Benefits of a short-term lease
Perhaps the biggest point emphasized on MoveMyBiz.com is that business relocation is a complicated process and requires a great deal of time to plan successfully. Negotiating a lease, initiating build-out in the new commercial space, creating a modern and cost-effective design—each step requires a large amount of time, planning, and money because so many teams and experts must be involved to do the job right. It can be fairly overwhelming at times, which is why more and more businesses are beginning to take a different route. Instead of committing to a long-term lease, businesses are opting for short-term rents of pre-furbished spaces.
Here’s how it works: there are a number of companies that own large networks of commercial property and rent workspaces on a monthly, even daily basis. There is no long-term lease, merely a pay-as-you go system, tailored to your particular business needs, whether that entails several floors for 100+ workers, or merely a day office for a small start-up business. The key for the short-term rent is flexibility in an ever-changing business world.
There are two huge benefits for move coordinators where short-term renting is concerned. The first is clearly the flexibility provided. When you consider the traditional lease, it requires companies to remain in a fixed space for five or so years, despite the many unforeseen changes that will affect their business. Perhaps the business grows beyond forecasted growth, and the space simply cannot support that growth. The reverse could also occur in which the company does not meet growth predictions and must pay for unused space. In fact, “Businesses typically view their commercial real estate as a non-revenue-producing expense,” explains Drew Kiran, Vice President of Sales in the Americas for Regus—an international company that rents executive suites in 550 cities around the world. To eliminate this large expense, office space needs to be flexible and able to change without the huge costs of build-outs or new leases. With companies like Regus, businesses can move to larger or smaller spaces and different regions as needed, allowing them to innovate and change as quickly as their industries.