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How Much Do Office Space Rentals Cost?

With so many growing businesses being developed, many company owners and entrepreneurs are finding themselves and a spatial crossroads. If a business is growing quickly, then a once-perfect basement or bedroom office space setup may be developing into much too small of an area. So, why not look into a shared office rental option? However, not all companies can afford or necessitate an office space rental.

However, we’re here to tell you that finding the right office space rental can be entirely within reach! Of course, the question on everyone’s mind is, how can I find the right space for my business, and what’s it going to cost? Well, shared office space rental prices can vary depending on a number of factors. The size of the space, the location, the amenities, and the length of the lease are all important factors that will affect the cost of renting shared office space.

Here, we will outline what to consider when evaluating your needs for an office space rental, and discuss what the varying price differences may be.

Size

The size of the shared office space is one of the most important factors that will affect the cost. Larger spaces will obviously be more expensive than smaller ones. The size of the space will also determine how many people can comfortably work in the space. If you have a larger team, you will need a larger space to accommodate everyone.

Location

The location of the shared office space is also a major factor that will affect the cost. Calgary office spaces that are within the major metropolitan area will obviously be more expensive than those in smaller cities or towns. The closer the shared office space is to public transportation and other amenities, the higher the price will likely be.

Amenities

The amenities included with the shared office space rental can also affect the cost. Some shared office spaces include furniture, utilities, and janitorial services in the rental price. Others may charge extra for these things. Be sure to find out what is included in the rental price before you sign a lease.

Length of Lease

The length of the lease is another important factor that will affect how much you pay for shared office space rental. Shorter leases will usually be more expensive than longer ones. This is because landlords want to recoup their investment in the property as quickly as possible. If you sign a longer lease, you will usually get a better deal on rent.

Parting thoughts

When you are considering renting shared office space, there are several factors that will affect how much you pay each month. The size of the space, the location, and the amenities included are all important factors to consider when determining how much you can expect to pay in rent each month.

It’s imperative to evaluate what your business needs might be before shopping around for an office space rental. Considering these factors will help you narrow down the options and find the perfect shared office space. And, don’t forget to shop around and compare prices before signing a lease so that you can get the best deal possible on your new professional space!

Stratus Offices are your leading professionals for leasing office space and business service centres in Calgary and Edmonton. Straus serves its clients with a type of accommodation and flexibility that no other company can compete with. We want to ensure that our clients sign lease agreements that best suit their needs by offering secure and private office suites, amenable lease terms, inclusive and competitive pricing, and incredible office packages. As a team at Straus, we are dedicated to providing our clients with the best possible lease options that are tailored to what you need. Straus Offices want to make an office leasing process as simplistic as possible to best serve our community in Alberta!

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