If you’re starting a business in Manhattan, or you just recently relocated to New York, NY, one of the biggest questions that you need to ask yourself is do I need to lease a short-term office space? Or should I choose a co-working space in the city?
Office space is important, regardless if you meet with physical clients or not, because, where your office is located says a lot about your brand image, and the quality of the business that you want to represent to the world.
In this article we will break down the benefits of leasing a short-term NYC private office space so you will know if this option is the right choice for you.
Why Lease A Short-Term NYC Private Office Space?
Some of the major benefits that come with leasing a short-term office space in New York, NY or Manhattan include:
- Your credit rating is not as important as it would be when you buy office space.
- Monthly rent can be deducted as a business expense.
- You have the freedom to relocate once your lease term expires.
- If the real estate market in Manhattan or New York, NY declines, you won’t have to worry about owning an office building in another declining real estate market.
- You will still have fewer responsibilities than you would if you owned an office space in New York, NY or Manhattan.
As with any financial decision that you make regarding your business you should always calculate the opportunity costs and then factor in if leasing an office space is the right move for you to make during this stage of development in your business.
Although many people tell you that it’s always better to work in a co-working space, especially if your business is just getting off the ground, the reality is that leasing a NYC Private Office Space is always better, because, this will enable you to have the freedom to meet with clients and so much more.
You will also be able to enjoy the privacy that comes from working in a private office space, without having to look over your shoulder if you’re on the phone, or worrying about if the data on your laptop may be compromised on the Wi-Fi network.
Leasing an Office Space Also Helps With Business Growth
There’s no denying that we have many coworker office spaces in Manhattan and New York, NY right now, but the reality is that once your business grows, you may have to take on another employee, and leasing a co-worker space only makes business growth more difficult because, you will not be able to properly manage that employee in a co-workers space as you would in a NYC Private office Space.
Many private NYC office spaces also come with amenities including: copiers/scanners, meeting rooms, 24-7 security, full service café, high speed internet, and these amenities will make running your business much smoother especially if you have to meet with clients at the last minute, or hire employees in the future.