Most businesses have gone through this dilemma: buying office space or renting one. Rising property prices, the insecure economy and other factors may be the reasons for this dilemma.
What are the advantages of finding an affordable Denver Tech Center office space rental?
One of the main advantages of renting office space is that you can change the location of your business at any time. There is nothing permanent when it comes to rented office space.
There is also a difference between owning a building and renting it. When you own a building, you are solely responsible for its maintenance. On the other hand, being a tenant will save you a lot of time and you can focus on running the business without wasting time with building management issues.
As for costs, a Denver Tech Center office space rental offers short- and medium-term financial benefits. First of all, you do not have to invest the company’s capital in purchasing a property for setting up an office. You must pay a security deposit and a monthly rent; but the rent you pay will never come close to how much you would spend if you wanted to purchase a space. This is a good way to grow your business, because you can save money that you can invest in equipment, for example.
In the United States, the average cost for office space is between $8- $23/ sq. ft., but the price will vary according to the location and the size of the space.