Leasing an executive office space is often a bit different than leasing an office suite. Usually an executive space is just one office and which might include access to a shared conference room, lobby and kitchen. They may also be just two or three small offices attached, so that there is room for clerical help or someone else on staff. If you haven't thought about leasing an executive space and work from your home or already rent an office suite, or if you're thinking of going into business for yourself, note why it makes sense to choose an executive office over any other arrangement.
1. Privacy and security
Trying to work from home can mean a lack of privacy as you try to talk to customers and clients on the phone, and a lack of security for documents, your computer and so forth. Even if you lock your office door when away, someone in the family may still access your desk when you step out for a restroom break, or you may face constant interruptions and distractions. Leasing an executive space gives you the secure office you need so you can work without distraction and ensure your papers and equipment are locked up and away from prying eyes.
2. Low move-in and rental costs
If you're starting your own business, you don't want to invest too much of your funds in an office space, even if you need an office to meet with clients and customers. An executive office typically has a very low move-in cost since you're only renting one or two small offices and not an entire office suite.
If you already have an office suite you're renting, note if you're paying for space and services that could easily be shared for less money. For example, do you really need a separate lobby and reception area and separate kitchen for yourself and your one or two staff members? Downsizing to an executive office may mean sharing some amenities, but it also means saving on the rental costs of your office every month.
When you rent an executive office in a suite of individual offices, you may be able to network with other renters. For example, if you're a graphic artist and you rent space next to an ad agency, you may get work from them in creating ads for their clients. A home stager may find clients when working out of an office next to a real estate agent. This type of networking is usually not available when you rent an office suite or work from a home office.
There are also executive leasing options for residential accommodations and investments.