I want to start by setting something straight. In executive office suites, we do not price on sf. we price per office. This is in part due to the fact that our pricing model includes provisions that would not be included in your more traditional office lease.
I largely feel also that executive office suites are misunderstood as an office option; many perceive us as not being able to handle large groups or better yet, being too expensive, that we’re good for 6-12 months but beyond, don’t mention it. All are valid points; and I intend on tackling them all, but I feel the most relevant is the cost…
Basically the costs are relative to a clients needs. You are more than able to get an office for $1000 per month inclusive of all amenities, it just depends on size, location, length of term as in any real estate transaction.
What people dont consider, however are the other facilities at their disposal. Within executive suites, we develop our locations with all the facilities businesses are likely to need; such as meeting rooms, kitchens, lounges, etc, we plan for these things so you don’t have to!
There is no need for a sq footage size, there is no need to consider meeting rooms, reception areas, wash rooms, server rooms, tea and coffee facilities, local amenities, office supplies, landlord relations and operation of the office space; all things, that at times are time consuming and require a full time employee.
We, as an industry worry about all of that for you. Consider it, in the competitive marketplace, you need to be hot in your industry, you need to be super current, and frankly if you’re swanning around managing office space, what happens in your marketplace? Does it wait for you? Likely not. So take a turnkey office solution and you barely miss a beat.
So do you pay more? On the surface it may appear so, but that comes at the hand of over planning your office space. The beauty of executive office suites, is that you rent what you need at that time. If you’re currently a one man (or woman) operation planning for additional people, then take space for that one person first and expand when you add the second.
Manage your costs as best as possible, why over compensate when, if at the time, there is not a need to over extend. Most new hires have a 2 week buffer before starting a new role; this is more than enough time to add to your office needs within an executive office suite environment. Furthermore, who’s to say that although you may be planning for adding folk/ employees, that things may change in your business and you need to hold off? Then what do you do with the extra space?
So, are we expensive? In my opinion, no. If you compare the square footage rate however, then yes, but as I have attempted to highlight; there is much more that you need not concern yourself with when renting from us, then if you were leasing a traditional office.