Executive Suites provide more than just office space. Services and staff manage the office while business owners or operators run their business. The benefits result in cost savings of up to 60% over a traditional lease.

People often think that a traditional, long-term lease is the most cost-effective option for office space. The reality is that leases are often restrictive or expensive if you want to change the terms and add or decrease space. Leases define the space, but that’s only the beginning. You must make a number of decisions and significant investments in furniture, office equipment, staffing, and training to create an office. Many businesses don’t operate at peak efficiency because they use outdated phone and computer systems. It takes too much time and money to research the options and upgrade.

Many people believe that leasing is the right way to get premier business locations. There are many disadvantages to leasing though. Leasing space in a prime business location can mean paying astronomical rental prices. To secure a lease in a desirable area, you’ll need to put down a large deposit or personal guarantee. This limits the working capital a business has to invest into the business.

The perception is that leasing lets you get exactly what you want out of your office space. The truth is Landlords have the right to refuse any changes you want to make to the leased space. Also, any additional changes such as wiring, networking, heating, ventilation and air conditioning changes must also be approved. Essentially leasing traditional office space leaves the tenant at the mercy of the landlord.

In comparison, Executive Suites give you many advantages. You can save up to 60% of the cost of setting up and operating your own office. You can add or subtract office space and determine the best plan for using office equipment, administrative help and IT services. Executive suites have many resources allowing businesses to take advantage of on-site services including meeting rooms and concierge services. Most importantly executive suites supply an on-site management and staff at a fraction of the cost to have your own support team on payroll.