- Affordability
- Flexibility to Scale
- Access to Strategic Locations
- Focus on Business — Not Maintenance
- Enhanced Professional Image
- Community
- Lease Business Space
- Frequently Asked Questions
Leasing business space is practical and preferable for many types of businesses. For startups especially, leasing is often the best choice, thanks to the cost-saving benefits and the ease of getting started.
Every aspect of your business is important for growth — including the space you choose. Leasing space for startup companies provides you with advantages crucial for new businesses, including cost-saving benefits, flexibility and versatility, scalability, prime location, community, and an enhanced professional image.
Why Startups Should Lease Space
When you run a startup business, there are several reasons why leasing business space — including office space, business storage units and warehouses — is beneficial:
Affordability
Initial investments are some of the most significant costs for startups. A down payment on a property, closing costs, the monthly costs of paying a commercial real estate (CRE) loan and property tax all add up quickly. Without a large source of funding, these costs can quickly stifle young businesses.
When you lease an office space or warehouse unit, the upfront costs are much lower. Generally, the main upfront costs of leasing only include a security deposit and a month’s rent. While these initial costs may be a few thousand dollars, they are significantly lower than the hundreds of thousands or even millions of dollars spent purchasing a property.
By leasing, you also enjoy predictable monthly expenses. Your lease agreement will state which amenities are included in your monthly fees and which amenities will incur additional charges. Fixed monthly payments allow you to have more control over your finances and invest more of your resources into your operations.
Flexibility to Scale
All companies are subject to dynamic, seasonal shifts in business — and these are magnified for startups. The flexibility to scale up or down as you need is invaluable for your startup business. While it does not make you immune to those shifts in your business, it does prepare you and equip you better. When business is good, you won’t have to worry about how to expand, as you can sign a lease for a bigger space. When a season is quiet, and you need to scale back, you can simply downsize by leasing a smaller space.
Flexible lease terms also allow you to choose short-term and long-term agreements. Both have unique benefits:
- Short-term leases offer greater flexibility for scaling up or back. It is an excellent choice as you discover your startup business’s busy and down seasons.
- Long-term leases offer greater stability and cost savings. A long-term lease provides a sense of security in your location and your brand as you grow your business.
Access to Strategic Locations
Your location as a startup can be integral to success. The prime location ensures that your business is easily accessible to staff, clients and deliveries. The right location can also increase brand recognition and provide more networking and business opportunities.
Leasing makes it possible to have access to strategic business locations. Commercial property in business districts is highly competitive. Bigger businesses are often vying for properties — which can further drive property prices. Thankfully, you can easily get a foot in the door in entrepreneurial hubs by leasing the right business space.
Focus on Business — Not Maintenance
One of the best benefits of leasing as a startup is keeping your focus on running a business — not managing a property. A good lease will include all the essential amenities you need to run your startup. Business Wi-Fi, electricity and clean facilities like shared kitchen areas and public restrooms are essential for successful operations.
Working from up-to-date facilities with a dedicated, on-site facility manager allows you to put time and resources into managing your business, not a property. Many amenities can all be included in one convenient bill and managed by the company from which you lease your space.
Enhanced Professional Image
Having a startup business often means working with what you have. Thankfully, this no longer means having to compromise on how you manage your business and your professional image.
Leasing a quality business facility allows you to present the same level of professionalism as long-standing businesses. You can provide staff, partners and clients with the same amenities and standard of facilities as any established business. Having professional spaces at your disposal, like conference rooms for meetings and workshops, enhances your professional image because you can offer what partners and clients expect.
Community
The value of community in business is often understated — but no successful business is an island. The opportunity to have a supportive network of other entrepreneurs is a great reason why you should lease business space for startups. A professional network is crucial for gaining greater industry insights and expertise. A community helps you build partnerships that can lead to amazing business opportunities and increase your visibility and incredibility through word-of-mouth.
When you lease for your startup, you gain immediate access to those social-professional spaces. Instantly, you can start enjoying the benefits of coworking and build a network of professionals who can offer support and build morale and office culture.
Contact RISE for Business Storage Space
A leased business space can contribute to your startup being more successful. Leasing is a cost-effective option. It also gives you access to professionally managed facilities so you can prioritize growing your business.
At RISE Commercial District, we have various professional business spaces and offer flexible leases, including leases as short as three months. With us, you can lease small, medium and large office spaces, business storage units and warehouses that are cost-effective, professional and versatile.
Our business spaces and all-inclusive pricing feature 24/7 video monitoring for security, free business Wi-Fi, conference rooms, public restrooms, shared areas and facility management fees. Contact us today to explore our various business facilities or to request a free quote.
Frequently Asked Questions
How Versatile Can Leased Business Spaces Be?
With the right lease agreement, you can have access to versatile business spaces, including offices, warehouses and storage units. Additionally, various types of companies can benefit from leasing business spaces. With RISE Commercial District, we have flex spaces with office areas and an attached warehouse.
Do Business Space Leases Include Professional Support Services?
At RISE Commercial District, we offer supportive educational opportunities that can help startups with finances, HR, marketing and other business aspects. These invaluable services are not always available when leasing other spaces.
Are There Time-Saving Benefits to Leasing Business Space for Startups?
Absolutely! Saving time getting started is a massive benefit of leasing business space for new businesses. Having a turnkey facility allows you to easily set up your business and begin operations from day one. With a leased space, there is reduced set up time and no need to renovate or build.
