How Much Does It Cost to Lease Office Space? [What to Know]

For many startups and small businesses, leasing an office space is the next logical step to take when looking to grow. Sure, when you are first starting out it makes sense to focus on your product or service and spend less time worrying about where you are actually working from. 

That is why most entrepreneurs and freelancers work from home, at a coffee shop, or their mom’s garage. But there comes a point in a company’s life where these locations become a hindrance to their growth, and leasing an office space becomes a necessity. 

But, how do you go about leasing an office space? What information do you need to make the right decision?  And just how much does it cost to lease office space?

How much is it to lease an office space?

To answer this question you need to take into account all the factors that affect the price of an office. Things like location, the type of workspace you are looking for, and any additional services and amenities you want to have will have an impact on the cost to lease any office space. 

The factor that has the most impact on price is by far the location you choose, as with any other commercial real estate. Next it is important to decide the type of office you are looking for. For smaller companies, a single office room might be the way to go, while larger businesses need to look into an office suite. 

Finally there are additional costs to consider such as maintenance and cleaning staff, a receptionist, mail service, internet, and parking spaces. 

Once you have selected the perfect option for your company you would need to sign a lease, which typically runs for 3 to 5 years. 

This is the traditional way of going about leasing office space, but today there are better alternatives to this process that can be tailored to fit your exact needs and costing just a fraction of the price of a lease. Today you can lease an office space whenever and wherever in the world you need to, and for just the amount of time you need it too. 

Options such as booking a desk at a coworking space instead of working from a noisy coffee shop, reserving a private office suite for a day, choosing a conveniently located meeting room to present your company to a potential client, or booking a conference room for a week long training, are all available for you at any time. 

The best part is not having to think about any additional services such as cleaning or having an internet connection as they are already included with your reservation. Additionally you can choose from extra services such as catering, a receptionist, and mail handling and forwarding at these sites for a lower cost than in a traditional office. 

About Andrés Sanjose

Andrés Sanjose is a writer and editor based in Guatemala. He previously lived in Berlin for 10 years where he witnessed the birth and amazing evolution of the Virtual Office phenomenon, while working as a freelancer in the german capital. He is very interested in what the future holds for this exciting industry and loves to write about it.