Benefits of Renting an Office Space?

Coworking space in Gurgaon or wherever else is always more viable than purchasing commercial property as renting has its own merits for companies and startups.

Let’s scour through the advantages of renting office space:

•The leased property comes with its own flexibility as you aren’t tied to a place. Once the contract is over, you can forever relocate to some other location based on your company needs.

•The company owner is free of extra responsibilities like repairs, maintenance, security, and various management issues. You get more time to focus on core company and development.

•It’s not necessary to rent an entire office for small business and lesser workforce. Most shared coworking space in Gurgaon offer to lease few workstations on a shared payment basis which works well for small businesses and startups.

•Tax processing incase of leased office is easy and the paperwork is quite a breeze compared to having your own property.

•Open offices or coworking space are an excellent way of networking with other businesses to grow your own or acquire necessary skills.

If you have the cash to rent or rent a property, you have not finished there. General expenses should be included in your budget and these can be quite significant:

· Public services: you will need a telephone line and a broadband connection, heating, electricity, and water.

· Telephone bill.

· Equipment: a photocopier (assuming you already have a computer)

· Office furniture: desks, chairs, filing cabinets and chairs or a comfortable sofa in the reception area or waiting room.

· Wages: a receptionist and a secretary to take care of your administrative tasks.

· Legal fees: payment to a lawyer for the necessary documentation to rent or lease a property.

· Construction and content insurance.

· A cleaner

· Travel expenses

These are just some of the overhead you can expect to pay. Of course, you have the advantage of having your own office and being able to choose your own furniture and decoration. However, your budget may not allow you to work from the location that suits you. Now look at the costs of your monthly budget if you rent an office with service:

· Monthly rental for office with service

· Telephone bill

· Photocopy and secretarial support only when you need it.

· Travel expenses

The list is not only much shorter but also reduces the amount of time spent in daily management. A serviced office includes all furniture, a broadband connection, security, maintenance, reception, and public services. You can also choose a prime location in London and work with other people who are in a similar business. If you are still happy to work from home, but want an address in London and a place to organize occasional meetings, you can rent a virtual office with the following general expenses:

· Monthly rent

· Telephone bill