When looking for an office space, there are numerous available options. While there are businesses willing to purchase and customize a space for their operations; there are others who hold particular value in temporary space that they use for a short period or until they are ready to expand and purchase their office space.
Temporary office space is an office that can be obtained for a short time after which you will be forced to vacate or get an alternative facility. Some reasons why people opt for temporary office spaces are:
Cost: the cost that is associated with getting a permanent office is usually very high. You may be forced to construct your facility or get into a lease agreement both of which can be highly expensive. The cost of a permanent office space is one that many small businesses cannot meet and especially if they are start-ups. The temporary office spaces are usually more accessible.
There are some facilities within such an office setup that need to be shared. An example of a shared place is the reception, but the businesses can also get some privacy. Sharing is not always a bad thing as it can allow the owners to save on expenses they would use for their reception area, receptionist and on telephone services.
When looking for a permanent office space, business is likely to benefit by large from a temporary space. This offers them the chance to continue with their activities as they continue searching for a permanent location. It also allows them to look for a space that meets all their specifications without a rush as would be the case with an intermediary place.
Business Incubation: It is common for many businesses that are starting up to experience numerous uncertainties. Some of the uncertainties may include the relevance of the business to the market and whether it will meet its set goals. At this time, the business is at a delicate phase and needs to minimize the risks it has and getting a temporary office space that is less costly is one of the ways it can do that. The business can start out while spending less until they are stable enough to get a permanent space.
During Renovations: A business may need to carry out renovations and repairs to their premises, and this may force them to leave the place for a while. An interim office space allows them to upgrade their regular space without losing revenue from shutting down the business.
Sudden Loss: In cases where the company experiences sudden loss as a result of such calamities like floods, fire, and other such occurrences, they may result in the use of a temporary office space to carry on with their business activities as they try to get their business back on its feet.