As small business owners work to bounce back from COVID-19 shutdowns, many have had to rethink basics like where and how they’ll work, and how they’ll afford to pay for it. Many opted to give up the traditional workspace and work from home, but that brings a whole new set of challenges.
If you’re looking for a professional, quiet work environment but don’t have the budget for a permanent office space, it’s time to learn more about how to rent office space by the hour. Many business owners aren’t even aware this option exists – but it does, and it can be one of the smartest things you do this year!
Here’s everything you need to know about how to rent office space by the hour so you can decide whether it’s a good choice for you.
How Can You Rent Office Space by the Hour?
While this might seem like a new concept, the option of renting office space by the hour has been around for quite some time. It’s typically offered by coworking spaces, which may provide members with several different working arrangements.
The most inexpensive option is to reserve a space in an open room where others are working nearby. However, many coworking spaces also offer private office space for rent. If the need arises, they may also rent larger conference rooms.
You’ll want to ask about rental terms. Some allow you to reserve the space during certain hours each day, while others are more flexible, allowing you to simply reserve an office when you need it.
Is Co-Working Right for You?
Many people who have recently switched to working from home are finding it quite challenging. Whether it’s your kids or spouse driving you crazy, the barking dog in the background, or the need for a more professional image – there are plenty of reasons why you might be looking for office space for rent.
If you only need to get away occasionally, then hourly rentals at a coworking space could be ideal. However, it’s not for everyone. Here’s a look at some of the benefits and potential drawbacks.
Benefits of Hourly Office Rentals
For many, the number one benefit of hourly office rentals is that it’s super affordable. If you’re looking for cheap office space for rent and you don’t need a space all day, every day, this is likely your most economical option. You also won’t have to worry about keeping up with any daily maintenance and won’t have any unexpected costs if there are problems with the building or equipment.
Many people also find that having an office to go to, even for a few hours at a time, increases their productivity. Having an office address and a place to meet clients will also reinforce your professional image.
Since there will be other people working in the same space, some people find coworking to be distracting. However, if you rent a private office, this will minimize your contact with others.
Also, if you find that you need the office space more often than you anticipated, hourly rentals can start to get expensive. In this case, finding office space for lease at a reasonable price might be a better option.
Set Yourself Up for Success in 2021
Deciding whether to rent office space by the hour is just one of the big decisions you’ll need to make this year. Need more guidance? Check out a few more of our blog posts!
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