How Much To Rent An Office Space – In a post-COVID-19 world, businesses are realizing the value of in-person office work versus working from home or a remote facility. In a private office, groups are much more productive, engaged and collaborative.
If you have decided to return to the office or are looking to rent office space for the first time, you may find the choice of office enough. There are a number of unique office spaces that can be useful for small businesses – traditional, co-working, flexible spaces and executive suites, also known as private offices, all of which serve the needs of small businesses well.
How Much To Rent An Office Space
A private office for rent, such as BIZSUITES, allows you to work more efficiently and effectively, because you have a dedicated workplace to do business. This option offers individuals or small teams affordable and flexible rental terms, greater control over the use of space and the opportunity to return their professional life to a more formal context.
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In this guide, you’ll learn what a private account is, how much it costs, and whether it’s the right choice for your business.
A private office is your own director, separate from all other offices in the commercial building. This type of office has its own doors that you can close, unlike an open shared coworking space.
Private offices are often located in larger shared office spaces, such as office suites or business centers. This way, you can rent the amount of office space you need instead of paying for unnecessary square meters. This can save you a lot of money, especially if you are just starting out or your business is seasonal.
Private offices are often serviced offices that offer businesses superior benefits, including flexible lease terms. Amenities may include fully furnished, move-in-ready suites, common area receptionist, reserved meeting rooms, tenant lounges, kitchens and lounges with complimentary coffee and snacks, business mailing address, printing facilities and more.
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Unlike a coworking space, or a traditional office, a private office differs in layout, size and cost.
Layout – private offices come in many layout options. You will have your own door, which will give you an important option for privacy and solitude. Many have a window for natural light and enough space to offer a variety of configurations and furniture configurations.
Size – Usually private office space starts at 100 square feet and can go up to 350 square feet or more. If you are self-employed, 100 square feet will be more than enough. But if you are with a team, you will need something closer to 200 square feet or more.
Keep in mind that these are just guidelines – you may find you need more or less space depending on the type of work you’re doing.
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Cost – Private offices are often used by entrepreneurs, startup owners, small business owners and many others because of the flexibility. To take the privacy and control of a formal office, you can pay a little more for the square plate used, but even less than renting a larger part of an office or an office floor or a building.
The dynamics of coworking is always easy to get here a private office. Often there are multiple office spaces in one building, such as traditional office space leased by larger companies. This makes a good bridging strategy for a growing team.
With other professionals nearby, it’s easy to collaborate on projects or bounce off each other. Private offices offer growth and networking opportunities that will be difficult to replicate if you work remotely or work from home.
Looking for real examples of private office rentals? Here are some fully furnished (and one unfurnished) units managed through BIZSUITES.
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A large office window and clean decor highlight this small private office, perfect for someone who needs a dedicated space to work, hold meetings, chat and meet the daily needs of their business.
Large floor to ceiling windows are the best feature of this large private office. Treat yourself and your team to an inspiring atmosphere with plenty of natural light to feel happier and more productive while working.
This office space shows some of the facilities available in the private office. Much more than a room with a few chairs and desks, you will find a full kitchen, a refrigerator and freezer, and other facilities that provide a comfortable environment for you and your team.
Networking Opportunities – Some of the most valuable networking opportunities come from renting a private office. Having a permanent place to work allows you to meet other business professionals who are in the same situation as you. This gives you the opportunity to build relationships and regularly exchange ideas.
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Increase productivity – Renting a private office allows you to have your own space where you can focus and be productive. A study by the University of Sydney showed that employees who had their own offices were more productive than those who did not, and they also took less sick time. Having your own office also allows you to adapt your space to your needs, which can also increase your productivity.
Improved image and brand – A clean and well-maintained office is essential to impress clients and create the right professional image. When you rent an office, you control the space and can make sure it meets your market standards. For example, you can choose to have your company logo on the wall or door, or you can choose furniture and decorations that match the colors of your brand. You can also use your office space to host events or seminars related to your business.
Improved communication between team members – One of the benefits of renting an office is that it can improve communication between team members. When everyone is in the same space, it is easier to have impromptu meetings and informal conversations. This can help keep projects on track and ensure everyone is on the same page.
Privacy – One of the main problems with working from home is the lack of privacy. Family members and neighbors can get in the way at any time, and there is often no dedicated space to work. This can make it difficult to concentrate and be productive. Having an office can help solve these problems by providing a dedicated place to work, take calls and hold meetings.
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Cost per square meter – Renting a private office can have a higher cost per square meter than a shared coworking or hot desk arrangement where you don’t have a dedicated desk or office space.
Limited space – some private office space for rent may be relatively small and may not fit your entire team.
Some options are not provided – while many private offices are fully equipped with everything your business needs, others are not provided. In these cases, you must provide your own equipment and furniture.
Affordability – Private offices are quickly becoming highly sought after, so affordability may become an issue as more and more people return to work.
Frequently Asked Questions
Which companies benefit from renting a private office? We have seen a number of success stories in many areas. Here are some examples:
Rent for private office space often depends on square footage, location and services. Executive offices range in size from 100 to 900 square feet, furnished and unfurnished. BIZSUITES options start at $300 per month, and this amount varies depending on location and rental terms.
In general, the cost of renting commercial real estate for a private office can range from $8 to $25. But private office space through a flexible office space provider can cost much less.
BIZSUITES office space combines economy, tranquility and convenience to create an office solution that gives you the services and benefits you need without being tied to an expensive lease.
How To Calculate Monthly Rent For Office Space Guide
Step 1: Start by determining the type of space you need, the office space you need, and the ideal office location.
Step 2: Find affordable office space that meets all your criteria. Check out the private offices available in Houston, Dallas and San Antonio.
Step 3: Work with professional commercial leasing agents. They can help take the stress out of finding office space, allowing you to focus on growing your small business. Contact one of our leasing agents for a free office space evaluation.
If youare looking for a convenient, low-stress, low-risk office space option that offers shorter lease terms and lower overhead costs than traditional office space, private office rental may be the best option for you.
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Sarah Hoopes is the marketing coordinator at Silver Star Properties, a REIT. She graduated from Utah Valley University with a bachelor’s degree in marketing and business administration. Wondering how to rent an office for the day? Not sure how to find the right space that fits your needs and budget? Well then you have come to the right place! The office space today is a very different environment than it used to be.
From warm desks in coworking spaces to open floors
helo it’s me.
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