If you’ve ever pondered the idea of renting executive suites, you may have stopped short of doing it because you assumed that it would be too expensive. The reality is quite the opposite, however. When you use shared meeting space, kitchen space, etc. the actual space you need to rent in your own office is reduced dramatically, which saves you lots of money on your monthly rent. When you need those extra facilities, you can rent an executive suite and still come out on top, budget-wise.
Exactly what is an executive suite? Generally located in an office complex (centre d’affaires) Montreal executive suites consist of a series of individual offices connected by common hallways. There are also common areas, such as kitchens, restrooms and meeting/conference spaces that are fro the use of all of the occupants of the suites. There is usually an included central receptionist who will answer phone calls for all of the occupants, distribute mail, and perform some administrative duties. In some cases, the executive suite will consist only of a meeting space and a mailing address/mail pick-up spot, with no actual work space.
What makes executive suites less expensive than traditional office space? Because you only pay for the space and the services you need, when you need them. Because you likely don’t need meeting space every day, it doesn’t typically make good financial sense to pay for them monthly. Also, when you use traditional office space, there are many start-up costs associated with it, such as installing internet, having telephone lines hooked up, buying office supplies and furniture, etc. Those costs are non-existent when you rent an executive suite (or at least a portion of them is rolled up into your rental fee). You also won’t have to be responsible for maintenance and cleaning, as these services are included in the cost of the lease of the executive suite. All you have to do is move in and start working.
Executive suites with short-term leases are great for start-up companies in particular. If you are just starting out and aren’t sure whether your business will fly (or whether you are going to stick with it) it can be very useful to have the safety net of a short-term office space lease. Also, because you don’t have the start-up costs associated with setting up an office, you can dedicate more of your available funds to things like advertising and developing your product line.
Location is often a big boon to business, and if you want to be in the hub of activity or close to transportation hubs, often executive suites are a good way to go because they are often close to airports, public transportation, etc. which can save you money on travel.
Executive suites are about more than just physical office space. They also offer a variety of services that can be of great help to your business, such as telephone answering, shipping/receiving, postal forwarded and more. Even small things like free coffee and snack service for your clients can be a major perk of using executive suite services.
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