an office for rent.
Now, let’s talk about a unique solution for those looking for an office for rent.
Rent part-time instead of full-time
Ask yourself this question: do you really need an office full-time for your business? Would it be possible to rent part-time instead? Would that meet your needs?
Part-time office rental is rapidly becoming the solution for small businesses with small budgets, for home-based business owners who need an office occasionally, and for salesmen who are only in a specific town for a couple months out of the year. These groups of people need the professional face of a professional office, but they either don’t need it twelve months per year or they can’t afford the very steep cost of maintaining an office for a full year.
The solution, then, is coworking space.
What is a coworking space?
Coworking space is renting an office space by the month in a shared building with business people from other businesses and walks of life. Think of it as a traditional office building with part-time tenants. Those tenants share break rooms, share conference rooms, and work in a collaborative and supportive environment, only paying as they need to.
This concept is sweeping the nation as the small businesses gain in number, and it is quite easy to see why when you compare costs between full-time office rental and part-time office space for lease.
A comparison of costs
Let’s look at a full-time office lease of, say, $1500 per month. The initial outlay of cost will include a damage deposit, first and last month rent, furnishings, signage, and suddenly we are looking at close to $10,000 before you open the doors for business. After that, you are looking at the cost of utilities and WiFi and whatever other miscellaneous costs accompany opening your doors daily for business.
With a coworking space, like our Paddock Place Office Suites, you are looking at $450 per month, a price which includes utilities, includes WiFi, includes a private mail drop, and that, in fact, is the total outlay of cash. You are, in effect, borrowing a private office space, without having to undertake any of the miscellaneous expenses which can cripple a small business.
Rent a coworking space in January, take a month off, rent it in March, take two months off, rent it in June, and so on, no hassle, no payment of expenses you can’t afford, a nice, neat, easy way to rent an office without the office becoming a burden.
A word about the Fort Worth Design District
The Fort Worth Design District is a business enclave found in the Alliance Area of North Fort Worth. It includes three business parks: Box Office Warehouse Suites, Paddock Place Office Suites, and the Golden Triangle Business Park. Call us about the coworking space we now have available.