Today’s topic is about helping start-up companies understand their office leasing options.

When looking for new space, most start-up companies initially decide between coworking spaces or their own dedicated office.

Coworking space provide more flexibility due to shorter lease terms and new amenities and furnishings. However, coworking comes with a higher overall cost per square foot and a lack of company control.

Dedicated office spaces provide a company control of the design and buildout of the space. However, this requires significant up-front capital for build-out and furniture and a longer term commitment.

Before signing a lease agreement, make sure you understand your full monthly costs, any relocation clauses, and the costs of buildout and furnishings as well.

Before you make a leasing decision, ask yourself a few important questions: Does this space match my growth expectations? Are there options to downsize or expand? What do I know about the building owner?

Enjoy this video? Subscribe to our YouTube Channel to get notified any time we post a Rokos Minute!

And if you have any further questions about start-up leasing options or which option best fits your business needs, please reach out to Rokos Advisors. We are here for you and happy to help.

*Click here to view our DIY Office Search Toolkit:

https://www.rokosadvisors.com/diyofficetoolkit